Harman Kardon 2007 Annual Report Download - page 75

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62
Summary Plan Results
The following is a reconciliation of the benefit obligations, plan assets and funded status of the plans as
well as the amounts recognized on the balance sheet:
Years ended June 30,
($000s omitted) 2007
2006
Change in benefit obligation:
Benefit obligation at beginning of year $ 104,059
93,646
Service cost 3,292
2,679
Interest cost 6,010
4,354
Amendments 12,950
2,380
Actuarial gain (5,245)
(2,446)
Asset transfer ---
3,423
Benefits paid (4,233)
(2,731)
Foreign currency exchange rate changes 3,225
2,754
Benefit obligation at end of year $ 120,058
104,059
Change in plan assets:
Fair value of assets at beginning of year $ ---
387
Asset transfer ---
(409)
Employer contributions 1,680
1,037
Benefits paid (1,680)
(1,037)
Foreign currency exchange rate changes ---
22
Fair value of assets at end of year $ ---
---
Reconciliation of funded status:
Funded status $ (120,058)
(104,059)
Unrecognized prior service cost 7,484
7,100
Unrecognized net loss 16,591
22,895
Accrued pension cost $ (95,983)
(74,064)
Amounts recognized on the balance sheet:
Other assets $ ---
7,100
Accrued liabilities (9,229)
(51,480)
Other non-current liabilities (110,829)
(47,853)
Accumulated other comprehensive loss 24,075
18,169
Accrued pension cost $ (95,983)
(74,064)