Pep Boys 2012 Annual Report Download - page 103

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THE PEP BOYS—MANNY, MOE & JACK AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years ended February 2, 2013, January 28, 2012 and January 29, 2011
NOTE 13—BENEFIT PLANS (Continued)
The following table sets forth the reconciliation of the benefit obligation, fair value of plan assets
and funded status of the Company’s defined benefit plans:
Year ended
February 2, January 28,
(dollar amounts in thousands) 2013 2012
Change in benefit obligation:
Benefit obligation at beginning of year ................. $53,974 $ 46,118
Interest cost .................................... 2,170 2,558
Actuarial loss ................................... 3,621 6,952
Settlements paid ................................. (58,134) —
Benefits paid ................................... (1,631) (1,654)
Benefit obligation at end of year ..................... $ — $53,974
Change in plan assets:
Fair value of plan assets at beginning of year ............ $43,602 $ 39,063
Actual return on plan assets (net of expenses) ........... 2,050 3,193
Employer contributions ............................ 14,113 3,000
Settlements paid ................................. (58,134) —
Benefits paid ................................... (1,631) (1,654)
Fair value of plan assets at end of year ................. $ — $43,602
Unfunded status at fiscal year end .................... $ — $(10,372)
Net amounts recognized on consolidated balance sheet at
fiscal year end
Noncurrent benefit liability (included in other long-term
liabilities) .................................... $ — $(10,372)
Net amount recognized at fiscal year end ............... $ — $(10,372)
Amounts recognized in accumulated other comprehensive
income (pre-tax) at fiscal year end
Actuarial loss ................................... $ — $15,407
Prior service cost ................................ — 26
Net amount recognized at fiscal year end ............... $ — $15,433
Other comprehensive (income) loss attributable to change in
pension liability recognition ....................... $(15,433) $ 4,991
Accumulated benefit obligation at fiscal year end ......... $ — $53,974
Other information
Employer contributions expected in fiscal 2013 ........... $ — $ —
Estimated actuarial loss and prior service cost amortization in
fiscal 2013 .................................... $ — $ 2,300
64