Employee Benefit Plans (Tables)

12 Months Ended

Jan. 30, 2021

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)
2021	$	898
2022		909
2023		926
2024		925
2025		918
2026-2030		4,599

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 2020 and fiscal 2019, by asset category, were as follows:

	Fair Value Measurement
	January 30, 2021								February 1, 2020
(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:
Mutual Funds:
U.S. Equity	$	4,071		—		—	$	4,071	$	4,157		—		—	$	4,157
International Equity		2,939		—		—		2,939		3,132		—		—		3,132
Fixed Income Funds		3,527		—		—		3,527		3,754		—		—		3,754
Cash		814		—		—		814		440		—		—		440
Total	$	11,351	$	—	$	—	$	11,351	$	11,483	$	—	$	—	$	11,483

Target Asset Allocation

The Company’s target asset allocation for fiscal 2021 and its asset allocation at January 30, 2021 and February 1, 2020 were as follows, by asset category:

	Target Allocation			Percentage of plan assets at
	Fiscal 2021			January 30, 2021			February 1, 2020
Asset category:
Equity securities		63.0	%		61.7	%		63.5	%
Debt securities		35.0	%		31.1	%		32.7	%
Cash		2.0	%		7.2	%		3.8	%
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 January 30, 2021 and February 1, 2020:

	January 30, 2021			February 1, 2020
	in thousands
Change in benefit obligation:
Balance at beginning of period	$	16,217		$	14,975
Benefits and expenses paid		(877	)		(869	)
Interest costs		430			581
Settlements		(410	)		(490	)
Actuarial loss		504			2,020
Balance at end of year	$	15,864		$	16,217
Change in fair value of plan assets:
Balance at beginning of period	$	11,483		$	11,365
Actual return on plan assets		544			1,057
Employer contributions		611			420
Settlements		(410	)		(490	)
Benefits and expenses paid		(877	)		(869	)
Balance at end of period	$	11,351		$	11,483
Reconciliation of funded status:
Projected benefit obligation	$	15,864		$	16,217
Fair value of plan assets		11,351			11,483
Unfunded status	$	(4,513	)	$	(4,734	)
Balance sheet classification:
Other long-term liabilities	$	4,513		$	4,734

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 January 30, 2021, February 1, 2020 and February 2, 2019 include the following components:

	January 30, 2021			February 1, 2020			February 2, 2019
Net pension cost:	(in thousands)
Interest cost on projected benefit obligation	$	430		$	581		$	580
Expected return on plan assets		(737	)		(724	)		(890	)
Amortization of unrecognized loss		989			784			662
Net pension cost	$	682		$	641		$	352
Other changes recognized in other comprehensive loss,    before taxes:
Unrecognized losses at the beginning of the year	$	7,206		$	6,303		$	5,903
Net periodic pension cost		(682	)		(641	)		(352	)
Employer contribution		611			420			571
Change in plan assets and benefit obligations		(221	)		1,124			181
Unrecognized losses at the end of year	$	6,914		$	7,206		$	6,303

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 January 30, 2021 and February 1, 2020:

	January 30, 2021			February 1, 2020
	in thousands
Change in benefit obligation:
Balance at beginning of period	$	547		$	507
Benefits and expenses paid		(38	)		(33	)
Interest costs		14			19
Actuarial loss		40			54
Balance at end of year	$	563		$	547
Change in fair value of plan assets:
Balance at beginning of period	$	—		$	—
Employer contributions		38			33
Benefits and expenses paid		(38	)		(33	)
Balance at end of period	$	—		$	—
Projected benefit obligation	$	563		$	547
Reconciliation of funded status:
Projected benefit obligation	$	563		$	547
Fair value of plan assets		—			—
Unfunded Status	$	(563	)	$	(547	)
Balance sheet classification:
Other long-term liabilities	$	563		$	547

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):

	January 30, 2021			February 1, 2020			February 2, 2019
	in thousands
Other changes recognized in other comprehensive loss,    before taxes:
Unrecognized losses at the beginning of the year	$	82		$	28		$	37
Net periodic pension cost		(15	)		(19	)		(19	)
Employer contribution		38			33			33
Change in  benefit obligations		15			40			(23	)
Unrecognized losses at the end of year	$	120		$	82		$	28