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Employee Benefit Plans
12 Months Ended
Dec. 31, 2016
Employee Benefit Plans [Abstract]  
Employee Benefit Plans

8. Employee Benefit Plans



The Company has certain defined contribution profit sharing and 401(k) plans covering substantially all of its employees in the United States and Europe. The Company provides matching contributions to the Company’s 401(k) plan. Company contributions are generally discretionary.  For the years ended December 31, 2016, 2015 and 2014, expenses related to these plans amounted to $1,601,  $1,487 and $1,280, respectively. 



The Company previously sponsored a post retirement benefit plan covering certain retirees. There was no remaining liability recorded as of December 31, 2016.



Long-Term Cash Incentive Plan



In March 2009, the Company adopted the Stoneridge, Inc. Long-Term Cash Incentive Plan (the “LTCIP”) and granted awards to certain officers and key employees.  Awards under the LTCIP provided recipients with the right to receive cash three years from the date of grant depending on the Company’s earnings per share performance for the defined performance period. If the participant voluntarily terminated employment or was discharged for cause, as defined in the LTCIP, the award would be forfeited.  In May 2009, the LTCIP was approved by the Company’s shareholders.



The Company granted Phantom Share awards under the LTCIP in 2013 that vested in February 2016 and were paid in March 2016 based on the Company’s earnings per share performance for each fiscal year of 2013, 2014 and 2015.  As of December 31, 2016 and 2015, the Company has recorded a liability of $0 and $808 for the performance based awards granted under the LTCIP which was included on the consolidated balance sheet as a component of accrued expenses and other current liabilities. There were no performance based awards granted under the LTCIP during the years ended December 31, 2016, 2015 or 2014.