XML 51 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Pension and Other Postretirement Benefit Plans
6 Months Ended
Oct. 26, 2013
Pension and Other Postretirement Benefit Plans

(14) Pension and Other Postretirement Benefit Plans

As of December 31, 1999, substantially all employees of the Company were covered under a noncontributory defined benefit pension plan (the Pension Plan). As of January 1, 2000, the Pension Plan was amended so that employees no longer earn benefits for subsequent service. Effective December 31, 2004, the Barnes & Noble.com Employees’ Retirement Plan (the B&N.com Retirement Plan) was merged with the Pension Plan. Substantially all employees of Barnes & Noble.com were covered under the B&N.com Retirement Plan. As of July 1, 2000, the B&N.com Retirement Plan was amended so that employees no longer earn benefits for subsequent service. Subsequent service continues to be the basis for vesting of benefits not yet vested at December 31, 1999 and June 30, 2000 for the Pension Plan and the B&N.com Retirement Plan, respectively, and the Pension Plan will continue to hold assets and pay benefits. The actuarial assumptions used to calculate pension costs are reviewed annually. Pension expense was $709 and $842 for the 13 weeks ended October 26, 2013 and October 27, 2012, respectively and $1,331 and $1,587 for the 26 weeks ended October 26, 2013 and October 27, 2012, respectively.

The Company maintains a defined contribution plan (the Savings Plan) for the benefit of substantially all employees. Total Company contributions charged to employee benefit expenses for the Savings Plan were $3,579 and $3,471 for the 13 weeks ended October 26, 2013 and October 27, 2012, respectively and $8,537 and $8,207 for the 26 weeks ended October 26, 2013 and October 27, 2012, respectively. In addition, the Company provides certain health care and life insurance benefits (the Postretirement Plan) to certain retired employees, limited to those receiving benefits or retired as of April 1, 1993. Total Company contributions charged to employee benefit expenses for the Postretirement Plan were $38 for the 13 weeks ended October 26, 2013 and October 27, 2012 and $75 for the 26 weeks ended October 26, 2013 and October 27, 2012.