XML 51 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
BENEFIT PLANS (Tables)
12 Months Ended
Feb. 02, 2013
BENEFIT PLANS [Abstract]  
Schedule of information regarding the Plan
 
Fiscal Year
 
2012
2011
Change in benefit obligation:
Benefit obligation at beginning of year
$
37,888
$
35,261
Interest cost
1,889
2,063
Actuarial loss
3,830
4,744
Plan disbursements
(3,570
)
(2,030
)
Settlement  (1)
-
(2,150
)
Projected benefit obligation at end of year
40,037
37,888
 
Change in plan assets:
Fair value of plan assets at beginning of year
33,363
32,837
Actual return on plan assets
3,446
3,706
Employer contributions
100
1,000
Plan disbursements
(3,570
)
(2,030
)
Settlement paid  (1)
-
(2,150
)
Fair value of plan assets at end of year
33,339
33,363
 
Underfunded status
 $
(6,698
)
 $
(4,525
)
 
Amounts recognized in the consolidated balance sheet consist of:
Accrued benefit liability - included in other long-term liabilities
 $
(6,698
)
 $
(4,525
)
Amount recognized in accumulated other comprehensive loss, pre-tax (2)
9,873
7,650
(1)
The settlement was caused by lump sum payments exceeding the interest cost for 2011.  Settlements of this nature may occur in future years.
(2)
Consists solely of net actuarial losses as there are no prior service costs.
Schedule of weighted-average assumptions
 
 
Fiscal Year
 
 
 
 
 
2012
 
 
2011
 
 
 
Weighted-average assumptions:
 
 
 
 
 
 
For determining benefit obligations at year-end:
 
 
 
 
 
 
Discount rate
 
 
4.43
%
 
 
5.10
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Year
 
 
 
 
2012
 
 
 
2011
 
 
 
2010
 
For determining net periodic pension cost for year:
 
 
 
 
 
 
 
 
 
Discount rate
 
 
5.10
%
 
 
5.99
%
 
 
5.84
%
Expected return on assets
 
 
7.00
%
 
 
7.50
%
 
 
7.50
%
Schedule of allocations of Plan's assets by categor
 
 
2013 Target
 
 
Fiscal Year
 
 
 
Allocation
 
 
2012
 
 
2011
 
Equity securities
 
 
50
%
 
 
51
%
 
 
50
%
Fixed income securities
 
 
50
 
 
 
47
 
 
 
49
 
Other - primarily cash
 
 
-
 
 
 
2
 
 
 
1
 
Total
 
 
100
%
 
 
100
%
 
 
100
%
Plan assets measured at fair value [Text Block]
 
 
February 2, 2013
 
 
 
 
 
Quoted Prices in Active Markets for Identical Instruments
 
 
Significant Other Observable Inputs
 
 
Significant Unobservable Inputs
 
 
 
Balance
 
 
(Level 1)
 
 
(Level 2)
 
 
(Level 3)
 
Mutual funds:
 
 
 
 
 
 
 
 
Equity securities
 
$
17,106
 
 
$
17,106
 
 
$
-
 
 
$
-
 
Fixed income securities
 
 
15,779
 
 
 
15,779
 
 
 
-
 
 
 
-
 
Other - primarily cash
 
 
454
 
 
 
454
 
 
 
-
 
 
 
-
 
Total
 
$
33,339
 
 
$
33,339
 
 
$
-
 
 
$
-
 
 

 
 
 
January 28, 2012
 
 
 
 
 
Quoted Prices in Active Markets for Identical Instruments
 
 
Significant Other Observable Inputs
 
 
Significant Unobservable Inputs
 
 
 
Balance
 
 
(Level 1)
 
 
(Level 2)
 
 
(Level 3)
 
Mutual funds:
 
 
 
 
 
 
 
 
Equity securities
 
$
16,784
 
 
$
16,784
 
 
$
-
 
 
$
-
 
Fixed income securities
 
 
16,365
 
 
 
16,365
 
 
 
-
 
 
 
-
 
Other - primarily cash
 
 
214
 
 
 
214
 
 
 
-
 
 
 
-
 
Total
 
$
33,363
 
 
$
33,363
 
 
$
-
 
 
$
-
 
 
Components of net periodic benefit cost
 
 
Fiscal Year
 
 
 
2012
 
 
2011
 
 
2010
 
Net periodic pension cost for the fiscal year:
 
 
 
 
 
 
Interest cost
 
$
1,889
 
 
$
2,063
 
 
$
2,116
 
Expected return on plan assets
 
 
(2,253
)
 
 
(2,437
)
 
 
(2,224
)
Net loss amortization
 
 
414
 
 
 
158
 
 
 
427
 
Net pension cost (income)
 
 
50
 
 
 
(216
)
 
 
319
 
Loss due to settlement
 
 
-
 
 
 
434
 
 
 
-
 
Total pension cost
 
$
50
 
 
$
218
 
 
$
319
 
Schedule of other changes in Plan assets and benefit obligations recognized in other comprehensive loss
 
 
Fiscal Year
 
 
 
2012
 
 
2011
 
 
 
 
 
 
Amortization of net loss
 
$
(414
)
 
$
(158
)
Settlement
 
 
-
 
 
 
(434
)
Net loss
 
 
2,637
 
 
 
3,474
 
Net change recognized in other comprehensive loss, pre-tax
 
$
2,223
 
 
$
2,882
 
Schedule of expected benefit payments
Fiscal Year
 
Payments
 
2013
 
$
3,301
 
2014
 
 
3,189
 
2015
 
 
3,055
 
2016
 
 
3,792
 
2017
 
 
3,382
 
Fiscal years 2018 - 2022
 
 
15,352