Savings and Retirement Plans (Tables)

12 Months Ended

Mar. 31, 2015

Defined Benefit Plan Disclosure [Line Items]

Allocation of pension plan assets

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

	2015						2014
	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)
2015
Other Contract (Netherlands Plan)	$	3,593,000	$	15,000	$	-	$	3,578,000
Deposit Administration Contract (U.K. Plan)		730,000		-		730,000		-
2014
Other Contract (Netherlands Plan)	$	2,665,000	$	-	$	-	$	2,665,000
Deposit Administration Contract (U.K. Plan)		756,000		-		756,000		-

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, 2014	$	2,665,000
Loss recognized in earnings		62,000
Unrealized actuarial gain recognized in other comprehensive loss		1,531,000
Purchases		129,000
Sales		(7,000	)
Unrealized foreign currency translation loss recognized in other comprehensive loss		(802,000	)
Ending balance as at March 31, 2015	$	3,578,000

The Netherlands Defined Benefit Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Benefit payments in subsequent fiscal years

At March 31, 2015, we project the following benefit payments in subsequent fiscal years:

2016	$	19,000
2017		20,000
2018		20,000
2019		20,000
2020		25,000
2021 to 2025		183,000
	$	287,000

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:

	2015			2014
Changes in benefit obligations:
Projected benefit obligation, beginning of year	$	3,343,000		$	2,624,000
Service cost		133,000			126,000
Interest cost		102,000			108,000
Benefits paid		(7,000	)		(1,000	)
Value transfers		-			(57,000	)
Plan amendment		(110,000	)		(46,000	)
Actuarial result		2,006,000			384,000
Foreign currency translation		(1,002,000	)		205,000
Projected benefit obligation, end of year	$	4,465,000		$	3,343,000
Changes in plan assets:
Plan assets, beginning of year	$	2,665,000		$	1,993,000
Contributions to plan		147,000			216,000
Management cost		(10,000	)		(15,000	)
Actual return on assets		1,603,000			370,000
Benefits paid		(7,000	)		(1,000	)
Value transfers		-			(57,000	)
Foreign currency translation		(805,000	)		159,000
Plan assets, end of year	$	3,593,000		$	2,665,000

Amount recognized in other comprehensive loss

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

	2015			2014
Unrecognized net prior service benefit	$	(339,000	)	$	(348,000	)
Unrecognized net losses		941,000			711,000
Additional other comprehensive loss (gross of deferred taxes)	$	602,000		$	363,000

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:

	2015		2014
Projected benefit obligation	$	4,465,000	$	3,343,000
Accumulated benefit obligation		3,710,000		2,704,000
Fair value of plan assets		3,593,000		2,665,000

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:

	2015			2014			2013
Gross service cost, net of employee contribution	$	118,000		$	113,000		$	60,000
Interest cost		102,000			108,000			88,000
Management cost		11,000			11,000			11,000
Expected return on assets		(72,000	)		(72,000	)		2,000
Amortization		(2,000	)		-			(11,000	)
Net periodic retirement cost	$	157,000		$	160,000		$	150,000

Major assumptions used in calculations

Major assumptions used in the above calculations include:

	2015			2014
Discount rate		1.50	%		3.40	%
Expected return on assets		1.50	%		3.40	%
Expected rate of increase in future compensation:
General		2.5	%		2.5	%
Individual		0-3	%		0-3	%

The UK Defined Benefit Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Benefit payments in subsequent fiscal years

At March 31, 2015 we project the following benefit payments in subsequent fiscal years:

2016	$	-
2017		106,000
2018		-
2019		164,000
2020		-
2021 to 2025		729,000
	$	999,000

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:

	2015			2014
Changes in benefit obligations:
Projected benefit obligation, beginning of year	$	755,000		$	665,000
Service cost		5,000			5,000
Interest cost		34,000			33,000
Other		(5,000	)		(5,000	)
Actuarial result		119,000			(7,000	)
Foreign currency translation		(94,000	)		64,000
Projected benefit obligation, end of year	$	814,000		$	755,000
Changes in plan assets:
Plan assets, beginning of year	$	756,000		$	636,000
Contributions to plan		45,000			43,000
Management cost		(5,000	)		(5,000	)
Actual return on assets		21,000			19,000
Foreign currency translation		(87,000	)		63,000
Plan assets, end of year	$	730,000		$	756,000

Amount recognized in other comprehensive loss

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

	2015		2014
Unrecognized net losses (gross of deferred taxes)	$	228,000	$	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:

	2015		2014
Projected benefit obligation	$	814,000	$	755,000
Accumulated benefit obligation		814,000		755,000
Fair value of plan assets		730,000		756,000

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:

	2015			2014			2013
Gross service cost, net of employee contribution	$	5,000		$	5,000		$	5,000
Interest cost		34,000			33,000			35,000
Expected return on assets		(28,000	)		(21,000	)		(21,000	)
Amortization		5,000			7,000			15,000
Net periodic retirement cost	$	16,000		$	24,000		$	34,000

Major assumptions used in calculations

Major assumptions used in the above calculations include:

	2015			2014
Discount rate		3.40	%		4.60	%
Expected return on assets		2.60	%		3.70	%