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Employee Benefit Plans
6 Months Ended
Jul. 30, 2011
Compensation and Retirement Disclosure [Abstract]  
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS


We maintain a qualified defined benefit pension plan and a nonqualified supplemental defined benefit pension plan covering certain employees whose hire date occurred before April 1, 1994.


The weighted-average assumptions used to determine net periodic pension cost for our plans were as follows:


 
2011
2010
Discount rate
5.7
%
5.7
%
Rate of increase in compensation levels
3.9
%
3.5
%
Expected long-term rate of return
8.0
%
8.0
%


 
The components of combined net periodic pension cost were as follows:


 
Second Quarter
 
Year-to-Date
 
2011
2010
 
2011
2010
(in thousands)
 
 
 
 
 
Service cost - benefits earned in the period
$
486


$
609


 
$
1,106


$
1,218


Interest cost on projected benefit obligation
904


814


 
1,748


1,628


Expected investment return on plan assets
(1,164
)
(1,062
)
 
(2,313
)
(2,124
)
Amortization of actuarial loss
544


554


 
898


1,108


Amortization of prior service cost
(8
)
(9
)
 
(17
)
(18
)
Amortization of transition obligation
3


3


 
6


6


Net periodic pension cost
$
765


$
909


 
$
1,428


$
1,818




 
We currently do not expect to contribute to the qualified defined benefit pension plan during 2011.  We will contribute to the nonqualified supplemental defined benefit pension plan as benefits are paid to plan participants, if any, because the nonqualified plan is not a funded plan.