Neiman Marcus 2012 Annual Report Download - page 123
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Table of Contents
The following tables set forth by level, within the fair value hierarchy, the Pension Plan’s assets at fair value as of August 3, 2013 and July 28,
2012.
August 3, 2013
(in thousands) Level 1 Level 2 Level 3 Total
Equity securities:
Common/collective trusts $ — $ 12,279 $ — $ 12,279
Hedge funds — — 176,951 176,951
Limited partnership interests — — 4,197 4,197
Fixed income securities:
Corporate debt securities —34,204 —34,204
Mutual funds 93,033 — — 93,033
U.S. government securities 12,630 — — 12,630
Common/collective trusts — 47,178 — 47,178
Other —5,366 —5,366
Total investments $105,663 $99,027 $ 181,148 $ 385,838
July 28, 2012
(in thousands) Level 1 Level 2 Level 3 Total
Equity securities:
Corporate stock $ 7,036 $ — $ — $ 7,036
Mutual funds 10,387 — — 10,387
Common/collective trusts —57,630 —57,630
Hedge funds — — 109,026 109,026
Limited partnership interests — — 23,048 23,048
Fixed income securities:
Corporate debt securities —44,149 —44,149
Mutual funds 126,585 — — 126,585
U.S. government securities 6,952 — — 6,952
Other —5,086 —5,086
Total investments $150,960 $106,865 $132,074 $389,899
The table below sets forth a summary of changes in the fair value of our Pension Plan’s Level 3 investment assets for the fiscal years 2013 and 2012.
Fiscal years
(in thousands) 2013 2012
Balance, beginning of year $132,074 $163,219
Purchases 133,462 32,697
Sales (96,672)(63,431)
Realized gains 15,257 5,998
Unrealized losses relating to investments sold (17,041)(9,278)
Unrealized gains relating to investments still held 14,068 2,869
Balance, end of year $ 181,148 $ 132,074
F-29