XML 26 R15.htm IDEA: XBRL DOCUMENT v3.19.2
Defined Benefit Pension Plans and Other Benefit Plans
3 Months Ended
May 04, 2019
Retirement Benefits [Abstract]  
Defined Benefit Pension Plans and Other Benefit Plans
Defined Benefit Pension Plans and Other Postretirement Benefit Plans

The following table summarizes the components of net periodic benefit cost related to the Company's pension and postretirement health care and life insurance plans:

Components of Net Periodic Benefit Cost
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits
 
Other Benefits
 
Three Months Ended
 
Three Months Ended
In Thousands
May 4, 2019

 
May 5, 2018

 
May 4, 2019

 
May 5, 2018

Service cost
$
162

 
$
113

 
$
22

 
$
155

 
 
 
 
 
 
 
 
Interest cost
$
758

 
$
754

 
$
38

 
$
68

Expected return on plan assets
(731
)
 
(1,051
)
 

 

Amortization:
 
 
 
 
 
 
 
Prior service cost

 

 
(230
)
 

    Amortization of losses
74

 
189

 
5

 
32

Total other components of net periodic benefit cost
$
101

 
$
(108
)
 
$
(187
)
 
$
100

 
 
 
 
 
 
 
 
Net Periodic Benefit Cost
$
263

 
$
5

 
$
(165
)
 
$
255




The service cost component of net periodic benefit cost is recorded in selling and administrative expenses in the Condensed Consolidated Statements of Operations, while the other components are recorded in other components of net periodic benefit cost in the Condensed Consolidated Statements of Operations.

There is no cash contribution required for the pension plan in calendar 2019.

In March 2019, the Company's board of directors approved the termination of the pension plan effective June 30, 2019.