Defined Benefit Pension Plans and Other Postretirement Benefit Plans

9 Months Ended

Nov. 02, 2019

Retirement Benefits [Abstract]

Defined Benefit Pension Plans and Other Postretirement 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	November 2, 2019			November 3, 2018			November 2, 2019			November 3, 2018
Service cost	$	163		$	112		$	22		$	122
Interest cost	755			756			37			55
Expected return on plan assets	(729		)	(1,049		)	—			—
Amortization:
Prior service cost	—			—			(230		)	—
Amortization of losses	69			196			6			12
Total other components of net periodic benefit cost	95			(97		)	(187		)	67
Net Periodic Benefit Cost	$	258		$	15		$	(165	)	$	189

Components of Net Periodic Benefit Cost
	Pension Benefits						Other Benefits
	Nine Months Ended						Nine Months Ended
In Thousands	November 2, 2019			November 3, 2018			November 2, 2019			November 3, 2018
Service cost	$	488		$	337		$	67		$	399
Interest cost	2,268			2,266			113			180
Expected return on plan assets	(2,190		)	(3,149		)	—			—
Amortization:
Prior service cost	—			—			(691		)	—
Amortization of losses	212			581			17			55
Total other components of net periodic benefit cost	290			(302		)	(561		)	235
Net Periodic Benefit Cost	$	778		$	35		$	(494	)	$	634

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.

Note 7

Defined Benefit Pension Plans and Other Postretirement Benefit Plans, Continued

In March 2019, the Company's board of directors approved the termination of the pension plan effective June 30, 2019. While there is no cash contribution required for the pension plan in calendar 2019, the Company may have to contribute cash in conjunction with the pension plan termination.