Big Lots 2009 Annual Report Download - page 48

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respectively, the plans’ measurement dates for financial statement reporting purposes. In accordance with
ASC 715-30-25 (formerly 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 20, 2010 for fiscal 2009, and
January 31, 2009 for fiscal 2008). 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 2009, 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;
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; and
vii. The aggregate incremental cost to Big Lots associated with Mr. Fishman’s non-business use of corporate
aircraft.
The aggregate incremental cost of non-business use of corporate aircraft is calculated based on our direct costs
associated with operating a flight, including expenses for fuel, oil, landing, ground services, on-board catering,
crew hotel and meals, empty return (deadhead) flights and other miscellaneous variable costs. The aggregate
incremental cost also includes per flight hour maintenance costs that were calculated based upon the total
maintenance costs incurred by us during the prior two years and dividing those costs by the number of hours flown
during that same period. Due to the fact that the corporate aircraft are used primarily for business travel, fixed
costs which do not change based on usage, such as pilot salaries, hangar fees, management fees, purchase costs,
depreciation and capitalized improvements to the aircraft, are excluded. We did not reimburse or otherwise “gross-
up” Mr. Fishman for any income tax obligation attributed to his non-business use of corporate aircraft. The benefit
of non-business use of corporate aircraft, which was approved by the Compensation Committee for fiscal 2009 as
part of his overall compensation package, is described in the “Overview of our Executive Compensation Program –
Elements of In-Service Compensation – Personal Benefits/Perquisites” section of the CD&A.
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
($)
Use of
Automobile
or
Automobile
Allowance
($)
Non-Business
Aircraft
Usage
($)
Mr. Fishman 8,697 — 9,271 1,380 2,520 21,009 65,749
Mr. Cooper 1,775 9,800 2,771 910 924 13,200 —
Mr. Waite 3,600 9,800 3,726 1,380 1,155 13,200 —
Mr. Martin 2,825 9,800 4,787 1,076 1,092 13,200 —
Ms. Bachmann 5,858 9,800 7,017 910 924 13,200 —