Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plan

v2.4.0.6
Employee Benefit Plan
12 Months Ended
Jan. 31, 2012
Employee Benefit Plan

15. Employee Benefit Plan

 

We sponsor a 401(k) retirement savings plan (the “Plan”). Participation in the Plan is available to full-time employees who meet eligibility requirements. Eligible employees may contribute up to 25% of their annual salary, subject to certain limitations. We matched contributions up to 50% of the first 6% of compensation. During fiscal 2012, 2011 and 2010, we contributed $1.2 million, $1.3 million and $1.4 million, respectively. We also contribute to various retirement plans in its international subsidiaries, of which the amounts will vary, according to the local plans specific to each foreign location.