XML 36 R21.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 12 - Retirement Plans | 12 Months Ended
--- | ---
Dec. 31, 2017
Notes to Financial Statements |
Pension and Other Postretirement Benefits Disclosure [Text Block] |
12 . | 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 6% of employee contributions to the plan, subject to certain limitations. The defined contribution retirement plan offers 24 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, 2017 and 2016, the Company had recorded, in accordance with the actuarial valuations, an accrued pension liability of $1.7 million and $1.9 million, respectively, in Other long-term liabilities and an unrecognized actuarial loss, net of tax, of $1.4 million and $1.5 million, respectively, in Accumulated other comprehensive loss. Additionally, as of December 31, 2017 and 2016, the projected and accumulated benefit obligation was $6.6 million and $6.5 million, respectively, and the fair value of plan assets was $4.9 million and $4.6 million, respectively. The ne t periodic benefit cost for the years ended December 31, 2017, 2016 and 2015 was approximately $0, $0.4 million and $0.4 million, respectively. The weighted-average discount rates used to measure the projected benefit obligation were 3.36% and 3.74% as of December 31, 2017 and 2016, 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, 2017 and 2016. Non-qualified Retirement Savings Plan The Company has a deferred compensation plan that covered officers and selected highly compensated employees until it was frozen in 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 35 -year career with the Company or 1% of final base pay per year of service. The actual benefit, however, assumed an investment growth at 8% 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, 2017 and 2016, $6.2 million for the deferred compensation plan was recorded in Other assets and Other long-term liabilities. Total expense for all retirement plans for the years ended December 31, 2017, 2016 and 2015 was $0.9 million, $1.4 million and $1.5 million, respectively. Included in these amounts was $0.1 million reported in Loss from operations of discontinued operations for the year ended December 31, 2015.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration