NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Discretionary Company contributions are determined by the Board of Directors and may be in the form of cash or the Company’s stock. The Company has generally contributed a match of up to 4% of an employee’s annual eligible compensation. For the fiscal years ended September 30, 2011, October 1, 2010, and October 2, 2009, the Company contributed shares of 0.2 million, 0.3 million, and 0.7 million, respectively, and recognized expense of $5.5 million, $4.8 million, and $4.6 million, respectively. Pre-Merger Defined Benefit Pension: The Pension Benefit plan identified below was inherited as part of the merger in 2002 that created Skyworks. Since the plan was inherited, no new participants have been added. The liability and related plan assets have been reported in the Company’s consolidated balance sheet as follows (in thousands): Pension Benefits Fiscal Years Ended September 30, 2011 October 1, 2010 Benefit obligation at end of fiscal year ............................. $2,955 $3,035 Fair value of plan assets at end of fiscal year ........................ 2,536 2,650 Funded status ................................................. $ (419) $ (385) The Company incurred net periodic benefit costs of $0.1 million for pension benefits during the fiscal year ended September 30, 2011, and $0.1 million for pension benefits in fiscal year ending October 1, 2010. 13. COMMITMENTS Fiscal Year The Company has various operating leases primarily for computer equipment and buildings. Rent expense amounted to $7.6 million, $7.6 million, and $8.0 million in fiscal years ended September 30, 2011, October 1, 2010, and October 2, 2009, respectively. Future minimum payments under these non-cancelable leases are as follows (in thousands): 2012 ..................................................................... $ 8,247 2013 ..................................................................... 7,149 2014 ..................................................................... 6,671 2015 ..................................................................... 5,896 2016 ..................................................................... 3,883 Thereafter ................................................................. 5,942 $37,788 In addition, the Company has entered into licensing agreements for intellectual property rights and maintenance and support services. Pursuant to the terms of these agreements, the Company is committed to making aggregate payments of $3.4 million and $1.8 million in fiscal years 2012 and 2013, respectively. Commitments currently do not include potential cash payments for the pending acquisition of AATI. See Note 3 for further detail. Page 115 Skyworks / Annual Report 2011