Big Lots 2008 Annual Report Download - page 47

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(3) The amounts in this column reflect the compensation expense calculated in accordance with FAS 123R
for the respective fiscal years, disregarding any estimate of forfeitures related to service-based vesting
conditions, and thus may include amounts from option awards granted in and prior to the fiscal years
reported pursuant to the 1996 Incentive Plan and the 2005 Incentive Plan. See Note 7 (Share-Based Plans)
to the consolidated financial statements and the Critical Accounting Policies and Estimates – Share-Based
Compensation section of MD&A in our Form 10-K regarding the assumptions underlying the valuation of
stock option awards.
(4) The amounts in this column reflect cash bonuses earned under the 2006 Bonus Plan for performance during
each of the last three fiscal years. A portion of the cash bonuses earned by Mr. Cooper and Mr. Martin for
fiscal 2008 and fiscal 2006 performance and included in this column was deferred into the Supplemental
Savings Plan upon the payment of such amounts in fiscal 2009 and fiscal 2007, respectively. The
Supplemental Savings Plan is described in the narrative disclosure accompanying the Nonqualified Deferred
Compensation table below.
(5) The amounts in this column reflect the actuarial increase in the present value of Mr. Waite’s benefits under
the Pension Plan and the Supplemental Pension Plan determined from December 31, 2007 to January 31,
2009, from December 31, 2006 to December 31, 2007, and from December 31, 2005 to December 31, 2006,
respectively, the plans’ measurement dates for financial statement reporting purposes. In accordance with
FAS No. 158, in fiscal 2008, we changed the plans’ measurement dates from December 31 to the date of our
year-end consolidated balance sheet (January 31, 2009). Previously, the plans had a measurement date of
December 31. The change was applied prospectively, so the first plan year reflecting this change (fiscal 2008)
consisted of 13 months. See Note 8 (Employee Benefit Plans) to the consolidated financial statements and
the Critical Accounting Policies and Estimates – Pension section of MD&A in our Form 10-K regarding the
measurement dates, interest rate, mortality rate and other assumptions underlying the actuarial calculations.
(6) For fiscal 2008, the amounts in this column include the following compensation for the named executive
officers, as more fully described in the table included with this footnote:
i. The reimbursement of taxes related to our payment of healthcare costs covered by the Executive Benefit
Plan and long-term disability insurance premiums;
ii. Big Lots matching contributions made pursuant to the Savings Plan and the Supplemental Savings
Plan, both of which are described in the narrative disclosure accompanying the Nonqualified Deferred
Compensation table below;
iii. Big Lots paid healthcare costs covered by the Executive Benefit Plan, which is described in the
“Overview of our Executive Compensation Program – Elements of In-Service Compensation – Personal
Benefits/Perquisites” section of the CD&A;
iv. Big Lots paid premiums for life insurance, which is generally available to all full-time employees;
v. Big Lots paid premiums for long-term disability insurance, which is described in the “Overview of
our Executive Compensation Program – Elements of In-Service Compensation – Personal Benefits/
Perquisites” section of the CD&A; and
vi. The cost to Big Lots associated with the use of an automobile or the receipt of a cash allowance in lieu
of an automobile.
Name
Reimbursement
of Taxes
($)
Big Lots
Contributions
to Defined
Contribution
Plans
($)
Big Lots Paid
Healthcare
Costs under
Executive
Benefit Plan
($)
Big Lots
Paid Life
Insurance
Premiums
($)
Big Lots
Paid
Long-Term
Disability
Insurance
Premiums
($)
Use of
Automobile
or
Automobile
Allowance
($)
Mr. Fishman 4,248 — 3,450 1,380 2,428 21,119
Mr. Cooper 3,469 9,200 6,485 911 903 13,200
Mr. Waite 5,090 9,200 5,897 1,380 1,147 13,200
Mr. Martin 3,190 9,200 5,712 1,076 1,082 13,200
Mrs. Bachmann 3,141 9,200 5,780 911 911 13,200