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NDAQ » Topics » Components of Net Periodic Benefit Cost

This excerpt taken from the NDAQ 10-Q filed May 8, 2009.

Components of Net Periodic Benefit Cost

The following table sets forth the components of net periodic pension, SERP and post-retirement benefits cost for both the NASDAQ OMX Benefit Plans and the NASDAQ OMX PHLX Benefit Plans recognized in compensation and benefits expense in the Condensed Consolidated Statements of Income. The NASDAQ OMX PHLX benefit costs are from the date of acquisition and thus are not reflected in the three months ended March 31, 2008:

 

     Three Months Ended
March 31,		  
     2009     2008  
     (in millions)  

Components of net periodic benefit cost

     

Service cost

    $ 0.2     $ —    

Interest cost

      1.9       0.8  

Expected return on plan assets

      (0.9 )     (0.6 )

Recognized net actuarial loss

      0.2       0.1  
                

Benefit cost

    $ 1.4     $ 0.3  
                
These excerpts taken from the NDAQ 10-K filed Feb 27, 2009.

Components of Net Periodic Benefit Cost

 

The following table sets forth the components of net periodic pension, SERP and post-retirement benefits cost from both the NASDAQ OMX Benefit Plans and the NASDAQ OMX PHLX Benefit Plans recognized in compensation and benefits expense in the Consolidated Statements of Income. The NASDAQ OMX PHLX benefit costs are from the date of acquisition:

 

     Year Ended December 31,  
     2008     2007     2006  
     (in thousands)  

Components of net periodic benefit cost

       

Service cost

    $ 1,023     $ 2,302     $ 6,777  

Interest cost

      4,303       3,492       3,998  

Expected return on plan assets

      (3,422 )     (2,797 )     (2,831 )

Amortization of unrecognized transition asset

      12       (37 )     (46 )

Recognized net actuarial loss

      204       608       1,269  

Prior service cost recognized

      —         (191 )     (510 )

Settlement loss recognized

      —         905       443  

Curtailment gain

      (759 )     (6,028 )     —    
                        

Benefit cost (gain)

    $ 1,361     $ (1,746 )   $ 9,100  
                        

 

Components of Net Periodic Benefit Cost

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The following table sets forth the components of net periodic pension, SERP and post-retirement benefits cost from both the
NASDAQ OMX Benefit Plans and the NASDAQ OMX PHLX Benefit Plans recognized in compensation and benefits expense in the Consolidated Statements of Income. The NASDAQ OMX PHLX benefit costs are from the date of acquisition:

STYLE="margin-top:0px;margin-bottom:0px"> 















































































































































































































   Year Ended December 31, 
   2008  2007  2006 
   (in thousands) 

Components of net periodic benefit cost

    

Service cost

  $1,023  $2,302  $6,777 

Interest cost

   4,303   3,492   3,998 

Expected return on plan assets

   (3,422)  (2,797)  (2,831)

Amortization of unrecognized transition asset

   12   (37)  (46)

Recognized net actuarial loss

   204   608   1,269 

Prior service cost recognized

   —     (191)  (510)

Settlement loss recognized

   —     905   443 

Curtailment gain

   (759)  (6,028)  —   
             

Benefit cost (gain)

  $1,361  $(1,746) $9,100 
             

 

This excerpt taken from the NDAQ 10-Q filed Nov 7, 2008.

Components of Net Periodic Benefit Cost

The following table sets forth the components of net periodic pension, SERP and post-retirement benefits cost from both the NASDAQ OMX Benefit Plans and the PHLX Benefit Plans recognized in compensation and benefits expense in the Condensed Consolidated Statements of Income. The PHLX benefit costs are from the date of acquisition:

 

     Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
     2008     2007     2008     2007  
     (in thousands)  

Components of net periodic benefit cost

         

Service cost

    $ 1,025     $ 4     $ 1,034     $ 2,298  

Interest cost

      1,356       826       2,968       2,675  

Expected return on plan assets

      (982 )     (706 )     (2,294 )     (2,096 )

Amortization of unrecognized transition asset

      6       (9 )     11       (28 )

Recognized net actuarial loss

      152       12       380       535  

Prior service cost recognized

      144       4       144       (196 )

Curtailment (gain)/settlement loss recognized

      —         750       —         (5,278 )
                                

Benefit cost (gain)

    $ 1,701     $ 881     $ 2,243     $ (2,090 )
                                
This excerpt taken from the NDAQ 10-Q filed Aug 8, 2008.

Components of Net Periodic Benefit Cost

The following table sets forth the components of net periodic pension, SERP and post-retirement benefits cost recognized in compensation and benefits expense in the Condensed Consolidated Statements of Income:

 

     Three Months Ended
June 30,		     Six Months Ended
June 30,		  
     2008     2007     2008     2007  
     (in thousands)  

Components of net periodic benefit cost

         

Service cost

    $ 5     $ 403     $ 9     $ 2,293  

Interest cost

      805       811       1,611       1,849  

Expected return on plan assets

      (656 )     (720 )     (1,312 )     (1,390 )

Amortization of unrecognized transition asset

      3       (9 )     6       (19 )

Recognized net actuarial loss

      114       206       228       524  

Prior service cost recognized

      —         (73 )     —         (200 )

Curtailment (gain)/settlement loss recognized

      —         435       —         (6,028 )
                                

Benefit cost (gain)

    $ 271     $ 1,053     $ 542     $ (2,971 )
                                
This excerpt taken from the NDAQ 10-Q filed May 9, 2008.

Components of Net Periodic Benefit Cost

The following table sets forth the components of net periodic pension, SERP and post-retirement benefits cost recognized in compensation and benefits expense in the Condensed Consolidated Statements of Income:

 

     Three Months Ended
March 31,		  
     2008     2007  
     (in thousands)  

Components of net periodic benefit cost

     

Service cost

    $ 5     $ 1,890  

Interest cost

      805       1,038  

Expected return on plan assets

      (656 )     (669 )

Amortization of unrecognized transition asset

      3       (9 )

Recognized net actuarial loss

      114       317  

Prior service cost recognized

      —         (127 )

Curtailment gain

      —         (6,463 )
                

Benefit cost (gain)

    $ 271     $ (4,023 )
                
This excerpt taken from the NDAQ 10-K filed Feb 25, 2008.

Components of Net Periodic Benefit Cost

 

The following table sets forth the components of net periodic pension, SERP and post-retirement benefits cost recognized in compensation and benefits expense in the Consolidated Statements of Income:

 

     Year Ended December 31,  
     2007     2006     2005  
     (in thousands)  

Components of net periodic benefit cost

       

Service cost

    $ 2,302     $ 6,777     $ 6,294  

Interest cost

      3,492       3,998       4,057  

Expected return on plan assets

      (2,797 )     (2,831 )     (2,655 )

Amortization of unrecognized transition asset

      (37 )     (46 )     (57 )

Recognized net actuarial loss

      608       1,269       1,655  

Prior service cost recognized

      (191 )     (510 )     (270 )

Settlement loss recognized

      905       443       —    

Curtailment gain

      (6,028 )     —         —    
                        

Benefit cost (gain)

    $ (1,746 )   $ 9,100     $ 9,024  
                        

 

This excerpt taken from the NDAQ 10-K filed Feb 28, 2007.

Components of Net Periodic Benefit Cost

 

The following table sets forth the components of net periodic pension, SERP and post-retirement benefits cost recognized in compensation and benefits expense in the Consolidated Statements of Income:

 

     Year Ended December 31,  
         2006             2005             2004      
     (in thousands)  

Components of net periodic benefit cost

       

Service cost

    $ 6,777     $ 6,294     $ 6,467  

Interest cost

      3,998       4,057       4,361  

Expected return on plan assets

      (2,831 )     (2,655 )     (2,974 )

Amortization of unrecognized transition asset

      (46 )     (57 )     (58 )

Recognized net actuarial loss

      1,269       1,655       902  

Prior service cost recognized

      (510 )     (270 )     (319 )

Settlement loss recognized

      443       —         207  
                        

Benefit cost

    $ 9,100     $ 9,024     $ 8,586  
                        

 

F-41

Table of Contents

The Nasdaq Stock Market, Inc.

 

Notes to Consolidated Financial Statements—(Continued)

 

During 2006 and 2004 there were settlement losses of $0.4 million and $0.2 million, respectively, due to early retirements for employees included within the SERP. There were no settlement losses in 2005.

 

EXCERPTS ON THIS PAGE:

10-Q
May 8, 2009
10-K (2 sections)
Feb 27, 2009
10-Q
Nov 7, 2008
10-Q
Aug 8, 2008
10-Q
May 9, 2008
10-K
Feb 25, 2008
10-K
Feb 28, 2007

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