Defined Contribution Plan

12 Months Ended

Dec. 31, 2020

Defined Contribution Plan [Abstract]

Defined Contribution Plan

19.DEFINED CONTRIBUTION PLAN

The Company has a defined contribution profit sharing plan under Section 401(k) of the Internal Revenue Code that provides for voluntary employee contributions up to the limitations set forth in Section 402(g) of the Internal Revenue Code. Employees have the opportunity to participate following completion of three months of employment and must be 21 years of age. Employer matching begins immediately upon the employee’s participation in the plan.

The Company makes a discretionary matching contribution of 75% of an employee’s contributions up to a maximum of $4,000 annually. Company matching contributions were approximately $2.7 million, $2.4 million and $2.1 million for the years ended December 31, 2020, 2019 and 2018, respectively.