Employee Benefit Plans (Tables)

12 Months Ended

Feb. 03, 2018

Defined Benefit Plan Disclosure [Line Items]

Schedule of Estimated Future Benefits for Next Ten Fiscal Years

The estimated future benefits for the next ten fiscal years are as follows:

	Total
FISCAL YEAR	(in thousands)
2018	$	857
2019		878
2020		936
2021		961
2022		980
2023-2027		5,048
	$	9,660

Fair Value of Noncontributory Defined Benefit Retirement Plan Assets

The fair values of the Company’s noncontributory defined benefit retirement plan assets at the end of fiscal 2017 and fiscal 2016, by asset category, were as follows:

	Fair Value Measurement
	February 3, 2018								January 28, 2017
(in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Asset category:
Common Stock :
U.S.	$	—	$	—	$	—	$	—	$	2,645	$	—	$	—	$	2,645
Foreign		—		—		—		—		210		—		—		210
Mutual Funds:
U.S. Equity		4,789		—		—		4,789		2,153		—		—		2,153
International Equity		3,662		—		—		3,662		2,039		—		—		2,039
Bond		4,074		—		—		4,074		4,418		—		—		4,418
Real Estate Investment Trust		-		—		—		—		6		—		—		6
Cash		330		—		—		330		263		—		—		263
Total	$	12,855	$	—	$	—	$	12,855	$	11,734	$	—	$	—	$	11,734

Target Asset Allocation

The Company’s target asset allocation for fiscal 2018 and its asset allocation at February 3, 2018 and January 28, 2017 were as follows, by asset category:

	Target Allocation			Percentage of plan assets at
	Fiscal 2018			February 3, 2018			January 28, 2017
Asset category:
Equity securities		60.0	%		65.7	%		60.1	%
Debt securities		38.0	%		31.7	%		37.7	%
Cash		2.0	%		2.6	%		2.2	%
Total		100.0	%		100.0	%		100.0	%

Noncontributory Pension Plan

Defined Benefit Plan Disclosure [Line Items]

Pension and Retirement Plan's Funded Status

The following table sets forth the Pension Plan’s funded status at February 3, 2018 and January 28, 2017:

	February 3, 2018			January 28, 2017
	in thousands
Change in benefit obligation:
Balance at beginning of period	$	16,456		$	16,845
Benefits and expenses paid		(775	)		(733	)
Interest costs		641			686
Settlements		(410	)		(346	)
Actuarial loss		372			4
Balance at end of year	$	16,284		$	16,456

Change in fair value of plan assets:
Balance at beginning of period	$	11,734		$	11,969
Actual return on plan assets		1,720			844
Employer contributions		586			—
Settlements		(410	)		(346	)
Benefits and expenses paid		(775	)		(733	)
Balance at end of period	$	12,855		$	11,734

Reconciliation of Funded Status
Projected benefit obligation	$	16,284		$	16,456
Fair value of plan assets		12,855			11,734
Unfunded Status	$	(3,429	)	$	(4,722	)

Balance Sheet Classification
Other long-term liabilities	$	3,429		$	4,722

Total Plan Expense, Other Amounts, and Other Changes Recognized in Accumulated Other Comprehensive Loss

Total plan expense and other amounts recognized in accumulated other comprehensive loss for the years ended February 3, 2018, January 28, 2017 and January 30, 2016 include the following components:

	February 3, 2018			January 28, 2017			January 30, 2016
Net pension cost:	(in thousands)
Interest cost on projected benefit obligation	$	641		$	686		$	634
Expected return on plan assets		(813	)		(927	)		(1,013	)
Amortization of unrecognized loss		842			946			1,026
Net pension cost	$	670		$	705		$	647

Other changes recognized in other comprehensive loss, before taxes:
Unrecognized losses at the beginning of the year	$	7,280		$	8,139		$	9,746
Net periodic pension cost		(670	)		(705	)		(647	)
Employer contribution		586			—			146
Change in plan assets and benefit obligations		(1,293	)		(154	)		(1,106	)
Unrecognized losses at the end of year	$	5,903		$	7,280		$	8,139

Supplemental Executive Retirement Plan

Defined Benefit Plan Disclosure [Line Items]

Pension and Retirement Plan's Funded Status

The following table sets forth the SERP’s funded status at February 3, 2018 and January 28, 2017:

	February 3, 2018			January 28, 2017
	in thousands
Change in benefit obligation:
Balance at beginning of period	$	652		$	670
Benefits and expenses paid		(32	)		(30	)
Interest costs		25			27
Actuarial gain		(115	)		(15	)
Balance at end of year	$	530		$	652

Change in fair value of plan assets
Balance at beginning of period	$	—		$	—
Employer contributions		32			30
Benefits and expenses paid		(32	)		(30	)
Balance at end of period	$	—		$	—

Projected benefit obligation	$	530		$	652

Reconciliation of Funded Status
Projected benefit obligation	$	530		$	652
Fair value of plan assets		—			—
Unfunded Status	$	(530	)	$	(652	)

Balance Sheet Classification
Other long-term liabilities	$	530		$	652

Total Plan Expense, Other Amounts, and Other Changes Recognized in Accumulated Other Comprehensive Loss

Other changes recognized in other comprehensive loss, before taxes (in thousands):

	February 3, 2018			January 28, 2017			January 30, 2016
Other changes recognized in other comprehensive loss, before taxes:	in thousands
Unrecognized losses at the beginning of the year	$	157		$	178		$	256
Net periodic pension cost		(30	)		(33	)		(34	)
Employer contribution		32			30			30
Change in benefit obligations		(122	)		(18	)		(74	)
Unrecognized losses at the end of year	$	37		$	157		$	178