Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plan

v2.4.0.8
Employee Benefit Plan
12 Months Ended
Apr. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plan

(10) Employee Benefit Plan

 

The Company has a defined contribution plan (the Plan) which is available to all qualified employees. Employees may elect to contribute a portion of their compensation to the Plan, subject to certain limitations. The Company contributes a percentage of the employee’s contribution, subject to a maximum of 4.5 percent. The Company’s matching contributions aggregated approximately $201,000, $248,000 and $301,000 in 2013, 2012 and 2011, respectively.