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Defined Benefit Plans (Tables)

12 Months Ended

Feb. 03, 2018

Defined Benefit Plan [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 comprehensive income (loss) for fiscal 2018, fiscal 2017 and fiscal 2016 related to the Company’s defined benefit plans are as follows (in thousands):

	Year Ended February 3, 2018
	SERP				Foreign Pension Plans				Total
Service cost	$	—			$	2,500			$	2,500
Interest cost	1,844				147				1,991
Expected return on plan assets	—				(244		)		(244		)
Net amortization of unrecognized prior service credit	—				(27		)		(27		)
Net amortization of actuarial losses	151				311				462
Net periodic defined benefit pension cost	$	1,995			$	2,687			$	4,682
Unrecognized prior service credit charged to comprehensive income (loss)	$	—			$	(27	)		$	(27	)
Unrecognized net actuarial loss charged to comprehensive income (loss)	151				311				462
Net actuarial losses	(1,092		)		(1,156		)		(2,248		)
Foreign currency and other adjustments	—				(269		)		(269		)
Related tax impact	360				75				435
Total periodic defined benefit pension cost and other charges to other comprehensive income (loss)	(581		)		(1,066		)		(1,647		)
Cumulative adjustment reclassified to retained earnings from adoption of new accounting guidance (1)	(1,435		)		—				(1,435		)
Total periodic defined benefit pension cost and other charges to accumulated other comprehensive income (loss)	$	(2,016	)		$	(1,066	)		$	(3,082	)

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(1) During the fourth quarter of fiscal 2018, the Company early adopted authoritative guidance which addresses certain stranded income tax effects in accumulated other comprehensive income (loss) resulting from the Tax Reform enacted in December 2017. As a result, the Company recorded a cumulative adjustment to increase retained earnings by $1.4 million with a corresponding reduction to accumulated other comprehensive income (loss) related to the Company’s SERP.

	Year Ended January 28, 2017
	SERP				Foreign Pension Plans				Total
Service cost	$	—			$	1,544			$	1,544
Interest cost	1,839				87				1,926
Expected return on plan assets	—				(185		)		(185		)
Net amortization of unrecognized prior service credit	—				(28		)		(28		)
Net amortization of actuarial losses	155				186				341
Net periodic defined benefit pension cost	$	1,994			$	1,604			$	3,598
Unrecognized prior service credit charged to comprehensive income (loss)	$	—			$	(28	)		$	(28	)
Unrecognized net actuarial loss charged to comprehensive income (loss)	155				186				341
Net actuarial gains (losses)	63				(1,248		)		(1,185		)
Foreign currency and other adjustments	—				(72		)		(72		)
Related tax impact	(84		)		105				21
Total periodic defined benefit pension cost and other charges to other comprehensive income (loss) and accumulated other comprehensive income (loss)	$	134			$	(1,057	)		$	(923	)

	Year Ended January 30, 2016
	SERP				Foreign Pension Plans				Total
Service cost	$	—			$	1,622			$	1,622
Interest cost	1,986				69				2,055
Expected return on plan assets	—				(142		)		(142		)
Net amortization of unrecognized prior service credit	(97		)		—				(97		)
Net amortization of actuarial losses	740				184				924
Curtailment gain	(1,651		)		—				(1,651		)
Net periodic defined benefit pension cost	$	978			$	1,733			$	2,711
Unrecognized prior service credit charged to comprehensive income (loss)	$	(97	)		$	—			$	(97	)
Unrecognized net actuarial loss charged to comprehensive income (loss)	740				184				924
Curtailment gain	(1,651		)		—				(1,651		)
Net actuarial gains (losses)	8,707				(341		)		8,366
Plan amendment	—				167				167
Foreign currency and other adjustments	—				274				274
Related tax impact	(2,945		)		(27		)		(2,972		)
Total periodic defined benefit pension cost and other charges to other comprehensive income (loss) and accumulated other comprehensive income (loss)	$	4,754			$	257			$	5,011

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 tax, as of February 3, 2018 and January 28, 2017 are the following amounts that have not yet been recognized in net periodic defined benefit pension cost (in thousands):

	Feb 3, 2018												Jan 28, 2017
	SERP				Foreign Pension Plans				Total				SERP				Foreign Pension Plans				Total
Unrecognized prior service credit	$	—			$	(113	)		$	(113	)		$	—			$	(140	)		$	(140	)
Unrecognized net actuarial loss	9,454				4,889				14,343				8,513				3,775				12,288
Total included in accumulated other comprehensive loss	$	9,454			$	4,776			$	14,230			$	8,513			$	3,635			$	12,148

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 table summarizes the funded status of the Company’s defined benefit plans and the amounts recognized in the Company’s consolidated balance sheets (in thousands):

	February 3, 2018												Jan 28, 2017
	SERP				Foreign Pension Plans				Total				SERP				Foreign Pension Plans				Total
Projected benefit obligation	$	(54,760	)		$	(26,409	)		$	(81,169	)		$	(53,521	)		$	(19,986	)		$	(73,507	)
Plan assets at fair value (1)	—				21,437				21,437				—				16,305				16,305
Net liability (2)	$	(54,760	)		$	(4,972	)		$	(59,732	)		$	(53,521	)		$	(3,681	)		$	(57,202	)

________________________________________________________________________

(1) The 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 $64.5 million and $58.6 million as of February 3, 2018 and January 28, 2017, respectively.

(2) The 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 for fiscal 2018 and fiscal 2017 is as follows (in thousands):

	Projected Benefit Obligation
	SERP				Foreign Pension Plans				Total
Balance at January 30, 2016	$	53,443			$	17,577			$	71,020
Service cost	—				1,544				1,544
Interest cost	1,839				87				1,926
Actuarial (gains) losses	(63		)		1,067				1,004
Contributions by plan participants	—				1,805				1,805
Payments	(1,698		)		(2,416		)		(4,114		)
Foreign currency and other adjustments	—				322				322
Balance at January 28, 2017	$	53,521			$	19,986			$	73,507
Service cost	—				2,500				2,500
Interest cost	1,844				147				1,991
Actuarial (gains) losses	1,092				1,156				2,248
Contributions by plan participants	—				2,315				2,315
Payments	(1,697		)		(1,373		)		(3,070		)
Foreign currency and other adjustments	—				1,678				1,678
Balance at February 3, 2018	$	54,760			$	26,409			$	81,169

Schedule of reconciliation of the changes in plan assets for the Foreign Pension Plans

A reconciliation of the changes in plan assets for the Foreign Pension Plans for fiscal 2018 and fiscal 2017 is as follows (in thousands):

	Plan Assets
Balance at January 30, 2016	$	14,859
Actual return on plan assets	4
Contributions by employer	1,779
Contributions by plan participants	1,805
Payments	(2,416		)
Foreign currency and other adjustments	274
Balance at January 28, 2017	$	16,305
Actual return on plan assets	244
Contributions by employer	2,575
Contributions by plan participants	2,315
Payments	(1,373		)
Foreign currency and other adjustments	1,371
Balance at February 3, 2018	$	21,437

X

- Definition

Tabular disclosure of the components of net benefit costs and amounts recognized in other comprehensive income (loss) and accumulated other income (loss) for pension plans and/or other employee benefit plans.

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- Definition

Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
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Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920

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Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
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- Definition

Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss that have not yet been recognized as components of net periodic benefit cost, such as the net gain (loss), net prior service cost or credit, and net transition asset or obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (j)
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