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[NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS continued ]
34
2005 Annual ReportBarnes & Noble, Inc.
The Company’s Pension Plan allocation at January 28, 2006 and January 29, 2005 are as follows:
Percentage of Plan Assets
Fiscal Year 2005 2004
Asset Category
Large capitalization equities
24.7% 24.8%
Mid capitalization equities
15.0 15.0
Small capitalization equities
15.0 14.9
International equities
5.3 5.0
Fixed income core bonds
34.6 35.0
Global bonds
4.9 5.0
Cash
0.5 0.3
100.0% 100.0%
The Company’s investment strategy is to obtain the highest possible return commensurate with the level of assumed
risk. Investments are well diversified within each of the major asset categories.
Annualized returns for periods ending January 28, 2006 have been as follows: 8.1% for one year and 14.6% for three years.
The Company expects that there will be no minimum regulatory funding requirements that will need to be made during
the fiscal year ending February 3, 2007. No decision has been made at this time on Company contributions.
Expected benefit payments are as follows over future years:
Postretirement Plan
Gross Before
Medicare Expected Net Including
Pension Part D Medicare Part Medicare Part
Fiscal Year Plan Subsidies D Subsidies D Subsidies
2006 $ 901 $ 295 $ 56 $ 239
2007 997 318 58 260
2008 1,142 334 61 273
2009 1,229 338 62 276
2010 1,325 343 62 281
2011-2015 8,932 1,698 299 1,399