Dillard's 2008 Annual Report Download - page 71

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determined on this basis had increased to 6.6% as of January 31, 2009 from 6.3% as of February 2, 2008.
Weighted average assumptions are as follows:
Fiscal
2008
Fiscal
2007
Fiscal
2006
Discount rate-net periodic pension cost .............................. 6.3% 5.9% 5.6%
Discount rate-benefit obligations ................................... 6.6% 6.3% 5.9%
Rate of compensation increases .................................... 4.0% 4.0% 4.0%
The components of net periodic benefit costs are as follows:
Fiscal
2008
Fiscal
2007
Fiscal
2006
(in thousands of dollars)
Components of net periodic benefit costs:
Service cost ................................................... $ 2,502 $ 2,069 $ 2,181
Interest cost ................................................... 7,056 6,002 5,396
Net actuarial gain (loss) .......................................... 2,054 2,070 2,016
Amortization of prior service cost .................................. 627 626 627
Net periodic benefit costs ............................................. $12,239 $10,767 $10,220
The estimated future benefits payments for the nonqualified benefit plan are as follows:
(in thousands of dollars)
Fiscal Year
2009 ....................................................... $ 4,174
2010 ....................................................... 5,462
2011 ....................................................... 5,328
2012 ....................................................... 5,951
2013 ....................................................... 5,853
2014-2018 .................................................. 37,620
Total payments for next ten fiscal years ............................... $64,388
11. Stockholders’ Equity
Capital stock is comprised of the following:
Type
Par
Value
Shares
Authorized
Preferred (5% cumulative) ............................... $100.00 5,000
Additional preferred .................................... $ 0.01 10,000,000
Class A, common ...................................... $ 0.01 289,000,000
Class B, common ...................................... $ 0.01 11,000,000
Holders of Class A are empowered as a class to elect one-third of the members of the Board of Directors,
and the holders of Class B are empowered as a class to elect two-thirds of the members of the Board of Directors.
Shares of Class B are convertible at the option of any holder thereof into shares of Class A at the rate of one
share of Class B for one share of Class A.
On March 2, 2002, the Company adopted a shareholder rights plan under which the Board of Directors
declared a dividend of one preferred share purchase right for each outstanding share of the Company’s Common
Stock, which includes both the Company’s Class A and Class B Common Stock, payable on March 18, 2002 to
F-23