Defined Benefit Plans (Tables)

12 Months Ended

Jan. 29, 2022

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule of net periodic defined benefit pension cost and other charges to comprehensive income (loss) and accumulated other comprehensive income (loss)

The components of net periodic defined benefit pension cost to accumulated other comprehensive income (loss) related to the Company’s defined benefit plans are as follows (in thousands):

	Year Ended January 29, 2022
	SERP		Foreign Pension Plans		Total
Service cost	$	—	$	3,142	$	3,142
Interest cost	1,155		74		1,229
Expected return on plan assets	—		(206)		(206)
Net amortization of unrecognized prior service credit	—		(67)		(67)
Net amortization of actuarial losses	81		339		420
Net periodic defined benefit pension cost	$	1,236	$	3,282	$	4,518
Unrecognized prior service credit charged to comprehensive income (loss)	$	—	$	(67)	$	(67)
Unrecognized net actuarial loss charged to comprehensive income (loss)	81		339		420
Net actuarial gains	2,067		738		2,805
Foreign currency and other adjustments	—		340		340
Related tax impact	(496)		(141)		(637)
Total periodic defined benefit pension cost and other charges to other comprehensive income (loss) and accumulated other comprehensive income (loss)	$	1,652	$	1,209	$	2,861

	Year Ended January 30, 2021
	SERP		Foreign Pension Plans		Total
Service cost	$	—	$	3,155	$	3,155
Interest cost	1,277		32		1,309
Expected return on plan assets	—		(186)		(186)
Net amortization of unrecognized prior service credit	—		(66)		(66)
Net amortization of actuarial losses	40		357		397
Net periodic defined benefit pension cost	$	1,317	$	3,292	$	4,609
Unrecognized prior service credit charged to comprehensive income (loss)	$	—	$	(66)	$	(66)
Unrecognized net actuarial loss charged to comprehensive income (loss)	40		357		397
Net actuarial losses	(767)		(236)		(1,003)
Foreign currency and other adjustments	—		(383)		(383)
Related tax impact	168		(21)		147
Total periodic defined benefit pension cost and other charges to other comprehensive income (loss) and accumulated other comprehensive income (loss)	$	(559)	$	(349)	$	(908)

	Year Ended February 1, 2020
	SERP		Foreign Pension Plans		Total
Service cost	$	—	$	3,211	$	3,211
Interest cost	1,924		270		2,194
Expected return on plan assets	—		(310)		(310)
Net amortization of unrecognized prior service credit	—		(39)		(39)
Net amortization of actuarial losses	62		384		446
Net periodic defined benefit pension cost	$	1,986	$	3,516	$	5,502
Unrecognized prior service credit charged to comprehensive income (loss)	$	—	$	(39)	$	(39)
Unrecognized net actuarial loss charged to comprehensive income (loss)	62		384		446
Net actuarial gains (losses)	449		(43)		406
Foreign currency and other adjustments	—		(34)		(34)
Related tax impact	(118)		50		(68)
Total periodic defined benefit pension cost and other charges to other comprehensive income (loss) and accumulated other comprehensive income (loss)	$	393	$	318	$	711

Schedule of accumulated other comprehensive income (loss), before tax, that have not yet been recognized in net periodic defined benefit pension cost

Included in accumulated other comprehensive income (loss), before income tax, are the following amounts that have not yet been recognized in net periodic defined benefit pension cost as follows (in thousands):

	Jan 29, 2022						Jan 30, 2021
	SERP		Foreign Pension Plans		Total		SERP		Foreign Pension Plans		Total
Unrecognized prior service credit	$	—	$	(227)	$	(227)	$	—	$	(161)	$	(161)
Unrecognized net actuarial loss	4,550		4,071		8,621		6,696		5,355		12,051
Total included in accumulated other comprehensive loss	$	4,550	$	3,844	$	8,394	$	6,696	$	5,194	$	11,890

Schedule of the funded status of the Company's defined benefit plans and the amounts recognized in the Company's consolidated balance sheets

The following summarizes the funded status of the Company’s defined benefit plans and the amounts recognized in the Company’s consolidated balance sheets are as follows (in thousands):

	Jan 29, 2022						Jan 30, 2021
	SERP		Foreign Pension Plans		Total		SERP		Foreign Pension Plans		Total
Projected benefit obligation	$	(49,431)	$	(42,740)	$	(92,171)	$	(52,268)	$	(41,461)	$	(93,729)
Plan assets at fair value1	—		38,015		38,015		—		35,015		35,015
Net liability2	$	(49,431)	$	(4,725)	$	(54,156)	$	(52,268)	$	(6,446)	$	(58,714)

______________________________________________________________________

1The SERP is a non-qualified pension plan and hence the insurance policies are not considered to be plan assets. Accordingly, the table above does not include the insurance policies with cash surrender values of $70.9 million and $72.1 million as of January 29, 2022 and January 30, 2021, respectively.

2The net liability was included in accrued expenses and other long-term liabilities in the Company’s consolidated balance sheets depending on the expected timing of payments.

Schedule of reconciliation of the changes in the projected benefit obligation

A reconciliation of the changes in the projected benefit obligation is as follows (in thousands):

	SERP		Foreign Pension Plans		Total
Balance at February 1, 2020	$	51,939	$	34,779	$	86,718
Service cost	—		3,165		3,165
Interest cost	1,277		32		1,309
Actuarial losses	767		286		1,053
Contributions by plan participants	—		3,863		3,863
Payments	(1,715)		(3,421)		(5,136)
Foreign currency and other adjustments	—		2,757		2,757
Balance at January 30, 2021	$	52,268	$	41,461	$	93,729
Service cost	—		3,142		3,142
Interest cost	1,155		74		1,229
Actuarial gains	(2,085)		(497)		(2,582)
Contributions by plan participants	—		3,764		3,764
Payments	(1,907)		(3,104)		(5,011)
Foreign currency and other adjustments	—		(2,100)		(2,100)
Balance at January 29, 2022	$	49,431	$	42,740	$	92,171

Schedule of reconciliation of the changes in plan assets for foreign pension plans

A reconciliation of the changes in plan assets for the Company’s foreign pension plans is as follows (in thousands):

	Plan Assets
Balance at February 1, 2020	$	28,893
Actual return on plan assets	247
Contributions by employer	3,184
Contributions by plan participants	3,863
Payments	(3,421)
Foreign currency and other adjustments	2,249
Balance at January 30, 2021	$	35,015
Actual return on plan assets	447
Contributions by employer	3,582
Contributions by plan participants	3,764
Payments	(3,104)
Foreign currency and other adjustments	(1,689)
Balance at January 29, 2022	$	38,015