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Note 18 - Employee Benefits | 12 Months Ended
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Mar. 31, 2017
Notes to Financial Statements |
Compensation and Employee Benefit Plans [Text Block] |
18. | EMPLOYEE BENEFITS
The Company has a 401 (k) defined contribution plan covering domestic employees and an 1165 (E) defined contribution plan covering Puerto Rico based employees (“Plans”). All employees of the Company are immediately eligible to participate in the Plans. The Company’s contribution to the Plans for the years ended March 31, 2017 and 2016 was approximately $529,000 and $376,000, respectively, and was recorded in the consolidated statements of income (loss). The Company, in each of the past three years, has paid a discretionary profit sharing bonus in which all employees have participated. Profit sharing expense in fiscal 2017 and 2016 was approximately $390,000 and $1,748,000, respectively, and was recorded in general and administrative expenses in the consolidated statements of income (loss). In addition, Delphax has a defined contribution salary deferral plan covering substantially all U.S. employees under Section 401 (k) of the Internal Revenue Code. The plan allows eligible employees to make contributions up to the maximum amount provided under the Code. De lphax contributes an amount equal to 50% of the participants’ before-tax contributions up to 6% of base salary. The employer contribution vests after the employee has completed three years of eligible service. There was no contribution made by Delphax during the fiscal year 2017 compared to $15,000 period from November 24, 2015 through March 31, 2016. Delphax has canceled its 401 (k) program earlier in the fiscal year 2017. Delphax also has a defined contribution plan covering substantially all Canadian employees. Canadian employees contribute 2% of gross salary to the plan, and Delphax makes a contribution to the plan of 3% or 4% of gross salary depending on employee classification. The employer contribution vests over two years. The contribution made by Delphax during the fiscal year 2017 was $78,000 compared to $41,000 during the period from November 24, 2015 through March 31, 2016.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -URI http://asc.fasb.org/topic&trid=2197446 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -URI http://asc.fasb.org/topic&trid=2127225 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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