Dillard's 2010 Annual Report Download - page 66

Notes to Consolidated Financial Statements (Continued)
9. Benefit Plans (Continued)
The accumulated benefit obligations, change in projected benefit obligation, change in Pension
Plan assets, funded status, and reconciliation to amounts recognized in the consolidated balance sheets
are as follows:
January 29, January 30,
(in thousands of dollars) 2011 2010
Change in benefit obligation:
Benefit obligation at beginning of year ............................ $130,465 $ 113,513
Service cost .............................................. 2,886 3,084
Interest cost .............................................. 7,269 7,303
Actuarial (gain)/ loss ........................................ (4,045) 10,658
Benefits paid ............................................. (4,282) (4,093)
Benefit obligation at end of year ................................. $132,293 $ 130,465
Change in Pension Plan assets:
Fair value of Pension Plan assets at beginning of year ................. $ — $ —
Employer contribution ...................................... 4,282 4,093
Benefits paid ............................................. (4,282) (4,093)
Fair value of Pension Plan assets at end of year ....................... $ — $ —
Funded status (benefit obligation less Pension Plan assets) ................ $(132,293) $(130,465)
Unamortized prior service costs ................................ — —
Unrecognized net actuarial loss ................................ — —
Intangible asset ........................................... — —
Unrecognized net loss ....................................... — —
Accrued benefit cost ........................................... $(132,293) $(130,465)
Benefit obligation in excess of Pension Plan assets ..................... $(132,293) $(130,465)
Amounts recognized in the balance sheets:
Accrued benefit liability ..................................... $(132,293) $(130,465)
Net amount recognized ......................................... $(132,293) $(130,465)
Accumulated benefit obligation at end of year ........................ $(126,932) $(123,385)
Pretax amounts recognized in accumulated other comprehensive loss for fiscal 2010 consisted of
net actuarial losses and prior service cost of $26.6 million and $1.3 million, respectively. Pretax amounts
recognized in accumulated other comprehensive loss for fiscal 2009 consisted of net actuarial losses and
prior service cost of $33.0 million and $2.0 million, respectively. Pretax amounts recognized in
accumulated other comprehensive loss for fiscal 2008 consisted of net actuarial losses and prior service
cost of $23.8 million and $2.6 million, respectively.
Accrued benefit liability is included in other liabilities. Accumulated other comprehensive loss, net
of tax benefit, is included in stockholders’ equity.
The estimated actuarial loss and prior service cost for the nonqualified defined benefit plans that
will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the
next fiscal year approximate $2.0 million and $0.6 million, respectively.
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