Restructuring Charge |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring And Related Activities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring Charge |
NOTE 14 – RESTRUCTURING CHARGE: In fiscal 2018, the Company aligned its workforce with market conditions by reducing the number of management, office and manufacturing positions. As a result, a restructuring charge of $316 was recognized in the nine months ended December 31, 2017. The restructuring charge included severance and related employee benefit costs. The charge is included in the caption “Restructuring Charge” in the Condensed Consolidated Statements of Operations and Retained Earnings for the nine months ended December 31, 2017. The reconciliation of the changes in the restructuring reserve is as follows:
The liability of $18 at March 31, 2018 is included in the caption “Accrued Compensation” in the Condensed Consolidated Balance Sheet.
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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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