Annual report pursuant to Section 13 and 15(d)

Restructuring Charge

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Restructuring Charge
 12 Months Ended
Mar. 31, 2017
Restructuring And Related Activities [Abstract]  
Restructuring Charge

Note 14 – Restructuring Charge:

In 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 $630 was recognized, which included severance and related employee benefit costs.  This charge is included in the caption ''Restructuring Charge'' in the fiscal 2017 Consolidated Statement of Operations.  

In fiscal 2015, the Company eliminated certain director, management, office and manufacturing positions.  As a result, a restructuring charge of $1,718 was recognized, which included severance costs.  A reconciliation of the changes in the restructuring reserve in fiscal 2017 and fiscal 2016 is as follows:

 

 

 

Year ended

March 31, 2017

 

 

Year ended

March 31, 2016

 

Balance at beginning of year

 

$

74

 

 

$

1,718

 

Expense (income) for restructuring

 

 

630

 

 

 

(3

)

Amounts paid for restructuring

 

 

(584

)

 

 

(1,641

)

Balance at end of year

 

$

120

 

 

$

74

 

 

The liability of $120 and $74 at March 31, 2017 and 2016, respectively, are included in the caption ''Accrued Compensation'' in the Consolidated Balance Sheets.