Annual report pursuant to Section 13 and 15(d)

Restructuring Charge

v3.19.1
Restructuring Charge
12 Months Ended
Mar. 31, 2019
Restructuring And Related Activities [Abstract]  
Restructuring Charge

Note 16 – Restructuring Charge:

In fiscal 2018 and fiscal 2017, 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 and $630 was recognized in fiscal 2018 and fiscal 2017, respectively, which included severance and related employee benefit costs.  The charges were 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 2019 and fiscal 2018 is as follows:

 

 

 

Year ended

March 31, 2019

 

 

Year ended

March 31, 2018

 

Balance at beginning of year

 

$

18

 

 

$

120

 

Expense for restructuring

 

 

 

 

 

316

 

Amounts paid for restructuring

 

 

(18

)

 

 

(418

)

Balance at end of year

 

$

 

 

$

18

 

 

The liability of $18 at March 31, 2018 was included in the caption ''Accrued Compensation'' in the Consolidated Balance Sheet.