Quarterly report pursuant to Section 13 or 15(d)

Restructuring Charge

Restructuring Charge

9 Months Ended

Dec. 31, 2014

In the first quarter of fiscal year 2014, the Company acquired Kentrox and identified redundant employees who exited the business after a period of time. The Company recognized no restructuring expense in the three months ended December 31, 2014. The Company recognized a restructuring expense of $55,000 in the nine months ended December 31, 2014 and restructuring expense of $38,000 and $273,000 in the three and nine months ended December 31, 2013, respectively, for severance for these transitional employees. The total cost of this action was $390,000. As of March 31, 2014, $57,000 was unpaid and accrued on the Condensed Consolidated Balance Sheets within Accrued compensation.

Total restructuring charges and their utilization for the nine months ended December 31, 2014, and 2013, are summarized as follows:



	Nine months ended December 31, 2014			Nine months ended December 31, 2013
(in thousands)	Employee-related			Employee-related
Liability at beginning of period	$	57		$	6
Charged	55			273
Paid	(112		)	(202		)
Liability at end of period	$	—		$	77

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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