RETIREMENT PLANS:

12 Months Ended

Mar. 31, 2016

RETIREMENT PLANS:

RETIREMENT PLANS:

14.RETIREMENT PLANS:

The Company has a qualified 401(k) retirement savings plan which covers substantially all U.S. employees.  The Company also offers a supplemental nonqualified deferred compensation plan (“SNQDC Plan”) for certain highly-compensated employees.  The Company matches 50% of the first 6% of employee’s annual aggregate contributions.  The Company may also contribute additional amounts to the plans at the discretion of the board of directors.

Company contributions for the above plans amounted to approximately $6.1 million, $5.3 million and $4.6 million in fiscal years 2016, 2015 and 2014, respectively.  Included in both other current assets and other accrued liabilities are the assets and liabilities of the SNQDC Plan in the amount of $12.5 million and $14.2 million at March 31, 2016 and 2015, respectively.

The Company has one small defined benefit pension plan covering certain employees in Germany.  Both the projected benefit obligation and accumulated benefit obligation were $0.4 million and $0.5 million as of March 31, 2016 and 2015, respectively.  There were no plan assets as of either March 31, 2016 or March 31, 2015, resulting in an excess of benefit obligations over plan assets of $0.4 million at March 31, 2016 and $0.5 million at March 31, 2015.