BENEFIT PLANS (Tables)

12 Months Ended

Jan. 28, 2017

Information regarding the DB Plan is as follows (in thousands):



	Fiscal Year
	2016			2015
Change in benefit obligation:
Benefit obligation at beginning of year	$	35,223		$	41,295
Employer service cost	340			350
Interest cost	1,598			1,566
Actuarial (gain) loss	1,067			(3,406		)
Settlement ^(a)	—			(2,579		)
Plan disbursements	(3,266		)	(2,003		)
Projected benefit obligation at end of year	34,962			35,223

Change in plan assets:
Fair value of plan assets at beginning of year	26,310			32,792
Actual return (loss) on plan assets	3,117			(1,900		)
Employer contributions	—			—
Settlement paid ^(a)	—			(2,579		)
Plan disbursements	(3,266		)	(2,003		)
Fair value of plan assets at end of year	26,161			26,310

Underfunded status	$	(8,801	)	$	(8,913	)

Amounts recognized in the consolidated balance sheet consist of:
Accrued benefit liability - included in other long-term liabilities	$	(8,801	)	$	(8,913	)
Amount recognized in accumulated other comprehensive loss, pre-tax ^(b)	9,023			10,222

^(a) The settlement was a result of lump sum payments exceeding the interest cost for 2015. Settlements of this nature may occur in future years.

^(b) Consists solely of net actuarial losses as there are no prior service costs.



	Fiscal Year
	2016		2015
Weighted-average assumptions:
For determining benefit obligations at year-end:
Discount rate	4.33	%	4.79	%

	Fiscal Year
	2016		2015		2014
For determining net periodic pension cost for year:
Discount rate	4.79	%	3.90	%	4.81	%
Expected return on assets	7.00	%	7.00	%	7.00	%

The allocations of DB Plan assets by category are as follows:

The following tables present the DB Plan assets measured at fair value on a recurring basis in the consolidated financial statements (in thousands):



	January 28, 2017
	Balance		Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Mutual funds:
Equity securities	$	13,309	$	13,309	$	—	$	—
Fixed income securities	12,540		12,540		—		—
Other - primarily cash	312		312		—		—
Total	$	26,161	$	26,161	$	—	$	—



	January 30, 2016
	Balance		Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Mutual funds:
Equity securities	$	12,607	$	12,607	$	—	$	—
Fixed income securities	13,341		13,341		—		—
Other - primarily cash	362		362		—		—
Total	$	26,310	$	26,310	$	—	$	—

The components of net periodic benefit cost for the DB Plan were as follows (in thousands):



	Fiscal Year
	2016			2015			2014
Net periodic pension cost for the fiscal year:
Employer service cost	$	340		$	350		$	210
Interest cost	1,598			1,566			1,692
Expected return on plan assets	(1,749		)	(2,195		)	(2,134		)
Net loss amortization	897			774			399
Loss on pension settlement	—			748			—
Net pension cost	$	1,086		$	1,243		$	167

Other changes in DB Plan assets and benefit obligations recognized in other comprehensive loss are as follows (in thousands):



	Fiscal Year
	2016			2015
Amortization of net loss	$	(897	)	$	(774	)
Loss on pension settlement	—			(748		)
Net (gain) loss	(301		)	689
Net change recognized in other comprehensive loss, pre-tax	$	(1,198	)	$	(833	)

The following benefit payments are expected to be paid (in thousands):