Note 13 - Employee Benefits

3 Months Ended

Mar. 31, 2012

Pension and Other Postretirement Benefits Disclosure [Text Block]

13.  EMPLOYEE BENEFITS

The Company has a 401(k) defined contribution plan covering domestic employees and a 1165(E) defined contribution plan covering Puerto Rico based employees (“Plans”).  All employees of the Company are eligible to participate in the Plans after six months of service.  The Company’s contribution to the Plans for the years ended March 31, 2012 and 2011 was $290,000 and $282,000, respectively and was recorded in general and administrative expenses in the consolidated statements of income.

The Company, in each of the past two years, has paid a discretionary profit sharing bonus in which all employees have participated.  Profit sharing expense in fiscal 2012 and 2011 was approximately $263,000 and $447,000, respectively, and was recorded in general and administrative expenses in the consolidated statements of income.