AutoZone 2013 Annual Report Download - page 125

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63
The following table sets forth the plans’ funded status and amounts recognized in the Company’s Consolidated
Balance Sheets:
(in thousands)
August 31,
2013
August 25,
2012
Chan
g
e in Pro
j
ected Benefit Obli
g
ation:
Projected benefit obligation at beginning of year ...........................................
.
$305,206
$ 241,645
Interest cost .....................................................................................................
.
11,746 12,214
Actuarial (gains) losses ..................................................................................
.
(53,756) 56,749
Benefits paid ..................................................................................................
.
(6,416) (5,402)
Benefit obligations at end of year ..................................................................
.
$256,780 $ 305,206
Chan
g
e in Plan Assets:
Fair value of plan assets at beginning of yea
r
.................................................
.
$181,409
$ 156,883
Actual return on plan assets ............................................................................
.
16,218 14,505
Employer contributions ...................................................................................
.
16,909 15,423
Benefits paid ..................................................................................................
.
(6,416) (5,402)
Fair value of plan assets at end of yea
r
...........................................................
.
$208,120 $ 181,409
Amount Reco
g
nized in the Statement of Financial Position:
Current liabilities ............................................................................................
.
$ (124) $ (30)
Long-term liabilities ........................................................................................
.
(48,536) (123,767)
Net amount recognized ...................................................................................
.
$(48,660) $ (123,797)
Amount Reco
g
nized in Accumulated Other Comprehensive Loss and
not
y
et reflected in Net Periodic Benefit Cost:
Net actuarial loss .............................................................................................
.
$(83,601) $ (154,678)
Accumulated other comprehensive loss ..........................................................
.
$(83,601) $ (154,678)
Amount Reco
g
nized in Accumulated Other Comprehensive Loss and
not yet reflected in Net Periodic Benefit Cost and expected to be
amortized in next
y
ear’s Net Periodic Benefit Cost:
Net actuarial loss .............................................................................................
.
$ (6,879) $ (14,721)
Amount recognized .........................................................................................
.
$ (6,879) $ (14,721)
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