Retirement and Other Benefit Plans

6 Months Ended

Jul. 29, 2023

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 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Service cost	$	1,253	$	1,810	$	—	$	—
Interest cost		3,655		3,026		12		8
Expected return on assets		(6,104)		(7,024)		—		—
Amortization of:
Actuarial loss (gain)		883		883		(27)		(27)
Prior service income		(35)		(83)		—		—
Total net periodic benefit income	$	(348)	$	(1,388)	$	(15)	$	(19)

	Pension Benefits				Other Postretirement Benefits
	Twenty-Six Weeks Ended				Twenty-Six Weeks Ended
($ thousands)	July 29, 2023		July 30, 2022		July 29, 2023		July 30, 2022
Service cost	$	2,511	$	3,572	$	—	$	—
Interest cost		7,270		5,997		24		18
Expected return on assets		(12,178)		(14,008)		—		—
Amortization of:
Actuarial loss (gain)		1,894		1,564		(55)		(52)
Prior service income		(63)		(158)		—		—
Total net periodic benefit income	$	(566)	$	(3,033)	$	(31)	$	(34)

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.