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Pension Plans
6 Months Ended
May 03, 2014
Compensation and Retirement Disclosure [Abstract]  
Pension Plans
Pension Plans
The Company has various defined benefit pension and other retirement plans for certain non-U.S. employees that are consistent with local statutory requirements and practices. The Company’s funding policy for its foreign defined benefit pension plans is consistent with the local requirements of each country. The plans’ assets consist primarily of U.S. and non-U.S. equity securities, bonds, property and cash.
Net periodic pension cost of non-U.S. plans is presented in the following table:
 
Three Months Ended
 
Six Months Ended
 
May 3, 2014
 
May 4, 2013
 
May 3, 2014
 
May 4, 2013
Service cost
$
3,436

 
$
2,820

 
$
6,834

 
$
5,676

Interest cost
3,577

 
3,114

 
7,107

 
6,251

Expected return on plan assets
(3,463
)
 
(2,924
)
 
(6,879
)
 
(5,876
)
Amortization of initial net obligation
5

 
5

 
10

 
10

Amortization of prior service cost
(61
)
 
(58
)
 
(122
)
 
(116
)
Amortization of net loss
1,159

 
743

 
2,302

 
1,491

Net periodic pension cost
$
4,653

 
$
3,700

 
$
9,252

 
$
7,436

Pension contributions of $4.3 million and $8.9 million were made by the Company during the three and six months ended May 3, 2014. The Company presently anticipates contributing an additional $8.8 million to fund its defined benefit pension plans in fiscal year 2014 for a total of $17.7 million.