BENEFIT PLANS

12 Months Ended

Dec. 31, 2020

Compensation And Retirement Disclosure [Abstract]

BENEFIT PLANS

12.  BENEFIT PLANS

The Company sponsors a profit sharing plan and a savings plan under Section 401(k) of the Internal Revenue Code, covering substantially all salaried employees over the age of 21 with at least 12 months of service. The Company did not make a contribution to the savings plan for the year ended December 31, 2020. The Company contributed two percent of compensation for each employee regardless of the employees’ contributions for the year ended December 31, 2019 and three percent of compensation for the year ended December 31, 2018, as well as partially matching employee contributions.  Expense for the savings plan totaled approximately $1.7 million for both the years ended December 31, 2020 and 2019, respectively, and $2.2 million for the year ended December 31, 2018.

Contributions to the profit sharing plan are made at the discretion of the Board of Directors and all funds are invested solely in Company common stock. The Company did not contribute to the profit sharing plan in 2020, 2019 or 2018.