Rendering
| Component: (Network and Table) |
|---|
| Network | 00000033 - Disclosure - OTHER COMMITMENTS AND CONTINGENCIES (Tables) (http://fredsinc.com/role/OtherCommitmentsAndContingenciesTables) |
| Table | (Implied) |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0000724571 (http://www.sec.gov/CIK) |
| Commitments and Contingencies Disclosure [Abstract] | Period [Axis] |
|---|
2015-02-01 - 2016-01-30 |
|---|
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of change in benefit obligation based upon an actuarial valuation | The
Company’s change in benefit obligation based upon an actuarial valuation is as follows:
| |
|
For
the Years Ended |
|
| (in
thousands) |
|
January
30,
2016 |
|
|
January
31,
2015 |
|
|
February
1,
2014 |
|
| Benefit
obligation at beginning of year |
|
$ |
584 |
|
|
$ |
559 |
|
|
$ |
440 |
|
| Service
cost |
|
|
46 |
|
|
|
25 |
|
|
|
29 |
|
| Interest
cost |
|
|
19 |
|
|
|
17 |
|
|
|
17 |
|
| Actuarial
loss (gain) |
|
|
92 |
|
|
|
30 |
|
|
|
122 |
|
| Benefits
paid |
|
|
(46 |
) |
|
|
(47 |
) |
|
|
(49 |
) |
| Benefit
obligation at end of year |
|
$ |
695 |
|
|
$ |
584 |
|
|
$ |
559 |
|
Schedule of components of net accumulated other comprehensive income | The
Company’s components of net accumulated other comprehensive income were as follows:
| |
|
For
the Years Ended |
|
| (in
thousands) |
|
January
30,
2016 |
|
|
January
31,
2015 |
|
|
February
1,
2014 |
|
| Accumulated
other comprehensive income |
|
$ |
780 |
|
|
$ |
936 |
|
|
$ |
1,045 |
|
| Deferred
tax |
|
|
(305 |
) |
|
|
(366 |
) |
|
|
(342 |
) |
| Accumulated
other comprehensive income, net |
|
$ |
475 |
|
|
$ |
570 |
|
|
$ |
703 |
|
|
Schedule of one-percentage-point increase or decrease in the healthcare cost trend rate assumed for postretirement benefits | The
below table illustrates a one-percentage-point increase or decrease in the healthcare cost trend rate assumed for postretirement
benefits:
| (in
thousands) |
|
January
30,
2016 |
|
|
January
31,
2015 |
|
|
February
1,
2014 |
|
| Effect
of health care trend rate |
|
|
|
|
|
|
|
|
|
|
|
|
| 1% increase
effect on accumulated benefit obligations |
|
$ |
86 |
|
|
$ |
47 |
|
|
|
43 |
|
| 1% increase effect
on periodic cost |
|
|
12 |
|
|
|
5 |
|
|
|
5 |
|
| 1% decrease effect
on accumulated benefit obligations |
|
|
(69 |
) |
|
|
(42 |
) |
|
|
(39 |
) |
| 1% decrease effect
on periodic cost |
|
|
(10 |
) |
|
|
(4 |
) |
|
|
(5 |
) |
|
Schedule of annual net postretirement cost | The
annual net postretirement cost is as follows:
| (in
thousands) |
|
January
30,
2016 |
|
|
January
31,
2015 |
|
|
February
1,
2014 |
|
| Service
cost |
|
$ |
46 |
|
|
$ |
25 |
|
|
$ |
29 |
|
| Interest cost |
|
|
19 |
|
|
|
17 |
|
|
|
17 |
|
| Amortization of prior
service cost |
|
|
(13 |
) |
|
|
(13 |
) |
|
|
(13 |
) |
| Amortization
of unrecognized prior service costs |
|
|
(51 |
) |
|
|
(66 |
) |
|
|
(66 |
) |
| Net
periodic postretirement benefit cost |
|
$ |
1 |
|
|
$ |
(37 |
) |
|
$ |
(33 |
) |
|
Schedule of expected cash flows for the postretirement medical plan | The
Company’s policy is to fund claims as incurred. Information about the expected cash flows for the postretirement medical
plan follows:
| (in
thousands) |
|
Postretirement
Medical Plan |
|
| Expected Benefit Payments,
net of retiree contributions |
|
|
|
|
| 2016 |
|
$ |
51 |
|
| 2017 |
|
|
58 |
|
| 2018 |
|
|
58 |
|
| 2019 |
|
|
60 |
|
| 2020 |
|
|
62 |
|
| Next
5 years |
|
|
321 |
|
|