Defined Contribution Plans

12 Months Ended

Mar. 31, 2015

Defined Contribution Plans [Abstract]

Defined Contribution Plans

18. Defined Contribution Plans

The Company has a 401(k) plan covering all employees who are 21 years of age with at least six months of service. The plan permits eligible employees to make contributions up to certain limitations, with the Company matching 25% of each participating employee’s contribution up to the first 6% of employee compensation. Beginning in March 2015, the Company increased its matching contributions from 25% to 50% of each participant’s elective contributions to the plan up to 6% of the participant’s compensation for the year. Employees are immediately vested in their voluntary employee contributions and vest in the Company’s matching contributions ratably over five years. The Company’s matching contribution to the 401(k) plan was $145,000, $126,000 and $117,000 for the fiscal years ended March 31, 2015, 2014 and 2013, respectively.