Savings and Retirement Plans (Tables)

12 Months Ended

Mar. 31, 2014

Retirement Plans Disclosure [Line Items]

Allocation of pension plan assets

The allocation of pension plan assets as of March 31 was as follows:

	2014						2013
	Target Allocation			Actual Allocation			Target Allocation			Actual Allocation
Other Contract (Netherlands Plan)		100	%		100	%		100	%		100	%
Deposit Administration Contract (U.K. Plan)		100	%		100	%		100	%		100	%

Fair value of pension plan assets

The fair value of the pension plan assets at March 31 by asset class is as follows:

Asset Class	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
2014
Other Contract (Netherlands Plan)	$	2,665,000	$	-		$	-	$	2,665,000
Deposit Administration Contract (U.K. Plan)		756,000		-			756,000		-
2013
Other Contract (Netherlands Plan)	$	1,993,000	$	(3,000	)	$	-	$	1,996,000
Deposit Administration Contract (U.K. Plan)		636,000		-			636,000		-

Reconciliation of beginning and ending balances for Level 3 assets

The reconciliation of beginning and ending balances for our Level 3 assets is as follows:

	Other Contract (Netherlands Pension Plan Assets)
Beginning balance as at April 1, 2013	$	1,996,000
Loss recognized in earnings		57,000
Unrealized actuarial gain recognized in other comprehensive loss		296,000
Purchases		215,000
Sales		(1,000	)
Transfers		(57,000	)
Unrealized foreign currency translation loss recognized in other comprehensive loss		159,000
Ending balance as at March 31, 2014	$	2,665,000

The Netherlands Defined Benefit Plan [Member]

Retirement Plans Disclosure [Line Items]

Benefit payments in subsequent fiscal years

At March 31, 2014, we project the following benefit payments in subsequent fiscal years:

2015	$	4,000
2016		23,000
2017		23,000
2018		24,000
2019		24,000
2020 to 2024		172,000
	$	270,000

Summary of the changes in benefit obligations and the change in plan assets

The following table summarizes the change in benefit obligations and the change in plan assets for the years ended March 31:

	2014			2013
Changes in benefit obligations:
Projected benefit obligation, beginning of year	$	2,624,000		$	1,572,000
Service cost		126,000			74,000
Interest cost		108,000			88,000
Benefits paid		(1,000	)		-
Value transfers		(57,000	)		-
Plan Amendment		(46,000	)		-
Actuarial result		384,000			956,000
Foreign currency translation		205,000			(66,000	)
Projected benefit obligation, end of year	$	3,343,000		$	2,624,000
Changes in plan assets:
Plan assets, beginning of year	$	1,993,000		$	1,217,000
Contributions to plan		216,000			122,000
Management cost		(15,000	)		(11,000	)
Actual return on assets		370,000			716,000
Benefits paid		(1,000	)		-
Value transfers		(57,000	)		-
Foreign currency translation		159,000			(51,000	)
Plan assets, end of year	$	2,665,000		$	1,993,000

Amount recognized in other comprehensive loss

The amount recognized in other comprehensive loss at March 31 consists of:

	2014			2013
Unrecognized net prior service benefit	$	(348,000	)	$	(313,000	)
Unrecognized net losses		711,000			612,000
Additional other comprehensive loss (gross of deferred taxes)	$	363,000		$	299,000

Projected benefit obligation, accumulated benefit obligations and the fair value plan assets

The projected benefit obligation, accumulated benefit obligations and the fair value plan assets at March 31 were as follows:

	2014		2013
Projected benefit obligation	$	3,343,000	$	2,624,000
Accumulated benefit obligation		2,704,000		2,083,000
Fair value of plan assets		2,665,000		1,993,000

Components of benefit costs for defined benefit retirement plans

The cost of our defined benefit retirement plan includes the following components for the years ended March 31:

	2014			2013			2012
Gross service cost, net of employee contribution	$	113,000		$	60,000		$	58,000
Interest cost		108,000			88,000			86,000
Management cost		11,000			11,000			14,000
Expected return on assets		(72,000	)		2,000			9,000
Amortization		-			(11,000	)		(6,000	)
Net periodic retirement cost	$	160,000		$	150,000		$	161,000

Major assumptions used in calculations

Major assumptions used in the above calculations include:

	2014			2013
Discount rate		3.40	%		3.90	%
Expected return on assets		3.40	%		3.90	%
Expected rate of increase in future compensation:
General		2.5	%		2.5	%
Individual		0-3	%		0-3	%

The UK Defined Benefit Plan [Member]

Retirement Plans Disclosure [Line Items]

Benefit payments in subsequent fiscal years

At March 31, 2014 we project the following benefit payments in subsequent fiscal years:

2015	$	-
2016		-
2017		119,000
2018		-
2019		184,000
2020 to 2024		816,000
	$	1,119,000

Summary of the changes in benefit obligations and the change in plan assets

The following table summarizes the change in benefit obligations and the change in plan assets for the years ended March 31:

	2014			2013
Changes in benefit obligations:
Projected benefit obligation, beginning of year	$	665,000		$	733,000
Service cost		5,000			5,000
Interest cost		33,000			35,000
Other		(5,000	)		(5,000	)
Actuarial result		(7,000	)		(69,000	)
Foreign currency translation		64,000			(34,000	)
Projected benefit obligation, end of year	$	755,000		$	665,000
Changes in plan assets:
Plan assets, beginning of year	$	636,000		$	614,000
Contributions to plan		43,000			34,000
Management cost		(5,000	)		(5,000	)
Actual return on assets		19,000			24,000
Foreign currency translation		63,000			(31,000	)
Plan assets, end of year	$	756,000		$	636,000

Amount recognized in other comprehensive loss

The amount recognized in other comprehensive loss as of March 31 consists of:

	2014		2013
Unrecognized net losses (gross of deferred taxes)	$	130,000	$	130,000

Projected benefit obligation, accumulated benefit obligations and the fair value plan assets

The projected benefit obligation, accumulated benefit obligation and the fair value plan assets at March 31 were as follows:

	2014		2013
Projected benefit obligation	$	755,000	$	665,000
Accumulated benefit obligation		755,000		665,000
Fair value of plan assets		756,000		636,000

Components of benefit costs for defined benefit retirement plans

The cost of our defined benefit retirement plan includes the following components for the years ended March 31:

	2014			2013			2012
Gross service cost, net of employee contribution	$	5,000		$	5,000		$	5,000
Interest cost		33,000			35,000			36,000
Expected return on assets		(21,000	)		(21,000	)		(29,000	)
Amortization		7,000			15,000			12,000
Net periodic retirement cost	$	24,000		$	34,000		$	24,000

Major assumptions used in calculations

Major assumptions used in the above calculations include:

	2014			2013
Discount rate		4.60	%		4.80	%
Expected return on assets		3.70	%		3.10	%