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EMPLOYEE BENEFIT PLANS
3 Months Ended
Mar. 31, 2018
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE 6 - 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 $0.8 million and $1.0 million for the three ended March 31, 2018 and April 1, 2017, respectively. The Company plans to contribute approximately $2.4 million to the plan in matching employee contributions during the remainder of 2018.

 

In addition, the Company provided supplemental discretionary contributions to the 401(k) plan totaling $1.3 million and $1.9 million for the three months ended March 31, 2018 and April 1, 2017, respectively. The Company plans to contribute approximately $4.0 million in supplemental contributions to the plan during the remainder of 2018.