RETIREMENT AND OTHER BENEFIT PLANS (Tables)

12 Months Ended

Jan. 29, 2022

Notes Tables

Schedule of Changes in Projected Benefit Obligations

	Pension Benefits				Other Postretirement Benefits
($ thousands)	2021		2020		2021		2020
Benefit obligation at beginning of year	$	365,570	$	388,288	$	1,249	$	1,371
Service cost		7,494		8,492		—		—
Interest cost		11,236		12,205		35		41
Plan participants’ contribution		11		7		5		4
Actuarial (gain) loss		(13,962)		8,710		(50)		(55)
Benefits paid		(15,062)		(15,272)		(96)		(112)
Settlements		—		(36,747)		—		—
Curtailments		—		(95)		—		—
Foreign exchange rate changes		(1)		(18)		—		—
Benefit obligation at end of year	$	355,286	$	365,570	$	1,143	$	1,249

Defined Benefit Plan, Assumptions

	Pension Benefits				Other Postretirement Benefits
Weighted–average assumptions used to determine benefit obligations, end of year	2021		2020		2021		2020
Discount rate	3.40	%	3.10	%	3.40	%	3.10	%
Rate of compensation increase	3.00	%	3.00	%	N/A		N/A

	Pension Benefits						Other Postretirement Benefits
Weighted–average assumptions used to determine net periodic benefit income	2021		2020		2019		2021		2020		2019
Discount rate	3.10	%	3.25	%	4.35	%	3.10	%	3.25	%	4.35	%
Rate of compensation increase	3.00	%	3.00	%	3.00	%	N/A		N/A		N/A
Expected return on plan assets	7.25	%	7.50	%	7.75	%	N/A		N/A		N/A

Schedule of Allocation of Plan Assets

			Fair Value Measurements at January 29, 2022
($ thousands)	Total		Level 1		Level 2		Level 3
Asset
Cash and cash equivalents	$	11,714	$	11,714	$	—	$	—
U.S. government securities		102,525		46,668		55,857		—
Interest rate swap agreements		(232)		—		(232)		—
Mutual fund		31,595		31,595		—		—
Exchange-traded funds		120,323		120,323		—		—
Corporate stocks - common		155,014		155,014		—		—
Preferred securities		523		—		—		523
S&P 500 Index options		5,694		5,694		—		—
Total investments in the fair value hierarchy	$	427,156	$	371,008	$	55,625	$	523
Investments measured at net asset value:
Alternative investment fund		16,891		—		—		—
Unallocated insurance contract		44		—		—		—
Total investments measured at net asset value		16,935		—		—		—
Total investments at fair value	$	444,091	$	371,008	$	55,625	$	523

			Fair Value Measurements at January 30, 2021
($ thousands)	Total		Level 1		Level 2		Level 3
Asset
Cash and cash equivalents	$	9,149	$	9,149	$	—	$	—
U.S. government securities		108,733		50,116		58,617		—
Interest rate swap agreements		(4,597)		—		(4,597)
Mutual fund		38,064		38,064		—		—
Exchange-traded funds		119,647		119,647		—		—
Corporate stocks - common		160,137		160,112		—		25
Preferred securities		2,495		—		—		2,495
S&P 500 Index options		(6,482)		(6,482)		—		—
Total investments in the fair value hierarchy	$	427,146	$	370,606	$	54,020	$	2,520
Investments measured at net asset value:
Alternative investment fund		17,522		—		—		—
Unallocated insurance contract		49		—		—		—
Total investments measured at net asset value		17,571		—		—		—
Total investments at fair value	$	444,717	$	370,606	$	54,020	$	2,520

Schedule of Changes in Fair Value of Plan Assets

	Pension Benefits				Other Postretirement Benefits
($ thousands)	2021		2020		2021		2020
Fair value of plan assets at beginning of year	$	444,717	$	428,186	$	—	$	—
Actual return on plan assets		14,322		67,413		—		—
Employer contributions		104		1,148		91		108
Plan participants’ contributions		11		7		5		4
Benefits paid		(15,062)		(15,272)		(96)		(112)
Settlements		—		(36,747)		—		—
Foreign exchange rate changes		(1)		(18)		—		—
Fair value of plan assets at end of year	$	444,091	$	444,717	$	—	$	—

Schedule of Amounts Recognized in Balance Sheet

	Pension Benefits				Other Postretirement Benefits
($ thousands)	2021		2020		2021		2020
Prepaid pension costs (noncurrent assets)	$	99,139	$	88,833	$	—	$	—
Accrued benefit liabilities (current liability)		(3,755)		(1,896)		(189)		(194)
Accrued benefit liabilities (noncurrent liability)		(6,579)		(7,790)		(954)		(1,055)
Net amount recognized at end of year	$	88,805	$	79,147	$	(1,143)	$	(1,249)

Schedule of Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Plan Assets

		Projected Benefit Obligation Exceeds the				Accumulated Benefit Obligation
		Fair Value of Plan Assets				Exceeds the Fair Value of Plan Assets
($ thousands)		2021		2020		2021		2020
End of Year
Projected benefit obligation	$	10,334	$	9,686	$	10,334	$	9,686
Accumulated benefit obligation		9,247		8,954		9,247		8,954
Fair value of plan assets		—		—		—		—

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year

	Pension Benefits				Other Postretirement Benefits
($ thousands)	2021		2020		2021		2020
Components of accumulated other comprehensive loss, net of tax:
Net actuarial loss (gain)	$	8,807	$	10,438	$	(424)	$	(466)
Net prior service credit		(565)		(947)		—		—
Accumulated other comprehensive loss, net of tax	$	8,242	$	9,491	$	(424)	$	(466)

Schedule of net benefit costs

	Pension Benefits						Other Postretirement Benefits
($ thousands)	2021		2020		2019		2021		2020		2019
Service cost	$	7,494	$	8,492	$	7,219	$	—	$	—	$	—
Interest cost		11,236		12,205		14,811		35		41		60
Expected return on assets		(28,437)		(31,498)		(27,735)		—		—		—
Amortization of:
Actuarial loss (gain)		2,410		2,718		3,904		(108)		(110)		(107)
Prior service credit		(514)		(1,354)		(1,486)		—		—		—
Settlement cost		—		1,353		2,236		—		—		—
Curtailments		—		(189)		—		—		—		—
Cost of contractual termination benefits		—		—		482		—		—		—
Total net periodic benefit income	$	(7,811)	$	(8,273)	$	(569)	$	(73)	$	(69)	$	(47)

Schedule of Expected Benefit Payments

	Pension Benefits
							Other
							Postretirement
($ thousands)	Funded Plan		SERP		Total		Benefits
Employer Contributions
2022 expected contributions to plan trusts	$	82	$	—	$	82	$	—
2022 expected contributions to plan participants		420		3,818		4,238		192
2022 refund of assets (e.g. surplus) to employer		139		—		139		—
Expected Benefit Payments						—
2022	$	17,852	$	3,818	$	21,670	$	192
2023		15,148		3,376		18,524		159
2024		15,618		1,021		16,639		132
2025		16,241		1,315		17,556		109
2026		16,782		479		17,261		89
2027-2031		89,409		1,600		91,009		248