Employee Benefit Plans (Tables)

12 Months Ended

Feb. 02, 2019

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)
2020	$	853
2021		906
2022		927
2023		947
2024		967
2025-2029		4,877

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 2018 and fiscal 2017, by asset category, were as follows:

	Fair Value Measurement
	February 2, 2019								February 3, 2018
(in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level3)		Total		Quoted Prices in Active Markets for Identical Assets (Level1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level3)		Total
Asset category:
Mutual Funds:
U.S. Equity	$	4,247		—		—	$	4,247	$	4,789		—		—	$	4,789
International Equity		3,144		—		—		3,144		3,662		—		—		3,662
Bond		3,722		—		—		3,722		4,074		—		—		4,074
Cash		252		—		—		252		330		—		—		330
Total	$	11,365	$	—	$	—	$	11,365	$	12,855	$	—	$	—	$	12,855

Target Asset Allocation

The Company’s target asset allocation for fiscal 2019 and its asset allocation at February 2, 2019 and February 3, 2018 were as follows, by asset category:

	Target Allocation			Percentage of plan assets at
	Fiscal 2019			February 2, 2019			February 3, 2018
Asset category:
Equity securities		60.0	%		65.0	%		65.7	%
Debt securities		38.0	%		32.7	%		31.7	%
Cash		2.0	%		2.2	%		2.6	%
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 2, 2019 and February 3, 2018:

	February 2, 2019			February 3, 2018
	in thousands
Change in benefit obligation:
Balance at beginning of period	$	16,284		$	16,456
Benefits and expenses paid		(809	)		(775	)
Interest costs		580			641
Settlements		(509	)		(410	)
Actuarial (gain) loss		(571	)		372
Balance at end of year	$	14,975		$	16,284
Change in fair value of plan assets:
Balance at beginning of period	$	12,855		$	11,734
Actual return on plan assets		(743	)		1,720
Employer contributions		571			586
Settlements		(509	)		(410	)
Benefits and expenses paid		(809	)		(775	)
Balance at end of period	$	11,365		$	12,855
Reconciliation of funded status:
Projected benefit obligation	$	14,975		$	16,284
Fair value of plan assets		11,365			12,855
Unfunded Status	$	(3,610	)	$	(3,429	)
Balance sheet classification:
Other long-term liabilities	$	3,610		$	3,429

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 2, 2019, February 3, 2018 and January 28, 2017 include the following components:

	February 2, 2019			February 3, 2018			January 28, 2017
Net pension cost:	(in thousands)
Interest cost on projected benefit obligation	$	580		$	641		$	686
Expected return on plan assets		(890	)		(813	)		(927	)
Amortization of unrecognized loss		662			842			946
Net pension cost	$	352		$	670		$	705
Other changes recognized in other comprehensive loss,    before taxes:
Unrecognized losses at the beginning of the year	$	5,903		$	7,280		$	8,139
Net periodic pension cost		(352	)		(670	)		(705	)
Employer contribution		571			586			—
Change in plan assets and benefit obligations		181			(1,293	)		(154	)
Unrecognized losses at the end of year	$	6,303		$	5,903		$	7,280

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 2, 2019 and February 3, 2018:

	February 2, 2019			February 3, 2018
	in thousands
Change in benefit obligation:
Balance at beginning of period	$	530		$	652
Benefits and expenses paid		(33	)		(32	)
Interest costs		19			25
Actuarial gain		(9	)		(115	)
Balance at end of year	$	507		$	530
Change in fair value of plan assets:
Balance at beginning of period	$	—		$	—
Employer contributions		33			32
Benefits and expenses paid		(33	)		(32	)
Balance at end of period	$	—		$	—
Projected benefit obligation	$	507		$	530
Reconciliation of funded status:
Projected benefit obligation	$	507		$	530
Fair value of plan assets		—			—
Unfunded Status	$	(507	)	$	(530	)
Balance sheet classification:
Other long-term liabilities	$	507		$	530

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 2, 2019			February 3, 2018			January 28, 2017
Other changes recognized in other comprehensive loss,    before taxes:	in thousands
Unrecognized losses at the beginning of the year	$	37		$	157		$	178
Net periodic pension cost		(19	)		(30	)		(33	)
Employer contribution		33			32			30
Change in  benefit obligations		(23	)		(122	)		(18	)
Unrecognized losses at the end of year	$	28		$	37		$	157