AutoZone 2014 Annual Report Download - page 136

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66
The following table sets forth the plans’ funded status and amounts recognized in the Company’s Consolidated
Balance Sheets:
(in thousands)
August 30,
2014
August 31,
2013
Change in Projected Benefit Obligation:
Projected benefit obligation at beginning of year ...........................................
.
$ 256,780 $ 305,206
Interest cost .....................................................................................................
.
13,070
11,746
Actuarial losses (gains) ...................................................................................
.
38,659
(53,756)
Benefits paid ..................................................................................................
.
(7,543) (6,416)
Benefit obligations at end of year ..................................................................
.
$ 300,966 $ 256,780
Change in Plan Assets:
Fair value of plan assets at beginning of year .................................................
.
$ 208,120 $ 181,409
Actual return on plan assets ............................................................................
.
25,920
16,218
Employer contributions ...................................................................................
.
16,910
16,909
Benefits paid ..................................................................................................
.
(7,543) (6,416)
Fair value of plan assets at end of year ...........................................................
.
$ 243,407 $ 208,120
Amount Recognized in the Statement of Financial Position:
Current liabilities ............................................................................................
.
$ (192)
$ (124)
Long-term liabilities ........................................................................................
.
(57,367) (48,536)
Net amount recognized ...................................................................................
.
$ (57,559) $ (48,660)
Amount Recognized in Accumulated Other Comprehensive Loss and
not yet reflected in Net Periodic Benefit Cost:
Net actuarial loss .............................................................................................
.
$ (104,847) $ (83,601)
Accumulated other comprehensive loss ..........................................................
.
$ (104,847) $ (83,601)
Amount Recognized in Accumulated Other Comprehensive Loss and
not yet reflected in Net Periodic Benefit Cost and expected to be
amortized in next year’s Net Periodic Benefit Cost:
Net actuarial loss .............................................................................................
.
$ (8,941) $ (6,879)
Amount recognized .........................................................................................
.
$ (8,941) $ (6,879)
10-K