XML 148 R20.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 13 - Employee Benefit Plans
12 Months Ended
Mar. 29, 2015
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 13.    EMPLOYEE BENEFIT PLANS


Exar Savings Plan


The Exar Savings Plan (“Plan”), as amended and restated, covers our eligible U.S. employees. The Plan provides for voluntary salary reduction contributions in accordance with Section 401(k) of the Internal Revenue Code as well as matching contributions from Exar. For fiscal year 2015 and 2014, our matching contribution was percentage of the employees’ contributions, not to exceed a fixed maximum.  For fiscal year 2013, the matching contribution percentage was variable based upon Company’s performance targets set at the beginning of the fiscal year.


Our matching contributions to the Plan for the fiscal years ending on the dates indicated below were as follows (in thousands):


   

March 29,

2015

   

March 30,

2014

   

March 31,

2013

 

Matching contributions

  $ 421     $ 373     $ 267  

Management and Employee Incentive Compensation Programs


Our incentive compensation programs provide for incentive awards for substantially all employees based on the achievement of personal objectives and our operating performance results. Our incentive compensation programs may be amended or discontinued at the discretion of our board of directors.


Our unpaid incentive compensation for the fiscal years ending on the dates indicated below was as follows (in thousands):


   

March 29,

2015

   

March 30,

2014

   

March 31,

2013

 

Unpaid incentive compensation

  $ 1,627     $ 698     $ 781