Employee Benefits (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Contributions Made to Defined Contribution Plan

The Company matches 175% up to 6% of employee contributions of eligible compensation. Additionally, Plan participant forfeitures are used to reduce the cost of the Company contributions.


	Three months ended
	March 31, 2020		March 31, 2019
	(in thousands)
Contributions made to the defined contribution plan	$	2,450	$	1,360

Schedule of Profit Sharing Bonus Plan

We maintain a discretionary profit sharing bonus plan under which approximately 10% of pre-tax profit is paid to eligible employees on a quarterly basis in order to reward employee productivity. Eligible employees are regular full-time employees who are actively employed and working on the first and last days of the calendar quarter and who were employed full-time for at least three full months prior to the beginning of the calendar quarter, excluding the Company's senior leadership team.


	Three months ended
	March 31, 2020		March 31, 2019
	(in thousands)
Profit sharing bonus plan expense	$	3,167	$	1,306

Schedule of Employee Medical Plan

We self-insure for our employees' health insurance. Eligible employees are regular full-time employees who are actively employed and working. Participants are expected to pay a portion of the premium costs for coverage of the benefits provided under the Plan. We estimate our self-insurance liabilities using an analysis provided by our claims administrator and our historical claims experience. In addition, the Company matches 175% of a participating employee's allowed contributions to a qualified health saving account to assist employees with our heath insurance plan deductibles.


	Three months ended
	March 31, 2020		March 31, 2019
	(in thousands)
Medical claim payments	$	1,875	$	1,520
Health saving account payments	874		720