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F- 31
Amounts recognized in the consolidated balance sheets consisted of the following as of the periods presented:
February 2, 2013 January 28, 2012
(in thousands)
Current liabilities $ 4,544 —
Other non-current liabilities — $ 5,583
Accumulated other comprehensive loss $ 8,758 $ 8,345
Accumulated other comprehensive loss is net of deferred tax assets of $5.4 million and $4.6 million as of February 2, 2013 and
January 28, 2012, respectively. When the plan is settled, DSW expects to reclassify the balance of accumulated other
comprehensive loss to net income.
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:
Fiscal years Amount
(in thousands)
2013 $ 960
2014 989
2015 1,071
2016 1,098
2017 1,146
2018-2022 6,119
The components of net periodic benefit cost are comprised of the following for the periods presented:
Fiscal years ended
February 2, 2013 January 28, 2012 January 29, 2011
(in thousands)
Interest cost $ 919 $ 1,003 $ 990
Expected return on plan assets (1,208)(945)(848)
Loss recognized due to settlements 67 — —
Amortization of transition asset — — (35)
Amortization of net loss 398 296 291
Net periodic benefit cost $ 176 $ 354 $ 398
For the periods presented, other changes in plan assets and benefit obligations recognized in net periodic cost and other
comprehensive income loss consist of:
Fiscal years ended
February 2, 2013 January 28, 2012 January 29, 2011
(in thousands)
Net actuarial loss (gain) $ 1,717 $ 3,444 $ (1,254)
Amortization of transition asset — — 35
Loss recognized due to settlements (67) — —
Amortization of net loss (398)(296)(291)
Total recognized in other comprehensive (income) loss 1,252 3,148 (1,510)
Net periodic benefit cost 176 354 398
Total recognized in net periodic benefit cost and other
comprehensive income (loss) $ 1,428 $ 3,502 $ (1,112)
Table of Contents DSW INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS