Restructuring Reserve |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring And Related Activities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring Reserve |
NOTE 14 – RESTRUCTURING RESERVE: In the first quarter of fiscal 2017, the Company’s workforce was aligned with market conditions existing at such time by eliminating certain management, office and manufacturing positions. As a result, a restructuring charge of $555 was recognized, which included severance and related employee benefit costs. This charge was included in the caption “Restructuring Charge” in the Condensed Consolidated Statement of Income and Retained Earnings for the three months ended June 30, 2017 The reconciliation of the changes in the restructuring reserve is as follows:
The liability of $18 is included in the caption “Accrued Compensation” in the Condensed Consolidated Balance Sheet at March 31, 2018. |
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- References No definition available.
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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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