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Note 7 - Restructuring and Other Non-recurring Costs
12 Months Ended
Jun. 30, 2020
Statement Line Items [Line Items]  
Disclosure of restructuring costs [text block]
7.
Restructuring
and other non-recurring
costs
 
 
 
 
Year Ended
 
 
Three Months Ended
   
Year Ended March 31
 
(US dollars in thousands)
 
 
June 30
2020
   
June 30
2019
   
2019
   
2018
 
Corporate restructuring – workforce reduction
   
163
     
-
     
102
     
734
 
Corporate restructuring – litigation provision
   
1,104
     
-
     
-
     
-
 
Corporate restructuring – professional fees
   
1,031
     
518
     
1,776
     
566
 
Project review and investigation costs
   
1,112
     
7
     
139
     
573
 
Total
 
 
3,410
     
525
     
2,017
     
1,873
 
 
Restructuring and other non-recurring costs by nature are
one
-time incurrences, and therefore, do
not
represent normal trading activities of the business. These costs are disclosed separately in order to draw them to the attention of the reader of the financial information and enable comparability in future periods.
 
During a prior fiscal period, the Board undertook a strategic restructuring of the business to align operations, personnel, and business development activities to focus on a fewer number of areas of activity. Associated with this restructuring was the departure of a number of employees and contractors from the business. The workforce reduction cost represents the total salary, benefit, severance, and contract costs paid in the year or accruing to these individuals in the future for which
no
services will be rendered to the Company. Professional fees represent legal fees incurred to resolve certain disputes related to some of these separations in both the current and prior year. Terminated and restructured projects are the costs incurred related to solar business development activities in Asia for which the decision was made
not
to proceed for economic reasons, and costs of detailed review and investigation for the ISS Joint Venture portfolio in the U.S.