Hasbro 2013 Annual Report Download - page 91

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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 29, 2013 and December 30,
2012.
Pension Postretirement
2013 2012 2013 2012
Change in Projected Benefit Obligation
Projected benefit obligation — beginning ...................... $391,681 346,155 36,969 35,196
Service cost ............................................. 2,579 1,784 750 735
Interest cost ............................................. 15,597 16,669 1,380 1,758
Actuarial (gain) loss ....................................... (45,170) 54,428 (5,617) 1,403
Curtailment ............................................. 2,958 486 — —
Plan amendment .......................................... — — (4,408) —
Benefits paid ............................................ (17,213) (25,795) (1,900) (2,123)
Settlements .............................................. (16,213) — — —
Expenses paid ............................................ (1,445) (2,046) — —
Projected benefit obligation — ending ........................ $332,774 391,681 27,174 36,969
Accumulated benefit obligation — ending ..................... $332,774 391,681 27,174 36,969
Change in Plan Assets
Fair value of plan assets — beginning ......................... $273,575 265,075 — —
Actual return on plan assets ................................. 30,619 32,613 — —
Employer contribution ..................................... 4,014 3,728 — —
Benefits paid ............................................ (17,213) (25,795) — —
Settlements .............................................. (16,213) — — —
Expenses paid ............................................ (1,445) (2,046) — —
Fair value of plan assets — ending ........................... $273,337 273,575 — —
Reconciliation of Funded Status
Projected benefit obligation ................................. $(332,774) (391,681) (27,174) (36,969)
Fair value of plan assets .................................... 273,337 273,575 — —
Funded status ............................................ (59,437) (118,106) (27,174) (36,969)
Unrecognized net loss (gain) ................................ 69,716 138,946 (15) 5,673
Unrecognized prior service cost (credit) ....................... — — (3,857) 215
Net amount recognized .................................... $ 10,279 20,840 (31,046) (31,081)
Accrued liabilities ........................................ $ (2,978) (2,982) (2,100) (2,200)
Other liabilities .......................................... (56,459) (115,124) (25,074) (34,769)
Accumulated other comprehensive earnings (loss) ............... 69,716 138,946 (3,872) 5,888
Net amount recognized .................................... $ 10,279 20,840 (31,046) (31,081)
In fiscal 2014, the Company expects amortization of unrecognized net losses and unrecognized prior service
cost related to its defined benefit pension plans of $3,351 and $98, respectively, to be included as a component of
net periodic benefit cost. The Company expects amortization of unrecognized prior service credits in 2014
related to its postretirement plan of $(457).
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