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Incentive and Deferred Compensation Plans
12 Months Ended
Dec. 31, 2017
Compensation Related Costs [Abstract]  
Incentive and Deferred Compensation Plans Incentive and Deferred Compensation Plans

2017 Annual Incentive Plan. The 2017 Annual Incentive Plan (“AIP”) incorporated quantitative performance measures, strategic qualitative goals and competitive target award levels for management and employees for the 2017 performance year. Potential payout percentages ranged from 0% to 200% of specified target levels based on actual performance. As of December 31, 2017, the Company had accrued approximately $10.8 million for the AIP for all employees, including an accrual for specified members of management. Payments will be made based on actual performance as determined by the Board of Directors relative to the targets specified in the plan in the first quarter of 2018.

Performance Incentive Plan. In January 2016, the Company implemented a performance incentive plan. The plan replaced, on a prospective basis, the Company’s previous annual incentive plan, including long-term incentive awards, and provided for quarterly cash payments at a target percentage to participants based upon corporate performance goals with aggregate annual payout opportunity ranging from 0% to 200%. The first three quarterly cash payments were limited to no greater than target payouts with a cash make up payment for above target performance based on the Company’s annual performance results to be made in the first quarter of 2017. Under this plan, the Predecessor Company paid out approximately $17.8 million during the first two quarters of 2016 and the Successor Company paid out approximately $7.1 million during the fourth quarter of 2016 and approximately $15.8 million during the first quarter of 2017.
    
401(k) Plan. The Company maintains a 401(k) retirement plan for its employees. Under this plan, eligible employees may elect to defer a portion of their earnings up to the maximum allowed by Internal Revenue Service (“IRS”) regulations. For the year ended December 31, 2017, the Successor Company made matching contributions to the plan equal to 100% on the first 10% of employee deferred wages, excluding incentive compensation, totaling $3.6 million. For the Successor 2016 Period, the Successor Company made matching cash contributions to the plan equal to 100% on the first 10% of employee deferred wages for the period totaling $0.9 million. For the Predecessor 2016 Period, the Predecessor Company made matching cash contributions to the plan equal to 100% on the first 10% of employee deferred wages for the period totaling $4.9 million. For the year ended
December 31, 2015, the Predecessor Company made matching contributions to the plan through cash purchases of Predecessor Company stock equal to 100% on the first 10% of employee deferred wages. Retirement plan expense for the years ended December 31, 2015 was approximately $7.9 million. Participants in the plan are immediately 100% vested in the discretionary employee contributions and related earnings on those contributions. The Company's matching contributions and related earnings vest based on years of service, with full vesting occurring on the fourth anniversary of employment.

Deferred Compensation Plans. The Company maintained a non-qualified deferred compensation plan that allowed eligible highly compensated employees to elect to defer income exceeding the IRS annual limitations on qualified 401(k) retirement plans through December 31, 2016. The Predecessor Company made insignificant matching contributions on non-qualified contributions for the Successor 2016 Period, the Predecessor 2016 Period and years ended December 31, 2015 and 2014. On December 31, 2016, the Successor Company began the process of terminating the non-qualified deferred compensation plan. No employee or employer contributions were made to the plan after December 31, 2016 and in accordance with the plan termination procedures, the remaining assets held in the plan, of approximately $5.1 million as of December 31, 2017, were fully distributed to participating employees during the first quarter of 2018.