Employee Benefit Plan

6 Months Ended

Dec. 31, 2011

Employee Benefit Plan

Employee Benefit Plan

Note 12.   Employee Benefit Plan

The Company has a defined contribution 401k plan (the “Plan”) covering substantially all employees.  Pursuant to the Plan provisions, the Company is required to make matching contributions equal to 50% of each employee’s contribution, but not to exceed 4% of the employee’s compensation for the Plan year.  Contributions to the Plan during the three months ended December 31, 2011 and 2010 were $74,000 and $83,000, respectively. For the six months ended December 31, 2011 and 2010, contributions to the Plan were $158,000 and $222,000, respectively.