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Restructuring Charges
9 Months Ended
Dec. 31, 2011
Restructuring Chargesb [Abstract]  
RestructuringAndRelatedActivitiesDisclosureTextBlock

11.       Restructuring Charges

 

During the nine months ended December 31, 2011, the Company initiated and completed employee workforce reductions at one of its European facilities. These reductions resulted in approximately $413,000 in one-time termination benefits recorded as restructuring costs during the nine months ended December 31, 2011. These restructuring charges were fully paid by December 31, 2011.

During the three and nine months period ended December 31, 2011 and 2010 the Company recognized a gain of $1,467,000 and $500,000 respectively on the sales of previously closed manufacturing facilities. The gain was recorded as a credit to restructuring expense in both periods.