EMPLOYEE BENEFIT PLANS

12 Months Ended

Mar. 31, 2011

Notes to Financial Statements

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

The Company has a defined contribution benefit plan under Section 401(k) of the Internal Revenue Code, which covers substantially all U.S. employees. Eligible employees may contribute pre-tax amounts to the plan via payroll withholdings, subject to certain limitations. Under the plan, the Company matches 50% of the first 6% of employees' compensation and provides a non-elective Company contribution equal to 3% of base salary. All matching contributions are 100% vested immediately. Total Company contributions in fiscal 2011, 2010 and 2009 were $3.7 million, $3.7 million, and $3.9 million, respectively.