11 .	RETIREMENT PLANS:

Defined Contribution Plan

The Company has a defined contribution retirement plan that covers substantially all of its employees and provides for a Company match of up to

50%

of the

first

of employee contributions to the plan, subject to certain limitations. The defined contribution retirement plan offers

investment options.

Defined Benefit Plans

The Company has

two

noncontributory defined benefit plans. Effective

2001,

both plans were frozen and participants were fully vested in their accrued benefits as of the date each plan was frozen. No additional participants can be added to the plans and no additional service can be earned by participants subsequent to the date the plans were frozen. The funding policy for both of these plans is based on current plan costs plus amortization of the unfunded plan liability. All current employees covered by these plans are now covered by the defined contribution retirement plan.

As of

December

31,

2016,

the Company had recorded, in accordance with the actuarial valuation, an accrued pension liability of

$1.9

million in Other long-term liabilities and an unrecognized actuarial loss, net of tax, of

$1.5

million in Accumulated other comprehensive loss. As of

December

31,

2015,

the Company had recorded, in accordance with the actuarial valuation, an accrued pension liability of

$1.9

million in Other long-term liabilities and an unrecognized actuarial loss, net of tax, of

$1.6

million in Accumulated other comprehensive loss. Additionally, as of

December

31,

2016

and

2015,

the projected and accumulated benefit obligation was

$6.5

million and

$6.4

million, respectively, and the fair value of plan assets was

$4.6

million and

$4.5

million, respectively.

The net periodic benefit cost for the years ended

December

31,

2016,

2015

and

2014

were

$0.4

million,

$0.4

million and

$0.2

million, respectively. The weighted average discount rates used to measure the projected benefit obligation were

3.74%

and

3.91%

as of

December

31,

2016

and

2015,

respectively.

The plan assets are invested in pooled separate accounts stated at fair value based on the daily net asset value of the account and are therefore not categorized in the fair value hierarchy. The expected weighted average long-term rate of return on plan assets was

7.5%

as of

December

31,

2016

and

2015.

Non-qualified Retirement Savings Plan

The Company has a deferred compensation plan that covered officers and selected highly compensated employees. This deferred compensation plan was frozen effective as of

December

31,

2016.

The deferred compensation plan generally matched up to

50%

of the

first

$10,000

of officer contributions to the plan and the

first

$5,000

of other selected highly compensated employee contributions, subject to certain limitations. It also provided officers with a Company funded component with a retirement target benefit, until this component of the deferred compensation plan was frozen in

2015.

The retirement target benefit amount was an actuarially estimated amount necessary to provide

35%

of final base pay after a

-year career with the Company or

of final base pay per year of service. The actual benefit, however, assumed an investment growth at

per year. Should the investment growth be greater than

8%,

the benefit will be more, but if it is less than

8%,

the amount will be less and the Company does not make up any deficiency. As of

December

31,

2016

and

2015,

$6.2

million and

$6.4

million, respectively, for the deferred compensation plan were recorded in Other assets and Other long-term liabilities.

Total expense for all retirement plans for the years ended

December

31,

2016,

2015

and

2014

was

$1.4

million,

$1.5

million and

$1.8

million, respectively.