Overstock.com 2010 Annual Report Download - page 130

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Table of Contents
Overstock.com, Inc.
Notes to Consolidated Financial Statements (Continued)
19. EMPLOYEE RETIREMENT PLAN (Continued)
In December 2009, we implemented a Non Qualified Deferred Compensation plan for senior management. The plan allows eligible members of senior
management to defer their receipt of compensation from us, subject to the restrictions contained in the plan. Participants are 100% vested in their deferred
compensation amounts and the associated gains or losses. For our contributions, if any, and the associated gains or losses, the participants shall vest in those
deferred compensation amounts according to a vesting schedule that we shall determine at the time our contribution is made. As of December 31, 2010, we
have not made any contributions into the NQDC Plan. Participants are generally eligible to receive distributions from the plan two plan years subsequent to
the plan year their initial deferral contribution is made. Deferred compensation amounts are held in a "rabbi trust," which invests primarily in mutual funds.
The trust assets, which consist primarily of mutual funds, are recorded in our consolidated balance sheets because they are subject to the claims of our
creditors. The corresponding deferred compensation liability represents the amounts deferred by the plan participants plus or minus any earnings or losses on
the trust assets. The trust's assets totaled $148,000 while the NQDC Plan's liabilities totaled $154,000 at December 31, 2010. The assets and liabilities of the
NQDC Plan were included in Other long-term assets and Other long-term liabilities in the consolidated balance sheets. The gains and losses on the NQDC
Plan's assets were immaterial for the year ended December 31, 2010.
20. OTHER INCOME (EXPENSE), NET
Other income (expense), net consisted of the following (in thousands):
Years ended December 31,
2010 2009 2008
Gain from early retirement of 3.75% convertible senior notes $ 346 $ 2,810 $ 2,849
Loss on settlement of notes receivable — — (3,929)
Gift card breakage 909 343 —
Other 833 124 (366)
Total other income (expense), net $ 2,088 $ 3,277 $ (1,446)
F-41