Pension and Other Post-Retirement Benefits

9 Months Ended

Nov. 02, 2013

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

PENSION PLAN

Merger Sub was responsible for the Filene’s Basement defined benefit pension plan (the "plan") that RVI assumed as part of its sale of Filene's Basement in fiscal 2009. On December 1, 2011, DSW adopted a plan amendment to terminate the plan with a proposed termination date of March 11, 2012. In April 2013, DSW received a favorable determination letter from the Internal Revenue Service, began the process of obtaining participant settlement elections and was required to disburse the funds within 120 days of the receipt of the favorable determination letter. DSW contributed a final contribution of $5 million to fully fund the plan. In the second quarter of fiscal 2013, DSW distributed all plan assets to participants through lump-sum distributions and a nonparticipating annuity contract. The settlement of the pension plan resulted in a settlement loss of $8.9 million, which is net of a tax benefit of $5.3 million, which was reclassified from other comprehensive loss to net income in the second quarter of fiscal 2013.

The following table provides additional detail regarding the composition of and reclassification adjustments out of accumulated other comprehensive loss for the period presented:

	Nine months ended November 2, 2013			Location on Condensed Consolidated Statement of Operations and Comprehensive Income
	(in thousands)
Beginning Balance	$	(8,758	)
Reclassification to net income due to	14,224			Operating expenses
settlement of the pension plan
Tax benefit of the settlement of the	(5,289		)	Income tax provision
pension plan
Change in minimum pension liability	(177		)	Operating expenses
Ending balance	$	—