Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plan

v3.19.1
Employee Benefit Plan
12 Months Ended
Dec. 31, 2018
Postemployment Benefits [Abstract]  
Employee Benefit Plan Note 15 - Employee Benefit Plan The Company sponsors a defined contribution 401(k) plan (the “401(k) Plan”) in which substantially all U.S. employees are eligible to participate. The Company match was suspended in May 2016 and resumed in May 2017. During 2018 and 2017 the Company matched 25.0 percent of each participant’s pre-tax contributions in an amount not exceeding 6.0 percent of the participant’s compensation, up to the maximum amount of contributions allowed by law. The costs of matching contributions to the 401(k) Plan were $0.6 million, $0.7 million and $1.1 million in 2018, 2017 and 2016, respectively. 401(k) Plan participants hired prior to July 2017 become 100.0 percent vested immediately in the Company’s matching contributions, and 401(k) Plan participants hired after July 2017 become vested on a pro-rata basis over three years.