Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING CHARGES

v3.19.2
RESTRUCTURING CHARGES
 9 Months Ended
Dec. 31, 2018
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES
NOTE 6: RESTRUCTURING CHARGES
In the nine months ended December 31, 2018, management approved plans to eliminate 83 positions in the U.S. and internationally. The purpose of this plan was to improve operational efficiencies and align with management’s strategic vision for the Company. Severance and benefits costs of approximately $4.6 million were incurred under this restructuring plan. As of December 31, 2018, the Company had four locations with a restructuring accrual.
In the nine months ended December 31, 2017, management approved plans to eliminate 100 positions in the U.S. and internationally. The purpose of this plan was to improve operational efficiencies and align with management’s strategic vision for the Company. Severance and benefits costs of approximately $5.8 million were incurred under this restructuring plan.
The following table summarizes the activity included in restructuring charges for the period ended December 31, 2018 and 2017 (in thousands):
 
    Severance
and benefits		     Facilities     Total  
Balance as of March 31, 2018
   $ 1,430     $ 4,389     $ 5,819  
Restructuring costs
     4,602       55       4,657  
Adjustments to prior estimates
     —         771       771  
Cash payments
     (5,631 )      (1,669 )      (7,300 ) 
   
 
 
    
 
 
    
 
 
  
Balance as of December 31, 2018
   $ 401     $ 3,546     $ 3,947  
   
 
 
    
 
 
    
 
 
  
Balance as of March 31, 2017
   $ 130     $ 6,152     $ 6,282  
Restructuring costs
     5,783       157       5,940  
Cash payments
     (1,917 )      (1,523 )     (3,440 )
Other
non-cash
     (598 )      —         (598 ) 
   
 
 
    
 
 
    
 
 
  
Balance as of December 31, 2017
   $ 3,398     $ 4,786     $ 8,184  
   
 
 
    
 
 
    
 
 
  
Estimated timing of future payments
                        
Fiscal 2019
   $ 401     $ 670     $ 1,071  
Fiscal 2020 to 2023
     —         2,876       2,876  
    $ 401     $ 3,546     $ 3,947  
 
Facility restructuring accruals will be paid in accordance with the respective facility lease terms and amounts above are net of estimated sublease amounts.