Note 16 Restructuring Charges

12 Months Ended

Mar. 31, 2014

Restructuring and Related Activities Disclosure [Text Block]

16. Restructuring Charges

In the quarter ended September 30, 2009, we initiated plans to restructure our European manufacturing and assembly operations to align them to current market conditions. The plans primarily involved the termination of employees and centralization of certain positions.

As of March 31, 2013, the restructuring accrual was included under “Accrued expenses and other liabilities” on our consolidated balance sheets. During fiscal 2014, the remaining accrual was credited to “Selling, general and administrative” expenses in our consolidated statements of operations. As of March 31, 2014, we had no restructuring accrual.

The following table summarizes the significant activity within, and components of, our restructuring obligations as of fiscal 2014, 2013 and 2012 (in thousands):

	Severance and Related Benefits		Lease Commitment Accrual		Total
Balance at March 31, 2011	$	106	$	379	$	485
Release		(30)		-		(30)
Cash payments		-		(252)		(252)
Currency translation adjustment		(4)		-		(4)
Balance at March 31, 2012		72		127		199
Cash payments		-		(127)		(127)
Currency translation adjustment		(3)		-		(3)
Balance at March 31, 2013		69		-		69
Release		(73)		-		(73)
Currency translation adjustment		4		-		4
Balance at March 31, 2014	$	-	$	-	$	-

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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