Jack In The Box 2009 Annual Report Download - page 61

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Table of Contents


Obligations and funded status — The following table provides a reconciliation of the changes in benefit obligations, plan assets
and funded status of our retirement plans as of September 27, 2009 and June 30, 2008. In fiscal 2009, we adopted the measurement date
provisions of the FASB guidance for retirement benefits, which require the measurement date to be consistent with our fiscal year end.
Previously, we used a June 30 measurement date. This change in measurement date resulted in a $1.9 million, net of tax, adjustment to
the beginning balance of our retained earnings. (in thousands):





     

Obligation at beginning of year $ 212,027 $224,895 $ 40,634 $ 39,628 $ 16,979 $18,487
Service cost 9,045 10,427 641 802 99 222
Interest cost 15,334 14,539 2,907 2,552 1,199 1,176
Participant contributions — — — — 138 125
Actuarial loss (gain) 55,779 (32,712) 7,717 (994) 6,185 (2,205)
Benefits paid (7,810) (5,122) (3,341) (2,287) (1,097) (826)
Effect of change in measurement date 6,094 — 887 — 325 —
Plan amendment and other — — — 933 — —
Obligation at end of year $ 290,469 $ 212,027 $49,445 $ 40,634 $ 23,828 $16,979

Fair value at beginning of year $ 228,772 $ 216,679 $ — $ — $ — $ —
Actual return on plan assets (11,878) (7,785) — — — —
Participant contributions — — — — 138 125
Employer contributions 22,500 25,000 3,341 2,287 959 701
Benefits paid (7,810) (5,122) (3,341) (2,287) (1,097) (826)
Fair value at end of year $ 231,584 $ 228,772 $ — $ — $ — $ —
 $(58,885) $ 16,745 $(49,445) $ (40,634) $(23,828) $(16,979)

Noncurrent assets $ — $ 16,745 $ — $ — $ — $ —
Current liabilities — — (2,827) (2,451) 1,053 (877)
Noncurrent liabilities (58,885) — (46,618) (38,183) 22,775 (16,102)
Net amount recognized $(58,885) $ 16,745 $(49,445) $ (40,634) $ 23,828 $(16,979)

Net actuarial loss (gain) $ 110,895 $ 21,451 $14,452 $ 7,229 $ 1,768 $ (5,622)
Prior service cost 180 335 2,827 3,650 216 446
Total $ 111,075 $ 21,786 $ 17,279 $ 10,879 $ 1,984 $ (5,176)
 
Net (gain) loss $ 89,513 $ (7,917) $ 7,717 $ (994) $ 6,185 $(2,205)
Amortization of gain (loss) (55) (971) (396) (533) 964 821
Prior service cost — — — 933 — —
Amortization of prior service cost (124) (124) (707) (733) (185) (185)
Total recognized in OCI 89,334 (9,012) 6,614 (1,327) 6,964 (1,569)
Net periodic benefit cost 7,073 9,051 4,651 4,620 519 762
Total recognized in comprehensive income $ 96,407 $ 39 $11,265 $ 3,293 $ 7,483 $ (807)
 

Net actuarial loss $ 9,969 $ 1,188 $ 64
Prior service cost 124 464 185
Total $ 10,093 $ 1,652 $ 249
F-22