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Note 15 - Employee Benefit Plans | 12 Months Ended
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Dec. 31, 2016
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, $1.8 million and $1.3 million for the years ended December 31, 2016, 2015 and 2014, respectively. As of December 31, 2016, the Company had approximately 1,684 employees, including 1,364 field personnel. Of our 1,364 field employees, 366, or 22% of total employees, were union members primarily in Nevada, Arizona, California and Hawaii and covered by collective bargaining agreements. The Company contributes to a number of multi-employer defined benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees. The risks of participating in these multi-employer plans are different from single-employer plans in the following aspects:
| · | Assets contributed to the multi-employer 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 multi-employer 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 Plan Employer |  | Pension Protection Act (“PPA”) Certified Zone Status 1 |  | FIP / RP Status |  | Contributions |  | Surcharge Imposed |  | Expiration Date of Collective Bargaining Agreement 3
Pension Trust Fund |  | Identification Number |  | 2016 |  | 2015 |  | Pending / Implemented 2 |  | 2016 |  | 2015 |  | 2014 |  |  |  |
Pension Trust Fund for Operating Engineers Pension Plan |  | 94-6090764 |  | Red |  | Red |  | Yes |  | $ | 2,145 |  |  | $ | 2,151 |  |  | $ | 1,757 |  |  | No |  | Various
Laborers Pension Trust for Northern California |  | 94-6277608 |  | Yellow |  | Yellow |  | Yes |  |  | 1,059 |  |  |  | 966 |  |  |  | 1,447 |  |  | No |  | Various
Carpenter Funds Administrative Office |  | 94-6050970 |  | Red |  | Red |  | Yes |  |  | 636 |  |  |  | 842 |  |  |  | 1,015 |  |  | No |  | Various
Cement Mason Pension Trust Fund For Northern California |  | 94-6277669 |  | Yellow |  | Yellow |  | Yes |  |  | 311 |  |  |  | 371 |  |  |  | 322 |  |  | No |  | Various
All other funds 4 |  |  |  |  |  |  |  |  |  |  | 8,487 |  |  |  | 10,204 |  |  |  | 6,267 |  |  |  |  |
|  |  |  |  |  |  |  | Total Contributions: |  | $ | 12,638 |  |  | $ | 14,534 |  |  | $ | 10,808 |  |  |  |  |
1 The most recent PPA zone status available in 2016 and 2015 is for the plan’s year-end during 2015 and 2014, 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 multi-employer plans for pensions and other employee benefits. The total individually insignificant multi-employer pension costs contributed were $1.2 million, $1.5 million and $0.9 million for 2016, 2015 and 2014, 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.

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