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Retirement and Other Benefit Plans (Tables)
 12 Months Ended
Feb. 02, 2019
Retirement Benefits [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)
 
2018

2017

 
2018

2017

Benefit obligation at beginning of year
 
$
356,469

$
340,278

 
$
1,594

$
1,666

Service cost
 
8,995

9,705

 
—

—

Interest cost
 
14,236

14,948

 
59

68

Plan participants’ contribution
 
10

11

 
6

7

Plan amendments
 
254

(2,985
)
 
—

—

Actuarial (gain) loss
 
(21,541
)
18,505

 
(22
)
40

Benefits paid
 
(14,352
)
(13,703
)
 
(176
)
(187
)
Settlement gain
 
(3,656
)
—

 
—

—

Curtailments
 
—

(10,534
)
 
—

—

Foreign exchange rate changes
 
(230
)
244

 
—

—

Acquisitions
 
2,007

—

 
—

—

Benefit obligation at end of year
 
$
342,192

$
356,469

 
$
1,461

$
1,594
Schedule of Assumptions Used
Weighted-average assumptions used to determine net periodic benefit income:

 
 
Pension Benefits
 
Other Postretirement Benefits
 
 
2018

2017

2016

 
2018

2017

2016

Discount rate
 
4.00
%
4.40
%
4.70
%
 
4.00
%
4.40
%
4.70
%
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
%
8.00
%
 
N/A

N/A

N/A

 
 
Pension Benefits
 
Other Postretirement Benefits
Weighted–average assumptions used to determine benefit obligations, end of year
 
2018

2017

 
2018

2017

Discount rate
 
4.35
%
4.00
%
 
4.35
%
4.00
%
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 2, 2019 by asset category are as follows:

 
 
 
 
Fair Value Measurements at February 2, 2019
($ thousands)
 
Total

 
Level 1

 
Level 2

 
Level 3

Asset
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
17,312

 
$
17,312

 
$
—

 
$
—

U.S. government securities
 
87,455

 
14,155

 
73,300

 
—

Mutual fund
 
31,966

 
31,966

 
—

 
—

Real estate investment trusts
 
232

 
232

 
—

 
—

Exchange-traded funds
 
65,464

 
65,464

 
—

 
—

Corporate stocks - common
 
169,721

 
169,721

 
—

 
—

Preferred securities
 
639

 
404

 
—

 
235

S&P 500 Index options
 
(4,572
)
 
(4,572
)
 
—

 
—

Alternative investment fund
 
13,160

 
—

 
13,160

 
—

Unallocated insurance contract
 
73

 
—

 
—

 
73

Total
 
$
381,450

 
$
294,682

 
$
86,460

 
$
308



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
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)
2018

 
2017

 
2018

 
2017

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

 
$
361,956

 
$
—

 
$
—

Actual return on plan assets
(13,677
)
 
58,106

 
—

 
—

Employer contributions
3,847

 
450

 
170

 
180

Plan participants’ contributions
10

 
11

 
6

 
7

Benefits paid
(14,352
)
 
(13,703
)
 
(176
)
 
(187
)
Settlement gain
(3,656
)
 
—

 
—

 
—

Foreign exchange rate changes
(243
)
 
261

 
—

 
—

Acquisitions
2,440

 
—

 
—

 
—

Fair value of plan assets at end of year
$
381,450

 
$
407,081

 
$
—

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

 
Pension Benefits
 
Other Postretirement Benefits
($ thousands)
2018

 
2017

 
2018

 
2017

Prepaid pension costs (noncurrent assets)
$
47,826

 
$
62,575

 
$
—

 
$
—

Accrued benefit liabilities (current liability)
(1,663
)
 
(3,988
)
 
(242
)
 
(238
)
Accrued benefit liabilities (noncurrent liability)
(6,905
)
 
(7,975
)
 
(1,219
)
 
(1,356
)
Net amount recognized at end of year
$
39,258

 
$
50,612

 
$
(1,461
)
 
$
(1,594
)
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)
2018

 
2017

 
2018

 
2017

End of Year
 
 
 
 
 
 
 
Projected benefit obligation
$
8,565

 
$
11,959

 
$
8,565

 
$
11,959

Accumulated benefit obligation
7,291

 
10,956

 
7,291

 
10,956

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 2, 2019 and February 3, 2018, and the expected amortization of the February 2, 2019 amounts as components of net periodic benefit income for fiscal year 2019, are as follows:
 
Pension Benefits
 
Other Postretirement Benefits
($ thousands)
2018

 
2017

 
2018

 
2017

Components of accumulated other comprehensive loss, net of tax:
 
 
 
 
 
 
 
Net actuarial loss (gain)
$
34,879

 
$
22,424

 
$
(558
)
 
$
(634
)
Net prior service credit
(3,266
)
 
(4,618
)
 
—

 
—


$
31,613

 
$
17,806

 
$
(558
)
 
$
(634
)
Schedule of Expected Amortization as Components of Net Periodic Benefit Income
 
Pension Benefits
 
Other Postretirement Benefits
($ thousands)
 
 
2019

 
 
 
2019

Expected amortization, net of tax:
 
 
 
 
 
 
 
Amortization of net actuarial loss (gain)
 
 
$
3,624

 
 
 
$
(116
)
Amortization of net prior service credit
 
 
(1,486
)
 
 
 
—

 
 
 
$
2,138

 
 
 
$
(116
)
Schedule of Components of Net Periodic Benefit (Income) Cost
Net periodic benefit income for 2018, 2017 and 2016 for all domestic and Canadian plans included the following components:

 
 
Pension Benefits
 
Other Postretirement Benefits
($ thousands)
 
2018

2017

2016

 
2018

2017

2016

Service cost
 
$
8,995

$
9,705

$
8,288

 
$
—

$
—

$
—

Interest cost
 
14,236

14,948

15,275

 
59

68

76

Expected return on assets
 
(29,091
)
(27,589
)
(28,949
)
 
—

—

—

Amortization of:
 






 






Actuarial loss (gain)
 
4,122

4,315

272

 
(125
)
(145
)
(163
)
Prior service credit
 
(1,567
)
(1,780
)
(1,840
)
 
—

—

—

Settlement cost
 
324

—

259

 
—

—

—

Cost of contractual termination benefits
 
—

—

77

 
—

—

—

Curtailments
 
—

(2,165
)
—

 
—

—

—

Total net periodic benefit income
 
$
(2,981
)
$
(2,566
)
$
(6,618
)
 
$
(66
)
$
(77
)
$
(87
)
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
 
 
 
 
 
 
2019 expected contributions to plan trusts
 
$
97

$
—

$
97

 
$
—

2019 expected contributions to plan participants
 
—

1,699

1,699

 
247

  2019 refund of assets (e.g. surplus) to employer
 
133

—

133

 
—

Expected Benefit Payments
 
 
 
 
 
 
2019
 
$
13,511

$
1,699

$
15,210

 
$
247

2020
 
14,308

1,276

15,584

 
217

2021
 
15,151

1,564

16,715

 
189

2022
 
15,818

1,335

17,153

 
164

2023
 
16,406

1,831

18,237

 
141

2024 – 2028
 
91,183

1,704

92,887

 
441