7. RETIREMENT PLAN

3 Months Ended

Jun. 30, 2012

Notes to Financial Statements

NOTE 7 - RETIREMENT PLAN

The Company has a 401(k) plan for its employees. All employees with 90 days of service are eligible to participate, unless they are covered by a collective bargaining agreement which precludes coverage. The Company matches employee contributions up to 3% of the employee's compensation, subject to IRS limits. During the three months ended June 30, 2012 and 2011, the Company incurred expenses of $804 and $774, respectively. These costs are included in salaries and benefits in the accompanying unaudited condensed consolidated statements of operations.  At June 30 and March 31, 2012, accrued compensation and benefits in the accompanying unaudited condensed consolidated balance sheets included $1.7 million and $3.9 million, respectively, in accrued employer contributions.