Note 14 - Employee Benefits

12 Months Ended

Mar. 31, 2015

Compensation and Employee Benefit Plans [Text Block]

14.	EMPLOYEE BENEFITS

The Company has a 401(k) defined contribution plan covering domestic employees and an 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, 2015 and 2014 was approximately $299,000 and $287,000, 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 2015 and 2014 was approximately $1,150,000 and $500,000, respectively, and was recorded in general and administrative expenses in the consolidated statements of income.