Employee Benefit Plans

6 Months Ended

Jul. 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:

	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:

	Second Quarter						Year-to-Date
	2012			2011			2012			2011
(in thousands)
Service cost - benefits earned in the period	$	458		$	486		$	1,085		$	1,106
Interest cost on projected benefit obligation	806			904			1,646			1,748
Expected investment return on plan assets	(773		)	(1,164		)	(1,545		)	(2,313		)
Amortization of actuarial loss	489			544			1,172			898
Amortization of prior service cost	(8		)	(8		)	(17		)	(17		)
Amortization of transition obligation	4			3			7			6
Settlement loss	258			—			258			—
Net periodic pension cost	$	1,234		$	765		$	2,606		$	1,428

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.