Cablevision 2012 Annual Report Download - page 190

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-62
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 Defined Benefit Plans at December 31, 2012 and 2011:
Cablevision Defined
Benefit Plans
2012 2011
Change in benefit obligation:
Benefit obligation at beginning of year ............................................................... $ 344,366 $309,028
Service cost ......................................................................................................... 39,789 39,253
Interest cost ......................................................................................................... 14,570 16,321
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 ...................................................................................................... 18,922 60
Benefits paid ....................................................................................................... (25,335) (18,690)
Benefit obligation at end of year ..................................................................... 392,312 344,366
Change in plan assets:
Fair value of plan assets at beginning of year ..................................................... 292,122 228,112
Actual return on plan assets, net ......................................................................... 11,316 16,394
Employer contributions ....................................................................................... 12,733 66,306
Benefits paid ....................................................................................................... (25,335) (18,690)
Fair value of plan assets at end of year ............................................................ 290,836 292,122
Unfunded status at end of year ............................................................................... $(101,476) $(52,244)
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(a) Represents amounts calculated as of June 30, 2011 (the date employees of AMC Networks ceased active
participation in the Pension Plan).
Other pre-tax changes in plan assets and benefit obligations recognized in accumulated other
comprehensive loss for the years ended December 31, 2012 and 2011 are as follows:
Cablevision Defined
Benefit Plans
2012 2011
Actuarial loss (gain) ................................................................................................ $16,732 $(5,517)
Recognized actuarial loss ....................................................................................... (1,067) (1,988)
$15,665 $(7,505)
Approximately $1,488 of unrecognized actuarial losses recorded in accumulated other comprehensive
loss is expected to be recognized as a component of net periodic benefit cost during the next fiscal year
relating to the Defined Benefit Plans.
The Company's net funded status relating to its defined benefit plans at December 31, 2012 and 2011 are
as follows:
2012 2011
Defined Benefit Plans ............................................................................................. $(101,476) $(52,244)
Less: Current portion .............................................................................................. 2,169 1,947
Long-term defined benefit plan obligations ............................................................ $(99,307) $(50,297)