Table of Contents Genesco Inc. and Subsidiaries Notes to Consolidated Financial Statements Note 10 Defined Benefit Pension Plans and Other Postretirement Benefit Plans, Continued Reconciliation of Accumulated Other Comprehensive Income Pension Benefits Other Benefits In thousands 2019 2019 Net (gain) loss $ 610 $ (3,299) Prior service cost — (3,658) Amortization of prior service cost — 294 Recognition of prior service cost due to curtailment — 1,199 Amortization of net actuarial loss (776) (42) Total Recognized in Other Comprehensive Income $ (166) $ (5,506) Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income $ (116) $ (5,954) The estimated net loss and prior service cost for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $0.3 million and $0.0 million, respectively. The estimated net gain and prior service cost for the other postretirement benefit plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year is $0.0 million and $0.9 million, respectively. For Fiscal 2019 and 2018, the discount rate was based on a yield curve of high quality corporate bonds with cash flows matching the Company’s planned expected benefit payments. The increase in the discount rate for Fiscal 2019 decreased the accumulated benefit obligation by $2.4 million and decreased the projected benefit obligation by $2.4 million. The decrease in the discount rate for Fiscal 2018 increased the accumulated benefit obligation by $1.9 million and increased the projected benefit obligation by $1.9 million. Weighted-average assumptions used to determine benefit obligations Weighted-average assumptions used to determine net periodic benefit costs Pension Benefits Other Benefits 2019 2018 2019 2018 Discount rate 4.05% 3.70% 3.48% 3.67% Rate of compensation increase NA NA NA NA Pension Benefits Other Benefits 2019 2018 2017 2019 2018 2017 Discount rate 3.70% 3.95% 4.30% 3.67% 3.98% 4.04% Expected long-term rate of return on plan assets 5.65% 6.05% 6.35% NA NA NA Rate of compensation increase NA NA NA NA NA NA 100