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Defined Benefit Plans | 6 Months Ended
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Aug. 04, 2018
Defined Benefit Plan [Abstract] |
Defined Benefit Plans | Defined Benefit Plans Supplemental Executive Retirement Plan On August 23, 2005, the Board of Directors of the Company adopted a Supplemental Executive Retirement Plan (“SERP”) which became effective January 1, 2006. The SERP provides select employees who satisfy certain eligibility requirements with certain benefits upon retirement, termination of employment, death, disability or a change in control of the Company, in certain prescribed circumstances. As a non-qualified pension plan, no dedicated funding of the SERP is required; however, the Company has made periodic payments into insurance policies held in a rabbi trust to fund the expected obligations arising under the non-qualified SERP. The amount of any future payments into the insurance policies, if any, may vary depending on investment performance of the trust. The cash surrender values of the insurance policies were $64.3 million and $64.5 million as of August 4, 2018 and February 3, 2018, respectively, and were included in other assets in the Company’s condensed consolidated balance sheets. As a result of changes in the value of the insurance policy investments, the Company recorded unrealized gains of $1.7 million and $0.7 million in other income during the three and six months ended August 4, 2018, respectively, and unrealized gains of $1.9 million and $3.8 million in other income during the three and six months ended July 29, 2017, respectively. The projected benefit obligation was $54.9 million and $54.8 million as of August 4, 2018 and February 3, 2018, respectively, and was included in accrued expenses and other long-term liabilities in the Company’s condensed consolidated balance sheets depending on the expected timing of payments. SERP benefit payments of $0.4 million and $0.8 million were made during the three and six months ended August 4, 2018, respectively. SERP benefit payments of $0.4 million and $0.8 million were made during the three and six months ended July 29, 2017, respectively. Foreign Pension Plans In certain foreign jurisdictions, primarily in Switzerland, the Company is required to guarantee the returns on Company-sponsored defined contribution plans in accordance with local regulations. These plans are typically government-mandated defined contribution plans that provide employees with a minimum investment return, and as such, are treated under pension accounting in accordance with authoritative guidance. Under the Swiss plan, both the Company and certain of its employees with annual earnings in excess of government determined amounts are required to make contributions into a fund managed by an independent investment fiduciary. The Company’s contributions must be made in an amount at least equal to the employee’s contribution. Minimum employee contributions are based on the respective employee’s age, salary and gender. As of August 4, 2018 and February 3, 2018, the foreign pension plans had a total projected benefit obligation of $27.5 million and $26.4 million, respectively, and plan assets held in independent investment fiduciaries of $22.2 million and $21.4 million, respectively. The net liability of $5.3 million and $5.0 million was included in other long-term liabilities in the Company’s condensed consolidated balance sheets as of August 4, 2018 and February 3, 2018, respectively. The components of net periodic defined benefit pension cost for the three and six months ended August 4, 2018 and July 29, 2017 related to the Company’s defined benefit plans are as follows (in thousands):
| Three Months Ended August 4, 2018
| SERP |  | Foreign Pension Plans |  | Total
Service cost | $ | — |  |  | $ | 754 |  |  | $ | 754 |
Interest cost | 472 |  |  | 55 |  |  | 527 |
Expected return on plan assets | — |  |  | (75 | ) |  | (75 | )
Net amortization of unrecognized prior service credit | — |  |  | (7 | ) |  | (7 | )
Net amortization of actuarial losses | 46 |  |  | 105 |  |  | 151 |
Net periodic defined benefit pension cost | $ | 518 |  |  | $ | 832 |  |  | $ | 1,350 |
| Six Months Ended August 4, 2018
| SERP |  | Foreign Pension Plans |  | Total
Service cost | $ | — |  |  | $ | 1,494 |  |  | $ | 1,494 |
Interest cost | 944 |  |  | 110 |  |  | 1,054 |
Expected return on plan assets | — |  |  | (149 | ) |  | (149 | )
Net amortization of unrecognized prior service credit | — |  |  | (14 | ) |  | (14 | )
Net amortization of actuarial losses | 93 |  |  | 210 |  |  | 303 |
Net periodic defined benefit pension cost | $ | 1,037 |  |  | $ | 1,651 |  |  | $ | 2,688 |
| Three Months Ended July 29, 2017
| SERP |  | Foreign Pension Plans |  | Total
Service cost | $ | — |  |  | $ | 606 |  |  | $ | 606 |
Interest cost | 460 |  |  | 20 |  |  | 480 |
Expected return on plan assets | — |  |  | (46 | ) |  | (46 | )
Net amortization of unrecognized prior service credit | — |  |  | (6 | ) |  | (6 | )
Net amortization of actuarial losses | 38 |  |  | 73 |  |  | 111 |
Net periodic defined benefit pension cost | $ | 498 |  |  | $ | 647 |  |  | $ | 1,145 |
| Six Months Ended July 29, 2017
| SERP |  | Foreign Pension Plans |  | Total
Service cost | $ | — |  |  | $ | 1,232 |  |  | $ | 1,232 |
Interest cost | 921 |  |  | 42 |  |  | 963 |
Expected return on plan assets | — |  |  | (95 | ) |  | (95 | )
Net amortization of unrecognized prior service credit | — |  |  | (13 | ) |  | (13 | )
Net amortization of actuarial losses | 76 |  |  | 152 |  |  | 228 |
Net periodic defined benefit pension cost | $ | 997 |  |  | $ | 1,318 |  |  | $ | 2,315 |
During the first quarter of fiscal 2019, the Company adopted new authoritative guidance which requires that the non-service components of net periodic defined benefit pension cost be presented outside of earnings (loss) from operations. The Company adopted this guidance on a retrospective basis and, as a result, reclassified approximately $0.5 million and $1.1 million from SG&A expenses to other income (expense) for the three and six months ended July 29, 2017, respectively.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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