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Benefit Plans
6 Months Ended
Aug. 04, 2018
Retirement Benefits [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.  The Company determines pension expense using an actuarial cost method 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 contributed $1.3 million and $2.6 million to the Pension Plan during the three and six months ended August 4, 2018, respectively, and expects to make additional contributions to the Pension Plan of approximately $2.5 million during the remainder of fiscal 2018.
 
The components of net periodic benefit costs are as follows (in thousands): 
 
 
Three Months Ended
 
Six Months Ended
 
 
August 4,
2018
 
July 29,
2017
 
August 4,
2018
 
July 29,
2017
Components of net periodic benefit costs:
 
 

 
 

 
 

 
 

Service cost
 
$
922

 
$
873

 
$
1,844

 
$
1,746

Interest cost
 
1,783

 
1,808

 
3,566

 
3,615

Net actuarial loss
 
132

 

 
264

 

Net periodic benefit costs
 
$
2,837

 
$
2,681

 
$
5,674

 
$
5,361

The service cost component of net periodic benefit costs is included in selling, general and administrative expenses, and the interest cost and net actuarial loss components are included in other expense.