Memorex 2013 Annual Report Download - page 84

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
United States
December 31,
2012
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
Significant Other
Observable
Inputs (Level 2)
Unobservable
Inputs
(Level 3)
(In millions)
Short-term investments
Money market securities ............. $ 6.3 $ 6.3 $ — $—
Mutual Funds
Equity securities
Large-cap growth funds ............ 14.0 — 14.0 —
International growth fund ........... 7.4 7.4 — —
Fixed income securities .............. 14.0 14.0 — —
Absolute return strategy funds ......... 11.6 — 11.6 —
Common stocks ...................... 10.7 10.7 — —
Commingled trust funds ................ 7.7 — 7.7 —
Total .............................. $71.7 $38.4 $33.3 $—
International
December 31,
2012
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs (Level 2)
Unobservable
Inputs
(Level 3)
(In millions)
Short-term investments
Other ........................... $ 0.3 $— $ 0.3 $—
Mutual Funds
Equity securities — blended funds ..... 15.3 — 15.3 —
Fixed income securities ............. 23.5 — 23.5 —
Insurance contracts .................. 18.9 — 18.9 —
Total ............................. $58.0 $— $58.0 $—
Employee Retirement Savings Plans
Effective January 1, 2011, our matching formula under our 401(k) retirement plan is 100 percent of employee
contributions up to the first five percent of eligible compensation. We used shares of treasury stock to match employee 401(k)
contributions for 2013, 2012 and 2011. Total expense related to the use of shares of treasury stock to match employee 401(k)
contributions was $1.7 million, $2.3 million and $2.1 million in 2013, 2012 and 2011, respectively.
We also sponsor a variable compensation program in which we may, at our discretion, contribute up to three percent of
eligible employee compensation to employees’ 401(k) retirement accounts, depending upon total company performance. We
use shares of treasury stock for this contribution. No contribution was made under the variable compensation program during
the years ended December 31, 2013 or 2011. A contribution of $0.7 million was made under the variable compensation
program during the year ended December 31, 2012 for 2011.
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