EMPLOYEE DEFINED AND POSTRETIREMENT BENEFIT PLANS

6 Months Ended

Aug. 03, 2013

EMPLOYEE DEFINED AND POSTRETIREMENT BENEFIT PLANS

EMPLOYEE DEFINED AND POSTRETIREMENT BENEFIT PLANS

7. EMPLOYEE DEFINED AND POSTRETIREMENT BENEFIT PLANS

The Company provides benefits to certain current and former associates who are eligible under a qualified defined benefit pension plan and various non-qualified 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
	August 3,			July 28,			August 3,			July 28,
	2013			2012			2013			2012
Interest cost	$	1,999		$	2,118		$	3,997		$	4,234
Expected return on plan assets	(2,236		)	(2,157		)	(4,471		)	(4,314		)
Recognition of net actuarial loss	1,641			1,689			3,283			3,379
Net periodic benefit expense	$	1,404		$	1,650		$	2,809		$	3,299

During the 26 weeks ended August 3, 2013, contributions of $7,696 were made to the Pension Plans.  The Company anticipates contributing an additional $7,664 to fund the Pension Plans in fiscal 2013 for an annual total of $15,360.

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 for the Postretirement Benefit Plan includes the following (income) and expense components:

	THIRTEEN						TWENTY-SIX
	WEEKS ENDED						WEEKS ENDED
	August 3,			July 28,			August 3,			July 28,
	2013			2012			2013			2012
Interest cost	$	31		$	36		$	61		$	71
Recognition of net actuarial gain	(90		)	(93		)	(181		)	(187		)
Net periodic benefit income	$	(59	)	$	(57	)	$	(120	)	$	(116	)

During the 26 weeks ended August 3, 2013, the Company contributed $95 to fund the Postretirement Benefit Plan, and anticipates contributing an additional $495 in fiscal 2013 for a net annual total of $590.