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Employee Benefit Plans | 12 Months Ended
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Dec. 31, 2016
Postemployment Benefits [Abstract] |
Employee Benefit Plans | Employee Benefit Plans U.S. Benefit Plans 401(k) Savings and Investment Plan. Frank's International, LLC administers a 401(k) savings and investment plan (the “Plan”) as part of the employee benefits package. Employees are required to complete one month of service before becoming eligible to participate in the Plan. Under the terms of the Plan, we match 100% of the first 3% of eligible compensation an employee contributes to the Plan up to the annual allowable IRS limit. Additionally, the Company provides a 50% match on any employee contributions between 4% to 6% of eligible compensation. Our matching contributions to the Plan totaled $3.8 million, $3.4 million and $3.5 million for the years ended December 31, 2016, 2015 and 2014, respectively. Executive Deferred Compensation Plan. In December 2004, we and certain affiliates adopted the Frank’s Executive Deferred Compensation Plan (the “EDC Plan”). The purpose of the EDC Plan is to provide participants with an opportunity to defer receipt of a portion of their salary, bonus, and other specified cash compensation. Participant contributions are immediately vested. Our contributions vest after five years of service. All participant benefits under this EDC Plan shall be paid directly from the general funds of the applicable participating subsidiary or a grantor trust, commonly referred to as a Rabbi Trust, created for the purpose of informally funding the EDC Plan, and other than such Rabbi Trust, no special or separate fund shall be established and no other segregation of assets shall be made to assure payment. The assets of our EDC Plan’s trust are invested in a corporate owned split-dollar life insurance policy and an amalgamation of mutual funds (See Note 7). We recorded compensation expense related to the vesting of the Company’s contribution of $1.7 million, $1.9 million and $2.3 million for the years ended December 31, 2016, 2015 and 2014, respectively. The total liability recorded at December 31, 2016 and 2015, related to the EDC Plan was $31.1 million and $43.6 million, respectively, and was included in other noncurrent liabilities on the consolidated balance sheets. Foreign Benefit Plans We sponsor certain benefit plans as dictated by host country law. We recorded expense related to foreign benefit plans of $4.2 million, $5.5 million and $6.6 million for the years ended December 31, 2016, 2015 and 2014, respectively.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References No definition available. + Details
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- References No definition available. + Details
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