Retirement Benefit Plans

Retirement benefit plan liabilities consisted of the following:



	August 2, 2014		February 1, 2014		August 3, 2013
	(In thousands)
Supplemental Executive Retirement Plan (“SERP”)	$	11,013	$	10,551	$	13,123
Other retirement plan liabilities	4,396		4,050		3,488
Total	$	15,409	$	14,601	$	16,611
Less amount classified in accrued expenses related to SERP	5,740		—		2,146
Less amount classified in accrued expenses related to other retirement plan liabilities	539		262		—
Long-term retirement benefit plan liabilities	$	9,130	$	14,339	$	14,465

401(k) Plan

We maintain a qualified, defined contribution retirement plan with a 401(k) salary deferral feature that covers substantially all of our employees who meet certain requirements. Under the terms of the plan, employees may contribute, subject to statutory limitations, up to 100% of gross earnings and historically, including fiscal 2013, we have provided a matching contribution of 50% of the first 5% of gross earnings contributed by the participants. We also have the option to make additional contributions or to suspend the employer contribution at any time. The employer's matching contributions vest over a five-year service period with 20% vesting after two years and 50% vesting after year three. Vesting increases thereafter at a rate of 25% per year so that participants will be fully vested after five years of service. We also have separate defined contribution plans for eligible employees in both Canada and Puerto Rico who meet certain requirements. We have suspended the Company's matching contribution under the plan in the U.S. and Canada for fiscal 2014. Contribution expense for all plans was not material to the unaudited condensed consolidated financial statements for any period presented.

Supplemental Executive Retirement Plan

We maintain a Supplemental Executive Retirement Plan, or SERP, which is a non-qualified defined benefit plan for certain executives. The plan is non-contributory and not funded and provides benefits based on years of service and compensation during employment. Participants are fully vested upon entrance in the plan. Pension expense is determined using the projected unit credit cost method to estimate the total benefits ultimately payable to officers and this cost is allocated to service periods. The actuarial assumptions used to calculate pension costs are reviewed annually.

The components of net periodic pension benefit cost are as follows:



	13 weeks ended				26 weeks ended
	August 2, 2014		August 3, 2013		August 2, 2014		August 3, 2013
	(In thousands)
Service cost	$	130	$	133	$	259	$	266
Interest cost	102		110		203		220
Amortization of prior experience cost	18		19		36		38
Amortization of net loss	31		86		63		172
Net periodic pension benefit cost	$	281	$	348	$	561	$	696

During September 2013, we made a payment of approximately $2.2 million to our former President from our Supplemental Executive Retirement Plan (“SERP”). Such amount was paid from our cash flows from operations. In connection with this payment, during the third quarter of 2013, we recorded a charge of $0.6 million of the net actuarial loss (the "settlement loss") as a charge in SG&A, with a corresponding amount recorded to relieve accumulated other comprehensive loss included in our stockholder’s equity ($0.4 million, net of tax). This accounting treatment is in accordance with settlement accounting guidance under the provisions of ASC Topic 715, "Compensation - Retirement Benefits".

We re-measured the SERP obligation as a result of the settlement discussed above. We had non-current liabilities of $5.3 million as of August 2, 2014, $10.6 million as of February 1, 2014 and $11.0 million as of August 3, 2013 in connection with this plan. Additionally, $5.7 million of the SERP liability related to a former executive has been classified in accrued expenses and other current assets included in our consolidated balance sheet as of August 2, 2014 based upon the timing of future expected payments.

Other Retirement Plan Liabilities

We have a long-term incentive deferred compensation plan established for the purpose of providing long-term incentives to a select group of management. The plan is a non-qualified, non-contributory defined contribution plan and is not funded. Participants in this plan include all employees designated by us as Vice President, or other higher-ranking positions that are not participants in the SERP. We record annual monetary credits to each participant's account based on compensation levels and years as a participant in the plan. Annual interest credits are applied to the balance of each participant's account based upon established benchmarks. Each annual credit is subject to a three-year cliff-vesting schedule, and participants' accounts will be fully vested upon retirement after completing five years of service and attaining age 55. The liability related to this plan was $4.2 million as of August 2, 2014, $3.9 million as of February 1, 2014 and $3.4 million as of August 3, 2013. Compensation expense related to this plan was not material to our unaudited condensed consolidated financial statements for any period presented.

We maintain a postretirement benefit plan for certain executives that provides retiree medical and dental benefits. The plan is an other post-employment benefit plan, or OPEB, and is not funded. Pension expense and the liability related to this plan were not material to our unaudited condensed consolidated financial statements for any period presented.