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Postretirement Benefits and Retirement Plan (Tables)
12 Months Ended
Jan. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Schedule of the change in benefit obligation
The following table presents the change in the benefit obligation:
 
(in thousands)
Fiscal 2014
 
Fiscal 2013
Change in benefit obligation:
 
 
 
Benefit obligation at beginning of year
$
1,541

 
$
1,678

Transfer to Sears Holdings
(1,526
)
 

Interest cost
12

 
58

Plan participants’ contributions

 
18

Actuarial gain
(27
)
 
(103
)
Benefits paid

 
(110
)
Benefit obligation at end of year, net amount recognized
$

 
$
1,541

Change in plan assets at fair value:
 
 
 
Employer contributions
$

 
$
92

Plan participants’ contributions

 
18

Benefits paid

 
(110
)
Plan assets at end of year
$

 
$

Summary of net periodic benefit (income) components
The components of net periodic benefit (income) cost are as follows:
(in thousands)
 
Fiscal 2014
 
Fiscal 2013
 
Fiscal 2012
Interest cost
 
$
12

 
$
58

 
$
70

Recognized net actuarial (gain) loss
 
(27
)
 
(103
)
 
29

Total postretirement benefit (income) cost
 
$
(15
)
 
$
(45
)
 
$
99

 
 
 
 
 
 
 
Weighted-average assumption at end of year:
 
 
 
 
 
 
Discount rate
 
N/A

 
4.0
%
 
4.2
%