Hasbro 2015 Annual Report Download - page 99

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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 27, 2015 and December 28,
2014.
Pension Postretirement
2015 2014 2015 2014
Change in Projected Benefit Obligation
Projected benefit obligation — beginning .......... $383,068 332,774 28,017 27,174
Service cost ................................. 1,918 1,824 567 543
Interest cost ................................. 15,683 16,209 1,154 1,337
Actuarial (gain) loss ........................... (17,968) 59,640 (741) 796
Curtailment ................................. 660 — (746) —
Benefits paid ................................ (20,202) (25,690) (2,004) (1,833)
Expenses paid ................................ (2,099) (1,689) — —
Projected benefit obligation — ending ............ $361,060 383,068 26,247 28,017
Accumulated benefit obligation — ending ......... $361,060 383,068 26,247 28,017
Change in Plan Assets
Fair value of plan assets — beginning ............. $272,010 273,337 — —
Actual return on plan assets ..................... (3,414) 20,385 — —
Employer contribution ......................... 13,034 5,667 — —
Benefits paid ................................ (20,202) (25,690) — —
Expenses paid ................................ (2,099) (1,689) — —
Fair value of plan assets — ending ............... $259,329 272,010 — —
Reconciliation of Funded Status
Projected benefit obligation ..................... $(361,060) (383,068) (26,247) (28,017)
Fair value of plan assets ........................ 259,329 272,010 — —
Funded status ................................ (101,731) (111,058) (26,247) (28,017)
Unrecognized net loss ......................... 120,482 123,968 41 782
Unrecognized prior service cost (credit) ........... — 187 — (3,401)
Net amount recognized ........................ $ 18,751 13,097 (26,206) (30,636)
Accrued liabilities ............................ $ (2,663) (2,990) (1,800) (2,100)
Other liabilities .............................. (99,068) (108,068) (24,447) (25,917)
Accumulated other comprehensive earnings (loss) . . . 120,482 124,155 41 (2,619)
Net amount recognized ........................ $ 18,751 13,097 (26,206) (30,636)
In fiscal 2016, the Company expects amortization of unrecognized net losses related to its defined benefit
pension plans of $7,361 to be included as a component of net periodic benefit cost. The Company does not
expect amortization in 2016 related to its postretirement plan.
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