Annual report pursuant to Section 13 and 15(d)

Restructuring Charge

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Restructuring Charge
12 Months Ended
Mar. 31, 2018
Restructuring And Related Activities [Abstract]  
Restructuring Charge

Note 14 – Restructuring Charge:

In fiscal 2018 and fiscal 2017, the Company’s workforce was aligned with market conditions by eliminating certain management, office and manufacturing positions.  As a result, a restructuring charge of $316 and $630 was recognized in fiscal 2018 and fiscal 2017, respectively, which included severance and related employee benefit costs.  The charges are included in the caption ''Restructuring Charge'' in the fiscal 2018 and fiscal 2017 Consolidated Statements of Operations.  

 A reconciliation of the changes in the restructuring reserve in fiscal 2018 and fiscal 2017 is as follows:

 

 

 

Year ended

March 31, 2018

 

 

Year ended

March 31, 2017

 

Balance at beginning of year

 

$

120

 

 

$

74

 

Expense (income) for restructuring

 

 

316

 

 

 

630

 

Amounts paid for restructuring

 

 

(418

)

 

 

(584

)

Balance at end of year

 

$

18

 

 

$

120

 

 

The liability of $18 and $120 at March 31, 2018 and 2017, respectively, is included in the caption ''Accrued Compensation'' in the Consolidated Balance Sheets.