Note 10 Pension Plans

9 Months Ended

Dec. 31, 2012

Pension and Other Postretirement Benefits Disclosure [Abstract]

Pension Plans [Text Block]

10. Pension Plans

We maintain three defined benefit pension plans: one for United Kingdom employees, one for German employees, and one for Philippine employees. These plans cover most of the employees in the United Kingdom, Germany and the Philippines. Benefits are based on years of service and the employees' compensation. We deposit funds for these plans, consistent with the requirements of local law, with investment management companies, insurance companies, banks or trustees and/or accrue for the unfunded portion of the obligations. The measurement date for the projected benefit obligations and the plan assets is March 31. The United Kingdom and German plans have been curtailed. As such, the plans are closed to new entrants and no credit is provided for additional periods of service. The German plan is held by a separate legal entity. As of December 31, 2012, the German defined benefit plan was completely unfunded. We expect to contribute approximately $917,000 to the United Kingdom and the Philippines plans in the fiscal year ending March 31, 2013. This contribution is primarily contractual.

The net periodic pension expense includes the following components (in thousands):

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2012		2011		2012		2011
	(unaudited)				(unaudited)
Service cost	$	25	$	21	$	74	$	63
Interest cost on projected benefit obligation		478		501		1,417		1,538
Expected return on plan assets		(385)		(422)		(1,143)		(1,291)
Recognized actuarial loss		42		19		126		57
Net periodic pension expense	$	160	$	119	$	474	$	367