Benefit Plans

3 Months Ended

Apr. 30, 2011

Benefit Plans

Benefit Plans

Note 8.         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 $1.1 million during the quarter ended April 30, 2011.  The Company expects to make contributions to the Pension Plan of approximately $3.3 million for the remainder of fiscal 2011.

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

	Three Months Ended
	April 30, 2011		May 1, 2010
Components of net periodic benefit costs:
Service cost	$	831	$	721
Interest cost	1,800		1,817
Net actuarial loss	492		594
Amortization of prior service cost	157		157
Net periodic benefit costs	$	3,280	$	3,289