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P. EMPLOYEE BENEFIT PLANS
12 Months Ended
Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE P—EMPLOYEE BENEFIT PLANS

 

On August 1, 2000, the Company established a 401(k) profit sharing plan covering employees meeting certain age and service requirements. The plan provides for discretionary Company contributions to be allocated based on the employee’s eligible contributions. The Company made contributions of $0.6 million, $0.4 million and $0.2 million to the 401(k) plan for the years ended December 31, 2016, 2015 and 2014, respectively.

 

Employees of Global participate in a state-mandated social security program in China. Under this program, pension costs are recorded on the basis of required monthly contributions to employees’ individual accounts during their service periods. Under the regulations of the People’s Republic of China, Global is required to make fixed contributions to a fund, which is under the administration of the local labor departments.

 

Employees of the Company’s Taiwan branch participate in a pension program under the Taiwan Labor Pension Act. Pension expense for Global was $0.6 million, $0.3 million and $0.4 million in the years ended for the year ended December 31, 2016, 2015 and 2014, respectively. Pension expense for the Company’s Taiwan branch was $0.8 million, $0.6 million and $0.4 million for the years ended December 31, 2016, 2015 and 2014, respectively.