Note 14 - Employee Benefit Plans

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

14. EMPLOYEE BENEFIT PLANS

The Company sponsors a

401

(k) Plan (the

"401

(k) Plan")

. The

401

(k) Plan allows participants to defer a portion of their compensation on a pre-tax basis, subject to the statutory annual contribution limit. For

2018

and

2017,

the Company made “safe harbor” contributions on behalf of participants in the form of a match that was equal to

100%

of each participant’s elective deferrals, up to a maximum of

4%

of the participant’s eligible compensation. The

401

(k) Plan also allows the Company to make discretionary matching contributions on behalf of participants equal to

2%

of each participant’s elective deferrals.

No

discretionary match was made in

2018

or

2017.

The Company’s matching contributions to the

401

(k) Plan totaled

$0.5

million and

$0.4

million in

2018

and

2017,

respectively.

Participants can elect to invest up to

20%

of incoming contributions (measured at the time of investment) in the

401

(k) Plan in the form of Company stock. The

410

(k) Plan held

240,402

and

312,253

shares of Company stock as of

December 31, 2018

and

2017,

respectively. These shares are allocated to participants in the

401

(k) Plan and, accordingly, are included in the earnings per share calculations.