Retirement Plans (Tables)

12 Months Ended

Jan. 31, 2015

Notes to Financial Statements [Abstract]

The following table provides information for the Pension Plan as of January 31, 2015 and February 1, 2014:



	Fiscal Year Ended
	January 31, 2015			February 1, 2014
	(in thousands)
Change in benefit obligation:
Projected benefit obligation at beginning of year	$	30,302		$	34,250
Interest cost	1,336			1,418
Actuarial loss/(gain)	6,710			(3,872		)
Benefits paid	(223		)	(1,494		)
Plan settlements	(3,174		)	—
Projected benefit obligation at end of year	34,951			30,302
Change in plan assets:
Fair value of plan assets at beginning of year	26,451			26,417
Actual return on plan assets	4,868			1,528
Benefits paid	(223		)	(1,494		)
Plan settlements	(3,174		)	—
Fair value of plan assets at end of year	27,922			26,451
Funded status at end of year	(7,029		)	(3,851		)
Net amount included in “Other liabilities”	$	(7,029	)	$	(3,851	)

Summary of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Accumulated Other Comprehensive (Income)/Loss

The following table summarizes the components of net periodic benefit cost and other amounts recognized in accumulated other comprehensive loss:



	Fiscal Year Ended
	January 31, 2015			February 1, 2014			February 2, 2013
	(in thousands)
Net periodic benefit cost:
Interest cost	$	1,336		$	1,418		$	1,752
Expected return on plan assets	(1,255		)	(1,244		)	(1,500		)
Amortization of net loss	—			600			726
Settlement loss recognized	129			—			1,760
Net periodic benefit cost	210			774			2,738
Other changes in plan assets and benefit obligations recognized in other comprehensive loss:
Net loss/(gain) arising during the year	3,097			(4,156		)	1,153
Settlement charge	(129		)	—			(1,760		)
Amortization of net loss	—			(600		)	(726		)
Total recognized in other comprehensive loss/(income)	2,968			(4,756		)	(1,333		)
Total recognized in net periodic benefit cost and other comprehensive loss/(income)	$	3,178		$	(3,982	)	$	1,405

Amounts Recognized in Accumulated Other Comprehensive Loss

Amounts recognized in accumulated other comprehensive loss consist of:



	Fiscal Year Ended
	January 31, 2015		February 1, 2014
	(in thousands)
Net actuarial loss	$	5,519	$	2,551
Total	$	5,519	$	2,551

Weighted Average Assumptions Used to Determine Benefit Obligations

For the fiscal years ended January 31, 2015 and February 1, 2014, the following weighted average assumptions were used to determine benefit obligations at the end of the fiscal year:

Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost

For the fiscal years ended January 31, 2015, February 1, 2014 and February 2, 2013, the following weighted average assumptions were used to determine net periodic benefit cost:



	Fiscal Year Ended
	January 31, 2015		February 1, 2014		February 2, 2013
Discount rate	4.65	%	4.35	%	4.85	%
Long-term rate of return on assets	5.10	%	5.10	%	5.10	%

Financial Assets and Liabilities Held by Pension Plan, Measured at Fair Value on a Recurring Basis

The following tables segregate all financial assets and liabilities held by the Company’s Pension Plan as of January 31, 2015 and February 1, 2014 measured at fair value on a recurring basis (at least annually) into the most appropriate level within the fair value hierarchy, based on the inputs used to determine fair value at the measurement date:



	January 31, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
			(in thousands)
Mutual funds:
Real estate	$	489	$	489	$	—	$	—
Total mutual funds	489		489		—		—
Common collective trusts:
Small blend	943		—		943		—
Mid cap blend	922		—		922		—
Large value	2,669		—		2,669		—
Large growth	2,780		—		2,780		—
Foreign large growth	1,349		—		1,349		—
Long-term bond	18,669		—		18,669		—
Total common collective trusts	27,332		—		27,332		—
Money market funds	101		101		—		—
Total assets	$	27,922	$	590	$	27,332	$	—

	February 1, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
			(in thousands)
Mutual funds:
Real estate	$	546	$	546	$	—	$	—
Total mutual funds	546		546		—		—
Common collective trusts:
Small blend	901		—		901		—
Mid cap blend	1,036		—		1,036		—
Large value	2,627		—		2,627		—
Large growth	2,735		—		2,735		—
Foreign large growth	1,355		—		1,355		—
Long-term bond	16,980		—		16,980		—
Total common collective trusts	25,634		—		25,634		—
Money market funds	271		271		—		—
Total assets	$	26,451	$	817	$	25,634	$	—

Benefits Expected to be Paid under Pension Plan

The benefits expected to be paid under the Pension Plan as of January 31, 2015 are as follows:



Fiscal Year	(in thousands)
2015	$	2,241
2016	2,420
2017	1,933
2018	1,591
2019	1,419
2020-2024	7,284

Fiscal Year Ended

January 31,
2015

February 1,
2014

Discount rate