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

12 Months Ended

Jan. 28, 2017

Compensation and Retirement Disclosure [Abstract]

Obligations and funded status

Obligations and Funded Status

The measurement date of the assets and liabilities for the defined benefit pension plan and postretirement medical and life insurance plans is the month-end date that is closest to the Company's fiscal year end.

Change in Benefit Obligation

	Pension Benefits						Other Benefits
In thousands	2017			2016			2017			2016
Benefit obligation at beginning of year	$	100,290		$	125,764		$	6,826		$	6,886
Service cost	550			450			704			821
Interest cost	4,118			4,263			286			245
Plan participants’ contributions	—			—			158			124
Plan settlements	(13,862		)	—			—			—
Curtailment gain	—			—			—			(755		)
Benefits paid	(8,308		)	(8,841		)	(257		)	(341		)
Actuarial (gain) loss	4,159			(21,346		)	1,226			(154		)
Benefit Obligation at End of Year	$	86,947		$	100,290		$	8,943		$	6,826

Change in Plan Assets

	Pension Benefits						Other Benefits
In thousands	2017			2016			2017			2016
Fair value of plan assets at beginning of year	$	90,333		$	103,580		$	—		$	—
Actual gain (loss) on plan assets	12,531			(4,406		)	—			—
Plan settlements	(13,874		)	—			—			—
Employer contributions	—			—			99			217
Plan participants’ contributions	—			—			158			124
Benefits paid	(8,308		)	(8,841		)	(257		)	(341		)
Fair Value of Plan Assets at End of Year	$	80,682		$	90,333		—			—
Funded Status at End of Year	$	(6,265	)	$	(9,957	)	$	(8,943	)	$	(6,826	)

Amounts recognized in the consolidated balance sheets

Amounts recognized in the Consolidated Balance Sheets consist of:

	Pension Benefits						Other Benefits
In thousands	2017			2016			2017			2016
Current liabilities	$	—		$	—		$	(343	)	$	(274	)
Noncurrent liabilities	(6,265		)	(9,957		)	(8,600		)	(6,552		)
Net Amount Recognized	$	(6,265	)	$	(9,957	)	$	(8,943	)	$	(6,826	)

Amounts recognized in accumulated other comprehensive income

Amounts recognized in accumulated other comprehensive income consist of:

	Pension Benefits				Other Benefits
In thousands	2017		2016		2017		2016
Net loss	$	15,430	$	21,415	$	2,518	$	1,417
Total Recognized in Accumulated Other Comprehensive Loss	$	15,430	$	21,415	$	2,518	$	1,417

Pension benefits

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

In thousands	January 28, 2017		January 30, 2016
Projected benefit obligation	$	86,947	$	100,290
Accumulated benefit obligation	86,947		100,290
Fair value of plan assets	80,682		90,333

Components of net periodic benefit cost

Net Periodic Benefit Cost

	Pension Benefits									Other Benefits
In thousands	2017			2016			2015			2017		2016		2015
Service cost	$	550		$	450		$	450		$	704	$	821	$	526
Interest cost	4,118			4,263			4,664			286		245		226
Expected return on plan assets	(5,641		)	(5,785		)	(6,069		)	—		—		—
Settlement loss recognized	2,456			—			—			—		—		—
Amortization:
Prior service cost	—			—			—			—		—		—
Losses	810			4,948			3,546			125		189		102
Net amortization	$	810		$	4,948		$	3,546		$	125	$	189	$	102
Net Periodic Benefit Cost	$	2,293		$	3,876		$	2,591		$	1,115	$	1,255	$	854

Reconciliation of accumulated other comprehensive income

Reconciliation of Accumulated Other Comprehensive Income

	Pension Benefits			Other Benefits
In thousands	2017			2017
Net (gain) loss	$	(2,729	)	$	1,226
Amortization of net actuarial loss	(3,256		)	(125		)
Total Recognized in Other Comprehensive Income	$	(5,985	)	$	1,101
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income	$	(3,692	)	$	2,216

Weighted-average assumptions used to determine benefit obligations

Weighted-average assumptions used to determine benefit obligations

	Pension Benefits				Other Benefits
	2017		2016		2017		2016
Discount rate	3.95	%	4.30	%	3.98	%	4.04	%
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
	2017		2016		2015		2017		2016		2015
Discount rate	4.30	%	3.55	%	4.40	%	4.04	%	3.31	%	4.40	%
Expected long-term rate of return on plan assets	6.35	%	6.35	%	6.75	%	—		—		—
Rate of compensation increase	NA		NA		NA		—		—		—

Assumed health care cost trend rates

Assumed health care cost trend rates

	2017		2016
Health care cost trend rate assumed for next year	8.0	%	7.5	%
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	2027		2021

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	$	142	$	237
Accumulated postretirement benefit obligation	$	1,427	$	1,169

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

The Company’s pension plan weighted average asset allocations as of January 28, 2017 and January 30, 2016, by asset category are as follows:

	Plan Assets
	January 28, 2017		January 30, 2016
Asset Category
Equity securities	65	%	64	%
Debt securities	35	%	36	%
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 January 28, 2017 and January 30, 2016. 

January 28, 2017 (In thousands)	Level 1			Level 2		Level 3		Total
Equity Securities:
International securities	$	10,367		$	—	$	—	$	10,367
U.S. securities	42,041			—		—		42,041
Fixed Income Securities	27,987			—		—		27,987
Other:
Cash Equivalents	426			—		—		426
Other (includes receivables and payables)	(139		)	—		—		(139		)
Total Pension Plan Assets	$	80,682		$	—	$	—	$	80,682

January 30, 2016 (In thousands)	Level 1			Level 2		Level 3		Total
Equity Securities:
International securities	$	11,464		$	—	$	—	$	11,464
U.S. securities	46,012			—		—		46,012
Fixed Income Securities	32,573			—		—		32,573
Other:
Cash Equivalents	291			—		—		291
Other (includes receivables and payables)	(7		)	—		—		(7		)
Total Pension Plan Assets	$	90,333		$	—	$	—	$	90,333

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)
2017	$	7.3	$	0.3
2018	7.2		0.4
2019	7.0		0.4
2020	6.8		0.4
2021	6.6		0.5
2022 – 2026	30.0		2.4