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Note 15 - Employee Benefit Plans
12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Pension and Other Postretirement Benefits Disclosure [Text Block]
15. Employee Benefit Plans
The Company maintains two defined contribution profit-sharing plans (401(k) plans) covering substantially all non-union persons employed by the Company, whereby employees may contribute a percentage of compensation, limited to maximum allowed amounts under the Internal Revenue Code. The Plans provide for discretionary employer contributions, the level of which, if any, may vary by subsidiary and is determined annually by each company’s board of directors. The Company made aggregate matching contributions of $1.8 million, $1.3 million and $1.1 million for the years ended December 31, 2015, 2014 and 2013, respectively.
 
The Company contributes to a number of multiemployer defined benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees. The risks of participating in these multiemployer plans are different from single-employer plans in the following aspects:
·
Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers. If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers.
·
If the Company chooses to stop participating in some of its multiemployer plans, the Company may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability.
The following table presents our participation in these plans (amounts in thousands):
Pension Trust   Pension Plan
Employer
Identification
 
Pension Protection Act (“PPA”) Certified Zone Status
1
  FIP / RP Status Pending /   Contributions   Surcharge   Expiration Date of Collective Bargaining
Fund   Number   2015   2014   Implemented
2
  2015   2014   2013   Imposed   Agreement
3
Pension Trust Fund for Operating Engineers Pension Plan   94-6090764     Red       Red     Yes   $ 2,151     $ 1,757     $ 1,654       No     Various
Laborers Pension Trust for Northern California   94-6277608     Yellow       Yellow     Yes     966       1,447       897       No     Various
Carpenter Funds Administrative Office   94-6050970     Red       Red     Yes     842       1,015       759       No     Various
Cement Mason Pension Trust Fund For Northern California   94-6277669     Yellow       Yellow     Yes     371       322       517       No     Various
All other funds                             10,204       6,267       2,608             Various
Total Contributions:                           $ 14,533     $ 10,808     $ 6,435              
 
1
The most recent PPA zone status available in 2015 and 2014 is for the plan’s year-end during 2014 and 2013, respectively. The zone status is based on information that we received from the plan and is certified by the plan’s actuary. Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the orange zone are less than 80 percent funded and have an Accumulated Funding Deficiency in the current year or projected into the next six years, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded.
2
Indicates whether the plan has a financial improvement plan (“FIP”) or a rehabilitation plan (“RP”) which is either pending or has been implemented.
3
Lists the expiration date(s) of the collective-bargaining agreement(s) to which the plans are subject.
4
These funds include multiemployer plans for pensions and other employee benefits. The total individually insignificant multiemployer pension costs contributed were $1.5 million, $0.9 million and $0.6 million for 2015, 2014 and 2013, respectively, and are included in the contributions to all other funds along with contributions to other types of benefit plans. Other employee benefits include certain coverage for medical, prescription drug, dental, vision, life and accidental death and dismemberment, disability and other benefit costs.
We currently have no intention of withdrawing from any of the multi-employer pension plans in which we participate.