Retirement and Other Benefit Plans

6 Months Ended

Jul. 30, 2022

Retirement and Other Benefit Plans

Retirement and Other Benefit Plans

Note 13  Retirement and Other Benefit Plans

The following table sets forth the components of net periodic benefit income for the Company, including the domestic and Canadian plans:

	Pension Benefits				Other Postretirement Benefits
	Thirteen Weeks Ended				Thirteen Weeks Ended
($ thousands)	July 30, 2022		July 31, 2021		July 30, 2022		July 31, 2021
Service cost	$	1,810	$	1,801	$	—	$	—
Interest cost		3,026		2,806		8		10
Expected return on assets		(7,024)		(7,108)		—		—
Amortization of:
Actuarial loss (gain)		883		592		(27)		(28)
Prior service income		(83)		(132)		—		—
Total net periodic benefit income	$	(1,388)	$	(2,041)	$	(19)	$	(18)

	Pension Benefits				Other Postretirement Benefits
	Twenty-Six Weeks Ended				Twenty-Six Weeks Ended
($ thousands)	July 30, 2022		July 31, 2021		July 30, 2022		July 31, 2021
Service cost	$	3,572	$	3,743	$	—	$	—
Interest cost		5,997		5,619		18		20
Expected return on assets		(14,008)		(14,222)		—		—
Amortization of:
Actuarial loss (gain)		1,564		1,207		(52)		(55)
Prior service income		(158)		(257)		—		—
Total net periodic benefit income	$	(3,033)	$	(3,910)	$	(34)	$	(35)

The non-service cost components of net periodic benefit income are included in other income, net in the condensed consolidated statements of earnings.  Service cost is included in selling and administrative expenses.