Annual report pursuant to Section 13 and 15(d)

Profit Sharing/401(k) Plan

v3.20.4
Profit Sharing/401(k) Plan
12 Months Ended
Dec. 31, 2020
Postemployment Benefits [Abstract]  
Profit Sharing/401(k) Plan PROFIT SHARING/401(k) PLAN
The Company offers eligible domestic full-time employees participation in certain profit sharing/401(k) plans. The plans provide for a discretionary annual company contribution. In addition, employees may contribute a portion of their salary to the plans which is partially matched by the Company. In response to the impact of the COVID-19 pandemic, both the discretionary company contribution and the match were temporarily suspended beginning in the second quarter of 2020. The plans may be amended or terminated at any time.
Total charges to income before income taxes for these plans were approximately $3.3 million, $10.0 million and $8.3 million in 2020, 2019 and 2018, respectively.