Employee 401(k) Plan

12 Months Ended

Dec. 31, 2015

Employee 401(k) Plan

Employee 401(k) Plan

12. Employee 401(k) Plan

        The Company's employee savings and retirement plan is qualified under Section 401 of the Internal Revenue Code. The plan is available to all regular employees on the Company's U.S. payroll and provides employees with tax-deferred salary deductions and alternative investment options. Employees may contribute up to 90% of their salary up to the statutory prescribed annual limit. In the calendar year 2015, the Company match for employees' contributions to the plan was 25% of the first 6% deferred. The Company's matching contributions to the plan totaled $1.1 million in 2015.