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LEASES

6 Months Ended

Sep. 30, 2011

7. LEASES

The Company leases facilities, equipment and land under operating leases expiring through 2026. The land lease provides for contingent rental in excess of minimum rental commitments based on a percentage of the Company’s sales. Management has accrued for the estimated contingent rent as of September 30, 2011.

Future minimum lease payments under all non-cancelable operation leases at September 30, 2011 are as follows:

Payments Due	(in thousands)
Next 12 Months	$	239
Year 2	245
Year 3	248
Year 4	222
Year 5	147
Thereafter through 2026	1,369
Total minimum lease payments	$	2,470

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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