Defined Benefit Plans

6 Months Ended

Aug. 29, 2015

Compensation and Retirement Disclosure [Abstract]

Defined Benefit Plans

NOTE 4 – DEFINED BENEFIT PLANS

The Company maintains supplemental retirement plans for certain of its executive officers. These plans provide that upon death, disability, reaching retirement age or certain termination events, a participant will receive benefits based on highest compensation, years of service and years of plan participation. The plans are not funded and thus have no plan assets.

Benefit costs are determined using actuarial cost methods to estimate the total benefits ultimately payable to executive officers, and this cost is allocated to the respective service periods. The actuarial assumptions used to calculate benefit costs are reviewed annually or in the event of a material change in the plans or participation in the plans. The components of net periodic benefit cost are shown in the table below (in thousands). The amortization of amounts related to unrecognized prior service cost and net actuarial loss was reclassified out of other comprehensive income as a component of net periodic benefit cost.

	Three Months Ended				Six Months Ended
	August 29,		August 30,		August 29,		August 30,
	2015		2014		2015		2014
Components of net periodic benefit cost:
Service cost	$	367	$	350	$	734	$	701
Interest cost		159		205		317		411
Amortization of unrecognized prior service cost		15		103		30		205
Amortization of net actuarial loss		348		333		697		665
Net periodic benefit cost	$	889	$	991	$	1,778	$	1,982