LensCrafters 2007 Annual Report Download - page 153
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> 152 | ANNUAL REPORT 2007
Amounts recognized in the consolidated balance sheets as of December 31, 2007 and 2006,
consist of the following:
The accumulated benefit obligations for the pension plans and SERP as of September 30, 2007 and
2006, were as follows:
Pension Plans SERP
2007 2006 2007 2006
Accumulated benefit obligations 245,829 255,239 7,989 6,542
Components of net periodic benefit
cost and other amounts recognized
in other comprehensive income
Net periodic benefit cost
Service cost 16,449 13,326 504 335
Interest cost 15,606 15,090 589 442
Expected return on plan assets (16,703) (15,837) - -
Amortization of actuarial loss 2,640 3,277 413 299
Amortization of prior service cost 547 561 9 10
Net periodic benefit cost 18,539 16,417 1,515 1,086
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net loss (gain) (9,191) 4,518 1,871 1,831
Prior service cost - 297 - -
Amortization of actuarial loss (2,640) (3,277) (413) (299)
Amortization of prior service cost (547) (561) (9) (10)
Total recognized in other comprehensive income (12,378) 977 1,449 1,522
Total 6,161 17,394 2,964 2,608
(Euro/000) Pension plans SERP
2007 2006 2007 2006
Liabilities
Current liabilities --770 232
Non-current liabilities 40,211 55,456 9,325 8,088
Total accrued pension liabilities 40,211 55,456 10,095 8,320
Other comprehensive income
Net loss 28,380 43,690 3,898 2,799
Prior service cost 283 881 17 29
Contributions after measurement date - - 5 3
Accumulated other comprehensive income 28,663 44,571 3,920 2,831
The estimated net loss and prior service cost for the U.S. defined benefit pension plans that will be
amortized from accumulated other comprehensive income into net periodic benefit cost over the next
fiscal year are Euro 0.7 million and Euro 0.1 million, respectively. The estimated net loss and prior