XML 42 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee Benefit Plans (Tables)
12 Months Ended
Jan. 28, 2012
Compensation and Retirement Disclosure [Abstract]  
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]
The following table sets forth certain information for the Pension Plan and the Supplemental Pension Plan at January 28, 2012 and January 29, 2011:

 
Pension Plan
 
Supplemental Pension Plan
 
January 28, 2012
January 29, 2011
 
January 28, 2012
January 29, 2011
(In thousands)
 
 
 
 
 
Projected benefit obligation
$
62,992

$
56,092

 
$
6,950

$
6,462

Accumulated benefit obligation
55,708

49,127

 
5,581

4,750

Fair market value of plan assets
$
58,662

$
59,976

 
$

$

Schedule of Assumptions Used [Table Text Block]
The weighted-average assumptions used to determine net periodic pension expense were:

 
2011
2010
2009
Discount rate
5.7
%
5.7
%
7.3
%
Rate of increase in compensation levels
3.9
%
3.5
%
3.5
%
Expected long-term rate of return
8.0
%
8.0
%
8.0
%

The weighted-average assumptions used to determine benefit obligations were:

 
2011
2010
Discount rate
5.0
%
5.7
%
Rate of increase in compensation levels
3.5
%
3.9
%
Schedule of Net Benefit Costs [Table Text Block]
The components of net periodic pension expense were comprised of the following:
 
2011
2010
2009
(in thousands)
 
 
 
Service cost - benefits earned in the period
$
2,211

$
2,433

$
2,261

Interest cost on projected benefit obligation
3,496

3,254

3,726

Expected investment return on plan assets
(4,627
)
(4,249
)
(3,172
)
Amortization of prior service cost
(34
)
(34
)
(34
)
Amortization of transition obligation
13

13

13

Amortization of actuarial loss
1,796

2,217

2,691

Settlement loss
298

1,785

175

Net periodic pension cost
$
3,153

$
5,419

$
5,660

Schedule of Changes in Projected Benefit Obligations [Table Text Block]
The following schedule provides a reconciliation of projected benefit obligations, plan assets, funded status, and amounts recognized for the Pension Plan and Supplemental Pension Plan at January 28, 2012 and January 29, 2011:

 
January 28, 2012
January 29, 2011
(In thousands)
 
 
Change in projected benefit obligation:
 
 
Projected benefit obligation at beginning of year
$
62,554

$
59,526

Service cost
2,211

2,433

Interest cost
3,496

3,254

Benefits and settlements paid
(6,522
)
(7,135
)
Actuarial loss
8,203

4,476

Projected benefit obligation at end of year
$
69,942

$
62,554

 
 
 
Change in plan assets:
 
 
Fair market value at beginning of year
$
59,976

$
56,865

Actual return on plan assets
4,123

9,153

Employer contributions
1,085

1,093

Benefits and settlements paid
(6,522
)
(7,135
)
Fair market value at end of year
$
58,662

$
59,976

 
 
 
Under funded and net amount recognized
$
(11,280
)
$
(2,578
)
 
 
 
Amounts recognized in the consolidated balance sheets consist of:
 
 
Noncurrent assets
$

$
3,884

Current liabilities
(441
)
(623
)
Noncurrent liabilities
(10,839
)
(5,839
)
Net amount recognized
$
(11,280
)
$
(2,578
)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
The following are components of accumulated other comprehensive income and, as such, are not yet reflected in net periodic pension expense:
 
2011
2010
(In thousands)
 
 
Unrecognized transition obligation
$
(25
)
$
(39
)
Unrecognized past service credit
125

159

Unrecognized actuarial loss
(24,089
)
(17,476
)
Accumulated other comprehensive loss, pretax
$
(23,989
)
$
(17,356
)
Schedule of Expected Benefit Payments [Table Text Block]
Using the same assumptions as those used to measure our benefit obligations, the Pension Plan and the Supplemental Pension Plan benefits expected to be paid in each of the following fiscal years are as follows:
 
Fiscal Year
 
(In thousands)
 
2012
$
5,355

2013
5,330

2014
5,418

2015
5,553

2016
5,649

2017 - 2021
$
28,160

Schedule of Allocation of Plan Assets [Table Text Block]
The fair value of our Pension Plan assets at January 28, 2012 and January 29, 2011 by asset category was comprised of the following:
 
January 28, 2012
 
January 29, 2011
(In thousands)
Total
Level 1
Level 2
Level 3
 
Total
Level 1
Level 2
Level 3
Cash and Cash Equivalents
$
1,196

$
1,196

$

$

 
$
1,328

$
1,328

$

$

 
 
 
 
 
 
 
 
 
 
Equity Securities
 
 
 
 
 
 
 
 
 
Consumer Discretionary




 
645

645



Consumer Staples




 
156

156



Energy




 
249

249



Financial




 
399

399



Health Care




 
172

172



Industrials




 
550

550



Information Technology




 
565

565



Materials




 
235

235



Telecommunication Services




 
73

73



Utilities




 
305

305



 
 
 
 
 
 
 
 
 
 
Mutual Funds (a)
 
 
 
 
 
 
 
 
 
Diversified Emerging Markets




 
2,641

2,641



International Large Blend




 
2,824

2,824



Large Blend




 
7,797

7,797



Large Growth




 
5,857

5,857



Large Value




 
4,731

4,731



Mid-Cap Growth




 
2,920

2,920



Mid-Cap Value




 
1,942

1,942



Real Estate




 
3,410

3,410



Small Blend




 
5,466

5,466



 
 
 
 
 
 
 
 
 
 
Fixed Income Securities
 
 
 
 
 
 
 
 
 
U.S. Government
9,016

2,423

6,593


 
8,774

3,264

5,510


Corporate (b)
6,776


6,776


 
8,937


8,937


Mortgage Bonds
714


714


 




 
 
 
 
 
 
 
 
 
 
Common / Collective Trusts
 
 
 
 
 
 
 
 
 
Long Credit
17,728


17,728


 




Intermediate Credit
11,258


11,258


 




Global Real Estate
3,065


3,065


 




High Yield
2,923


2,923


 




International Equities
2,413


2,413


 




U.S. Equity Index
2,369


2,369


 




U.S. Small Cap
1,204


1,204


 




 
 
 
 
 
 
 
 
 
 
Total
$
58,662

$
3,619

$
55,043


 
$
59,976

$
45,529

$
14,447



(a) Mutual funds are listed by their respective investment strategy as classified by Morningstar Inc.
(b) This category represents investment grade bonds of corporate issuers from diverse industries.