Jack In The Box 2007 Annual Report Download - page 71

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Obligations and funded status — The following table provides a reconciliation of the changes in benefit
obligations, plan assets and funded status of our retirement plans as of June 30, 2007 and June 30, 2006.
2007 2006 2007 2006 2007 2006
Qualified Pension
Plans
Non-Qualified
Pension Plan
Postretirement
Health Plans
(In thousands)
Change in benefit obligation:
Obligation at beginning of year . . . . . . . . . . . . . . . . $196,031 $210,363 $ 36,753 $ 37,544 $ 16,683 $ 18,822
Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,846 12,042 734 771 213 272
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,201 12,258 2,401 2,067 1,081 1,023
Participant contributions . . . . . . . . . . . . . . . . . . . . — — — — 115 102
Actuarial loss (gain) . . . . . . . . . . . . . . . . . . . . . . . 9,924 (35,351) 1,852 (2,326) 1,169 (2,973)
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,107) (3,281) (2,112) (1,828) (774) (563)
Plan amendment and other . . . . . . . . . . . . . . . . . . . — — — 525 — —
Obligation at end of year . . . . . . . . . . . . . . . . . . . . $224,895 $196,031 $ 39,628 $ 36,753 $ 18,487 $ 16,683
Change in plan assets:
Fair value at beginning of year . . . . . . . . . . . . . . . . $185,540 $158,928 $ — $ — $ — $ —
Actual return on plan assets . . . . . . . . . . . . . . . . . . 26,246 15,893 — — — —
Participant contributions . . . . . . . . . . . . . . . . . . . . — — — — 115 102
Employer contributions . . . . . . . . . . . . . . . . . . . . . 9,000 14,000 2,112 1,828 659 461
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,107) (3,281) (2,112) (1,828) (774) (563)
Fair value at end of year . . . . . . . . . . . . . . . . . . . . $216,679 $185,540 $ — $ — $ — $ —
Reconciliation of funded status:
Funded status . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (8,216) $ (10,491) $(39,628) $(36,753) $(18,487) $(16,683)
Unrecognized net loss (gain) . . . . . . . . . . . . . . . . . — 34,376 — 7,308 — (6,338)
Unrecognized prior service cost . . . . . . . . . . . . . . . — 584 — 4,110 — 816
Unrecognized net transition obligation . . . . . . . . . . . — — — 142 — —
Employer contributions after measurement date . . . . . 3,000 — — — — —
Net amount recognized . . . . . . . . . . . . . . . . . . . . . $ (5,216) $ 24,469 $(39,628) $(25,193) $(18,487) $(22,205)
Amounts recognized prior to the adoption of
SFAS 158:
Accrued benefit liability . . . . . . . . . . . . . . . . . . . . . $ — $(33,362) $(22,205)
Prepaid benefit cost . . . . . . . . . . . . . . . . . . . . . . . . 24,469 — —
Minimum pension liability . . . . . . . . . . . . . . . . . . . — 3,917 —
Intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . — 4,252 —
Net amount recognized . . . . . . . . . . . . . . . . . . . . . $ 24,469 $(25,193) $(22,205)
Amounts recognized after the adoption of SFAS 158:
Noncurrent assets . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,638 $ — $ —
Current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . — (2,195) (790)
Noncurrent liabilities . . . . . . . . . . . . . . . . . . . . . . . (6,854) (37,433) (17,697)
Net amount recognized . . . . . . . . . . . . . . . . . . . . . $ (5,216) $(39,628) $(18,487)
Amounts in AOCI not yet reflected in net periodic
benefit cost:
Net actuarial loss (gain) . . . . . . . . . . . . . . . . . . . . . $ 30,339 $ 8,756 $ (4,238)
Prior service cost . . . . . . . . . . . . . . . . . . . . . . . . . 459 3,450 631
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 30,798 $ 12,206 $ (3,607)
Amounts in AOCI expected to be amortized in fiscal
2008 net periodic benefit cost:
Net actuarial loss (gain) . . . . . . . . . . . . . . . . . . . . . $ 868 $ 533 $ (821)
Prior service cost . . . . . . . . . . . . . . . . . . . . . . . . . 124 780 185
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 992 $ 1,313 $ (636)
F-21
JACK IN THE BOX INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)