Note 12 - Restructuring

9 Months Ended

Dec. 30, 2023

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

12. Restructuring

The following table summarizes the rollforward of restructuring charges recorded and the accruals established (in thousands):

	Restructuring Payable
	Severance			Other Costs			Total
Balance March 31, 2023	$	117		$	-		$	117
First quarter charge		(42	)		182			140
Second quarter charge		-			9			9
Third quarter charge		-			(42	)		(42	)
Cash payments/write offs		(75	)		(149	)		(224	)
Balance December 30, 2023	$	-		$	-		$	-

	Severance		Other Costs			Total
Balance March 31, 2022	$	-	$	-		$	-
First quarter charge		-		56			56
Second quarter charge		-		52			52
Third quarter charge		389		1,440			1,829
Cash payments/write offs		-		(1,548	)		(1,548	)
Balance December 31, 2022	$	389	$	-		$	389

The restructuring charges pertain to the vegetable reportable segment. During the three and nine months ended December 30, 2023, respectively, the Company incurred restructuring charges primarily due to plants that were closed in previous periods. During the three and nine months ended December 31, 2022, respectively, the Company incurred restructuring charges primarily associated with ceasing production of green beans at a plant in the Northeast. The charges were comprised of severance costs and a write down of production equipment that was sold during the subsequent twelve months.