NOTE 10 – EMPLOYEE BENEFIT PLANS:

The components of pension (income) cost are as follows:

The Company made contributions to its defined benefit pension plan of $30 during the nine months ended December 31, 2018 and does not expect to make contributions to the plan for the balance of fiscal 2019.

The components of the postretirement benefit cost are as follows:

The Company paid no benefits related to its postretirement benefit plan during the nine months ended December 31, 2018.  The Company expects to pay benefits of approximately $83 for the balance of fiscal 2019.

The Company self-funds the medical insurance coverage it provides to its U.S. based employees.  The Company maintains a stop loss insurance policy in order to limit its exposure to claims.  The liability of $134 and $122 on December 31, 2018 and March 31, 2018, respectively, related to the self-insured medical plan is primarily based upon claim history and is included in the caption “Accrued compensation” as a current liability in the Condensed Consolidated Balance Sheets.