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Restructuring and Asset Impairment Charges
6 Months Ended
Sep. 30, 2015
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND ASSET IMPAIRMENT CHARGES
RESTRUCTURING AND ASSET IMPAIRMENT CHARGES

During the quarter ended March 31, 2015, the Company announced the first phase of a global restructuring plan focusing on efficiency and cost improvements. The Company reviewed origin and corporate operations and initiatives were implemented to increase operational efficiency and effectiveness. These initiatives continue to occur as the Company restructures certain operations not meeting strategic business objectives and performance metrics. During the three months ended September 30, 2015, the Company recorded $(386) for recoveries of employee severance charges. During the six months ended September 30, 2015, the Company recorded $(11) for recoveries of employee severance charges and $2,573 of asset impairment charges in connection with the restructuring of certain operations primarily in Africa. The asset impairment charges are for unrecoverable tobacco supplier advances and tobacco production property and equipment due to exiting and redefining the Company’s position in certain African markets. At September 30, 2015, the costs of any future initiatives are not estimable. During the three months ended September 30, 2014, the Company recorded a $500 asset impairment charge for certain machinery and equipment due to the construction of a new U.S. cut rag facility with state of the art machinery and equipment.
The following table summarizes the restructuring charges recorded in the Company’s reporting segments during the three months and six months ended September 30, 2015 and 2014, respectively:
 
Three Months Ended September 30,
 
Six Months Ended September 30,
Restructuring and Asset Impairment Charges
2015
 
2014
 
2015
 
2014
Employee separation and other cash charges:
 
 
 
 
 
 
 
Beginning balance
$
7,216

 
$
101

 
$
8,087

 
$
397

Period charges:
 
 
 
 
 
 
 
Severance charges
(386
)
 

 
(11
)
 

Total period charges
(386
)
 

 
(11
)
 

Payments through September 30
(5,267
)
 
(101
)
 
(6,513
)
 
(397
)
Ending balance September 30
$
1,563

 
$

 
$
1,563

 
$

Asset impairment and other non-cash charges
$

 
$
500

 
$
2,573

 
$
500

Total restructuring charges for the period
$
(386
)
 
$
500

 
$
2,562

 
$
500



On April 1, 2015, the Company revised its reportable segments. See Note 1 "Basis of Presentation and Significant Accounting Policies" to the "Notes to Condensed Consolidated Financial Statements." The following table summarizes the employee separations and other cash charges recorded in the Company's North America and Other Regions segment during the three months and six months ended September 30, 2015 and 2014:
 
Three Months Ended September 30,
 
Six Months Ended September 30,
Employee Separation and Other Cash Charges
2015
 
2014
 
2015
 
2014
Beginning balance:
$
7,216

 
$
101

 
$
8,087

 
$
397

   North America

 

 

 

   Other regions
7,216

 
101

 
8,087

 
397

Period charges:
$
(386
)
 
$

 
$
(11
)
 
$

   North America

 

 

 

   Other regions
(386
)
 

 
(11
)
 

Payments through September 30
$
(5,267
)
 
$
(101
)
 
$
(6,513
)
 
$
(397
)
   North America

 

 

 

   Other regions
(5,267
)
 
(101
)
 
(6,513
)
 
(397
)
Ending balance September 30
$
1,563

 
$

 
$
1,563

 
$

   North America

 

 

 

   Other regions
1,563

 

 
1,563