DSW 2013 Annual Report Download - page 71

Download and view the complete annual report

Please find page 71 of the 2013 DSW annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 121

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121

Table of Contents


The following table provides a reconciliation of projected benefit obligations, plan assets and funded status of the plan as of the periods presented:
February 1, 2014
February 2, 2013
(in thousands)
Change in projected benefit obligation:
Projected benefit obligation at beginning of year $23,005
$21,919
Interest cost 843
919
Benefits paid (23,218)
(964)
Settlement (gain) (270)
—
Actuarial (gain) loss (360)
1,131
Projected benefit obligation at end of year —
23,005
Accumulated benefit obligation at end of year —
23,005
Change in plan assets:
Fair market value at beginning of year 18,461
16,336
Actual (loss) gain on plan assets (97)
863
Employer contributions 5,027
2,400
Benefits paid (23,218)
(964)
Other (173)
(174)
Fair market value at end of year $ —
$18,461
Amounts recognized in the consolidated balance sheets consisted of the following as of the period presented:
February 2, 2013
Current liabilities $4,544
Accumulated other comprehensive loss $8,758
Accumulated other comprehensive loss was net of deferred tax assets of $5.4 million as of February 2, 2013.
The components of net periodic benefit cost are comprised of the following for the periods presented:
Fiscal years ended
February 1, 2014
February 2, 2013
January 28, 2012
(in thousands)
Interest cost $843
$919
$1,003
Expected return on plan assets (808)
(1,208)
(945)
Loss recognized due to settlements 14,224
67
—
Amortization of net loss 494
398
296
Net periodic benefit cost $ 14,753
$176
$354
F- 28
Source: DSW Inc., 10-K, March 27, 2014 Powered by Morningstar® Document Research℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.