Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plan

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Employee Benefit Plan
12 Months Ended
Apr. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plan

(9) 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 $180,000, $201,000 and $248,000 in 2014, 2013 and 2012, respectively.