DSW 2015 Annual Report Download - page 67

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Table of Contents
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
The following table provides additional detail regarding the composition of and reclassification adjustments out of accumulated other comprehensive loss
for the period presented:
Fiscal 2013
Location on Consolidated Statement of
Operations
(in thousands)
Beginning Balance
$ (8,758)
Reclassification adjustments:
Reclassification to net income due to settlement of the pension plan
14,224
Operating expenses
Tax benefit of the settlement of the pension plan
(5,289)
Income tax provision
Other changes to accumulated other comprehensive loss:
Change in minimum pension liability
(177)
Ending Balance
$ —
The components of net periodic benefit cost are comprised of the following for the period presented:
Fiscal 2013
(in thousands)
Interest cost $ 843
Expected return on plan assets (808)
Loss recognized due to settlements 14,224
Amortization of net loss 494
Net periodic benefit cost $ 14,753
For the period presented, other changes in plan assets and benefit obligations recognized in net periodic cost and other comprehensive (income) loss consist
of:
Fiscal 2013
(in thousands)
Net actuarial loss $ 671
Loss recognized due to settlements (14,224)
Amortization of net loss (494)
Total recognized in other comprehensive (income) loss (14,047)
Net periodic benefit cost 14,753
Total recognized in net periodic benefit cost and other comprehensive income $ 706

401(k) Plan- The Company sponsors a 401(k) Plan (the "Plan"). Eligible employees may contribute up to 50% of their compensation to the 401(k) Plan, on a
pre-tax basis, subject to Internal Revenue Service limitations. As of the first day of the month following an employee’s completion of six months and 500
hours of service as defined under the terms of the 401(k) Plan, the Company matches employee deferrals, 100% on the first 3% of eligible compensation
deferred and 50% on the next 2% of eligible compensation deferred. Additionally, the Company may contribute a discretionary profit sharing amount to the
Plan each year, but has not for the past three fiscal years. The Company incurred costs associated with the Plan of $3.8 million, $3.2 million and $3.1 million
for fiscal 2015, 2014 and 2013, respectively.
F- 28
Source: DSW Inc., 10-K, March 24, 2016 Powered by Morningstar® Document Research℠
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