Cablevision 2011 Annual Report Download - page 190

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-66
Plan Results for Defined Benefit Plans
Summarized below is the funded status and the amounts recorded on the Company's consolidated balance
sheets for all of the Company's qualified and non-qualified defined benefit pension plans at December 31,
2011 and 2010:
Cablevision Defined
Benefit Plans
2011 2010
Change in benefit obligation:
Benefit obligation at beginning of year ............................................................... $309,028 $301,716
Service cost ......................................................................................................... 39,253 40,786
Interest cost ......................................................................................................... 16,321 14,354
Settlement gain on the Excess Cash Balance Plan in connection with the
AMC Networks Distribution (a) ...................................................................... (3,454) -
Curtailment loss on the Pension Plan in connection with the AMC Networks
Distribution (a) ................................................................................................ 1,848 -
Actuarial loss (gain) ............................................................................................ 60 (21,366)
Benefits paid ....................................................................................................... (18,690) (10,820)
Benefit obligations relating to Madison Square Garden as a result of the
MSG Plans Transfer(b) .................................................................................... - (15,642)
Benefit obligation at end of year ..................................................................... 344,366 309,028
Change in plan assets:
Fair value of plan assets at beginning of year ..................................................... 228,112 194,468
Actual return on plan assets, net ......................................................................... 16,394 3,935
Employer contributions ....................................................................................... 66,306 50,109
Benefits paid ....................................................................................................... (18,690) (10,820)
Plan assets relating to Madison Square Garden as a result of the MSG Plans
Transfer(c) ....................................................................................................... - (9,580)
Fair value of plan assets at end of year ............................................................ 292,122 228,112
Unfunded status at end of year ............................................................................... $(52,244) $(80,916)
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(a) Represents amounts calculated as of June 30, 2011 which represented the date employees of AMC Networks
ceased active participation in the Cablevision Defined Benefit Plans.
(b) Represents amounts calculated on January 1, 2010 which represented the date employees of Madison Square
Garden ceased participation in the Cablevision Defined Benefit Plans.
(c) Represents the fair value as of January 1, 2010 of the plan assets that were held by the Pension Plan related to
employees of Madison Square Garden who ceased participation in the Pension Plan. In April 2011, assets with a
fair value of $9,261 were transferred from the Pension Plan to a Madison Square Garden sponsored cash balance
pension plan, which reflects activity that occurred between January 1, 2010 and the transfer date.