15. EMPLOYEE BENEFIT PLANS:

DEFINED CONTRIBUTION PLANS

The Company sponsors an employee savings plan (the "Plan"), which conforms to the provisions of Section 401(k) of the Internal Revenue Code. The Plan covers substantially all full-time and part-time employees in the U.S. and enables employees to voluntarily defer their eligible compensation through contributions to the Plan, up to the maximum amount per year permitted under the Internal Revenue Code. The Company matches 50% of the first 5% in eligible compensation deferred by each participating employee.

During the fiscal years 2012, 2011, and 2010, the Company's matching contributions to the Plan were approximately $2.1 million, $2.2 million and $2.1 million, respectively. The Company does not have any material obligations to past or present employees related to post employment benefits under the Plan.

DEFINED BENEFIT PLANS

The Company's Supplemental Executive Retirement Plan ("SERP") provides designated officers and executives of the Company or their designated beneficiaries with benefits upon retirement or death. The Company funds the benefits under the SERP with corporate owned life insurance policies held by a segregated trust (known as a "Rabbi Trust"), whose assets are subject to the claims of creditors of the Company. As of June 30, 2012, there are three participants, all of whom are all fully vested. The Company also sponsors similar plans related to its acquisition of Torex. As of June 30, 2012 and 2011, total accumulated benefit obligations of approximately $6.8 million and $4.8 million, respectively, were included in Other Non-Current Liabilities on the consolidated balance sheets.

In addition, the Company sponsors pension plans inherited with its acquisition of Torex. The following tables provide information regarding these plans for the period ended June 30, 2012 (in thousands):


Change in Projected Benefit Obligation ("PBO"):
PBO at the beginning of year	$	0
Acquired PBO – Torex		40,409
Service cost		29
Interest cost		184
Actuarial (gain) loss		108
Benefit payments		(184	)
PBO at the end of year	$	40,546


Fair Value of Plan Assets:
Fair value at the beginning of year	$	0
Acquired fair value of plan assets - Torex		40,160
Return on assets		134
Contributions		63
Actuarial (gain) loss		(25	)
Benefit payments		(153	)
Fair value at the end of year	$	40,179


Funded Status of the Plan
(Unfunded) status of PBO	$	(388	)
Unrecognized prior service cost		N/A
Unrecognized net actuarial (gain) losses		N/A
Accrued benefit cost	$	(388	)


Accumulated benefit obligation	$	388


Amount recognized in the consolidated balance sheet:
Accrued benefit liability ⁽¹⁾	$	(388	)

(1) Accrued benefit liability is included in Other Non-Current Liabilities in the consolidated balance sheet.

Assumptions used to measure benefit obligation at June 30, 2012 was as follows:


Discount rate	2.2% - 4.5%
Return on plan assets	3.7% - 4.3%

The total periodic pension cost for the fiscal year ended June 30, 2012 for the inherited pension plans was immaterial.

As of June 30, 2012, the projected benefit payments to be paid from the Company's inherited pension plans are as follows for the fiscal years ending June 30 (in thousands):


2013	$	2,042
2014		1,727
2015		2,356
2016		1,884
2017		2,199
2018 – 2022		11,464