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11 - Employee Benefit Plans (Tables)

9 Months Ended

Nov. 03, 2019

Pension Plan [Member]

11 - Employee Benefit Plans (Tables) [Line Items]

Schedule of Net Benefit Costs [Table Text Block]

On January 30, 2019, our Board of Directors voted to terminate the Pension Plan. We settled all Pension Plan obligations during the quarter with the purchase of nonparticipating annuity contracts for plan participants. Consequently, we recognized a $520,000 settlement gain during the quarter, which is recorded in the “other income” line of our condensed consolidated statements of income. The $520,000 represented an amount recorded in accumulated other comprehensive income until the pension obligation was settled upon plan termination.

		Thirteen Weeks Ended								Thirty-Nine Weeks Ended
		November 3,				October 28,				November 3,				October 28,
		2019				2018				2019				2018
Net periodic benefit costs
Service cost			26				81				78				243
Interest cost			204				206				613				618
Actuarial loss			37				43				111				129
Expected return on pension plan assets			(101	)			(144	)			(304	)			(431	)
Pension plan administrative expenses			98				70				293				210
Consolidated net periodic benefit costs		$	264			$	256			$	791			$	769

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- 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

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