Restructuring

From time to time, the Company implements plans to reorganize its operations, consolidate sites, reduce its workforce and related operating expenses in order to increase the its operating efficiencies. The plans might include eliminating job redundancies, reducing Company’s workforce and writing off of certain fixed assets.

Fiscal 2015 Restructuring Plans

January 2015 Plan: This plan eliminated approximately 40 positions, or approximately 7% of headcount. During the fiscal quarter ended March 31, 2015, the Company incurred restructuring charges of $4.1 million including the write-off of a fixed asset of $2.6 million and expects to incur the remaining charges of $0.1 million in the first quarter of fiscal 2016. The Company anticipates that the restructuring plan will reduce its ongoing net operating expenses by approximately $14.0 million to $18.0 million annually.

April 2014 Plan: The Company completed this plan at the end of the quarter ended December 31, 2014 and incurred cumulative restructuring charges of $1.3 million. As of March 31, 2015, the actual annual savings were approximately $4.6 million for headcount expenses and approximately $0.6 million for other expenses.

Fiscal 2014 and 2013 Restructuring Plans

August 2013 Plan: This plan eliminated approximately 20 positions and certain fixed assets were impaired. The Company incurred cumulative restructuring charges of $1.0 million in connection with this plan.

December 2012 Plan: the Company reduced its workforce by approximately 70 employees and impaired certain fixed assets that were no longer intended to use as a result of the plan and incurred cumulative restructuring charges of $1.8 million for headcount expenses and $4.7 million for asset impairment.

The following table sets forth a summary of restructuring activities related to all of the Company's restructuring plans described above (in thousands):



	Workforce Reduction			Operating Lease Commitments			Asset Impairment and Other			Total
Liability, March 31, 2013	$	548		$	—		$	—		$	548
Restructuring charges	862			—			272			1,134
Cash payments	(1,410		)	—			—			(1,410		)
Non-cash items	—			—			(272		)	(272		)
Liability, March 31, 2014	$	—		$	—		$	—		$	—
Restructuring charges	$	2,613		$	126		$	2,682		$	5,421
Cash payments	(2,160		)	(33		)	(21		)	(2,214		)
Non-cash items	(4		)	20			(2,646		)	(2,630		)
Liability, March 31, 2015	$	449		$	113		$	15		$	577