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Benefit Plans (Tables)
12 Months Ended
Feb. 01, 2020
Retirement Benefits [Abstract]  
Schedule of accumulated benefit obligation, changes in projected benefit obligation, change in Pension Plan assets, funded status and reconciliation to amounts recognized in the consolidated balance sheets
(in thousands of dollars)
February 1,
2020
 
February 2,
2019
Change in benefit obligation:
 
 
 
Benefit obligation at beginning of year
$
193,865

 
$
194,733

Service cost
3,621

 
3,687

Interest cost
7,667

 
7,131

Actuarial loss (gain)
24,137

 
(6,294
)
Benefits paid
(5,554
)
 
(5,392
)
Benefit obligation at end of year
$
223,736

 
$
193,865

Change in Pension Plan assets:
 
 
 
Fair value of Pension Plan assets at beginning of year
$

 
$

Employer contribution
5,554

 
5,392

Benefits paid
(5,554
)
 
(5,392
)
Fair value of Pension Plan assets at end of year
$

 
$

Funded status (Pension Plan assets less benefit obligation)
$
(223,736
)
 
$
(193,865
)
Amounts recognized in the balance sheets:
 
 
 
Accrued benefit liability
$
(223,736
)
 
$
(193,865
)
Net amount recognized
$
(223,736
)
 
$
(193,865
)
Pretax amounts recognized in accumulated other comprehensive loss:
 
 
 
Net actuarial loss
$
41,017

 
$
16,880

Prior service cost

 

Net amount recognized
$
41,017

 
$
16,880

 
 
 
 
Accumulated benefit obligation at end of year
$
(218,277
)
 
$
(192,982
)

Schedule of weighted average assumption
 
Fiscal 2019
 
Fiscal 2018
 
Fiscal 2017
Discount rate—net periodic pension cost
4.0
%
 
3.7
%
 
4.0
%
Discount rate—benefit obligations
2.8
%
 
4.0
%
 
3.7
%
Rate of compensation increases
2.0
%
 
2.0
%
 
2.0
%

Schedule of components of net periodic benefit costs
(in thousands of dollars)
Fiscal 2019
 
Fiscal 2018
 
Fiscal 2017
Components of net periodic benefit costs:
 
 
 
 
 
Service cost
$
3,621

 
$
3,687

 
$
3,494

Interest cost
7,667

 
7,131

 
7,229

Net actuarial loss

 
529

 

Amortization of prior service cost

 

 

Plan curtailment gain

 

 

Net periodic benefit costs
$
11,288

 
$
11,347

 
$
10,723

Other changes in benefit obligations recognized in other comprehensive loss (income):
 
 
 
 
 
   Net actuarial loss (gain)
$
24,137

 
$
(6,823
)
 
$
5,701

   Amortization of prior service cost

 

 

   Total recognized in other comprehensive loss (income)
$
24,137

 
$
(6,823
)
 
$
5,701

Total recognized in net periodic benefit costs and other comprehensive income or loss
$
35,425

 
$
4,524

 
$
16,424


Schedule of estimated future benefits payments for the nonqualified benefit plan
(in thousands of dollars)
 
 
Fiscal Year
 
 
2020
$
5,545

*
2021
5,826

 
2022
7,803

 
2023
8,486

 
2024
8,779

 
2025- 2029
80,664

 
Total payments for next ten fiscal years
$
117,103

 
___________________________________
* The estimated benefit payment for fiscal 2020 also represents the amount the Company expects to contribute to the Pension Plan for fiscal 2020.