Hasbro 2012 Annual Report Download - page 85
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HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)
Reconciliations of the beginning and ending balances for the projected benefit obligation, the fair value of
plan assets and the funded status are included below for the years ended December 30, 2012 and December 25,
2011.
Pension Postretirement
2012 2011 2012 2011
Change in Projected Benefit Obligation
Projected benefit obligation — beginning ...................... $346,155 333,512 35,196 34,492
Service cost ............................................. 1,784 1,729 735 685
Interest cost ............................................. 16,669 16,852 1,758 1,764
Actuarial loss ............................................ 54,428 14,845 1,403 314
Curtailment ............................................. 486 — — —
Benefits paid ............................................ (25,795) (19,596) (2,123) (2,059)
Expenses paid ............................................ (2,046) (1,187) — —
Projected benefit obligation — ending ........................ $391,681 346,155 36,969 35,196
Accumulated benefit obligation — ending ..................... $391,681 346,155 36,969 35,196
Change in Plan Assets
Fair value of plan assets — beginning ......................... $265,075 270,145 — —
Actual return on plan assets ................................. 32,613 11,914 — —
Employer contribution ..................................... 3,728 3,799 — —
Benefits paid ............................................ (25,795) (19,596) — —
Expenses paid ............................................ (2,046) (1,187) — —
Fair value of plan assets — ending ........................... $273,575 265,075 — —
Reconciliation of Funded Status
Projected benefit obligation ................................. $(391,681) (346,155) (36,969) (35,196)
Fair value of plan assets .................................... 273,575 265,075 — —
Funded status ............................................ (118,106) (81,080) (36,969) (35,196)
Unrecognized net loss ..................................... 138,946 104,872 5,673 4,321
Unrecognized prior service cost ............................. — 725 215 244
Net amount recognized .................................... $ 20,840 24,517 (31,081) (30,631)
Accrued liabilities ........................................ $ (2,982) (3,020) (2,200) (2,400)
Other liabilities .......................................... (115,124) (78,060) (34,769) (32,796)
Accumulated other comprehensive earnings .................... 138,946 105,597 5,888 4,565
Net amount recognized .................................... $ 20,840 24,517 (31,081) (30,631)
In fiscal 2013, the Company expects amortization of unrecognized net losses and unrecognized prior service
cost related to its defined benefit pension plans of $8,874 and $100, respectively, to be included as a component
of net periodic benefit cost. The Company expects amortization of unrecognized net losses and unrecognized
prior service cost in 2013 related to its postretirement plan of $127 and $29, respectively.
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