Harris Teeter 2012 Annual Report Download - page 47

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The SERP is unfunded, with benefit payments being made from the Company’s general assets. Assets of the Pension Plan
are invested in a directed trust. The following table sets forth by level, within the fair value hierarch, the Pension Plan’s assets
at fair value as of the fiscal year end:
Fair Value
Quoted Prices
in Active
Markets for
Identical
Instruments
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Fair Value Measurement as of October 2, 2012:
Cash and Cash Equivalents $ 3,043 $ 3,043 $ - $ -
Common Collective Trust Funds 81,422 - 81,422 -
Corporate Bonds 55,275 55,275 - -
Municipal Bonds 11,579 11,579 - -
U.S. Government Securities 1,540 1,540 - -
Other Fixed Income Securities 5,354 5,354 - -
Asset-Backed Securities 11,486 - 11,486 -
Equities 21,588 21,588 - -
Hedge Funds 15,568 - - 15,568
Mutual Funds 77,344 77,344 - -
Group Annuity Contract 2,315 - 2,315 -
Total Assets $286,514 $175,723 $95,223 $15,568
There were no transfers into Level 3 during fiscal 2012. The $21,751,000 reduction in market value from fiscal 2011 to
fiscal 2012 was comprised of net realized and unrealized gains of $814,000 and net sales and settlements of $22,565,000.
Fair Value
Quoted Prices
in Active
Markets for
Identical
Instruments
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Fair Value Measurement as of October 2, 2011:
Cash and Cash Equivalents $ 4,794 $ 4,794 $ - $ -
Common Collective Trust Funds 87,926 - 87,926 -
Corporate Bonds 45,077 45,077 - -
Municipal Bonds 11,262 11,262 - -
U.S. Government Securities 4,047 4,047 - -
Other Fixed Income Securities 5,639 5,639 - -
Asset-Backed Securities 10,882 - 10,882 -
Equities 25,603 25,603 - -
Hedge Funds 37,319 - - 37,319
Mutual Funds 41,631 41,631 - -
Group Annuity Contract 2,194 - 2,194 -
Total Assets $276,374 $138,053 $101,002 $37,319
Transfers into Level 3 during fiscal 2011 included the Hedge Funds investment due to changes in the observability of
significant inputs.
Following is a description of the valuation methodologies used for pension assets measured at fair value.
Cash and Cash Equivalents – Fair values of cash equivalents are largely provided by independent pricing services.
HARRIS TEETER SUPERMARKETS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (CONTINUED)
43