Annual report pursuant to Section 13 and 15(d)

Employee Benefits

v2.4.0.6
Employee Benefits
12 Months Ended
Mar. 31, 2013
Employee Benefits [Abstract]  
Employee Benefits
Employee Benefits

The Company has defined contribution plans covering substantially all domestic employees and certain foreign subsidiary employees who meet certain service and eligibility requirements. Participant benefits are 100% vested upon participation. The Company matches employee contributions, limited to 50% of the first 6% of each employee's salary contributed. The Company's matching contributions to defined contribution plans on a consolidated basis were approximately $1,458, $1,357, $673 and $125 in fiscal 2013, fiscal 2012, the period ended May 1, 2010 to March 31, 2011 and the period from April 1 to April 30, 2010, respectively.

The Company has an incentive compensation program to provide employees with incentive pay based on the Company's ability to achieve certain profitability objectives. The Company recorded approximately $4,268, $6,943, $5,131, and $273, for incentive compensation earned in fiscal 2013, fiscal 2012, the period ended May 1, 2010 to March 31, 2011 and the period from April 1 to April 30, 2010, respectively.

The Company paid a bonus totaling $3,545 to certain employees in connection with the CHS Transactions, which is included as miscellaneous expense in the period from April 1, 2010 to April 30, 2010.