Staples 2013 Annual Report Download - page 163

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STAPLES, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (continued)
C-32
The following table presents the changes in pension plan assets for each of the defined benefit pension plans during 2012
and 2013 (in thousands):
U.S. Plans
International
Plans Total
Fair value of plan assets at January 28, 2012 $ 29,640 $ 1,064,669 $ 1,094,309
Actual return on plan assets 3,301 92,975 96,276
Employer's contributions 1,295 14,048 15,343
Plan participants' contributions — 1,183 1,183
Benefits paid (1,632)(54,815)(56,447)
Other — 2,819 2,819
Amortization of unrecognized losses (331)(1,276)(1,607)
Currency translation adjustments 45,955 45,955
Fair value of plan assets at February 2, 2013 $ 32,273 $ 1,165,558 $ 1,197,831
Actual return on plan assets 2,451 44,619 47,070
Employer's contributions 740 14,701 15,441
Plan participants' contributions — 1,041 1,041
Benefits paid (1,707)(55,765)(57,472)
Other — 3,677 3,677
Divestiture — (14,116)(14,116)
Amortization of unrecognized losses (378)(11,668)(12,046)
Currency translation adjustments — (6,901)(6,901)
Fair value of plan assets at February 1, 2014 $ 33,379 $ 1,141,146 $ 1,174,525
The funded status for the U.S. Plans and International Pension Plans at February 1, 2014 was $4.8 million underfunded
and $65.0 million overfunded, respectively. The funded status for the U.S. Plans and International Pension Plans at February 2,
2013 was $8.4 million underfunded and $42.2 million overfunded, respectively.
Amounts recognized in the consolidated balance sheet consist of the following (in thousands):
February 1, 2014
Pension Plans
Post-retirement
Benefit Plans
U.S. Plans
International
Plans Total Total
Prepaid benefit cost (included in other assets) $ — $ 87,544 $ 87,544 $ —
Current liability from discontinued operations — — — —
Accrued benefit liability (included in other long-term
obligations) (4,804)(22,499)(27,303)(38,729)
Accumulated other comprehensive loss 5,383 223,378 228,761 22,989
Net amount recognized $ 579 $ 288,423 $ 289,002 $ (15,740)