Employee Benefit Plans

3 Months Ended

Apr. 30, 2011

Employee Benefit Plans

Employee Benefit Plans

NOTE 6 – EMPLOYEE BENEFIT PLANS

The Company sponsors a funded defined-benefit cash balance pension plan ("Pension Plan") and an unfunded supplemental executive retirement plan ("SERP") for certain employees of the Company. The Company amended the Pension Plan during 2006, freezing benefit accruals for all participants except those who had attained age 55 and completed 10 years of credited service as of January 1, 2007, who were considered to be non-highly compensated employees. In January 2009, the Company amended the Pension Plan to suspend future benefit accruals for all remaining participants effective March 13, 2009. The Company generally funds pension costs currently, subject to regulatory funding requirements. The components of net periodic pension expense related to the Company's Pension Plan and SERP for the three months ended April 30, 2011 and May 1, 2010 were as follows:

	Three Months Ended
	April 30,		May 1,
	2011		2010
Interest cost	$	1,700	$	1,800
Expected return on plan assets		(2,100)		(1,800)
Net amortization of losses and prior service costs		579		542
Net periodic pension expense	$	179	$	542

The Company contributed $808 to the Pension Plan during the three months ended April 30, 2011 and expects additional funding requirements of approximately $2,392 for the remainder of fiscal year 2011.