Washington Post 2015 Annual Report Download - page 125

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The total cost (benefit) arising from the Company’s defined benefit pension plans, including the portion included
in discontinued operations, consists of the following components:
Pension Plans
Year Ended December 31
(in thousands) 2015 2014 2013
Service cost .................................... $ 26,294 $ 27,792 $ 46,115
Interest cost .................................... 52,613 51,825 55,821
Expected return on assets ......................... (130,571) (120,472) (105,574)
Amortization of prior service cost .................. 320 329 2,809
Recognized actuarial (gain) loss .................... (11,925) (28,880) 2,756
Net Periodic (Benefit) Cost for the Year ........... (63,269) (69,406) 1,927
Curtailment .................................... (3,267) – (43,930)
Settlement ..................................... –– 39,995
Early retirement programs and special separation benefit
expense ..................................... 4,606 8,374 22,700
Total (Benefit) Cost for the Year .................. $ (61,930) $ (61,032) $ 20,692
Other Changes in Plan Assets and Benefit
Obligations Recognized in Other Comprehensive
Income
Current year actuarial loss (gain) ................... $ 222,894 $ 125,866 $(750,328)
Amortization of prior service cost .................. (320) (329) (2,809)
Recognized net actuarial gain (loss) ................. 11,925 28,880 (2,756)
Curtailment and settlement ........................ (51) (368) 94,520
Total Recognized in Other Comprehensive Income
(Before Tax Effects) .......................... $ 234,448 $ 154,049 $(661,373)
Total Recognized in Total (Benefit) Cost and Other
Comprehensive Income (Before Tax Effects) ..... $ 172,518 $ 93,017 $(640,681)
SERP
Year Ended December 31
(in thousands) 2015 2014 2013
Service cost ................................... $ 1,946 $ 1,493 $ 1,612
Interest cost ................................... 4,550 4,397 4,148
Amortization of prior service cost .................. 457 47 55
Recognized actuarial loss ........................ 3,015 1,544 2,481
Net Periodic Cost for the Year ................... 9,968 7,481 8,296
Special separation benefit expense ................. –2,422 –
Settlement .................................... –– (2,575)
Total Cost for the Year ......................... $ 9,968 $ 9,903 $ 5,721
Other Changes in Benefit Obligations Recognized in
Other Comprehensive Income
Current year actuarial (gain) loss .................. $ (6,544) $19,168 $ (9,180)
Current year prior service cost .................... –1,600 –
Amortization of prior service cost .................. (457) (47) (55)
Recognized net actuarial loss ..................... (3,015) (1,544) (2,481)
Curtailment and settlement ....................... (834) – (2,798)
Total Recognized in Other Comprehensive Income
(Before Tax Effects) .......................... $(10,850) $19,177 $(14,514)
Total Recognized in Total Cost and Other
Comprehensive Income (Before Tax Effects) ..... $ (882) $29,080 $ (8,793)
2015 FORM 10-K 110