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10. Employee Benefit Plans | 9 Months Ended
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Oct. 29, 2017
Retirement Benefits [Abstract] |
Pension and Other Postretirement Benefits Disclosure [Text Block] | 10. Employee Benefit Plans We maintain three retirement plans for the benefit of certain former and current employees, including a supplemental retirement income plan (“SRIP”) for certain former and current employees of Hooker Furniture Corporation, as well as two plans for the benefit of certain and former employees of Pulaski Furniture Corporation, one of two entities combined to form Home Meridian International. These legacy pension plan obligations include:
§ | the Pulaski Furniture Corporation Supplemental Executive Retirement Plan (“SERP”) for certain former executives. The SERP is an unfunded plan and all benefits are paid solely out of our general assets; and
§ | the Pulaski Furniture Corporation Pension Plan (“Pension Plan”) for former Pulaski Furniture Corporation employees.
The SRIP, SERP and Pension Plan are all “frozen” and we do not expect to add additional employees to any of these plans in the future. Pension plan assets include a range of mutual fund asset classes and are measured at fair value using Level 1 inputs, which are quoted prices in active markets. Components of net periodic benefit cost for the SRIP, SERP and Pension Plans are included in our condensed consolidated statements of income under selling and administrative expen ses.
|  | Thirteen Weeks Ended |  |  | Thirty-Nine Weeks Ended |
|  | October 29, |  |  | October 30, |  |  | October 29, |  |  | October 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Net periodic benefit costs |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  |  | 76 |  |  |  | 94 |  |  |  | 228 |  |  |  | 282 |
Interest cost |  |  | 280 |  |  |  | 295 |  |  |  | 839 |  |  |  | 885 |
Actuarial loss (gain) |  |  | 15 |  |  |  | (18 | ) |  |  | 45 |  |  |  | (54 | )
Expected return on pension plan assets |  |  | (234 | ) |  |  | (197 | ) |  |  | (700 | ) |  |  | (591 | )
Expected administrative expenses |  |  | 70 |  |  |  | 70 |  |  |  | 210 |  |  |  | 210 |
Consolidated net periodic benefit costs |  | $ | 207 |  |  | $ | 244 |  |  | $ | 622 |  |  | $ | 732 |
The expected long-term rate of return on Pension Plan assets is 7.0% as of the Pension Plan’s most recent valuation date of January 29, 2017. We contributed $511,000 in required contributions to the Pension Plan in the first nine months of fiscal 2018. There are no required Pension Plan contributions due during the remainder of fiscal 2018. The SRIP and SERP plans are unfunded plans. Consequently, we expect to pay a total of approximately $210,000 in benefit payments from our general assets during the remainder of fiscal 2018 to fund SRIP and SERP payments.

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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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