Rite Aid 2015 Annual Report Download - page 113

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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended February 28, 2015, March 1, 2014 and March 2, 2013
(In thousands, except per share amounts)
18. Multiemployer Plans that Provide Pension Benefits (Continued)
The Company was listed in these plans Forms 5500 as providing more than 5 percent of the total
contributions for the following plans and plan years:
Year Contributions to Plan Exceeded
More Than 5 Percent of Total
Contributions (as of the Plan’s
Pension Fund Year-End)
UFCW Pharmacists, Clerks and Drug Employers Pension Trust
(formerly Northern California Pharmacists, Clerks and Drug
Employers Pension Plan) ................................ 12/31/2013 and 12/31/2012
Southern California United Food and Commercial Workers Unions
and Drug Employers Pension Fund ......................... 12/31/2013 and 12/31/2012
United Food & Commercial Workers Union- Employer Pension Fund . 9/30/2013 and 9/30/2012
United Food & Commercial Workers Union Local 880—Mercantile
Employers Joint Pension Fund ............................ 9/30/2013 and 9/30/2012
At the date the Company’s financial statements were issued, certain Forms 5500 were not
available.
During fiscal 2015, the Company did not withdrawal from any plans or incur any additional
withdrawal liabilities.
During fiscal 2014, the Company incurred an additional withdrawal liability of $1,000 associated
with the withdrawal from the Central Ohio Locals 1059 and 75 effective March 31, 2013.
During fiscal 2013, the Company withdrew from the 1360 New Jersey Pension effective August
2011 and incurred a $2,032 withdrawal liability and Central Ohio Locals 1059 and 75 effective
March 31, 2013 and incurred a liability of $3,000.
19. Commitments, Contingencies and Guarantees
Legal Matters
The Company is a party to legal proceedings, investigations and claims in the ordinary course of its
business, including the matters described below. The Company records accruals for outstanding legal
matters when it believes it is probable that a loss will be incurred and the amount can be reasonably
estimated. The Company evaluates, on a quarterly basis, developments in legal matters that could affect
the amount of any accrual and developments that would make a loss contingency both probable and
reasonably estimable. If a loss contingency is not both probable and estimable, the Company does not
establish an accrued liability.
The Company’s contingencies are subject to significant uncertainties, including, among other
factors: (i) proceedings are in early stages; (ii) whether class or collective action status is sought and
the likelihood of a class being certified; (iii) the outcome of pending appeals or motions; (iv) the extent
of potential damages, fines or penalties, which are often unspecified or indeterminate; (v) the impact of
discovery on the matter; (vi) whether novel or unsettled legal theories are at issue; (vii) there are
significant factual issues to be resolved; and/or (viii) in the case of certain government agency
113