Employee Benefit Plans

3 Months Ended

May 03, 2014

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
	2014		2013
Discount rate	5.0	%	4.6	%
Rate of increase in compensation levels	3.0	%	3.5	%
Expected long-term rate of return	6.0	%	5.1	%

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

	First Quarter
(In thousands)	2014			2013
Service cost - benefits earned in the period	$	487		$	522
Interest cost on projected benefit obligation	807			760
Expected investment return on plan assets	(805		)	(723		)
Amortization of actuarial loss	372			423
Amortization of prior service cost	(9		)	(9		)
Amortization of transition obligation	—			3
Net periodic pension cost	$	852		$	976

We currently expect no required contributions to the qualified defined benefit pension plan during 2014.  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.