Benefit Plans

3 Months Ended

May 03, 2014

Compensation and Retirement Disclosure [Abstract]

Benefit Plans

Benefit Plans

The Company has an unfunded, nonqualified defined benefit plan (“Pension Plan”) for its officers.  The Pension Plan is noncontributory and provides benefits based on years of service and compensation during employment.  Pension expense is determined using various actuarial cost methods to estimate the total benefits ultimately payable to officers and allocates this cost to service periods.  The actuarial assumptions used to calculate pension costs are reviewed annually.  The Company made contributions to the Pension Plan of $0.6 million during the three months ended May 3, 2014.  The Company expects to make contributions to the Pension Plan of approximately $2.2 million for the remainder of fiscal 2014.

The components of net periodic benefit costs are as follows (in thousands):

	Three Months Ended
	May 3, 2014		May 4, 2013
Components of net periodic benefit costs:
Service cost	$	1,099	$	1,059
Interest cost	1,911		1,696
Net actuarial loss	665		753
Amortization of prior service cost	—		24
Plan curtailment gain	—		(1,480		)
Net periodic benefit costs	$	3,675	$	2,052

Net periodic benefit costs are included in selling, general and administrative expenses.