RESTRUCTURING PLANS

Business Restructuring

In the first quarter of fiscal 2019, the Company announced a restructuring plan to combine its operations in the United Kingdom and Australia, respectively. This restructuring was undertaken in order to improve profitability and efficiency through the elimination of (i) redundant back office functions; (ii) certain staffing positions and (iii) excess distribution and warehouse capacity, and was substantially completed in the second quarter of fiscal 2019. Commencing in the second quarter of fiscal 2019, the Company recorded an initial restructuring reserve, subsequent additions, and has made cash payments as part of this restructuring plan. Also, in connection with this restructuring plan, the Company recorded an impairment of property, plant and equipment at one of the affected facilities in the United Kingdom of $1,398,000 in the second quarter of fiscal 2019, which was included in restructuring expenses. As of June 30, 2019, the remaining liability of $11,000 was classified in accrued other expenses in the accompanying consolidated balance sheet.

Selected information relating to the aforementioned restructuring follows (in thousands):



	Employee Termination Costs			Facility Exit Costs			Other Costs			Total
Restructuring reserve as of March 31, 2019	$	1		$	24		$	14		$	39
Charges (reversals) to expense	(1		)	(24		)	3			(22		)
Cash paid	—			—			(6		)	(6		)
Restructuring reserve as of June 30, 2019	$	—		$	—		$	11		$	11

Strategic Business Initiative

In the third quarter of fiscal 2019, the Company announced that it engaged an international consulting firm to perform a comprehensive review of its operating structure with the goal of improving the alignment of processes across the business, as the Company continues to integrate recent acquisitions and evaluate its portfolio. Commencing in the third quarter of fiscal 2019, the Company recorded an initial restructuring reserve, subsequent additions, and has made cash payments in connection with this initiative. As of June 30, 2019, the remaining liability of $422,000 was classified in accrued other expenses in the accompanying consolidated balance sheet.

Selected information relating to the aforementioned restructuring follows (in thousands):



	Employee Termination Costs
Restructuring reserve as of March 31, 2019	$	634
Cash paid	(212		)
Restructuring reserve as of June 30, 2019	$	422

Performance Improvement Initiative

In the first quarter of fiscal 2020, the Company announced a restructuring plan with the goal of reducing the Company’s cost base to improve business performance, profitability and cash flow generation. Commencing in the first quarter of fiscal 2020, the Company recorded an initial restructuring reserve and has made cash payments in connection with this initiative. As of June 30, 2019, the remaining liability of $1,586,000 was classified in accrued other expenses in the accompanying consolidated balance sheet.

Selected information relating to the aforementioned restructuring follows (in thousands):



	Employee Termination Costs
Initial reserve	$	2,076
Cash paid	(490		)
Restructuring reserve as of June 30, 2019	$	1,586