Pension Plan (Notes)

9 Months Ended

Nov. 03, 2018

PENSION PLAN

We sponsor a frozen defined benefit pension plan. The components of net periodic pension cost, which were recognized in selling, general and administrative expenses, were as follows (in thousands):



	Three Months Ended						Nine Months Ended
	November 3, 2018			October 28, 2017			November 3, 2018			October 28, 2017
Employer service cost	$	127		$	123		$	383		$	368
Interest cost on pension benefit obligation	338			363			1,013			1,090
Expected return on plan assets	(435		)	(407		)	(1,305		)	(1,222		)
Amortization of net loss	85			213			439			637
Pension settlement charges	411			374			411			374
Net periodic pension cost	$	526		$	666		$	941		$	1,247

Our funding policy is to make contributions to maintain the minimum funding requirements for our pension obligations in accordance with the Employee Retirement Income Security Act. We may elect to contribute additional amounts to maintain a level of funding to minimize the Pension Benefit Guaranty Corporation premium costs or to cover the short-term liquidity needs of the plan in order to maintain current invested positions. We contributed $1.1 million during the nine months ended November 3, 2018, and we expect to contribute an additional $0.2 million in 2018.