Deferred Compensation Plans

12 Months Ended

Dec. 31, 2015

Compensation And Retirement Disclosure [Abstract]

Deferred Compensation Plans

16. Deferred Compensation Plans

The Company, through its U.S. and U.K. subsidiaries, offers its employees the opportunity to invest in defined contribution plans. For the years ended December 31, 2015, 2014 and 2013, the Company contributed $1.9 million, $1.8 million and $1.7 million, respectively, to the plans.

In 2015, the Company adopted a non-qualified deferred cash incentive plan for certain officers and other employees. Under the plan, eligible employees may defer up to 100% of their annual cash incentive pay.  The Company has elected to fund its deferred compensation obligations through a rabbi trust.  The rabbi trust is subject to creditor claims in the event of insolvency but such assets are not available for general corporate purposes.  Assets held in the rabbi trust are invested in mutual funds, as selected by the participants, which are designated as trading securities and carried at fair value.  The initial deferrals occurred in January 2016.  Trading gains and losses on securities held in the rabbi trust will be included in other revenues and offsetting increases or decreases in the deferred compensation obligation will be recorded in employee compensation and benefits.