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Employee Retirement and Benefit Plans | 12 Months Ended
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Dec. 31, 2018
Compensation And Retirement Disclosure [Abstract] |
Employee Retirement Plans | Note 11 – Employee Retirement and Benefit Plans Defined contribution employee savings plans Effective November 1, 2018 the Company combined its two qualified defined contribution employee savings plans. The Company’s qualified defined contribution employee savings plan allows eligible participants to defer, within prescribed limits, up to 75% of their income on a pre-tax basis through a portion of their salary and accumulate tax-deferred earnings as a retirement fund. The Company contributed approximately $0.2 million, $0.2 million and $0.3 million to its defined contribution employee savings plan during the years ended December 31, 2018, 2017 and 2016, respectively. The Company’s contributions vest over a five-year period. Pension plans As of December 31, 2018, approximately 2,000 of the Company’s employees were members of various unions and covered by union-sponsored, collectively bargained, multiemployer health and welfare and defined benefit pension plans. The Company recorded $11.0 million and $2.1 million in expenses for these plans for the year ended December 31, 2018 and 2017, respectively. The Company did not incur any expenses for these plans during the year ended December 31, 2016. The Company has no obligation to fund the plans beyond payments made based upon hours worked. The risks of participating in multiemployer plans are different from single-employer plans, including in the following aspects:
| • | Assets contributed to multiemployer plans by one employer may be used to provide benefits to employees of other participating employers;
| • | If a participating employer stops contributing to a multiemployer plan, the unfunded obligations of the multiemployer plan may be required to be borne by the remaining participating employers; and
| • | If an entity chooses to stop participating in some of its multiemployer plans, the entity may be required to pay those plans an amount based on the underfunded status of those plans, referred to as a “withdrawal liability.”
The Company considers the following multiemployer pension plans to be significant:
|  |  |  |  |  |  |  | FIR/RP |  |  |  | Expiration Date
|  |  |  | Pension Protection |  | Status |  |  |  | Of Collective-
|  |  |  | Zone Status (1) |  | Pending/ |  | Surcharge |  | Bargaining
Multiemployer Pension Plans |  | EIN/Plan Number |  | 2017 |  | 2016 |  | Implemented |  | Imposed |  | Agreement
Central Pension Fund of the IUOE and Participating Employers |  | 36-6052390-001 |  | Green |  | Green |  | No |  | No |  | 3/31/2018 and 3/31/2020
Southern Nevada Culinary and Bartenders Pension Plan |  | 88-6016617-001 |  | Green |  | Green |  | No |  | No |  | 5/31/2023
(1) | The Pension Protection Act of 2006 requires plans that are certified as endangered (yellow) or critical (red) to develop and implement a funding improvement plan.
The Company’s contributions to each multiemployer pension and benefit plans are as follows:
|  | December 31, |
(In thousands) |  | 2018 |  |  | 2017 |
Multiemployer pension plans |  |  |  |  |  |  |  |
Central Pension Fund of the IUOE and Participating Employers |  | $ | 753 |  |  | $ | 165 |
Southern Nevada Culinary and Bartenders Pension Plan |  |  | 2,003 |  |  |  | 453 |
Other pension plans |  |  | 191 |  |  |  | 45 |
Total contributions |  | $ | 2,947 |  |  | $ | 663 |
Multiemployer benefit plans (excluding pension plans) |  |  |  |  |  |  |  |
HEREIU Welfare Fund |  | $ | 7,807 |  |  | $ | 1,691 |
All other |  |  | 6 |  |  |  | 2 |
Total contributions |  | $ | 7,813 |  |  | $ | 1,693 |
For the 2017 plan year, the latest period for which plan data is available, the Company made less than 5% of total contributions for all multiemployer pension plans to which the Company contributes.

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