• Filing Date: 2020-06-24
  • Form Type: 10-K
  • Description: Annual report
v3.20.1
RESTRUCTURING CHARGES
12 Months Ended
Mar. 31, 2020
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES
RESTRUCTURING CHARGES
During fiscal years 2019 and 2018, the Company approved certain restructuring plans to improve operational efficiencies and rationalize its cost structure. These plans included a reduction in workforce of approximately 80 positions and 210 positions during the fiscal years 2019 and 2018, respectively, and the exit of certain facility space occurring throughout fiscal years 2018 through 2020.
The following tables show the activity and the estimated timing of future payouts for accrued restructuring (in thousands):
 
Severance and
benefits
 
Facilities
 
Total
Balance as of March 31, 2017
$
130

 
$
6,152

 
$
6,282

Restructuring costs
8,266

 
208

 
8,474

Cash payments
(6,368
)
 
(1,971
)
 
(8,339
)
Other non-cash
(598
)
 

 
(598
)
Balance as of March 31, 2018
1,430

 
4,389

 
5,819

Restructuring costs
4,708

 
862

 
5,570

Cash payments
(6,138
)
 
(2,375
)
 
(8,513
)
Balance as of March 31, 2019

 
2,876

 
2,876

Adjustments of prior estimates

 
1,022

 
1,022

Cash payments

 
(3,961
)
 
(3,961
)
Other non-cash

 
63

 
63

Balance as of March 31, 2020
$

 
$

 
$



Facility restructuring accruals will be paid in accordance with the respective facility lease terms and amounts above are net of estimated sublease amounts.