DSW 2011 Annual Report Download - page 74

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Table of Contents DSW INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Company made contributions of $3.1 million and $0.5 million to the pension plan during fiscal 2011 and 2010
, respectively. The Company
made no contributions during fiscal 2009 . The Company’
s funding policy is to contribute an amount annually that satisfies the minimum funding
requirements of ERISA and that is tax deductible under the Internal Revenue Code of 1986, as amended. If the plan is not terminated, the
following benefit payments are expected to be paid in the years indicated:
Amounts recognized in the consolidated balance sheets consisted of the following:
Accumulated other comprehensive loss is net of deferred tax assets of $4.6 million and $3.9 million as of January 28, 2012 and January 29, 2011
,
respectively. When the plan is settled, DSW expects to recognize the balance of accumulated other comprehensive loss as expense.
The components of net periodic benefit cost are comprised of the following for the periods presented:
F-30
January 28, 2012
January 29, 2011
(in thousands)
Change in projected benefit obligation:
Projected benefit obligation at beginning of year
$
18,700
$
17,6
Interest cost
1,003
9
Benefits paid
(1,155
)
(9
Actuarial loss
3,371
9
Projected benefit obligation at end of year
21,919
18,7
Accumulated benefit obligation at end of year
21,919
18,7
Change in plan assets:
Fair market value at beginning of year
13,519
12,3
Actuarial gain on plan assets
1,008
1,7
Employer contributions
3,100
5
Benefits paid
(1,155
)
(9
Other
(136
)
(1
Fair market value at end of year
$
16,336
$
13,5
Fiscal years Amount
(in thousands)
2012
$
909
2013
930
2014
957
2015
1,037
2016
1,070
2017-2021
5,903
January 28, 2012
January 29, 2011
(in thousands)
Other non-current liabilities
$
5,583
$
5,181
Accumulated other comprehensive loss
$
8,345
$
5,842