XML 23 R12.htm IDEA: XBRL DOCUMENT v3.19.1
Commitments and Contingencies (Notes)
3 Months Ended
Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies 6. Commitments and Contingencies

The Company carries retention policies for its workers’ compensation liability exposures. The workers' compensation loss reserves are based upon an actuarial study conducted by a third-party specialist. Changes in estimates and differences between estimates and the actual payments for claims are recognized in the period that the estimates change or the payments are made. The workers' compensation loss reserves were approximately $2.1 million and $2.4 million, at March 31, 2019 and December 31, 2018, net of anticipated insurance and indemnification recoveries of $15.2 million and $15.0 million, at March 31, 2019 and December 31, 2018, respectively. We have undrawn stand-by letters of credit outstanding to secure obligations for workers’ compensation claims with various insurance carriers. These stand-by letters of credit at March 31, 2019 and December 31, 2018 were $3.9 million and $4.4 million, respectively.

The Company’s deferred compensation plan liability was $10.2 million and $6.2 million at March 31, 2019 and December 31, 2018 and was included in other long-term liabilities. The Company established a rabbi trust to fund the deferred compensation plan (see Note 11. Fair Value Measurements).
Legal Proceedings

The Company is involved in various legal proceedings, claims and litigation arising in the ordinary course of business. The Company does not believe that the disposition of matters that are pending or asserted will have a material effect on its condensed consolidated financial statements.