401(k) Savings Plan

12 Months Ended

Dec. 31, 2016

Postemployment Benefits [Abstract]

401(k) Savings Plan

Note 7—401(k) Savings Plan:

During 2012, the Company adopted a 401(k) savings plan for the benefit of its employees. The Company is required to make matching contributions to the 401(k) plan equal to 100% of the first 3% of wages deferred by each participating employee and 50% on the next 2% of wages deferred by each participating employee. The Company incurred expenses for employer matching contributions of approximately $1.0 million, $0.7 million and $0.5 million for the years ended December 31, 2016, 2015 and 2014, respectively.