XML 52 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Pension and Other Post-Retirement Benefit Plans
 3 Months Ended
May 03, 2014
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]
Pension and Other Post-Retirement Benefit Plans
 
The Company sponsors pension plans that cover certain employees in Europe and the U.S.  The benefits due to U.S. plan participants are frozen.  A number of the defined benefit plans outside the U.S. are funded with plan assets that have been segregated in trusts.  Contributions are made to these trusts, as necessary, to meet legal and other requirements.
 
The Company also sponsors an unfunded post-retirement life insurance benefit plan, which provides benefits to eligible U.S. executives based on earnings, years of service and age at termination of employment.
 
The total net cost recognized for the first quarter of 2014 associated with the pension and other post-retirement benefit plans is based on unaudited actuarial estimates of such costs. The following table presents a summary of the total net periodic cost recorded in the condensed consolidated statement of comprehensive income for the first quarter of 2014 and 2013 related to the plans (in thousands):
 
13 Weeks Ended May 3, 2014
 
Pension Plans
 
 Other
Post-Retirement Benefit Plan
Total
 
U.S. Plans
 
International Plans
 
Total
 
Service cost
$
—

 
$
3,451

 
$
3,451

 
$
445

Interest cost
454

 
9,933

 
10,387

 
447

Expected return on plan assets
(484
)
 
(16,508
)
 
(16,992
)
 
—

Amortization of unrecognized losses and prior service costs
4

 
3,631

 
3,635

 
608

Total (cost) benefit
$
(26
)
 
$
507

 
$
481

 
$
1,500

 
13 Weeks Ended May 4, 2013
 
Pension Plans
 
 Other
Post-Retirement Benefit Plan
Total
 
U.S. Plans
 
International Plans
 
Total
 
Service cost
$
—

 
$
3,927

 
$
3,927

 
$
798

Interest cost
410

 
7,749

 
8,159

 
633

Expected return on plan assets
(468
)
 
(15,100
)
 
(15,568
)
 
—

Amortization of unrecognized losses and prior service costs
155

 
3,304

 
3,459

 
534

Total cost (benefit)
$
97

 
$
(120
)
 
$
(23
)
 
$
1,965