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401(k) Savings Plan
6 Months Ended
Jun. 30, 2020
Postemployment Benefits [Abstract]  
401(k) Savings Plan

Note 12—401(k) Savings Plan:

During 2012, the Company adopted a 401(k) savings plan for the benefit of its employees. The Company is required to make matching contributions to the 401(k) plan equal to 100% of the first 3% of wages deferred by each participating employee and 50% on the next 2% of wages deferred by each participating employee. The Company incurred expenses for employer matching contributions of approximately $0.7  million and $0.8 million for the six months ended June 30, 2020 and 2019, respectively.