Jack In The Box 2008 Annual Report Download - page 67

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accordance with the provisions of SFAS 158, we will be required to value our plan assets and funded status as of the
end of our fiscal year starting in fiscal 2009. (in thousands):
2008 2007 2008 2007 2008 2007
Qualified Pension Plans Non-Qualified Pension
Plan Postretirement Health
Plans
Change in benefit obligation:
Obligation at beginning of year . . . . . . . . . . . $224,895 $196,031 $ 39,628 $ 36,753 $ 18,487 $ 16,683
Service cost. . . . . . . . . . . . . . . . . . . . . . . . . 10,427 9,846 802 734 222 213
Interest cost. . . . . . . . . . . . . . . . . . . . . . . . . 14,539 13,201 2,552 2,401 1,176 1,081
Participant contributions . . . . . . . . . . . . . . . . — — — — 125 115
Actuarial loss (gain) . . . . . . . . . . . . . . . . . . . (32,712) 9,924 (994) 1,852 (2,205) 1,169
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . (5,122) (4,107) (2,287) (2,112) (826) (774)
Plan amendment and other . . . . . . . . . . . . . . — — 933 — — —
Obligation at end of year . . . . . . . . . . . . . . . $212,027 $224,895 $ 40,634 $ 39,628 $ 16,979 $ 18,487
Change in plan assets:
Fair value at beginning of year . . . . . . . . . . . $216,679 $185,540 $ — $ — $ — $ —
Actual return on plan assets. . . . . . . . . . . . . . (7,785) 26,246 ————
Participant contributions . . . . . . . . . . . . . . . . — — — — 125 115
Employer contributions . . . . . . . . . . . . . . . . . 25,000 9,000 2,287 2,112 701 659
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . (5,122) (4,107) (2,287) (2,112) (826) (774)
Fair value at end of year . . . . . . . . . . . . . . . . $228,772 $216,679 $ — $ — $ — $ —
Reconciliation of funded status:
Funded status. . . . . . . . . . . . . . . . . . . . . . . . $ 16,745 $ (8,216) $(40,634) $(39,628) $(16,979) $(18,487)
Employer contributions after measurement
date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 3,000 ————
Net amount recognized . . . . . . . . . . . . . . . . . $ 16,745 $ (5,216) $(40,634) $(39,628) $(16,979) $(18,487)
Amounts recognized:
Noncurrent assets . . . . . . . . . . . . . . . . . . . . . $ 16,745 $ 1,638 $ — $ — $ — $ —
Current liabilities . . . . . . . . . . . . . . . . . . . . . — — (2,451) (2,195) (877) (790)
Noncurrent liabilities . . . . . . . . . . . . . . . . . . — (6,854) (38,183) (37,433) (16,102) (17,697)
Net amount recognized . . . . . . . . . . . . . . . . . $ 16,745 $ (5,216) $(40,634) $(39,628) $(16,979) $(18,487)
Amounts in AOCI not yet reflected in net
periodic benefit cost:
Net actuarial loss (gain) . . . . . . . . . . . . . . . . $ 21,451 $ 30,339 $ 7,229 $ 8,756 $ (5,622) $ (4,238)
Prior service cost . . . . . . . . . . . . . . . . . . . . . 335 459 3,650 3,450 446 631
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 21,786 $ 30,798 $ 10,879 $ 12,206 $ (5,176) $ (3,607)
Other changes in plan assets and benefit
obligations recognized in OCI:
Net gain . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (7,917) $ (994) $ (2,205)
Amortization of gain (loss) . . . . . . . . . . . . . . (971) (533) 821
Prior service cost . . . . . . . . . . . . . . . . . . . . . — 933 —
Amortization of prior service cost . . . . . . . . . (124) (733) (185)
Total recognized in OCI . . . . . . . . . . . . . . . . (9,012) (1,327) (1,569)
Net periodic benefit cost . . . . . . . . . . . . . . . . 9,051 4,620 762
Total recognized in other comprehensive
income . . . . . . . . . . . . . . . . . . . . . . . . . . $ 39 $ 3,293 $ (807)
Amounts in AOCI expected to be amortized
fiscal 2009 net periodic benefit cost:
Net actuarial loss (gain) . . . . . . . . . . . . . . . . $ 56 $ 396 $ (964)
Prior service cost . . . . . . . . . . . . . . . . . . . . . 124 707 185
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 180 $ 1,103 $ (779)
F-21
JACK IN THE BOX INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)