| 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) | 2026 | | 2025 | | 2026 | | 2025 | Loss (gain) on disposal of assets and costs from exit and disposal activities: | | Accelerated depreciation | $ | — | | | $ | — | | | $ | — | | | $ | 1,764 | | | Severance | 400 | | | (150) | | | 2,545 | | | 1,854 | | | Impairment of right-of-use assets | — | | | 853 | | | — | | | 2,120 | | | Other exit and disposal costs | 254 | | | 1,015 | | | 271 | | | 1,806 | | | Selling, general and administrative expenses: | | Realignment expenses | 3,223 | | | 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, 2026 | | March 31, 2026 | | Cash | $ | 8,660 | | | $ | 9,184 | | | Accounts receivable | 5,430 | | | 6,957 | | | Inventory | 3,346 | | | 6,848 | | | Other current assets | 683 | | | 1,284 | | | Property, plant and equipment | 18,276 | | | 18,645 | | | Other assets | 334 | | | 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 payable | 2,262 | | | 2,776 | | | Accrued expenses | 2,431 | | | 8,669 | | | Other liabilities | 2,584 | | | 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, 2026 | | Six Months Ended September 30, 2026 | | Net sales | $ | 4,457 | | | $ | 11,672 | | | Cost of goods sold | 4,216 | | | 10,197 | | | Gross profit | 241 | | | 1,475 | | | Selling, general and administrative expenses | 909 | | | 2,238 | | | Loss from classification to held for sale | 23,825 | | | 29,818 | | | Income tax benefit | (971) | | | (1,406) | | | Net loss from discontinued operations | $ | (23,522) | | | $ | (29,175) | |
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