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Employee Benefit Plans
 12 Months Ended
Jan. 29, 2022
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
10.
 
Employee Benefit Plans:
 
The
 
Company
 
has
 
a
 
defined
 
contribution
 
retirement
 
savings
 
plan
 
(“401(k)
 
plan”)
 
which
 
covers
 
all
associates
 
who
 
meet
 
minimum
 
age
 
and
 
service
 
requirements.
 
The
 
401(k)
 
plan
 
allows
 
participants
 
to
contribute up
 
to
 
75%
 
of their
 
annual compensation
 
up to
 
the
 
maximum elective
 
deferral, designated
 
by
the
 
IRS.
 
The
 
Company
 
is
 
obligated
 
to
 
make
 
a
 
minimum
 
contribution
 
to
 
cover
 
plan
 
administrative
expenses. Further Company contributions
 
are at the discretion
 
of the Board of
 
Directors. The Company’s
contributions
 
for
 
the
 
years
 
ended
 
January
 
29,
 
2022,
 
January
 
30,
 
2021
 
and
 
February
 
1,
 
2020
 
were
approximately $
1,210,000
, $
0
 
and $
1,499,000
, respectively.
 
The
 
Company
 
has
 
a
 
trusteed,
 
non-contributory
 
Employee
 
Stock
 
Ownership
 
Plan
 
(“ESOP”),
 
which
covers substantially all
 
associates who meet
 
minimum age and
 
service requirements.
 
The amount
 
of the
Company’s discretionary
 
contribution to the ESOP
 
is determined by the
 
Compensation Committee of the
Board
 
of
 
Directors
 
and
 
can
 
be
 
made
 
in
 
Company
 
Class
 
A
 
Common
 
stock
 
or
 
cash.
 
The
 
Committee
approved
 
a
 
contribution
 
to
 
the
 
ESOP
 
for
 
the
 
year
 
ended
 
January
 
29,
 
2022
 
of
 
$29,430,000,
 
of
 
which
$15,000,000 was contributed in the third
 
quarter of fiscal 2021.
 
The Company’s contribution
 
was $
0
 
and
$
7,198,000
 
for the years ended January 30, 2021 and February 1, 2020,
 
respectively.
 
 
The Company is primarily self-insured for healthcare.
 
These costs are significant primarily due to the
large
 
number of
 
the Company’s
 
retail locations
 
and associates.
 
The Company’s
 
self-insurance liabilities
are
 
based
 
on the
 
total
 
estimated costs
 
of
 
claims filed
 
and estimates
 
of
 
claims incurred
 
but not
 
reported,
less
 
amounts
 
paid
 
against
 
such
 
claims.
 
Management
 
reviews
 
current
 
and
 
historical
 
claims
 
data
 
in
developing its
 
estimates. If
 
the underlying
 
facts and
 
circumstances of
 
the claims
 
change or
 
the historical
trend is not indicative of future trends, then the Company may be required to
 
record additional expense or
a reduction to expense which
 
could be material to the
 
Company’s reported
 
financial condition and results
of operations. The Company funds healthcare contributions to a third-party
 
provider.