EMPLOYEE BENEFIT PLANS

12 Months Ended

Mar. 31, 2019

EMPLOYEE BENEFIT PLANS [Abstract]

Employee Benefit Plans

EMPLOYEE BENEFIT PLANS

The Company has a defined contribution benefit plan under Section 401(k) of the Internal Revenue Code, which covers substantially all U.S. employees. Eligible employees may contribute pre-tax amounts to the plan through payroll withholdings, subject to certain limitations. Under the plan, the Company matches 50% of the first 6% of employees' compensation and provides a non-elective Company contribution equal to 3% of base salary. All matching contributions are currently 100% vested immediately. Effective January 1, 2019, the policy was modified, whereby the Company matches 100% of the first 3% of employees' compensation and matches 50% of the second 3% of employee compensation. There is no longer any non-elective Company contribution. The Company reserves the right to modify its policies at any time, including increasing, decreasing, or eliminating contribution matching and vesting requirements. Total Company contributions in Fiscal Years 2017, 2018, and 2019 were $4.2 million, $4.5 million, and $7.1 million, respectively.