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Employee Benefits
12 Months Ended
Dec. 31, 2013
Employee Benefits [Abstract]  
Employee Benefits

Note 8 Employee Benefits

 

The Company sponsors a Section 401(k) plan (the “Plan”) covering substantially all its eligible U.S. employees. The Plan entitles eligible employees to make contributions to the Plan after meeting certain eligibility requirements. Contributions are limited to the maximum contribution allowances permitted under the Internal Revenue Code. The Company matches 50% of the employee contributions up to a maximum of $3 of the employees contributions, as set forth in the Plan. The Company may also make discretionary contributions to the Plan, which would be allocable to participants in accordance with the Plan.

 

The Company sponsors a Z Corporation 401(k) plan (the “Z Corp Plan”) covering employees of Z Corporation, which was acquired in 2012. The Z Corp Plan entitles eligible employees to make contributions to the Z Corp Plan after meeting certain eligibility requirements. Contributions are limited to the maximum contribution allowances permitted under the Internal Revenue Code. The Company matches 50% of the first 6% of the employee’s 401(k) contributions, as set forth in the Z Corp Plan. The Company may also make discretionary contributions to the Plan, which would be allocable to participants in accordance with the Plan.

The Company sponsors a Vidar Systems Corporation Retirement Savings Plan (the “Vidar Plan”) covering employees of Vidar Corporation, which was acquired in 2012. The Vidar Plan entitles eligible employees to make contributions to the Vidar Plan after meeting certain eligibility requirements. Contributions are limited to the maximum contribution allowances permitted under the Internal Revenue Code. The Company matches 50% of employee contributions up to a maximum of 6% of the employee’s pay, as set forth in the Z Corp Plan. The Company may also make discretionary contributions to the Plan, which would be allocable to participants in accordance with the Plan.

 

The Company sponsors a Rapidform 401(k) plan (the “Rapidform Plan”) covering employees of Rapidform, Inc., which was acquired in 2012. The Rapidform Plan entitles eligible employees to make contributions to the Rapidform Plan after meeting certain eligibility requirements. Contributions are limited to the maximum contribution allowances permitted under the Internal Revenue Code. The Company matches up to a maximum of $4.5 of the employee’s 401(k) contributions, as set forth in the Rapidform Plan. The Company may also make discretionary contributions to the Plan, which would be allocable to participants in accordance with the Plan.

 

For the years ended December 31, 2013, 2012 and 2011, the Company expensed $527, $489 and $241, respectively, for matching contributions to the Plan.