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BENEFIT PLANS
12 Months Ended
Dec. 31, 2015
BENEFIT PLANS  
BENEFIT PLANS

 

NOTE 11 BENEFIT PLANS

 

On August 1, 2011, we initiated a qualified contributory retirement plan (the “Plan”) under Section 401(k) of the IRC, which covers all full-time employees who meet certain eligibility requirements. Voluntary contributions may be made to the Plan by employees. The Plan is a Safe Harbor Plan and requires a mandatory employer contribution. The employer contribution expense for the years ended December 31, 2015, 2014 and 2013 was $0.2 million, $0.2 million, and $0.1 million, respectively.