XML 48 R33.htm IDEA: XBRL DOCUMENT
v3.25.1

RETIREMENT AND OTHER BENEFIT PLANS (Tables) | 12 Months Ended
--- | ---
Feb. 01, 2025
Retirement and Other Benefit Plans |
Schedule of Changes in Projected Benefit Obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits | ​ | Other Postretirement Benefits
($ thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Benefit obligation at beginning of year | ​ | $ | 282,175 | ​ | $ | 285,572 | ​ | $ | 931 | ​ | $ | 1,018
Service cost |  | ​ | 4,931 |  | ​ | 5,020 |  | ​ | — |  | ​ | —
Interest cost |  | ​ | 15,025 |  | ​ | 14,543 |  | ​ | 45 |  | ​ | 48
Plan participants’ contribution |  | ​ | 9 |  | ​ | 11 |  | ​ | 2 |  | ​ | 1
Actuarial (gain) loss |  | ​ | (10,062) |  | ​ | (6,773) |  | ​ | 25 |  | ​ | (61)
Benefits paid |  | ​ | (16,561) |  | ​ | (16,149) |  | ​ | (68) |  | ​ | (75)
Settlements |  | ​ | (17,985) |  | ​ | — |  | ​ | — |  | ​ | —
Foreign exchange rate changes |  | ​ | (307) |  | ​ | (49) |  | ​ | — |  | ​ | —
Benefit obligation at end of year | ​ | $ | 257,225 | ​ | $ | 282,175 | ​ | $ | 935 | ​ | $ | 931
Defined Benefit Plan, Assumptions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits | Other Postretirement Benefits
Weighted–average assumptions used to determine benefit obligations, end of year |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
Discount rate | ​ | 5.80 | % | 5.40 | % | 5.80 | % | 5.40 | %
Rate of compensation increase |  | 1.70 | % | 1.70 | % | N/A |  | N/A | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits | ​ | Other Postretirement Benefits |
Weighted–average assumptions used to determine net periodic benefit income |  | 2024 | ​ | 2023 |  | 2022 | ​ | 2024 | ​ | 2023 |  | 2022 |
Discount rate |  | 5.40 | % | 5.20 | % | 3.40 | % | 5.40 | % | 5.20 | % | 3.40 | %
Rate of compensation increase |  | 1.70 | % | 3.00 | % | 3.00 | % | N/A |  | N/A |  | N/A | ​
Expected return on plan assets |  | 7.70 | % | 7.50 | % | 7.20 | % | N/A |  | N/A |  | N/A | ​
Schedule of Allocation of Plan Assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements at February 1, 2025
($ thousands) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Asset | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Cash and cash equivalents | ​ | $ | 15,233 | ​ | $ | 15,233 | ​ | $ | — | ​ | $ | —
U.S. government securities | ​ |  | 70,577 | ​ |  | 63,423 | ​ |  | 7,154 | ​ |  | —
Interest rate swap agreements | ​ | ​ | (4,188) | ​ | ​ | — | ​ | ​ | (4,188) | ​ | ​ | —
Mutual fund | ​ |  | 27,661 | ​ |  | 27,661 | ​ |  | — | ​ |  | —
Exchange-traded funds | ​ |  | 119,650 | ​ |  | 119,650 | ​ |  | — | ​ |  | —
Corporate stocks - common | ​ |  | 80,489 | ​ |  | 80,446 | ​ |  | — | ​ |  | 43
Warrant | ​ | ​ | 153 | ​ | ​ | 153 | ​ | ​ | — | ​ | ​ | —
Real estate investment trust | ​ | ​ | 1,118 | ​ | ​ | 1,118 | ​ | ​ | — | ​ | ​ | —
Preferred securities | ​ |  | 171 | ​ |  | — | ​ |  | — | ​ |  | 171
S&P 500 Index options | ​ |  | (3,738) | ​ |  | (3,738) | ​ |  | — | ​ |  | —
Total investments in the fair value hierarchy | ​ | $ | 307,126 | ​ | $ | 303,946 | ​ | $ | 2,966 | ​ | $ | 214
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Investments measured at net asset value: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Alternative investment fund | ​ |  | 14,579 | ​ |  | — | ​ |  | — | ​ |  | —
Unallocated insurance contract | ​ |  | 24 | ​ |  | — | ​ |  | — | ​ |  | —
Total investments measured at net asset value | ​ |  | 14,603 | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Total investments at fair value | ​ | $ | 321,729 | ​ | $ | 303,946 | ​ | $ | 2,966 | ​ | $ | 214
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurements at February 3, 2024
($ thousands) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Asset | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Cash and cash equivalents | ​ | $ | 11,138 | ​ | $ | 11,138 | ​ | $ | — | ​ | $ | —
U.S. government securities | ​ |  | 74,777 | ​ |  | 65,345 | ​ |  | 9,432 | ​ |  | —
Interest rate swap agreements | ​ | ​ | 3,647 | ​ | ​ | — | ​ | ​ | 3,647 | ​ | ​ | ​
Mutual fund | ​ |  | 28,114 | ​ |  | 28,114 | ​ |  | — | ​ |  | —
Exchange-traded funds | ​ |  | 128,263 | ​ |  | 128,263 | ​ |  | — | ​ |  | —
Corporate stocks - common | ​ |  | 84,652 | ​ |  | 84,528 | ​ |  | — | ​ |  | 124
Warrant | ​ | ​ | 220 | ​ | ​ | 220 | ​ | ​ | — | ​ | ​ | —
Real estate investment trust | ​ | ​ | 105 | ​ | ​ | 105 | ​ | ​ | — | ​ | ​ | —
Preferred securities | ​ |  | 237 | ​ |  | — | ​ |  | — | ​ |  | 237
S&P 500 Index options | ​ |  | (1,788) | ​ |  | (1,788) | ​ |  | — | ​ |  | —
Total investments in the fair value hierarchy | ​ | $ | 329,365 | ​ | $ | 315,925 | ​ | $ | 13,079 | ​ | $ | 361
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investments measured at net asset value: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Alternative investment fund | ​ |  | 14,654 | ​ |  | — | ​ |  | — | ​ |  | —
Unallocated insurance contract | ​ |  | 32 | ​ |  | — | ​ |  | — | ​ |  | —
Total investments measured at net asset value | ​ |  | 14,686 | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Total investments at fair value | ​ | $ | 344,051 | ​ | $ | 315,925 | ​ | $ | 13,079 | ​ | $ | 361
Schedule of Changes in Fair Value of Plan Assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits | Other Postretirement Benefits
($ thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Fair value of plan assets at beginning of year | ​ | $ | 344,051 | ​ | $ | 356,745 | ​ | $ | — | ​ | $ | —
Actual return on plan assets |  | ​ | 12,432 |  | ​ | 3,375 |  | ​ | — |  | ​ | —
Employer contributions |  | ​ | 90 |  | ​ | 118 |  | ​ | 66 |  | ​ | 74
Plan participants’ contributions |  | ​ | 9 |  | ​ | 11 |  | ​ | 2 |  | ​ | 1
Benefits paid |  | ​ | (16,561) |  | ​ | (16,149) |  | ​ | (68) |  | ​ | (75)
Settlements |  | ​ | (17,985) |  | ​ | — |  | ​ | — |  | ​ | —
Foreign exchange rate changes |  | ​ | (307) |  | ​ | (49) |  | ​ | — |  | ​ | —
Fair value of plan assets at end of year | ​ | $ | 321,729 | ​ | $ | 344,051 | ​ | $ | — | ​ | $ | —
Schedule of Amounts Recognized in Balance Sheet | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Pension Benefits |  | Other Postretirement Benefits
($ thousands) | ​ | 2024 |  | 2023 |  | 2024 |  | 2023
Prepaid pension costs (noncurrent assets) | ​ | $ | 78,463 | ​ | $ | 74,951 | ​ | $ | — | ​ | $ | —
Accrued benefit liabilities (current liability) |  | ​ | (9,023) |  | ​ | (5,327) |  | ​ | 180 |  | ​ | (176)
Accrued benefit liabilities (noncurrent liability) |  | ​ | (4,936) |  | ​ | (7,748) |  | ​ | 755 |  | ​ | (755)
Net amount recognized at end of year | ​ | $ | 64,504 | ​ | $ | 61,876 | ​ | $ | 935 | ​ | $ | (931)
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) | ​ |  | 2024 | ​ |  | 2023 | ​ |  | 2024 | ​ |  | 2023
End of Year | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Projected benefit obligation | ​ | $ | 13,958 | ​ | $ | 13,075 | ​ | $ | 13,958 | ​ | $ | 13,075
Accumulated benefit obligation | ​ |  | 12,568 | ​ |  | 12,144 | ​ |  | 12,568 | ​ |  | 12,144
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) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Components of accumulated other comprehensive loss, net of tax: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Net actuarial loss (gain) | ​ | $ | 28,455 | ​ | $ | 33,709 | ​ | $ | (256) | ​ | $ | (374)
Net prior service credit | ​ |  | 34 | ​ |  | 71 | ​ |  | — | ​ |  | —
Accumulated other comprehensive loss, net of tax | ​ | $ | 28,489 | ​ | $ | 33,780 | ​ | $ | (256) | ​ | $ | (374)
​ ​
Schedule of net periodic benefit expense (income) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits | ​ | Other Postretirement Benefits
($ thousands) |  | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Service cost | ​ | $ | 4,931 | ​ | $ | 5,020 | ​ | $ | 7,143 | ​ | $ | — | ​ | $ | — | ​ | $ | —
Interest cost | ​ |  | 15,025 | ​ |  | 14,543 | ​ |  | 11,977 | ​ |  | 45 | ​ |  | 48 | ​ |  | 35
Expected return on assets | ​ |  | (24,279) | ​ |  | (24,353) | ​ |  | (27,987) | ​ |  | — | ​ |  | — | ​ |  | —
Amortization of: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Actuarial loss (gain) | ​ |  | 6,038 | ​ |  | 3,785 | ​ |  | 3,088 | ​ |  | (108) | ​ |  | (110) | ​ |  | (103)
Prior service credit | ​ |  | 49 | ​ |  | (123) | ​ |  | (314) | ​ |  | — | ​ |  | — | ​ |  | —
Settlement cost | ​ |  | 2,716 | ​ |  | ​ | ​ |  | 320 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Curtailments | ​ |  | — | ​ |  | — | ​ |  | 13 | ​ |  | — | ​ |  | — | ​ |  | —
Total net periodic benefit expense (income) | ​ | $ | 4,480 | ​ | $ | (1,128) | ​ | $ | (5,760) | ​ | $ | (63) | ​ | $ | (62) | ​ | $ | (68)
Schedule of Expected Benefit Payments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pension Benefits
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Other
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Postretirement
($ thousands) |  | Funded Plan |  | SERP |  | Total |  | Benefits
Employer Contributions |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
2025 expected contributions to plan trusts | ​ | $ | 74 | ​ | $ | — | ​ | $ | 74 | ​ | $ | —
2025 expected contributions to plan participants | ​ |  | — | ​ |  | 9,281 | ​ |  | 9,281 | ​ |  | 185
2025 refund of assets (e.g. surplus) to employer | ​ |  | 124 | ​ |  | — | ​ |  | 124 | ​ |  | —
Expected Benefit Payments | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |
2025 | ​ | $ | 15,855 | ​ | $ | 9,281 | ​ | $ | 25,136 | ​ | $ | 185
2026 | ​ |  | 16,355 | ​ |  | 501 | ​ |  | 16,856 | ​ |  | 144
2027 | ​ |  | 16,773 | ​ |  | 825 | ​ |  | 17,598 | ​ |  | 113
2028 | ​ |  | 17,272 | ​ |  | 785 | ​ |  | 18,057 | ​ |  | 88
2029 | ​ |  | 17,687 | ​ |  | 719 | ​ |  | 18,406 | ​ |  | 68
2030-2034 | ​ |  | 90,466 | ​ |  | 3,941 | ​ |  | 94,407 | ​ |  | 166

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 -Topic 715 -SubTopic 20 -Subparagraph (d)(5) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAmountsInAccumulatedOtherComprehensiveIncomeLossToBeRecognizedOverNextFiscalYearTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 + Details
Name: | us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 715 -SubTopic 20 -Subparagraph (b) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 715 -SubTopic 20 -Subparagraph (a) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 715 -SubTopic 20 -Subparagraph (f) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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