Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Tables)

12 Months Ended

Feb. 01, 2014

Compensation and Retirement Disclosure [Abstract]

Obligations and funded status

Obligations and Funded Status

Change in Benefit Obligation

	Pension Benefits						Other Benefits
In thousands	2014			2013			2014			2013
Benefit obligation at beginning of year	$	119,126		$	118,644		$	4,487		$	3,908
Service cost	350			350			428			356
Interest cost	4,584			4,961			159			157
Plan participants’ contributions	—			—			86			74
Benefits paid	(9,000		)	(9,038		)	(436		)	(221		)
Actuarial (gain) loss	(3,927		)	4,209			990			213
Benefit Obligation at End of Year	$	111,133		$	119,126		$	5,714		$	4,487

Change in Plan Assets

	Pension Benefits						Other Benefits
In thousands	2014			2013			2014			2013
Fair value of plan assets at beginning of year	$	98,612		$	96,443		—			—
Actual gain on plan assets	12,298			11,207			—			—
Employer contributions	—			—			350			147
Plan participants’ contributions	—			—			86			74
Benefits paid	(9,000		)	(9,038		)	(436		)	(221		)
Fair Value of Plan Assets at End of Year	$	101,910		$	98,612		—			—
Funded Status at End of Year	$	(9,223	)	$	(20,514	)	$	(5,714	)	$	(4,487	)

Amounts recognized in the consolidated balance sheets

Amounts recognized in the Consolidated Balance Sheets consist of:

	Pension Benefits						Other Benefits
In thousands	2014			2013			2014			2013
Noncurrent assets	$	—		$	—		$	—		$	—
Current liabilities	—			—			(208		)	(160		)
Noncurrent liabilities	(9,223		)	(20,514		)	(5,506		)	(4,327		)
Net Amount Recognized	$	(9,223	)	$	(20,514	)	$	(5,714	)	$	(4,487	)

Amounts recognized in accumulated other comprehensive income

Amounts recognized in accumulated other comprehensive income consist of:

	Pension Benefits				Other Benefits
In thousands	2014		2013		2014		2013
Prior service cost	$	—	$	—	$	—	$	—
Net loss	27,147		42,879		1,459		566
Total Recognized in Accumulated Other Comprehensive Loss	$	27,147	$	42,879	$	1,459	$	566

Pension benefits

Amounts for projected and accumulated benefit obligation and fair value of plan assets are as follows:

In thousands	February 1, 2014		February 2, 2013
Projected benefit obligation	$	111,133	$	119,126
Accumulated benefit obligation	111,133		119,126
Fair value of plan assets	101,910		98,612

Components of net periodic benefit cost

Net Periodic Benefit Cost

	Pension Benefits									Other Benefits
In thousands	2014			2013			2012			2014		2013		2012
Service cost	$	350		$	350		$	250		$	428	$	356	$	166
Interest cost	4,584			4,961			5,597			159		157		174
Expected return on plan assets	(6,654		)	(7,003		)	(7,807		)	—		—		—
Amortization:
Prior service cost	—			4			4			—		—		—
Losses	6,160			6,032			4,728			97		84		79
Net amortization	$	6,160		$	6,036		$	4,732		$	97	$	84	$	79
Net Periodic Benefit Cost	$	4,440		$	4,344		$	2,772		$	684	$	597	$	419

Reconciliation of accumulated other comprehensive income

Reconciliation of Accumulated Other Comprehensive Income

	Pension Benefits			Other Benefits
In thousands	2014			2014
Net loss (gain)	$	(9,571	)	$	990
Amortization of prior service cost	—			—
Amortization of net actuarial loss	(6,160		)	(97		)
Total Recognized in Other Comprehensive Income	$	(15,731	)	$	893
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income	$	(11,291	)	$	1,577

Weighted-average assumptions used to determine benefit obligations

Weighted-average assumptions used to determine benefit obligations

	Pension Benefits				Other Benefits
	2014		2013		2014		2013
Discount rate	4.40	%	4.00	%	4.40	%	4.01	%
Rate of compensation increase	NA		NA		—		—

Weighted-average assumptions used to determine net periodic benefit costs

Weighted-average assumptions used to determine net periodic benefit costs

	Pension Benefits						Other Benefits
	2014		2013		2012		2014		2013		2012
Discount rate	4.00	%	4.35	%	5.25	%	4.01	%	4.17	%	5.25	%
Expected long-term rate of return on plan assets	7.75	%	7.75	%	8.25	%	—		—		—
Rate of compensation increase	NA		NA		NA		—		—		—

Assumed health care cost trend rates

Assumed health care cost trend rates

	2014		2013
Health care cost trend rate assumed for next year	8.0	%	7.0	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	5	%	5	%
Year that the rate reaches the ultimate trend rate	2019		2017

Effect of one percentage point change in the assumed health care cost trend rate

The effect on disclosed information of one percentage point change in the assumed health care cost trend rate for each future year is shown below.

In thousands	1% Increase in Rates		1% Decrease in Rates
Aggregated service and interest cost	$	134	$	106
Accumulated postretirement benefit obligation	$	626	$	735

Company's pension plan weighted average asset allocations by asset category

The Company’s pension plan weighted average asset allocations as of February 1, 2014 and February 2, 2013, by asset category are as follows:

	Plan Assets
	February 1, 2014		February 2, 2013
Asset Category
Equity securities	65	%	66	%
Debt securities	35	%	34	%
Other	0	%	0	%
Total	100	%	100	%

Hierarchy of plan assets by level within fair values

The following tables present the pension plan assets by level within the fair value hierarchy as of February 1, 2014 and February 2, 2013. 

February 1, 2014	Level 1			Level 2		Level 3		Total
Equity Securities:
International securities	$	13,026		$	—	$	—	$	13,026
U.S. securities	53,187			—		—		53,187
Fixed Income Securities	35,481			—		—		35,481
Other:
Cash Equivalents	235			—		—		235
Other (includes receivables and payables)	(19		)	—		—		(19		)
Total Pension Plan Assets	$	101,910		$	—	$	—	$	101,910

February 2, 2013	Level 1			Level 2		Level 3		Total
Equity Securities:
International securities	$	13,757		$	—	$	—	$	13,757
U.S. securities	51,011			—		—		51,011
Fixed Income Securities	33,633			—		—		33,633
Other:
Cash Equivalents	235			—		—		235
Other (includes receivables and payables)	(24		)	—		—		(24		)
Total Pension Plan Assets	$	98,612		$	—	$	—	$	98,612

Expected benefit payments from the trust, including future service and pay

Expected benefit payments from the trust, including future service and pay, are as follows:

Estimated future payments	Pension Benefits ($ in millions)		Other Benefits ($ in millions)
2014	$	8.7	$	0.2
2015	8.5		0.2
2016	8.3		0.2
2017	8.1		0.3
2018	8.0		0.3
2019 – 2023	36.7		1.8