v3.26.3
Restructuring and Loss (Gain) on Disposal of Assets and Costs from Exit and Disposal Activities (Tables)
 6 Months Ended
Sep. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations The following table summarizes the activities included in Restructuring and realignment expense during the periods presented.
Three Months Ended September 30,Six Months Ended September 30,
(Amounts in thousands)2026202520262025
Loss (gain) on disposal of assets and costs from exit and disposal activities:
Accelerated depreciation$— $— $— $1,764 
Severance400 (150)2,545 1,854 
Impairment of right-of-use assets— 853 — 2,120 
Other exit and disposal costs254 1,015 271 1,806 
Selling, general and administrative expenses:
Realignment expenses3,223 5,453 6,397 8,422 
Total 2026 Restructuring Plan activities$3,877 $7,171 $9,213 $15,966 
The assets and liabilities classified as held for sale on the Company’s Consolidated Balance Sheet as of September 30, 2026 and March 31, 2026, include the following:
(Amounts in thousands)September 30, 2026March 31, 2026
Cash$8,660 $9,184 
Accounts receivable5,430 6,957 
Inventory3,346 6,848 
Other current assets683 1,284 
Property, plant and equipment18,276 18,645 
Other assets334 533 
Valuation allowance to adjust assets to estimated fair value, less costs to sell(25,314)— 
Total assets held-for-sale$11,415 $43,451 
Current maturities of debt obligations$— $562 
Accounts payable2,262 2,776 
Accrued expenses2,431 8,669 
Other liabilities2,584 3,132 
Total liabilities held-for-sale$7,277 $15,139 
The following table summarizes the major classes of items constituting the results from discontinued operations presented in the Condensed Consolidated Statement of Operations for the three and six months ended September 30, 2026:
(Amounts in thousands)Three Months Ended September 30, 2026Six Months Ended September 30, 2026
Net sales$4,457 $11,672 
Cost of goods sold4,216 10,197 
Gross profit241 1,475 
Selling, general and administrative expenses909 2,238 
Loss from classification to held for sale23,825 29,818 
Income tax benefit(971)(1,406)
Net loss from discontinued operations$(23,522)$(29,175)
Restructuring and Related Costs
The following table summarizes the restructuring liability for the periods presented:
(Amounts in thousands)20262025
Accrual balance at April 1$1,201 $— 
Costs incurred9,213 15,966 
Non-cash charges— (3,884)
Expenses paid(9,768)(7,845)
Accrual balance at end of period$646 $4,237