Annual report [Section 13 and 15(d), not S-K Item 405]

RESTRUCTURING CHARGES

v3.26.1
RESTRUCTURING CHARGES
12 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES
NOTE 6: RESTRUCTURING CHARGES
During fiscal years 2026 and 2025, the Company approved certain restructuring plans to improve operational efficiencies and rationalize its cost structure. All restructuring activities from 2025 fiscal year were completed by the fourth quarter of fiscal 2026. During fiscal year 2026, all employees were notified; however, due to local requirements, not all employees had left employment by the end of the fiscal year. No asset impairments occurred in fiscal year 2026 or in fiscal year 2025.
The following tables show the activity for accrued restructuring (in thousands):
Severance and
benefits
Balance as of March 31, 2024 $ — 
Restructuring charges 4,090 
Cash payments (3,266)
Other non-cash (38)
Balance as of March 31, 2025 786 
Restructuring charges 8,112 
Cash payments (8,363)
Other non-cash 31 
Balance as of March 31, 2026 $ 566