Employee Retirement Plan

12 Months Ended

Mar. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Employee Retirement Plan

Employee Retirement Plan

Effective January 1, 1986, the Company established a 401(k) defined contribution retirement plan (“Retirement Plan”) covering all full-time employees. The Retirement Plan provides for voluntary employee contributions from 1% to 50% of annual compensation, subject to a maximum limit allowed by Internal Revenue Service guidelines. The Company may contribute such amounts as determined by the Board. Employer contributions vest to participants at a rate of 33% per year of service for the first three years of service and 100% thereafter for each year of service. The Company made a plan contribution of $0.2 million for the fiscal year ended March 31, 2013. The Company did not make any plan contribution for the fiscal years ended March 31, 2015 and 2014.