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Retirement Plan
12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 13 — Retirement Plan

 

All full-time Akorn employees are eligible to participate in the Company’s 401(k) Plan. During the years ended December 31, 2015, 2014 and 2013, plan-related expense totaled approximately $1.8 million, $1.3 million and $0.8 million, respectively. The Company provides a matching contribution based on a percentage of the amount contributed by each employee, which is funded on a current basis.  The Company suspended its match on 401(k) contributions during 2009 and did not match 401(k) contributions through March 31, 2010.  Effective April 1, 2010, the Company reinstituted a matching contribution at a rate of 25% of the first 6% contributed by employees.  On January 1, 2011, the Company increased its matching contribution to 50% of the first 6% contributed, and has maintained this match rate through December 31, 2015.  Company matching contributions vest 50% after two years of credited service and 100% after three years of credited service.