Defined Benefit Pension Plans

9 Months Ended

Dec. 31, 2016

Defined Benefit Plan Net Periodic Benefit Cost [Abstract]

Defined Benefit Pension Plans

Note 9. Defined Benefit Pension Plans

The Company’s Swiss subsidiary has a fully insured pension plan managed by Swiss Life. The costs of this plan were:

	Quarter ended						Nine months ended
	December 31,						December 31,
	2016			2015			2016			2015
Employer service cost	$	337		$	120		$	1,022		$	360
Interest cost		10			6			30			18
Expected return on plan assets		(15	)		(6	)		(46	)		(18	)
Amortization of actuarial (gains) losses		42			—			129			—
Net pension cost for the year	$	374		$	120		$	1,135		$	360

The employer contributions for the nine month periods ended December 31, 2016 and 2015 were $646 and $360, respectively.  The estimated employer contributions for the fiscal year ending March 31, 2017 are $658.