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Table of Contents


Fiscal
2014
2013
2012
(in thousands)
Minimum rentals:
Unrelated parties $ 147,771
$ 137,602
$ 127,061
Related parties 9,189
10,486
12,855
Contingent rentals:
Unrelated parties 31,499
29,639
26,502
Total $ 188,459
$ 177,727
$ 166,418

Filene's Basement Defined Benefit Pension Plan- Merger Sub was responsible for the Filene’s Basement defined benefit pension plan (the "plan") that RVI
assumed as part of its sale of Filene's Basement in fiscal 2009. On December 1, 2011, the Company adopted a plan amendment to terminate the plan with a
proposed termination date of March 11, 2012. In April 2013, the Company received a favorable determination letter from the Internal Revenue Service,
began the process of obtaining participant settlement elections and was required to disburse the funds within 120 days of the receipt of the favorable
determination letter. The Company contributed a final contribution of $5.0 million to fully fund the plan. In the second quarter of fiscal 2013, the Company
distributed all plan assets to participants through lump-sum distributions and a nonparticipating annuity contract. The settlement of the pension plan resulted
in a settlement loss of $8.9 million, which is net of an income tax benefit of $5.3 million, which was reclassified from accumulated other comprehensive loss
to the statement of operations in the second quarter of fiscal 2013.
The following table provides additional detail regarding the composition of and reclassification adjustments out of accumulated other comprehensive loss
for the periods presented:
Fiscal
2013
2012
Location on Consolidated Statements of
Operations
(in thousands)
Beginning Balance
$ (8,758)
$ (8,486)
Reclassification adjustments:
Reclassification to net income due to settlement of the pension
plan
14,224
—
Operating expenses
Tax benefit of the settlement of the pension plan
(5,289)
—
Income tax provision
Other changes to accumulated other comprehensive loss:
Change in minimum pension liability
(177)
(413)
Unrealized gains on securities
—
141
Ending Balance
$ —
$ (8,758)
F- 25
Source: DSW Inc., 10-K, March 26, 2015 Powered by Morningstar® Document Research℠
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