Retirement Plans

9 Months Ended

Mar. 31, 2013

Retirement Plans [Abstract]

Retirement Plans

10. Retirement Plans

     The following table provides detail of the components of net periodic benefit cost of our German subsidiary's defined benefit pension plan for the three and nine months ended March 31, 2013 and 2012 (in thousands):

		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2013			2012			2013			2012
Service cost	$	1		$	3		$	2		$	10
Interest cost		48			54			142			168
Expected return on plan assets		(19	)		(23	)		(55	)		(71	)
Amortization of net (gain) loss		2			-			6			-
Net periodic benefit cost	$	32		$	34		$	95		$	107

     We contributed $9,000 and $26,000 to our German subsidiary's defined benefit pension plan during the three and nine months ended March 31, 2013, respectively, and expect to make additional, similar, quarterly contributions during the remaining quarters of our fiscal 2013. We contributed $9,000 and $27,000 to our German subsidiary's defined benefit plan during the three and nine months ended March 31, 2012, respectively.

     We maintain a U.S. employee retirement savings plan that qualifies as a defined contribution plan under Section 401(k) of the Code. We reinstated our employer match as of July 1, 2012 under which we match 25% of the first 5% of the employee's annual salary invested by the employee in the 401(k) plan. During the three and nine months ended March 31, 2013, we contributed $54,000 and $136,000 in matching funds to the 401(k) plan, respectively. We made no contributions to the plan during the three and nine months ended March 31, 2012, respectively.

     We also maintain a defined contribution plan (the "Stakeholder Plan") for our U.K. based employees. For our U.K. based employees who contribute 4% or more of their salary to the Stakeholder Plan, we match 100% of employee contributions, up to 7% of their salary. During the three months ended March 31, 2013 and 2012, we contributed $15,000 and $16,000 to the Stakeholder Plan, respectively. During the nine months ended March 31, 2013 and 2012, we contributed $44,000 and $48,000 to the Stakeholder Plan, respectively.