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Employee Benefit and Bonus Plans | 12 Months Ended
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Dec. 31, 2016
Compensation And Retirement Disclosure [Abstract] |
Employee Benefit and Bonus Plans |
(12) | Employee Benefit and Bonus Plans
The employees of the Company are eligible to participate in a 401(k) plan sponsored by the Company. The plan is a defined contribution 401(k) Savings and Profit Sharing Plan (the “Plan”) that covers all full-time employees who meet certain age and service requirements. The Company may provide discretionary contributions to the Plan as determined by the Board of Directors. For the years ended December 31, 2016 and 2015, the Company made no contributions to the Plan. The Company maintains an “Executive Performance” bonus plan, which covers approximately 43 key employees. Under the plan, the participants receive a percentage of a bonus pool based primarily on pre-tax income in relation to budget. The Board of Directors approves the Executive Performance plan at the beginning of each year. During the years ended December 31, 2016 and 2015, the Company recorded approximately $0.49 million and $0.46 million under the plan, respectively.

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