Retirement Benefit Plans

12 Months Ended

Feb. 03, 2018

Postemployment Benefits [Abstract]

Retirement Benefit Plans

Retirement Benefit Plans

401(k) savings plan — The Company maintains a defined contribution 401(k) employee benefit plan, which covers all employees meeting certain age and service requirements. Up to 6% of the employee’s compensation may be matched at the Company’s discretion, subject to statutory limitations. For all fiscal years presented, this discretionary percentage was 50% of an employee’s contribution subject to Plan maximums. Effective January 1, 2018, however, up to 4% of the employee’s compensation is matched 100% by the Company, subject to statutory limitations. The Company’s matching contributions were approximately $585,000, $531,000 and $521,000 in fiscal 2017, 2016 and 2015, respectively. The Company has the option to make additional contributions to the Plan on behalf of covered employees; however, no such contributions were made in fiscal 2017, 2016 or 2015.

Deferred compensation plan — The Company maintains The Executive Non-Qualified Excess Plan (the “Deferred Compensation Plan”). The Deferred Compensation Plan is available for certain employees whose benefits under the 401(k) Savings Plan are limited due to provisions of the Internal Revenue Code. Deferred Compensation Plan assets and liabilities were $2.2 million and $2.0 million as of February 3, 2018, and January 28, 2017, respectively, and were recorded in other assets and other liabilities in the consolidated balance sheets. The Company’s matching contributions to this Plan were approximately $41,000, $48,000 and $63,000 in fiscal years 2017, 2016 and 2015, respectively.