Employee Benefit Plans

9 Months Ended

Nov. 01, 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:

	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:

	Third Quarter						Year-to-Date
(In thousands)	2014			2013			2014			2013
Service cost - benefits earned in the period	$	489		$	521		$	1,463		$	1,564
Interest cost on projected benefit obligation	799			761			2,413			2,281
Expected investment return on plan assets	(804		)	(723		)	(2,414		)	(2,170		)
Amortization of actuarial loss	380			423			1,123			1,269
Amortization of prior service cost	(9		)	(9		)	(26		)	(26		)
Amortization of transition obligation	—			3			—			9
Settlement loss	164			83			164			83
Net periodic pension cost	$	1,019		$	1,059		$	2,723		$	3,010

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.