DSW 2014 Annual Report Download - page 66

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Table of Contents
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
The following table provides a reconciliation of projected benefit obligations, plan assets and funded status of the plan as of the period presented:
February 1, 2014
(in thousands)
Change in projected benefit obligation:
Projected benefit obligation at beginning of year
$ 23,005
Interest cost
843
Benefits paid
(23,218)
Settlement gain
(270)
Actuarial gain
(360)
Projected benefit obligation at end of year
—
Change in plan assets:
Fair market value at beginning of year
18,461
Actual loss on plan assets
(97)
Employer contributions
5,027
Benefits paid
(23,218)
Other
(173)
Fair market value at end of year
$ —
The components of net periodic benefit cost are comprised of the following for the periods presented:
Fiscal
2013
2012
(in thousands)
Interest cost $ 843
$ 919
Expected return on plan assets (808)
(1,208)
Loss recognized due to settlements 14,224
67
Amortization of net loss 494
398
Net periodic benefit cost $ 14,753
$ 176
For the periods presented, other changes in plan assets and benefit obligations recognized in net periodic cost and other comprehensive income loss consist
of:
Fiscal
2013
2012
(in thousands)
Net actuarial loss $ 671
$ 1,717
Loss recognized due to settlements (14,224)
(67)
Amortization of net loss (494)
(398)
Total recognized in other comprehensive (income) loss (14,047)
1,252
Net periodic benefit cost 14,753
176
Total recognized in net periodic benefit cost and other comprehensive
income $ 706
$ 1,428
Other Benefit Plans
401(k) Plan- The Company sponsors a 401(k) Plan (the "Plan"). Eligible employees may contribute up to fifty percent of their compensation to the 401(k)
Plan, on a pre-tax basis, subject to Internal Revenue Service limitations. As of the first day of the
F- 26
Source: DSW Inc., 10-K, March 26, 2015 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.