XML 30 R16.htm IDEA: XBRL DOCUMENT v2.3.0.15
Retirement Plans
3 Months Ended
Sep. 30, 2011
Retirement Plans [Abstract] 
Retirement Plans

11.          Retirement Plans

 

The following table provides a detail of the components of net periodic benefit cost of our German subsidiary's defined benefit pension plan for the three months ended September 30, 2011 and 2010 (in thousands):

 

Three Months Ended

   

September 30,

   

2011

 

2010

         

Service cost

 

$   3

 

   $   4

Interest cost

 

   59

 

    53

Expected return on plan assets

 

 (25)

 

   (24)

Net periodic benefit cost

 

$ 37

 

$ 33

 

We contributed $10,000 and $11,000 to our German subsidiary's defined benefit plan during the three months ended September 30, 2011 and 2010, respectively, and expect to make quarterly contributions similar to the contribution for the three months ended September 30, 2011 during the remaining quarters of fiscal 2012.

 

We maintain a U.S. employee retirement savings plan that qualifies as a defined contribution plan under Section 401(k) of the Internal Revenue Code of 1986. For fiscal 2010, the Board of Directors approved a one-time profit sharing 401(k) contribution of $245,000 to be distributed pro-rata based on salary to 401(k) plan participants. The $245,000 contribution was accrued in fiscal year 2010 and paid during the three months ended September 30, 2010. We made no other contributions to the plan during the three months ended September 30, 2011 and 2010, respectively.

 

We also maintain a defined contribution plan ("Stakeholder Plan") for our U.K. based employees.  For our U.K. based employees who contribute 4% or more of their salary to the Stakeholder Plan, we match 100% of employee contributions, up to 7% of their salary.  During the three months ended September 30, 2011 and 2010, we contributed $32,000 and $34,000 to the Stakeholder Plan, respectively.