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SEC Filings

PREM14A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form PREM14A on 06/26/2015
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Table of Contents

BRIGHT HOUSE NETWORKS, LLC AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements

(Unaudited)

 

(6) Other Liabilities

Other liabilities consist of the following at:

 

     March 31, 2015      December 31,
2014
 
     (In thousands)  

Accrued pension benefits

   $ 423,335         420,648   

Other

     59,322         59,074   
  

 

 

    

 

 

 

Total other liabilities

$ 482,657      479,722   
  

 

 

    

 

 

 

 

(7) Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss is included in Member’s equity and consists of the following:

 

     March 31, 2015      December 31,
2014
 
     (In thousands)  

Cumulative net unrecognized loss on pension and other postretirement employee benefits

   $ 220,743         223,918   
  

 

 

    

 

 

 

 

(8) Pension and Other Postretirement Benefits

The Company sponsors a funded pension plan, the Bright House Networks Pension Plan (the Plan). The Plan provides employees with retirement benefits in accordance with benefit provision formulas based on years of service and compensation. Additionally, the Company sponsors unfunded supplemental pension benefit plans for a select group of management and highly compensated employees and provides postretirement healthcare to retirees and eligible dependents.

A summary of the components of the net periodic benefit costs for the Company’s pension and postretirement benefit plans are as follows:

 

     For the Three
Months Ended
March 31, 2015
     For the Three
Months Ended
March 31, 2014
 
     (In thousands)  

Service cost

   $ 10,850         8,389   

Interest cost

     7,599         6,313   

Expected return on plan assets

     (5,425      (6,998

Amortization of net loss

     3,175         932   
  

 

 

    

 

 

 

Net periodic benefit costs

$ 16,199      8,636   
  

 

 

    

 

 

 

Contributions to the Plan

$ 9,637      11,000   

 

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