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Retirement and Other Benefit Plans (Tables)
 12 Months Ended
Feb. 03, 2018
Compensation and Retirement Disclosure [Abstract]  
Schedule of Changes in Benefit Obligations
The following table sets forth changes in benefit obligations, including all domestic and Canadian plans:

 
 
Pension Benefits
 
Other Postretirement Benefits
($ thousands)
 
2017

2016

 
2017

2016

Benefit obligation at beginning of year
 
$
340,278

$
326,077

 
$
1,666

$
1,411

Service cost
 
9,705

8,288

 
—

—

Interest cost
 
14,948

15,275

 
68

76

Plan participants’ contribution
 
11

11

 
7

9

Plan amendments
 
(2,985
)
316

 
—

—

Actuarial loss
 
18,505

11,155

 
40

357

Benefits paid
 
(13,703
)
(19,853
)
 
(187
)
(187
)
Settlement gain
 
—

(1,304
)
 
—

—

Contractual termination benefits
 
—

77

 
—

—

Curtailments
 
(10,534
)
—

 
—

—

Foreign exchange rate changes
 
244

236

 
—

—

Benefit obligation at end of year
 
$
356,469

$
340,278

 
$
1,594

$
1,666
Schedule of Assumptions Used
Weighted-average assumptions used to determine net periodic benefit income:

 
 
Pension Benefits
 
Other Postretirement Benefits
 
 
2017

2016

2015

 
2017

2016

2015

Discount rate
 
4.40
%
4.70
%
3.90
%
 
4.40
%
4.70
%
3.90
%
Rate of compensation increase
 
3.00
%
3.00
%
3.00
%
 
N/A

N/A

N/A

Expected return on plan assets
 
8.00
%
8.00
%
8.25
%
 
N/A

N/A

N/A

 
 
Pension Benefits
 
Other Postretirement Benefits
Weighted–average assumptions used to determine benefit obligations, end of year
 
2017

2016

 
2017

2016

Discount rate
 
4.00
%
4.40
%
 
4.00
%
4.40
%
Rate of compensation increase
 
3.00
%
3.00
%
 
N/A

N/A
Schedule of Allocation of Plan Assets
The fair values of the Company’s pension plan assets at February 3, 2018 by asset category are as follows:

 
 
 
 
Fair Value Measurements at February 3, 2018
($ thousands)
 
Total

 
Level 1

 
Level 2

 
Level 3

Asset
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
8,998

 
$
8,998

 
$
—

 
$
—

U.S. government securities
 
98,027

 
98,027

 
—

 
—

Mutual fund
 
41,344

 
41,344

 
—

 
—

Real estate investment trusts
 
1,412

 
1,412

 
—

 
—

Exchange-traded funds
 
68,362

 
68,362

 
—

 
—

Corporate stocks - common
 
175,928

 
175,928

 
—

 
—

Preferred securities
 
703

 
703

 
—

 
—

S&P 500 Index options
 
(1,186
)
 
(1,186
)
 
—

 
—

Alternative investment fund
 
13,412

 
—

 
13,412

 
—

Unallocated insurance contract
 
81

 
—

 
—

 
81

Total
 
$
407,081

 
$
393,588

 
$
13,412

 
$
81



The fair values of the Company’s pension plan assets at January 28, 2017 by asset category are as follows:
 
 
 
 
Fair Value Measurements at January 28, 2017
($ thousands)
 
Total

 
Level 1

 
Level 2

 
Level 3

Asset
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
16,484

 
$
16,484

 
$
—

 
$
—

U.S. government securities
 
97,226

 
97,226

 
—

 
—

Mutual fund
 
34,833

 
34,833

 
—

 
—

Real estate investment trusts
 
1,505

 
1,505

 
—

 
—

Exchange-traded funds
 
62,244

 
62,244

 
—

 
—

Corporate stocks - common
 
141,372

 
141,372

 
—

 
—

Preferred securities
 
706

 
706

 
—

 
—

S&P 500 Index options
 
4,392

 
4,392

 
—

 
—

Interest rate swap agreements
 
(8,997
)
 
—

 
(8,997
)
 
—

Alternative investment fund
 
12,101

 
—

 
12,101

 
—

Unallocated insurance contract
 
90

 
—

 
—

 
90

Total
 
$
361,956

 
$
358,762

 
$
3,104

 
$
90
Schedule of Changes in Fair Value of Plan Assets
The following table sets forth changes in the fair value of plan assets, including all domestic and Canadian plans:
 
Pension Benefits
 
Other Postretirement Benefits
($ thousands)
2017

 
2016

 
2017

 
2016

Fair value of plan assets at beginning of year
$
361,956

 
$
379,638

 
$
—

 
$
—

Actual return on plan assets
58,106

 
1,755

 
—

 
—

Employer contributions
450

 
1,458

 
180

 
178

Plan participants’ contributions
11

 
11

 
7

 
9

Benefits paid
(13,703
)
 
(19,853
)
 
(187
)
 
(187
)
Settlement gain
—

 
(1,304
)
 
—

 
—

Foreign exchange rate changes
261

 
251

 
—

 
—

Fair value of plan assets at end of year
$
407,081

 
$
361,956

 
$
—

 
$
—
Schedule of Amounts Recognized in Balance Sheet
Amounts recognized in the consolidated balance sheets consist of:

 
Pension Benefits
 
Other Postretirement Benefits
($ thousands)
2017

 
2016

 
2017

 
2016

Prepaid pension costs (noncurrent assets)
$
62,575

 
$
32,489

 
$
—

 
$
—

Accrued benefit liabilities (current liability)
(3,988
)
 
(2,765
)
 
(238
)
 
(250
)
Accrued benefit liabilities (noncurrent liability)
(7,975
)
 
(8,043
)
 
(1,356
)
 
(1,416
)
Net amount recognized at end of year
$
50,612

 
$
21,681

 
$
(1,594
)
 
$
(1,666
)
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets

The projected benefit obligation, the accumulated benefit obligation and the fair value of plan assets for pension plans with a projected benefit obligation in excess of plan assets and for pension plans with an accumulated benefit obligation in excess of plan assets, which includes only the Company’s SERP, were as follows:

 
Projected Benefit Obligation Exceeds the Fair Value of Plan Assets
 
Accumulated Benefit Obligation Exceeds the Fair Value of Plan Assets
 
 
 
 
($ thousands)
2017

 
2016

 
2017

 
2016

End of Year
 
 
 
 
 
 
 
Projected benefit obligation
$
11,959

 
$
10,808

 
$
11,959

 
$
10,808

Accumulated benefit obligation
10,956

 
9,646

 
10,956

 
9,646

Fair value of plan assets
—

 
—

 
—

 
—
Schedule of Amounts Recognized in Consolidated Balance Sheet
The amounts in accumulated other comprehensive loss that have not yet been recognized as components of net periodic benefit income at February 3, 2018 and January 28, 2017, and the expected amortization of the February 3, 2018 amounts as components of net periodic benefit income for fiscal year 2018, are as follows:
 
Pension Benefits
 
Other Postretirement Benefits
($ thousands)
2017

 
2016

 
2017

 
2016

Components of accumulated other comprehensive loss, net of tax:
 
 
 
 
 
 
 
Net actuarial loss (gain)
$
22,424

 
$
35,104

 
$
(634
)
 
$
(635
)
Net prior service credit
(4,618
)
 
(4,385
)
 
—

 
—


$
17,806

 
$
30,719

 
$
(634
)
 
$
(635
)
Schedule of Expected Amortization as Components of Net Periodic Benefit Income
 
Pension Benefits
 
Other Postretirement Benefits
($ thousands)
 
 
2018

 
 
 
2018

Expected amortization, net of tax:
 
 
 
 
 
 
 
Amortization of net actuarial loss (gain)
 
 
$
3,042

 
 
 
$
(92
)
Amortization of net prior service credit
 
 
(1,164
)
 
 
 
—

 
 
 
$
1,878

 
 
 
$
(92
)
Schedule of Components of Net Periodic Benefit (Income) Cost
Net periodic benefit income for 2017, 2016 and 2015 for all domestic and Canadian plans included the following components:

 
 
Pension Benefits
 
Other Postretirement Benefits
($ thousands)
 
2017

2016

2015

 
2017

2016

2015

Service cost
 
$
9,705

$
8,288

$
12,639

 
$
—

$
—

$
—

Interest cost
 
14,948

15,275

14,321

 
68

76

56

Expected return on assets
 
(27,589
)
(28,949
)
(31,682
)
 
—

—

—

Amortization of:
 






 






Actuarial loss (gain)
 
4,315

272

604

 
(145
)
(163
)
(220
)
Prior service credit
 
(1,780
)
(1,840
)
(1,906
)
 
—

—

—

Settlement cost
 
—

259

—

 
—

—

—

Cost of contractual termination benefits
 
—

77

—

 
—

—

—

Curtailments
 
(2,165
)
—

(184
)
 
—

—

—

Total net periodic benefit income
 
$
(2,566
)
$
(6,618
)
$
(6,208
)
 
$
(77
)
$
(87
)
$
(164
)
Schedule of Expected Cash Flows
Information about expected cash flows for all pension and postretirement benefit plans follows:

 
 
Pension Benefits
 
 
($ thousands)
 
Funded Plan

SERP

Total

 
Other Postretirement Benefits

Employer Contributions
 
 
 
 
 
 
2018 expected contributions to plan trusts
 
$
159

$
—

$
159

 
$
—

2018 expected contributions to plan participants
 
—

4,063

4,063

 
243

  2018 refund of assets (e.g. surplus) to employer
 
186

—

186

 
—

Expected Benefit Payments
 
 
 
 
 
 
2018
 
$
12,766

$
4,063

$
16,829

 
$
243

2019
 
13,363

1,176

14,539

 
216

2020
 
14,131

3,079

17,210

 
192

2021
 
14,933

322

15,255

 
169

2022
 
15,638

656

16,294

 
148

2023 – 2027
 
86,432

1,817

88,249

 
481