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Employee Benefit Plan
6 Months Ended
Jun. 30, 2014
Employee Benefit Plan

Note 11. Employee Benefit Plan

The Company sponsors a 401(k) retirement savings plan for its employees. Eligible employees are allowed to contribute a portion of their compensation, not to exceed a specified contribution limit imposed by the Internal Revenue Code. The Company provides for matching employee contributions equal to 50% on the first 8% of each participant’s compensation. Employer contributions were $0.9 million for both the three months ended June 30, 2013 and 2014 and $1.6 million and $1.8 million for the six months ended June 30, 2013 and 2014, respectively.

One of the Company’s 401(k) plans allows for a discretionary profit sharing contribution. The profit sharing contribution expense for the six months ended June 30, 2013 and 2014 was $0 and $0.4 million, respectively.