Jack In The Box 2010 Annual Report Download - page 63

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Table of Contents


Additional year-end pension plan information The pension benefit obligation (“PBO”) is the actuarial present value of
benefits attributable to employee service rendered to date, including the effects of estimated future pay increases. The accumulated
benefit obligation (“ABO”) also reflects the actuarial present value of benefits attributable to employee service rendered to date but
does not include the effects of estimated future pay increases. Therefore, the ABO as compared to plan assets is an indication of the
assets currently available to fund vested and nonvested benefits accrued through the end of the fiscal year. The funded status is
measured as the difference between the fair value of a plan’s assets and its PBO.
As of October 3, 2010 and September 27, 2009, the qualified plan’s ABO exceeded the fair value of its plan assets. The non-
qualified plan is an unfunded plan and, as such, had no plan assets as of October 3, 2010 and September 27, 2009. The following
sets forth the PBO, ABO and fair value of plan assets of our pension plans as of the measurement date in each year :
 

Projected benefit obligation $ 321,941 $ 290,469
Accumulated benefit obligation 302,982 254,470
Fair value of plan assets 270,819 231,584

Projected benefit obligation $ 53,505 $ 49,445
Accumulated benefit obligation 53,282 46,875
Fair value of plan assets - -
Net periodic benefit cost The components of the fiscal year net periodic benefit cost were as follows 
  

Service cost $ 11,726 $ 9,045 $ 10,427
Interest cost 17,704 15,334 14,539
Expected return on plan assets (17,714) (17,485) (17,010)
Actuarial loss 9,969 55 971
Amortization of unrecognized prior service cost 124 124 124
Prior service cost due to curtailment 56 - -
Net periodic benefit cost $ 21,865 $ 7,073 $ 9,051

Service cost $ 829 $ 641 $ 802
Interest cost 3,003 2,907 2,552
Actuarial loss 1,189 396 533
Amortization of unrecognized prior service cost 465 707 733
Net periodic benefit cost $ 5,486 $ 4,651 $ 4,620

Service cost $ 106 $ 99 $ 222
Interest cost 1,435 1,199 1,176
Actuarial loss (gain) 64 (964) (821)
Amortization of unrecognized prior service cost 184 185 185
Net periodic benefit cost $ 1,789 $ 519 $ 762
Assumptions We determine our actuarial assumptions on an annual basis. In determining the present values of our benefit
obligations and net periodic benefit costs as of and for the fiscal years ended October 3, 2010,
F-23