DEFERRED COMPENSATION ARRANGEMENTS

12 Months Ended

Dec. 31, 2017

DEFERRED COMPENSATION ARRANGEMENTS

DEFERRED COMPENSATION ARRANGEMENTS

9.    DEFERRED COMPENSATION ARRANGEMENTS

The Company has deferred compensation arrangements with certain key members of management.  These arrangements provide the Board and its committees with the ability to make contributions based on the Company’s performance and discretionary contributions based on other factors as determined by the Board and its committees.  It also allows for the participants to make certain deferrals into the plan.  The amount of the liability is comprised of liabilities from previous contributions as well as the performance contribution for the year ended December 31, 2017.  Amounts accrued relating to previous periods are $3,934 and $3,481 as of December 31, 2017 and December 31, 2016, respectively, and are included in noncurrent liabilities in the consolidated balance sheets.  The amounts accrued as of December 31, 2017 and December 31, 2016, which relate to the performance contribution for 2017 and 2016 are $349 and $132, respectively, and are included in accrued liabilities on the consolidated balance sheets.