Note 21 - Employee Benefits

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

21. 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 immediately eligible to participate in the Plans. The Company’s contribution to the Plans for the years ended

March 31, 2019

and

2018

was approximately

$630,000

and

$559,000,

respectively, and was recorded in the consolidated statements of income.

The Company, in each of the past

three

years, has paid a discretionary profit sharing bonus in which all employees have participated. Profit sharing expense in fiscal

2019

and

2018

was approximately

$2,434,000

and

$1,188,000,

respectively, and was recorded in general and administrative expenses in the consolidated statements of income.