XML 35 R29.htm IDEA: XBRL DOCUMENT v2.3.0.15
Subsequent Events
6 Months Ended
Sep. 30, 2011
Subsequent Events [Abstract] 
Subsequent Events
Note 24 — Subsequent Events
During October 2011, the Company implemented a series of initiatives, including a reduction in workforce and simplification of business structures and processes across the Company’s operations (“Restructuring Plan”). These actions are intended to increase operating efficiencies and provide additional resources to invest in product lines and service categories in order to execute the Company’s long-term growth strategy plan.
J. Reid Porter, the Company’s Chief Operating Officer and Chief Financial Officer, retired effective October 28, 2011. Mr. Porter’s retirement resulted in the acceleration of vesting of all his unvested restricted stock units and stock options as of October 28, 2011.
The Company expects to record pre-tax restructuring charges and other non-recurring expenses related to the subsequent events discussed above of approximately $8.5 million to $9.5 million during the third and fourth quarters of fiscal year 2012.