Rabbi Trust Assets

9 Months Ended

Nov. 01, 2014

Investments, Debt and Equity Securities [Abstract]

RABBI TRUST ASSETS

RABBI TRUST ASSETS

Investments of Rabbi Trust assets consisted of the following:

(in thousands)	November 1, 2014		February 1, 2014
Rabbi Trust assets:
Trust-owned life insurance policies (at cash surrender value)	$	92,643	$	90,198
Money market funds	24		24
Total Rabbi Trust assets	$	92,667	$	90,222

The irrevocable rabbi trust (the “Rabbi Trust”) is intended to be used as a source of funds to match respective funding obligations to participants in the Abercrombie & Fitch Co. Nonqualified Savings and Supplemental Retirement Plan I, the Abercrombie & Fitch Co. Nonqualified Savings and Supplemental Retirement Plan II and the Chief Executive Officer Supplemental Executive Retirement Plan. The Rabbi Trust assets primarily consist of trust-owned life insurance policies which are recorded at cash surrender value. The change in cash surrender value of trust-owned life insurance policies held in the Rabbi Trust resulted in realized gains of $0.8 million for each of the thirteen weeks ended November 1, 2014 and November 2, 2013, and $2.4 million and $2.5 million for the thirty-nine weeks ended November 1, 2014 and November 2, 2013, respectively, recorded in Interest Expense, Net on the Consolidated Statements of Operations and Comprehensive Income (Loss).

The Rabbi Trust assets are included in Other Assets on the Consolidated Balance Sheets and are restricted in their use as noted above.