XML 48 R32.htm IDEA: XBRL DOCUMENT
v3.21.1

RETIREMENT AND OTHER BENEFIT PLANS (Tables) | 12 Months Ended
--- | ---
Jan. 30, 2021
Notes Tables |
Schedule of Changes in Projected Benefit Obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits | ​ | Other Postretirement Benefits
($ thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Benefit obligation at beginning of year | ​ | $ | 388,288 | ​ | $ | 342,192 | ​ | $ | 1,371 | ​ | $ | 1,461
Service cost |  | ​ | 8,492 |  | ​ | 7,219 |  | ​ | — |  | ​ | —
Interest cost |  | ​ | 12,205 |  | ​ | 14,811 |  | ​ | 41 |  | ​ | 60
Plan participants’ contribution |  | ​ | 7 |  | ​ | 9 |  | ​ | 4 |  | ​ | 6
Plan amendments |  | ​ | — |  | ​ | 93 |  | ​ | — |  | ​ | —
Actuarial loss (gain) |  | ​ | 8,710 |  | ​ | 58,278 |  | ​ | (55) |  | ​ | (39)
Benefits paid |  | ​ | (15,272) |  | ​ | (14,399) |  | ​ | (112) |  | ​ | (117)
Settlements |  | ​ | (36,747) |  | ​ | (20,263) |  | ​ | — |  | ​ | —
Contractual termination benefits |  | ​ | — |  | ​ | 482 |  | ​ | — |  | ​ | —
Curtailments |  | ​ | (95) |  | ​ | (90) |  | ​ | — |  | ​ | —
Foreign exchange rate changes |  | ​ | (18) |  | ​ | (44) |  | ​ | — |  | ​ | —
Benefit obligation at end of year | ​ | $ | 365,570 | ​ | $ | 388,288 | ​ | $ | 1,249 | ​ | $ | 1,371
Defined Benefit Plan, Assumptions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits | Other Postretirement Benefits
Weighted–average assumptions used to determine benefit obligations, end of year |  | 2020 |  | 2019 |  | 2020 |  | 2019 |
Discount rate | ​ | 3.10 | % | 3.25 | % | 3.10 | % | 3.25 | %
Rate of compensation increase |  | 3.00 | % | 3.00 | % | N/A |  | N/A | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits | ​ | Other Postretirement Benefits |
​ |  | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018 |
Discount rate |  | 3.25 | % | 4.35 | % | 4.00 | % | 3.25 | % | 4.35 | % | 4.00 | %
Rate of compensation increase |  | 3.00 | % | 3.00 | % | 3.00 | % | N/A |  | N/A |  | N/A | ​
Expected return on plan assets |  | 7.50 | % | 7.75 | % | 8.00 | % | N/A |  | N/A |  | N/A | ​
Schedule of Allocation of Plan Assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements at January 30, 2021
($ thousands) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Asset | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Cash and cash equivalents | ​ | $ | 9,149 | ​ | $ | 9,149 | ​ | $ | — | ​ | $ | —
U.S. government securities | ​ |  | 108,733 | ​ |  | 50,116 | ​ |  | 58,617 | ​ |  | —
Interest rate swap agreements | ​ | ​ | (4,597) | ​ | ​ | — | ​ | ​ | (4,597) | ​ | ​ | —
Mutual fund | ​ |  | 38,064 | ​ |  | 38,064 | ​ |  | — | ​ |  | —
Exchange-traded funds | ​ |  | 119,647 | ​ |  | 119,647 | ​ |  | — | ​ |  | —
Corporate stocks - common | ​ |  | 160,137 | ​ |  | 160,112 | ​ |  | — | ​ |  | 25
Preferred securities | ​ |  | 2,495 | ​ |  | — | ​ |  | — | ​ |  | 2,495
S&P 500 Index options | ​ |  | (6,482) | ​ |  | (6,482) | ​ |  | — | ​ |  | —
Total investments in the fair value hierarchy | ​ | $ | 427,146 | ​ | $ | 370,606 | ​ | $ | 54,020 | ​ | $ | 2,520
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Investments measured at net asset value: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Alternative investment fund | ​ |  | 17,522 | ​ |  | — | ​ |  | — | ​ |  | —
Unallocated insurance contract | ​ |  | 49 | ​ |  | — | ​ |  | — | ​ |  | —
Total investments measured at net asset value | ​ |  | 17,571 | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Total investments at fair value | ​ | $ | 444,717 | ​ | $ | 370,606 | ​ | $ | 54,020 | ​ | $ | 2,520
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements at February 1, 2020
($ thousands) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Asset | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Cash and cash equivalents | ​ | $ | 31,588 | ​ | $ | 31,588 | ​ | $ | — | ​ | $ | —
U.S. government securities | ​ |  | 94,285 | ​ |  | 18,388 | ​ |  | 75,897 | ​ |  | —
Mutual fund | ​ |  | 32,551 | ​ |  | 32,551 | ​ |  | — | ​ |  | —
Exchange-traded funds | ​ |  | 71,505 | ​ |  | 71,505 | ​ |  | — | ​ |  | —
Corporate stocks - common | ​ |  | 177,743 | ​ |  | 177,718 | ​ |  | — | ​ |  | 25
Preferred securities | ​ |  | 852 | ​ |  | — | ​ |  | — | ​ |  | 852
S&P 500 Index options | ​ |  | 3,252 | ​ |  | 3,252 | ​ |  | — | ​ |  | —
Total | ​ | $ | 411,776 | ​ | $ | 335,002 | ​ | $ | 75,897 | ​ | $ | 877
Investments measured at net asset value: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Alternative investment fund | ​ |  | 16,335 | ​ |  | — | ​ |  | — | ​ |  | —
Unallocated insurance contract | ​ |  | 75 | ​ |  | — | ​ |  | — | ​ |  | —
Total investments measured at net asset value | ​ |  | 16,410 | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Total investments at fair value | ​ | $ | 428,186 | ​ | $ | 335,002 | ​ | $ | 75,897 | ​ | $ | 877
Schedule of Changes in Fair Value of Plan Assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits | Other Postretirement Benefits
($ thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Fair value of plan assets at beginning of year | ​ | $ | 428,186 | ​ | $ | 381,450 | ​ | $ | — | ​ | $ | —
Actual return on plan assets |  | ​ | 67,413 |  | ​ | 81,282 |  | ​ | — |  | ​ | —
Employer contributions |  | ​ | 1,148 |  | ​ | 151 |  | ​ | 108 |  | ​ | 111
Plan participants’ contributions |  | ​ | 7 |  | ​ | 9 |  | ​ | 4 |  | ​ | 6
Benefits paid |  | ​ | (15,272) |  | ​ | (14,399) |  | ​ | (112) |  | ​ | (117)
Settlements |  | ​ | (36,747) |  | ​ | (20,263) |  | ​ | — |  | ​ | —
Foreign exchange rate changes |  | ​ | (18) |  | ​ | (44) |  | ​ | — |  | ​ | —
Fair value of plan assets at end of year | ​ | $ | 444,717 | ​ | $ | 428,186 | ​ | $ | — | ​ | $ | —
Schedule of Amounts Recognized in Balance Sheet | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Pension Benefits |  | Other Postretirement Benefits
($ thousands) | ​ | 2020 |  | 2019 |  | 2020 |  | 2019
Prepaid pension costs (noncurrent assets) | ​ | $ | 88,833 | ​ | $ | 50,660 | ​ | $ | — | ​ | $ | —
Accrued benefit liabilities (current liability) |  | ​ | (1,896) |  | ​ | (2,405) |  | ​ | (194) |  | ​ | (200)
Accrued benefit liabilities (noncurrent liability) |  | ​ | (7,790) |  | ​ | (8,361) |  | ​ | (1,055) |  | ​ | (1,171)
Net amount recognized at end of year | ​ | $ | 79,147 | ​ | $ | 39,894 | ​ | $ | (1,249) | ​ | $ | (1,371)
Schedule of Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Plan Assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Projected Benefit Obligation Exceeds the | ​ | ​ | Accumulated Benefit Obligation
​ | ​ | ​ | Fair Value of Plan Assets | ​ | ​ | Exceeds the Fair Value of Plan Assets
($ thousands) | ​ |  | 2020 | ​ |  | 2019 | ​ |  | 2020 | ​ |  | 2019
End of Year | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Projected benefit obligation | ​ | $ | 9,686 | ​ | $ | 10,766 | ​ | $ | 9,686 | ​ | $ | 10,766
Accumulated benefit obligation | ​ |  | 8,954 | ​ |  | 9,516 | ​ |  | 8,954 | ​ |  | 9,516
Fair value of plan assets | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits | ​ | Other Postretirement Benefits
($ thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Components of accumulated other comprehensive loss, net of tax: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Net actuarial loss (gain) | ​ | $ | 10,438 | ​ | $ | 33,771 | ​ | $ | (466) | ​ | $ | (507)
Net prior service credit | ​ |  | (947) | ​ |  | (2,093) | ​ |  | — | ​ |  | —
Accumulated other comprehensive loss, net of tax | ​ | $ | 9,491 | ​ | $ | 31,678 | ​ | $ | (466) | ​ | $ | (507)
​ ​
Schedule of Net Benefit Costs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits | ​ | Other Postretirement Benefits
($ thousands) |  | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019 |  | 2018
Service cost | ​ | $ | 8,492 | ​ | $ | 7,219 | ​ | $ | 8,995 | ​ | $ | — | ​ | $ | — | ​ | $ | —
Interest cost | ​ |  | 12,205 | ​ |  | 14,811 | ​ |  | 14,236 | ​ |  | 41 | ​ |  | 60 | ​ |  | 59
Expected return on assets | ​ |  | (31,498) | ​ |  | (27,735) | ​ |  | (29,091) | ​ |  | — | ​ |  | — | ​ |  | —
Amortization of: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Actuarial loss (gain) | ​ |  | 2,718 | ​ |  | 3,904 | ​ |  | 4,122 | ​ |  | (110) | ​ |  | (107) | ​ |  | (125)
Prior service credit | ​ |  | (1,354) | ​ |  | (1,486) | ​ |  | (1,567) | ​ |  | — | ​ |  | — | ​ |  | —
Settlement cost | ​ |  | 1,353 | ​ |  | 2,236 | ​ |  | 324 | ​ |  | — | ​ |  | — | ​ |  | —
Curtailments | ​ |  | (189) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Cost of contractual termination benefits | ​ |  | — | ​ |  | 482 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total net periodic benefit income | ​ | $ | (8,273) | ​ | $ | (569) | ​ | $ | (2,981) | ​ | $ | (69) | ​ | $ | (47) | ​ | $ | (66)
Schedule of Expected Benefit Payments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Other
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Postretirement
($ thousands) |  | Funded Plan |  | SERP |  | Total |  | Benefits
Employer Contributions |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
2021 expected contributions to plan trusts | ​ | $ | 58 | ​ | $ | — | ​ | $ | 58 | ​ | $ | —
2021 expected contributions to plan participants | ​ |  | — | ​ |  | 1,925 | ​ |  | 1,925 | ​ |  | 197
2021 refund of assets (e.g. surplus) to employer | ​ |  | 136 | ​ |  | — | ​ |  | 136 | ​ |  | —
Expected Benefit Payments | ​ |  |  | ​ |  |  | ​ |  | — | ​ |  |
2021 | ​ | $ | 15,405 | ​ | $ | 1,925 | ​ | $ | 17,330 | ​ | $ | 197
2022 | ​ |  | 16,883 | ​ |  | 1,465 | ​ |  | 18,348 | ​ |  | 167
2023 | ​ |  | 15,301 | ​ |  | 2,094 | ​ |  | 17,395 | ​ |  | 141
2024 | ​ |  | 15,694 | ​ |  | 247 | ​ |  | 15,941 | ​ |  | 119
2025 | ​ |  | 16,271 | ​ |  | 270 | ​ |  | 16,541 | ​ |  | 99
2026-2030 | ​ |  | 87,139 | ​ |  | 1,840 | ​ |  | 88,979 | ​ |  | 285

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (s) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsInAccumulatedOtherComprehensiveIncomeLossToBeRecognizedOverNextFiscalYearTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets for defined benefit pension plan with projected benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 + Details
Name: | us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration