Pep Boys 2010 Annual Report Download - page 124

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THE PEP BOYS—MANNY, MOE & JACK AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years ended January 29, 2011, January 30, 2010 and January 31, 2009
NOTE 13—BENEFIT PLANS (Continued)
ranges. The weighted average asset allocations and asset allocation ranges by asset category are as
follows:
Weighted Average Asset Allocations
Asset
January 29, January 30, Allocation
2011 2010 Ranges
Total equities ........................... 52% 48% 45–55%
Domestic equities ...................... 31% 32% 28–38%
Non-US equities ....................... 21% 17% 12–22%
Fixed income ........................... 48% 52% 45–55%
The table below provides the fair values of the Company’s pension plan assets at January 29, 2011,
by asset category. The table also identifies the level of inputs used to determine the fair value of assets
in each category (see Note 16 for definition of levels). The significant amount of Level 2 investments in
the table results from including in this category, investments in pooled funds that contain investments
with values based on quoted market prices, but for which the funds are not valued on a quoted market
basis, and fixed income securities that are valued using model based pricing services.
Fair Value at
(dollar amounts in thousands) January 29,
Asset Category 2011 Level 1 Level 2 Level 3
Money market fund ................................ $ 48 $48 $ — $ —
Domestic equities
US Small/Mid Cap Growth ......................... 1,299 — 1,299 —
US Small/Mid Cap Value .......................... 1,298 — 1,298 —
US Large Cap Passive ............................ 9,566 — 9,566 —
Non-U.S. equities
Non-US Core Equity ............................. 8,087 — 8,087 —
Fixed income
Long Duration ................................. 13,271 — 13,271 —
Long Duration Passive ............................ 4,244 — 4,244 —
Guaranteed annuity contracts ....................... 1,250 — — 1,250
Total ....................................... $39,063 $48 $37,765 $1,250
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