Note 6 - Deferred Compensation and Long-Term Incentive Plan

9 Months Ended

Sep. 30, 2015

Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 6. Deferred Compensation and Long-Term Incentive Plan

We offer a deferred compensation and long-term incentive plan (the “LTIP”) to provide certain employees the ability to accumulate assets for retirement on a tax-deferred basis. We may make discretionary contributions to the LTIP. Discretionary contributions vest over one to seven years depending on the employee’s age and position. Additionally, a participant may defer a portion of his or her compensation and receive the deferred amount upon certain events, including termination or retirement. The following is a summary related to our LTIP (dollars in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Compensation expense	$	450		$	381		$	1,369		$	1,458
Discretionary contribution		-			350			2,249			2,450
Guaranteed annual return		5.25	%		5.25	%		5.25	%		5.25	%

As of September 30, 2015 and December 31, 2014, the balance due to participants was $17.7 million and $14.2 million, respectively, and was included as a component of accrued liabilities and other long-term liabilities in the Consolidated Balance Sheets.