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

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.

additional participants can be added to the plans and

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,

2018

and

2017,

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

$1.7

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

$1.6

million and

$1.4

million, respectively, in Accumulated other comprehensive loss. Additionally, as of

December

31,

2018

and

2017,

the projected and accumulated benefit obligation was

$6.1

million and

$6.6

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

$4.4

million and

$4.9

million, respectively.

The net periodic benefit cost for the years ended

December

31,

2018,

2017,

and

2016

was approximately

$0,

and

$0.4

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

3.98%

and

3.36%

as of

December

31,

2018

and

2017,

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,

2018

and

2017.

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. As of

December

31,

2018

and

2017,

deferred compensation plan balances of

$4.7

million and

$6.2

million, respectively, were recorded in Other assets and Other long-term liabilities.

Total expense for all retirement plans for the years ended

December

31,

2018,

2017,

and

2016

was

$0.9

million,

$0.9

million, and

$1.4

million, respectively.