Harman Kardon 2008 Annual Report Download - page 86
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68
The estimated amount that will be amortized from accumulated other comprehensive loss into net
periodic benefit cost in fiscal 2009 is as follows:
($000s omitted)
Amounts expected to be recognized in net periodic benefit cost
Recognized net actuarial loss (gain) $ 1,643
Amortization of prior service cost (credit) 215
Total $ 1,858
Amounts for pension plans with accumulated benefit obligations in excess of fair value of plan assets are
as follows:
Years ended June 30,
($000s omitted) 2008 2007
Projected benefit obligation $ 130,674 120,058
Accumulated benefit obligation 122,101 66,624
Presented below are the components of net periodic benefit costs:
Years ended June 30,
($000s omitted) 2008 2007 2006
Components of net periodic benefit cost:
Service cost $ 2,529 3,292 2,679
Interest cost 7,153 6,010 4,354
Amortization of prior service cost 4,152 887 728
Amortization of net loss 1,349 2,147 2,003
Net periodic benefit cost $ 15,183 12,336 9,764
Plan Assumptions
The following table presents the assumptions used to determine our benefit obligations and net periodic
pension and other postretirement benefit costs:
June 30,
2008 2007 2006
Assumptions:
Weighted average rates used to determine benefit
obligations at June 30:
Range of discount rates for pension plans 5.50% to
6.73%
4.75%
to 6.15%
4.60%
to 6.25%
Range of rates of compensation increase
for pension plans
2.0% to
4.0%
2.0%
to 4.0%
2.0%
to 4.0%
Weighted average rates used to determine net periodic
benefit cost at June 30:
Range of discount rates for pension plans 5.50% to
6.73%
4.75%
to 6.25%
4.60%
to 5.10%
Range of rates of compensation increase
for pension plans
2.0% to
4.0%
2.0%
to 4.0%
2.0%
to 4.0%