OfficeMax 2010 Annual Report Download - page 86

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Information for pension plans with an accumulated benefit obligation in excess of plan assets:
Pension Benefits
2010 2009
(thousands)
Projected benefit obligation .............................................. $1,263,206 $1,225,972
Accumulated benefit obligation ........................................... 1,263,206 1,225,762
Fair value of plan assets ................................................. 1,078,383 1,013,455
Components of Net Periodic Benefit Cost (Income)
The components of net periodic benefit cost (income) are as follows:
Pension Benefits Other Benefits
2010 2009 2008 2010 2009 2008
(thousands)
Service cost ............................. $ 3,164 $ 4,506 $ 2,132 $ 263 $ 184 $ 237
Interest cost ............................. 74,213 75,858 78,041 1,213 1,137 1,164
Expected return on plan assets .............. (83,494) (76,623) (90,078) — — —
Recognized actuarial loss .................. 13,239 10,330 11,775 224 147 269
Participant settlement expense .............. — — 2,331———
Amortization of prior service costs and other . . . 149 — — (4,006) (4,001) (3,997)
Net periodic benefit cost (income) ........... $ 7,271 $ 14,071 $ 4,201 $(2,306) $(2,533) $(2,327)
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Pension Benefits Other Benefits
2010 2009 2010 2009
(thousands)
Accumulated other comprehensive income at beginning of
year ............................................... $440,206 $ 590,213 $(26,627) $(31,895)
Net loss (gain) ......................................... (20,502) (139,677) 2,634 1,432
Amortization of net (loss) gain ............................ (13,239) (10,330) (224) (147)
Amortization of prior service (cost) credit ................... — — 4,006 4,001
Canadian rate adjustment ................................ — — 118 (18)
Accumulated other comprehensive income at end of year ....... $406,465 $ 440,206 $(20,093) $(26,627)
The estimated net loss for the defined benefit pension plans that will be amortized from accumulated other
comprehensive income into net periodic benefit cost over the next fiscal year is $17.3 million. There will be no
estimated prior service cost for the defined benefit pension plans amortized from accumulated other
comprehensive income into net periodic benefit cost over the next fiscal year. The estimated net loss and prior
service credit for the other defined benefit postretirement plans that will be amortized from accumulated other
comprehensive income into net periodic benefit cost over the next fiscal year is $0.3 million and $4.0 million,
respectively.
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