401(K) And Other Defined Contribution Plans

12 Months Ended

Dec. 31, 2012

401(K) And Other Defined Contribution Plans [Abstract]

401(K) And Other Defined Contribution Plans

NOTE 12 – 401(K) AND OTHER DEFINED CONTRIBUTION PLANS

We have a retirement savings plan pursuant to Section 401(k) of the Internal Revenue Code (the Code), whereby eligible employees may contribute a portion of their earnings, not to exceed annual amounts allowed under the Code.  In addition, we may also make contributions at the discretion of the board of directors.  We provided matching contributions to employees totaling $246,000 in 2012 and $237,000 in 2011.  

We also contribute to defined contribution retirement savings plans on behalf of our employees in the United Kingdom.  We made contributions to these plans totaling $35,000 in 2012 and $40,000 in 2011.