DEFERRED COMPENSATION ARRANGEMENTS

12 Months Ended

Dec. 31, 2018

DEFERRED COMPENSATION ARRANGEMENTS

DEFERRED COMPENSATION ARRANGEMENTS

11. 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. Amounts accrued relating to previous periods are $3,967 and $3,934 as of December 31, 2018 and 2017, respectively, and are included in other long-term liabilities in the consolidated balance sheets. The amount accrued as of December 31, 2017, which related to the performance contribution for 2017 was $349, and is included in accrued liabilities on the consolidated balance sheet.