SUBSEQUENT EVENT |
6 Months Ended |
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Sep. 30, 2015 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENT |
SUBSEQUENT EVENT
On November 6, 2015, we approved a plan to eliminate approximately 65 positions and reduce other expenses to improve our cost structure in order to align spending with revenue expectations. These actions are expected to be completed by March 31, 2016, with the majority occurring by December 31, 2015. The costs associated with these actions consist of one-time termination benefits. Our preliminary estimate of these costs is approximately $2 million, substantially all of which will result in future cash expenditures.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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