Deferred Compensation Plans

12 Months Ended

Dec. 31, 2016

Deferred Compensation Plans

Deferred Compensation Plans

17.     Deferred Compensation Plans

We have contributory 401(k) plans covering substantially all of our employees.  We may contribute amounts not in excess of the lesser of the maximum deductions allowable for income tax purposes or a specific percentage of our operating profits, as defined in the plan.  We made contributions totaling $0.6 million during each of the fiscal years ended December 31, 2016, December 26, 2015 and December 27, 2014.

We also sponsor a trusteed, nonqualified savings plan for employees whose contributions to a tax qualified 401(k) plan would be limited by provisions of the Internal Revenue Code.  The plan allows participants to defer receipt of a portion of their salary and incentive compensation.  The plan was amended in 2009, and we no longer match any employee contributions to this plan.  Participants earn a return on their deferred compensation based on investment earnings of participant-selected mutual funds.  Deferred compensation, including accumulated earnings on the participant-directed investment selections, is distributable in cash at participant-specified dates or upon retirement, death, disability or termination of employment.  At December 31, 2016 and December 26, 2015, the plan’s assets and our liability to participants in the deferred compensation plans was $0.6 million and $0.6 million, respectively, and is recorded in other assets and other liabilities in the Consolidated Balance Sheets.