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Defined Benefit Plans (Tables)

12 Months Ended

Feb. 01, 2025

Retirement Benefits [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 AOCL related to the Company’s defined benefit plans are as follows (in thousands):

			SERP						Foreign Pension Plans						Total
			Year Ended February 1, 2025
Service cost			$	—					$	4,264					$	4,264
Interest cost			1,765						1,009						2,774
Expected return on plan assets			—						(865)						(865)
Net amortization of unrecognized prior service credit			—						(161)						(161)
Net amortization of actuarial (gain) loss			(174)						162						(12)
Net periodic defined benefit pension cost			$	1,591					$	4,409					$	6,000
Unrecognized prior service credit charged to comprehensive income (loss)			$	—					$	(161)					$	(161)
Unrecognized net actuarial gain (loss) charged to comprehensive income (loss)			(174)						162						(12)
Net actuarial gain (loss)			3,837						(5,332)						(1,495)
Foreign currency and other adjustments			—						465						465
Related tax impact			(845)						749						(96)
Total periodic defined benefit pension cost and other charges to OCL and AOCL			$	2,818					$	(4,117)					$	(1,299)

			Year Ended February 3, 2024
Service cost			$	—					$	3,731					$	3,731
Interest cost			1,862						913						2,775
Expected return on plan assets			—						(809)						(809)
Net amortization of unrecognized prior service credit			—						(160)						(160)
Net amortization of actuarial loss			—						256						256
Net periodic defined benefit pension cost			$	1,862					$	3,931					$	5,793
Unrecognized prior service credit charged to comprehensive income (loss)			$	—					$	(160)					$	(160)
Unrecognized net actuarial loss charged to comprehensive income (loss)			—						256						256
Net actuarial gain (loss)			4,388						(563)						3,825
Foreign currency and other adjustments			—						(361)						(361)
Related tax impact			(1,014)						424						(590)
Total periodic defined benefit pension cost and other charges to OCL and AOCL			$	3,374					$	(404)					$	2,970

			SERP						Foreign Pension Plans						Total
			Year Ended January 28, 2023
Service cost			$	—					$	3,008					$	3,008
Interest cost			1,333						221						1,554
Expected return on plan assets			—						(271)						(271)
Net amortization of unrecognized prior service credit			—						(90)						(90)
Net amortization of actuarial loss			17						598						615
Net periodic defined benefit pension cost			$	1,350					$	3,466					$	4,816
Unrecognized prior service credit charged to comprehensive income (loss)			$	—					$	(90)					$	(90)
Unrecognized net actuarial loss charged to comprehensive income (loss)			17						598						615
Net actuarial gain (loss)			6,649						(2,759)						3,890
Foreign currency and other adjustments			—						627						627
Related tax impact			(1,547)						152						(1,395)
Total periodic defined benefit pension cost and other charges to OCL and AOCL			$	5,119					$	(1,472)					$	3,647

Schedule of Accumulated Other Comprehensive Income (Loss), Before Income Tax, Not Yet Recognized In Net Periodic Defined Benefit Pension Cost

The amounts included in AOCL, before income tax, that have not yet been recognized in net periodic defined benefit pension cost are as follows (in thousands):

			Feb 1, 2025																		Feb 3, 2024
			SERP						Foreign Pension Plans						Total						SERP						Foreign Pension Plans						Total
Unrecognized prior service credit			$	—					$	(52)					$	(52)					$	—					$	(67)					$	(67)
Unrecognized net actuarial (gain) loss			(10,215)						9,632						(583)						(6,544)						4,737						(1,807)
Total included in AOCL			$	(10,215)					$	9,580					$	(635)					$	(6,544)					$	4,670					$	(1,874)

Schedule of Funded Status of Defined Benefit Plans and Amounts Recognized in the Consolidated Balance Sheets

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

			Feb 1, 2025																		Feb 3, 2024
			SERP						Foreign Pension Plans						Total						SERP						Foreign Pension Plans						Total
Projected benefit obligation			$	(33,751)					$	(65,253)					$	(99,004)					$	(37,730)					$	(56,260)					$	(93,990)
Plan assets at fair value1			—						53,479						53,479						—						49,433						49,433
Net liability2			$	(33,751)					$	(11,774)					$	(45,525)					$	(37,730)					$	(6,827)					$	(44,557)

______________________________________________________________________

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 $63.8 million and $63.4 million as of February 1, 2025 and February 3, 2024, 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 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 January 28, 2023			$	42,367					$	47,366					$	89,733
Service cost			—						3,731						3,731
Interest cost			1,862						913						2,775
Actuarial gains			(4,395)						(750)						(5,145)
Contributions by plan participants			—						4,549						4,549
Payments			(2,066)						(2,062)						(4,128)
Foreign currency and other adjustments			(38)						2,513						2,475
Balance at February 3, 2024			$	37,730					$	56,260					$	93,990
Service cost			—						4,264						4,264
Interest cost			1,765						1,009						2,774
Actuarial (gains) losses			(3,837)						4,563						726
Contributions by plan participants			—						5,345						5,345
Payments			(1,907)						(3,311)						(5,218)
Foreign currency and other adjustments			—						(2,877)						(2,877)
Balance at February 1, 2025			$	33,751					$	65,253					$	99,004

Schedule of Reconciliation of 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 January 28, 2023			$	41,193
Actual return on plan assets			(504)
Contributions by employer			4,144
Contributions by plan participants			4,549
Payments			(2,062)
Foreign currency and other adjustments			2,113
Balance at February 3, 2024			$	49,433
Actual return on plan assets			98
Contributions by employer			4,562
Contributions by plan participants			5,345
Payments			(3,311)
Foreign currency and other adjustments			(2,648)
Balance at February 1, 2025			$	53,479

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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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