Multi-Employer and Defined Benefit Pension Plans

6 Months Ended

Jun. 30, 2019

Retirement Benefits [Abstract]

Multi-Employer and Defined Benefit Pension Plans

10. MULTI-EMPLOYER AND DEFINED BENEFIT PENSION PLANS

AMOPP. During the six months ended June 30, 2019, the Company received notification from the AMOPP that the Company’s withdrawal liability, as of September 30, 2018 would have been, $28.1 million based on an actuarial valuation performed as of that date. That liability may change in future years based on various factors, primarily employee census. As of June 30, 2019, the Company has no intention to withdraw from the AMOPP and no deficit amounts have been invoiced. Depending upon the results of the future actuarial valuations and the ten-year rehabilitation plan, it is possible that the AMOPP will experience further funding deficits, requiring the Company to recognize additional payroll related operating expenses in the periods invoices are received or contribution levels are increased.