Employee Defined and Postretirement Benefit Plans

6 Months Ended

Jul. 30, 2011

Employee Defined and Postretirement Benefit Plans [Abstract]

EMPLOYEE DEFINED AND POSTRETIREMENT BENEFIT PLANS

8. EMPLOYEE DEFINED AND POSTRETIREMENT BENEFIT PLANS

The Company provides benefits to certain current and former associates who are eligible under a defined benefit pension plan and various supplemental pension plans (collectively, the “Pension Plans”). Net periodic benefit expense for the Pension Plans includes the following (income) and expense components:

	THIRTEEN						TWENTY-SIX
	WEEKS ENDED						WEEKS ENDED
	July 30,			July 31,			July 30,			July 31,
	2011			2010			2011			2010
Interest cost	$	2,374		$	2,543		$	4,747		$	5,086
Expected return on plan assets		(2,358	)		(1,977	)		(4,717	)		(3,954	)
Recognition of net actuarial loss		627			970			1,255			1,940
Net periodic benefit expense	$	643		$	1,536		$	1,285		$	3,072

During the 26 weeks ended July 30, 2011, contributions of $437 were made to the Pension Plans. The Company anticipates contributing an additional $381 to fund the Pension Plans in fiscal 2011 for an annual total of $818.

The Company also provides medical and life insurance benefits to certain former associates under a postretirement benefit plan (“Postretirement Benefit Plan”). Net periodic benefit (income) expense for the Postretirement Benefit Plan includes the following (income) and expense components:

	THIRTEEN					TWENTY-SIX
	WEEKS ENDED					WEEKS ENDED
	July 30,			July 31,		July 30,			July 31,
	2011			2010		2011			2010
Interest cost	$	46		$	82	$	91		$	163
Recognition of net actuarial gain		(125	)		—		(250	)		—
Net periodic benefit (income) expense	$	(79	)	$	82	$	(159	)	$	163

During the 26 weeks ended July 30, 2011, the Company contributed $179 to fund the Postretirement Benefit Plan, and anticipates contributing an additional $427 in fiscal 2011 for a net annual total of $606.