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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended March 1, 2014, March 2, 2013 and March 3, 2012
(In thousands, except per share amounts)
14. Reclassifications from Accumulated Other Comprehensive Loss (Continued)
The following table summarizes the effects on net income (loss) of significant amounts classified
out of each component of accumulated other comprehensive loss for the fiscal years ended March 1,
2014, March 2, 2013 and March 3, 2012:
Fiscal Years Ended March 1, 2014, March 2, 2013 and March 3, 2012
Amount reclassified from
accumulated other
comprehensive loss
March 1, March 2, March 3,
Details about accumulated other 2014 2013 2012 Affected line item in the consolidated
comprehensive loss components (52 Weeks) (52 Weeks) (53 Weeks) statements of operations
Defined benefit pension plans
Amortization of unrecognized
prior service cost(a) ...... $ (240) $ (240) $ (639) Selling, general and
administrative expenses
Amortization of unrecognized
net loss(a) ............. (4,584) (4,792) (1,853) Selling, general and
administrative expenses
(4,824) (5,032) (2,492) Total before income tax expense
— — — Income tax expense(b)
$(4,824) $(5,032) $(2,492) Net of income tax expense
(a)—See Note 15, Retirement Plans for additional details.
(b)—Income tax expense is $0 due to the valuation allowance. See Note 5, Income Taxes for additional
details.
15. Retirement Plans
Defined Contribution Plans
The Company and its subsidiaries sponsor several retirement plans that are primarily 401(k)
defined contribution plans covering nonunion associates and certain union associates. The Company
does not contribute to all of the plans. In accordance with those plan provisions, the Company matches
100% of a participant’s pretax payroll contributions, up to a maximum of 3% of such participant’s
pretax annual compensation. Thereafter, the Company will match 50% of the participant’s additional
pretax payroll contributions, up to a maximum of 2% of such participant’s additional pretax annual
compensation. Total expense recognized for the above plans was $57,857 in fiscal 2014, $56,480 in fiscal
2013 and $57,036 in fiscal 2012.
The Company sponsors a Supplemental Executive Retirement Plan (‘‘SERP’’) for its officers,
which is a defined contribution plan that is subject to a five year graduated vesting schedule. The
expense recognized for the SERP was $11,531 in fiscal 2014, $7,469 in fiscal 2013 and $4,582 in fiscal
2012.
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