Employee Benefit Plan

12 Months Ended

Mar. 31, 2012

Employee Benefit Plan [Abstract]

Employee Benefit Plan

Note 13.                 Employee Benefit Plan.

Effective February 1, 2003, we established the Image Entertainment Investment Plan, a defined contribution 401(k) plan for the benefit of employees meeting certain eligibility requirements.  Under the plan, participants may contribute a portion of their earnings on a pre-tax basis.  Employee contributions are forwarded to the plan administrator and invested in various funds at the discretion of the employee.  Initially we matched some portion of those contributions based upon the employee's compensation status in accordance with the U.S. Internal Revenue Code.  The plan was amended on January 29, 2010.  Effective for payroll periods on or after March 1, 2010, the employer matching contributions to the 401(k) plan were suspended.  Matching contributions for payroll periods before that date were not affected.  As a result of the amendment, in accordance with the Internal Revenue Service guidelines, the contributions of the highly compensated employees will be capped annually.  The cap will be determined based on the results of the actual deferral and contribution percentage discrimination testing requirements of Code Sections 401(k) and (m).  In January 2011, the plan was further amended to allow employer matching contributions to resume.  We incurred 401(k) savings plan expenses of $97,000 and $34,000 for fiscal 2012 and 2011, respectively.