Annual report pursuant to Section 13 and 15(d)

Restructuring Charge

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Restructuring Charge
12 Months Ended
Mar. 31, 2016
Restructuring And Related Activities [Abstract]  
Restructuring Charge

Note 14 – Restructuring Charge:

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.  This charge is included in the caption “Restructuring Charge” in the fiscal 2015 Consolidated Statement of Operations.  A reconciliation of the changes in the restructuring reserve is as follows:

 

 

 

Year ended

March 31, 2016

 

 

Year ended

March 31, 2015

 

Balance at beginning of year

 

$

1,718

 

 

$

 

(Income) expense for restructuring

 

 

(3

)

 

 

1,718

 

Amounts paid for restructuring

 

 

(1,641

)

 

 

 

Balance at end of year

 

$

74

 

 

$

1,718

 

 

The liability of $74 at March 31, 2016 and the current portion of the liability of $1,594 at March 31, 2015 are included in the caption “Accrued Compensation” in the Consolidated Balance Sheets.  The long-term portion of $124 at March 31, 2015 is separately presented in the Consolidated Balance Sheet.