Retirement and Profit Sharing Plans

12 Months Ended

Jun. 30, 2014

Retirement and Profit Sharing Plans

Retirement and Profit Sharing Plans

(9) Retirement and Profit Sharing Plans

        We maintain a defined contribution retirement plan under Section 401(k) of the IRC covering all eligible employees, as defined. Under the plan, a participant may elect to defer receipt of a stated percentage of his or her compensation, subject to limitation under the IRC, which would otherwise be payable to the participant for any plan year. We may make discretionary contributions to this plan, including making matching contributions of 50%, up to a maximum of 6% of an employee's pretax contribution. We made matching contributions of approximately $2.0 million, $1.9 million and $1.8 million in fiscal 2014, 2013 and 2012, respectively. Additionally, we participate in certain government mandated and defined contribution plans throughout the world for which we comply with all funding requirements.