Big Lots 2012 Annual Report Download - page 145
Download and view the complete annual report
Please find page 145 of the 2012 Big Lots annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
 |
 |
65
BIG LOTS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 8 — Employee Benefit Plans (Continued)
liabilities themselves. Asset class returns are also judged relative to common benchmark indices such as the
Russell 3000 and Barclay’s Capital Long Credit Bond. Investment results and plan funded status are monitored
daily, with a detailed performance review completed on a quarterly basis.
The fair value of our Pension Plan assets at February 2, 2013 and January 28, 2012 by asset category was
comprised of the following:
February 2, 2013 January 28, 2012
(In thousands) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3
Cash and Cash Equivalents . . . . . . . . . . $ 821 $821 $ — $ — $ 1,196 $1,196 $ — $ —
Fixed Income Securities
U.S. Government . . . . . . . . . . . . . . . . — — — — 9,016 2,423 6,593 —
Corporate (a) . . . . . . . . . . . . . . . . . . . — — — — 6,776 — 6,776 —
Mortgage Bonds . . . . . . . . . . . . . . . . . — — — — 714 — 714 —
Common / Collective Trusts
Long Credit . . . . . . . . . . . . . . . . . . . . 30,924 — 30,924 — 17,728 — 17,728 —
Intermediate Credit. . . . . . . . . . . . . . . 14,878 — 14,878 — 11,258 — 11,258 —
Global Real Estate . . . . . . . . . . . . . . . 3,244 — 3,244 — 3,065 — 3,065 —
High Yield . . . . . . . . . . . . . . . . . . . . . 3,074 — 3,074 — 2,923 — 2,923 —
International Equities . . . . . . . . . . . . . 2,643 — 2,643 — 2,413 — 2,413 —
U.S. Equity Index. . . . . . . . . . . . . . . . 2,538 — 2,538 — 2,369 — 2,369 —
U.S. Small Cap. . . . . . . . . . . . . . . . . . 1,254 — 1,254 — 1,204 — 1,204 —
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $59,376 $821 $58,555 $ — $58,662 $3,619 $55,043 $ —
(a) This category represents investment grade bonds of corporate issuers from diverse industries.
Savings Plans
We have a savings plan with a 401(k) deferral feature and a nonqualified deferred compensation plan
with a similar deferral feature for eligible employees. We contribute a matching percentage of employee
contributions. Our matching contributions are subject to Internal Revenue Service (“IRS”) regulations. For
2012, 2011, and 2010, we expensed $5.6 million, $5.2 million, and $5.6 million, respectively, related to our
matching contributions. In connection with our nonqualified deferred compensation plan, we had liabilities of
$21.2 million and $20.4 million at February 2, 2013 and January 28, 2012, respectively.