Restructuring and Asset Impairment Charges

9 Months Ended

Dec. 31, 2016

Restructuring and Related Activities [Abstract]

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 be implemented as the Company restructures certain operations not meeting strategic business objectives and performance metrics. During the three months ended December 31, 2016, the Company recorded $420 for employee severance charges, primarily related to certain operations in Africa, and $30 for other cash charges. During the nine months ended December 31, 2016, severance charges were $483, other cash charges were $90 and asset impairment charges, primarily related to the Company's formerly used cut rag facility, were $495. During the three months ended December 31, 2015, the Company recorded $127 of employee severance charges and $1,398 of asset impairment charges primarily related to changes in certain U.S. pension plans and equipment located in Bulgaria. During the nine months ended December 31, 2015, the Company recorded $116 of employee severance charges and $3,971 of asset impairment charges in connection with the restructuring of certain operations primarily in Africa and Bulgaria and changes to certain U.S. pension plans.

The following table summarizes the restructuring charges recorded during the three months and nine months ended December 31, 2016 and 2015, respectively:



	Three Months Ended December 31,						Nine Months Ended December 31,
Restructuring and Asset Impairment Charges	2016			2015			2016			2015
Employee separation and other cash charges:
Beginning balance	$	80		$	1,563		$	398		$	8,087
Period charges:
Severance charges	420			127			483			116
Other cash charges	30			—			90			—
Total period charges	450			127			573			116
Payments through December 31	(62		)	(1,052		)	(503		)	(7,565		)
Ending balance December 31	$	468		$	638		$	468		$	638
Asset impairment and other non-cash charges	$	—		$	1,398		$	495		$	3,971
Total restructuring charges for the period	$	450		$	1,525		$	1,068		$	4,087

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 nine months ended December 31, 2016 and 2015:



	Three Months Ended December 31,						Nine Months Ended December 31,
Employee Separation and Other Cash Charges	2016			2015			2016			2015
Beginning balance:	$	80		$	1,563		$	398		$	8,087
North America	—			—			—			—
Other regions	80			1,563			398			8,087
Period charges:	$	450		$	127		$	573		$	116
North America	45			—			45			—
Other regions	405			127			528			116
Payments through December 31	$	(62	)	$	(1,052	)	$	(503	)	$	(7,565	)
North America	—			—			—			—
Other regions	(62		)	(1,052		)	(503		)	(7,565		)
Ending balance December 31	$	468		$	638		$	468		$	638
North America	45			—			45			—
Other regions	423			638			423			638