OfficeMax 2009 Annual Report Download - page 80

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The following table shows the amounts recognized in the Consolidated Balance Sheets related
to the Company’s defined benefit pension and other postretirement benefit plans at year-end:
Pension Benefits Other Benefits
2009 2008 2009 2008
(thousands)
Noncurrent assets ........................ $ 2,355 $ — $ — $ —
Current liabilities ......................... (3,773) (4,359) (1,526) (1,746)
Noncurrent liabilities ....................... (208,744) (430,646) (18,811) (15,836)
Net amount recognized .................... $(210,162) (435,005) $(20,337) $(17,582)
Amounts recognized in accumulated other comprehensive income consist of:
Net loss (gain) ............................ $440,206 $ 590,213 $ 3,520 $ 2,227
Prior service cost (credit) .................... — — (30,148) (34,123)
Total ................................... $440,206 $590,213 $(26,628) $(31,896)
The accumulated benefit obligation for all defined benefit pension plans was $1,260.5 million
and $1,275.9 million for December 26, 2009 and December 27, 2008, respectively.
Information for pension plans with an accumulated benefit obligation in excess of plan assets:
Pension Benefits
2009 2008
(thousands)
Projected benefit obligation ................................. $1,225,972 $1,276,209
Accumulated benefit obligation ............................... 1,225,762 1,275,895
Fair value of plan assets ................................... 1,013,455 841,204
Components of Net Periodic Benefit Cost (Income)
The components of net periodic benefit cost (income) are as follows:
Pension Benefits Other Benefits
2009 2008 2007 2009 2008 2007
(thousands)
Service cost ................ $ 4,506 $ 2,132 $ 1,676 $ 184 $ 237 $ 341
Interest cost ................ 75,858 78,041 77,084 1,137 1,164 1,353
Expected return on plan assets . . (76,623) (90,078) (89,018) — — —
Recognized actuarial loss ...... 10,330 11,775 20,220 147 269 512
Participant settlement expense . . . — 2,331 ————
Amortization of prior service costs
and other ................———(4,001) (3,997) (4,009)
Net periodic benefit cost (income) $ 14,071 $ 4,201 $ 9,962 $(2,533) $(2,327) $(1,803)
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