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Employee Benefit Plans
3 Months Ended
Apr. 28, 2012
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:
 
First Quarter
 
2012
2011
Discount rate
5.0
%
5.7
%
Rate of increase in compensation levels
3.5
%
3.9
%
Expected long-term rate of return
5.5
%
8.0
%

 
The components of combined net periodic pension cost were as follows:
 
First Quarter
 
2012
2011
(in thousands)
 
 
Service cost - benefits earned in the period
$
627

$
620

Interest cost on projected benefit obligation
840

844

Expected investment return on plan assets
(772
)
(1,149
)
Amortization of actuarial loss
683

354

Amortization of prior service cost
(9
)
(9
)
Amortization of transition obligation
3

3

Net periodic pension cost
$
1,372

$
663


 
We currently expect no required contributions to the qualified defined benefit pension plan during 2012.  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.