SRI Surgical 401(K) Plan

12 Months Ended

Dec. 31, 2011

SRI Surgical 401(K) Plan [Abstract]

SRI Surgical 401(K) Plan

NOTE M – SRI SURGICAL 401(k) PLAN

The Company sponsors the SRI SURGICAL/Surgical Express, Inc. 401(k) Plan (the "Plan"), a defined contribution plan established under Section 401(k) of the U.S. Internal Revenue Code. Employees are eligible to contribute voluntarily to the Plan after six months of continued service, satisfying 1,000 hours of service and attaining age 21. In addition to the employees' contributions, at its discretion, the Company may contribute 50% of the first 4% of the employee's contribution. The Plan allows for employee elective contributions up to an amount equivalent to 15% of salary. Employees are always vested in their contributed balance and vest ratably in the Company's contribution over three years. For the years ended December 31, 2011, 2010, and 2009, the Company's expense related to the Plan was approximately $327,000, $319,000, and $303,000, respectively.