XML 52 R13.htm IDEA: XBRL DOCUMENT v3.20.1
EMPLOYEE BENEFIT PLANS
3 Months Ended
Mar. 28, 2020
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE 7 — 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 $0.9 million for the three months ended March 28, 2020, and $1.2 million for the three months ended March 30, 2019. The Company plans to contribute approximately $2.7 million to the plan in matching employee contributions during the remainder of 2020.

In addition, the Company provided supplemental discretionary contributions to the 401(k) plan totaling $1.5 million for the three months ended March 28, 2020, and $1.7 million for the three months ended March 30, 2019. The Company plans to contribute approximately $4.0 million in supplemental contributions to the plan during the remainder of 2020.