Defined-Contribution Savings Plan

12 Months Ended

Dec. 31, 2016

Defined-Contribution Savings Plan.

Defined-Contribution Savings Plan

16. Defined-Contribution Savings Plan

The Company sponsors an employee retirement plan (the “401(k) Plan”) that provides certain eligible employees of the Company an opportunity to accumulate funds for retirement. The Company provides matching contributions on a discretionary basis. During the years ended December 31, 2016,  2015 and 2014, the Company recognized expense of $1,364,000,  $1,300,000 and $990,000, respectively, for matching contributions to the 401(k) Plan.