We initiated a restructuring plan in the third quarter of fiscal 2026 ("Plan B") intended to optimize our cost structure, improve organizational agility, and better align resources with strategic priorities. These restructuring activities encompass workforce reductions, office lease closures and exit of operations in certain jurisdictions and are estimated to cost up to $32,000, of which, $30,204 has been incurred through March 31, 2026. We anticipate the plan to be completed in the first quarter of fiscal 2027. For the year ended March 31, 2026, restructuring charges related to Plan B were comprised of the following:


	Total
Employee severance and related costs	$	23,663
Stock-based compensation	4,001
Lease exit costs	2,273
Other costs	267
Total restructuring charges	$	30,204

We initiated a restructuring plan in the first quarter of fiscal 2026 ("Plan A") intended to optimize our Business Technology organization. The objective of this plan is to realign the workforce, invest in emerging capabilities, modernize the technology landscape, and streamline operations to operate with greater agility and customer focus. The workforce realignment and identification of planned technology changes were completed in fiscal 2026, and the remaining activities under the restructuring plan, including the technology transitions, are expected to be completed in fiscal 2027. For the year ended March 31, 2026, restructuring charges related to Plan A were comprised of the following:

In the fourth quarter of fiscal 2024, we initiated a restructuring plan (the "2024 Plan") which was completed in fiscal 2025. There were no charges incurred in fiscal 2026 related to this plan. For the years ended March 31, 2025 and 2024, restructuring charges were $10,026 and $4,548, respectively.


	Plan A		Plan B		2024 Plan		Total
Balance as of March 31, 2025	$	—	$	—	$	790	$	790
Employee severance and related costs	1,332		23,663		—		24,995
Payments	(1,299)		(18,996)		(790)		(21,085)
Balance as of March 31, 2026	$	33	$	4,667	$	—	$	4,700