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Benefit Plans (Tables)
 12 Months Ended
Feb. 01, 2020
Benefit Plans [Abstract]  
Stock Options, Valuation Assumptions
The fair values of the options granted have been estimated at the date of grant using the Black - Scholes option pricing model with the following assumptions:

  
2019
  
2018
 
Dividend yield
  
0
%
  
0
%
Expected stock price volatility
  
63.7-70.1
%
  
50.5-54.0
%
Risk-free interest rate
  
1.35%-1.62
%
  
2.71%-3.01
%
Expected award life ( in years)
  
5.64-6.98
   
5.64-6.98
 
Weighted average fair value per share of awards granted during the year
 
$
4.46
  
$
10.00
 
Stock Option Activity Under Stock Award Plans
The following table summarizes stock option activity under the Stock Award Plans:

  
Employee and Director Stock Award Plans
 
                
  
Number of
Shares
Subject To
Option
  
Stock Award
Exercise Price
Range Per Share
  
Weighted
Average
Exercise
Price
  
Other
Share
Awards (1)
  
Weighted
Average Grant
Fair Value/
Exercise Price
 
                
Balance February 3, 2018
  
129,296
  
$
32.00-$97.40
  
$
61.20
   
8,921
  
$
65.20
 
Granted
  
27,750
  
$
19.60-$20.80
   
19.80
   
11,224
   
22.40
 
Cancelled/Forfeited
  
(18,125
)
 
$
19.60-$77.60
   
57.68
   
-
   
38.80
 
Exercised
  
-
   
-
   
-
   
(6,575
)
  
-
 
Balance February 2, 2019
  
138,921
  
$
19.60-$97.40
  
$
55.00
   
13,571
  
$
33.60
 
Granted
  
5,750
  
$
3.51-$5.40
   
3.76
   
-
   
-
 
                     
Cancelled/Forfeited
  
(15,475
)
 
$
34.60-$95.40
   
57.68
   
-
   
-
 
Exercised
  
-
   
-
   
-
   
(3,626
)
  
5.66
 
Balance February 1, 2020
  
129,196
  
$
3.51-$97.40
  
$
52.11
   
9,945
  
$
36.75
 

 (1) Other Share Awards include deferred shares granted to executives and directors.
Defined Benefit Pension Plans
The following is a summary of the Company’s defined benefit pension plans as of each fiscal year-end:

 Obligation and Funded Status:

(amounts in thousands)
 
February 1,
2020
  
February 2,
2019
 
Change in Projected Benefit Obligation:
      
Benefit obligation at beginning of year
 
$
17,476
  
$
18,334
 
Service cost
  
55
   
56
 
Interest cost
  
568
   
560
 
Actuarial loss  (gain)
  
773
   
(275
)
Benefits paid
  
(1,199
)
  
(1,199
)
Benefit obligation at end of year
 
$
17,673
  
$
17,476
 
         
Fair value of plan assets at end of year
 
$
-
  
$
-
 
         
Funded status
 
$
(17,673
)
 
$
(17,476
)
Unrecognized net actuarial loss (gain)
  
529
   
(263
)
Accrued benefit cost
 
$
(17,144
)
 
$
(17,739
)
Amounts Recognized in the Consolidated Balance Sheets
Amounts recognized in the Consolidated Balance Sheets consist of:

  
February 1,
2020
  
February 2,
2019
 
(amounts in thousands)
      
Current liability
 
$
(1,199
)
 
$
(1,199
)
Long term liability
  
(17,247
)
  
(16,002
)
Accumulated other comprehensive loss (income)
  
773
   
(275
)
Net amount recognized
 
$
(17,673
)
 
$
(17,476
)
Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss
Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss:

 Net Periodic Benefit Cost:

  
Fiscal Year
 
  
2019
  
2018
 
Service cost
 
$
55
  
$
56
 
Interest cost
  
568
   
560
 
Amortization of actuarial net gain
  
(20
)
  
(19
)
Net periodic benefit cost
 
$
603
  
$
597
 
Other Changes in Benefit Obligations Recognized in Other Comprehensive Loss
Other Changes in Benefit Obligations Recognized in Other Comprehensive Loss:

  
2019
  
2018
 
Net prior service cost recognized as a component of  net periodic benefit cost
 
$
-
  
$
-
 
Net actuarial loss (gain) arising during the period
  
744
   
(263
)
   
744
   
(263
)
Income tax effect
  
-
   
-
 
Total recognized in other comprehensive loss
 
$
744
  
$
(263
)
Total recognized in net periodic benefit cost and other comprehensive loss
 
$
1,341
  
$
334
 
Pre-Tax Components of Accumulated Other Comprehensive Income Unrecognized
The pre-tax components of accumulated other comprehensive loss, which have not yet been recognized as components of net periodic benefit cost as of February 1, 2020 and February 2, 2019 and the tax effect are summarized below.

(amounts in thousands)
 
February 1,
  
February 2,
 
  
2020
  
2019
 
Net unrecognized actuarial loss (gain)
 
$
744
  
$
(263
)
Other actuarial adjustments
  
(365
)
  
(102
)
Accumulated other comprehensive loss (income)
 
$
379
  
$
(365
)
Tax expense
  
1,100
   
1,100
 
Accumulated other comprehensive loss
 
$
1,479
  
$
735
 
Weighted-Average Assumptions used to Determine Benefit Obligation and Net Periodic Benefit

 
Fiscal Year
 
  
2019
  
2018
 
Weighted-average assumptions used to determine benefit obligation:
      
Discount rate
  
2.31
%
  
3.37
%
Salary increase rate
  
0.00
%
  
3.00
%
Measurement date
 
Jan 31, 2020
  
Jan 31, 2019
 


 
Fiscal Year
 
  
2019
  
2018
 
Weighted-average assumptions used to determine net periodic benefit cost:
      
Discount rate
  
2.31
%
  
3.61
%
Salary increase rate
  
N/A
   
3.00
%
Expected Benefit Payments
The following benefit payments over the next ten years are expected to be paid:

Year
 
Pension Benefits
 
(amounts in thousands)
 
2020
  
1,184
 
2021
  
1,184
 
2022
  
1,149
 
2023
  
1,149
 
2024
  
1,149
 
2025 – 2029
  
6,504