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Table of Contents DSW INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
For the periods presented, other changes in plan assets and benefit obligations recognized in net periodic cost and other comprehensive income
loss consist of:
The expected long-
term rate of return was based on historical average annual returns for S&P 500, Russell 2000 and Barclay Capital for 5 years
and 10 years and since inception of the assets. Assumptions used in each year of the actuarial computations were to determine both the liability at
year end and the expense for the fiscal year:
The Company’
s investment strategy is to meet the liabilities of the plan as they are due and to maximize the return on invested assets within
appropriate risk tolerances. The targeted allocation ranges of plan assets by category are as follows:
The weighted average allocation of plan assets by category is as follows for the periods presented:
F-31
Fiscal years ended
January 28, 2012
January 29, 2011
January 30, 2010
(in thousands)
Interest cost
$
1,003
$
990
$
974
Expected return on plan assets
(945
)
(848
)
(755
)
Amortization of transition asset
(35
)
(38
)
Amortization of net loss
296
291
570
Net periodic benefit cost
$
354
$
398
$
751
Fiscal years ended
January 28, 2012
January 29, 2011
January 30, 2010
(in thousands)
Net actuarial loss (gain)
$
3,444
$
(1,254
)
$
972
Amortization of transition asset
35
38
Amortization of net loss
(296
)
(291
)
(570
)
Total recognized in other comprehensive (income)
loss
3,148
(1,510
)
440
Net periodic benefit cost
354
398
751
Total recognized in net periodic benefit cost and
other comprehensive income (loss)
$
3,502
$
(1,112
)
$
1,191
January 28, 2012
January 29, 2011
Discount rate
4.2
%
5.5
%
Expected long-term rate of return
7.0
%
7.0
%
Equity securities 45%-
65%
Fixed securities 35%-
55%
Fiscal years ended
January 28, 2012
January 29, 2011
Equity securities
49.4
%
54.4
%
Fixed securities
42.7
%
44.9
%
Cash and equivalents
7.9
%
0.7
%
Total
100.0
%
100.0
%