Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING CHARGES

v3.19.3
RESTRUCTURING CHARGES
 6 Months Ended
Sep. 30, 2019
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES
RESTRUCTURING CHARGES
There were no new restructuring plans initiated during the six months ended September 30, 2019. In the six months ended September 30, 2018, management approved two plans to eliminate 66 positions in the U.S. and internationally. The purpose of these plans was to improve operational efficiencies and align with management’s strategic vision for the Company. Severance and benefits costs of approximately $3.6 million were incurred as a result.

The following table summarizes the restructuring activities for the six months ended September 30, 2019 and 2018 (in thousands):
 
 
Severance and Benefits
  
Facilities
 
Total
Balance as of March 31, 2019
 
$
—

  
$
2,876

 
$
2,876

   Restructuring costs
 
—

  
826

 
826

   Adjustments to prior estimates
 
—

 
258

 
258

   Cash payments
 
—

  
(3,661
)
 
(3,661
)
Balance as of September 30, 2019
 
$
—

  
$
299

 
299

 
 
 
 
 
 
 
Balance as of March 31, 2018
 
$
1,430

 
$
4,389

 
$
5,819

   Restructuring costs
 
3,607

 
48

 
3,655

   Adjustments to prior estimates
 
—

 
546

 
546

   Cash payments
 
(4,592
)
 
(991
)
 
(5,583
)
Balance as of September 30, 2018
 
$
445

  
$
3,992

 
$
4,437

 
 
 

  
 

 
 


Facility restructuring accruals will be paid by the end of the fiscal year ending March 31, 2020.