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EMPLOYEE BENEFIT PLANS
3 Months Ended
Apr. 02, 2016
EMPLOYEE BENEFIT PLANS [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE 5 - EMPLOYEE BENEFIT PLANS

   

The Company sponsors a 401(k) plan that covers substantially all employees. The Company matches a certain portion of employee contributions using the safe harbor guidelines contained in the Internal Revenue Code. Expenses related to these matching contributions totaled $1.0 million and $0.7 million for the three months ended April 2, 2016 and March 28, 2015, respectively. The Company plans to contribute approximately $3.0 million to the plan in matching employee contributions during the remainder of 2016.

 

In addition, the Company provided supplemental discretionary contributions to the 401(k) plan totaling $1.7 million and $1.2 million for the three months ended April 2, 2016, and March 28, 2015, respectively. The Company plans to contribute approximately $3.5 million in supplemental contributions to the plan during the remainder of 2016.