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EMPLOYEE BENEFIT PLANS | 12 Months Ended
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Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract] |
EMPLOYEE BENEFIT PLANS | EMPLOYEE BENEFIT PLANS Defined Contribution Plan We offer our eligible employees the opportunity to contribute to a 401(k) plan (“401(k) Plan”). Under the provisions of the 401(k) Plan participants may direct us to defer a portion of their compensation to the 401(k) Plan, subject to Internal Revenue Code limitations. We provide an employer matching contribution equal to fifty cents for every dollar an employee invests in the 401(k) Plan up to our maximum match of one thousand dollars per employee per calendar year, subject to revision. Participants vest in employer contributions ratable over a three year period. Employer contributions for fiscal year 2016, fiscal year 2015, transition period 2014 and fiscal year 2014 amounted to $1,119, $1,033, $497 and $784, respectively. Employee Stock Purchase Plan We offer our eligible employees the opportunity to participate in an employee stock purchase plan. Under this plan, qualified employees may purchase shares of Class A common stock by payroll deduction at a 15% discount from the market price. During fiscal year 2016, fiscal year 2015, transition period 2014 and fiscal year 2014 70, 80, 79 and 70 shares, respectively, of Class A common stock were issued under this plan. As of December 31, 2016, 184 shares of Class A common stock were available for distribution under this plan. Multiemployer Pension Plan We make contributions to a multiemployer defined benefit pension plan, the New England Teamsters and Trucking Industry Pension Fund, under the terms of a collective bargaining agreement that covers our union represented employees. The Pension Plan provides retirement benefits to participants based on their service to contributing employers. We do not administer this plan. The risks of participating in a multiemployer plan are different from a single-employer plan in that (i) assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees or former employees of other participating employers; (ii) if a participating employer stops contributing to the plan, the unfunded obligations of the plan may be required to be assumed by the remaining participating employers; and (iii) if we choose to stop participating in our multiemployer plan, we may be required to pay the plan a withdrawal amount based on the underfunded status of the plan. The following table outlines our participation in the multiemployer defined benefit pension plan:
Pension Fund |  | EIN/Pension Plan Number |  | Pension Protection Act Zone Status |  | Funding Improvement or Rehabilitation Plan Status |  | Contributions to Plan |  | Expiration Date of CBA
|  |  |  | Fiscal Year Ended December 31, |  | Eight Months Ended December 31, 2014 |  | Fiscal Year Ended April 30, 2014 |
|  | 2016 |  | 2015 |  |  | 2016 |  | 2015 |  |  |
New England Teamsters and Trucking Industry Pension Fund |  | 04-6372430 |  | Critical |  | Critical |  | Implemented |  | $ | 523 |  |  | $ | 413 |  |  | $ | 244 |  |  | $ | 303 |  |  | 6/30/20
The status is based on the latest plan information for the plan year ended September 30, 2016 that we received from the pension plan and is certified by the pension plans’ actuary. Plans with a “critical” status are funded at less than 65%. Our contributions to the multiemployer pension plan represent less than 5% of total contributions to such plan for the plan year ended September 30, 2015 and a rehabilitation plan has been implemented with no surcharge imposed. Under current law regarding multiemployer benefit plans, a plan’s termination, our voluntary withdrawal, or the withdrawal of all contributing employers from any under-funded multiemployer pension plan would require us to make payments to the plan for our proportionate share of the multiemployer plan’s unfunded vested liabilities. We could have adjustments to estimates for these matters in the near term that could have a material effect on its consolidated financial position, results of operations or cash flows. At the date these financial statements were issued, a Form 5500 was not available for the plan year ended September 30, 2016.

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