Employee Benefit Plan

9 Months Ended

Mar. 31, 2012

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 March 31, 2012 and 2011 were $85,000 and $79,000, respectively. For the nine months ended March 31, 2012 and 2011, contributions to the Plan were $243,000 and $302,000, respectively.