Belk (BLKIA) 10-Q 10 Dec 13 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Nov. 02, 2013	Dec. 03, 2013	Dec. 03, 2013
		Class A Common Stock [Member]	Class B Common Stock [Member]
Document Information [Line Items]	'	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	2-Nov-13	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q3	'	'
Entity Registrant Name	'BELK INC	'	'
Entity Central Index Key	'0001051771	'	'
Current Fiscal Year End Date	'--02-01	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	40,063,026	927,890

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Income Statement [Abstract]	'	'	'	'
Revenues	$860,743	$837,487	$2,716,035	$2,615,229
Cost of goods sold (including occupancy, distribution and buying expenses)	589,722	574,211	1,836,855	1,755,642
Selling, general and administrative expenses	254,766	238,344	748,835	706,029
Gain on sale of property and equipment	559	1,110	1,372	2,825
Asset impairment and exit costs	1,831	-645	3,526	-450
Operating income	14,983	26,687	128,191	156,833
Interest expense, net	-10,681	-11,121	-32,562	-36,065
Income before income taxes	4,302	15,566	95,629	120,768
Income tax expense	742	4,421	33,357	41,961
Net income	$3,560	$11,145	$62,272	$78,807
Basic net income per share	$0.09	$0.26	$1.49	$1.80
Diluted net income per share	$0.09	$0.26	$1.48	$1.80
Weighted average shares outstanding:	'	'	'	'
Basic	40,990,916	42,717,880	41,724,596	43,692,854
Diluted	41,195,708	42,865,740	41,996,697	43,889,746

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Statement Of Income And Comprehensive Income [Abstract]	'	'	'	'
Net income	$3,560	$11,145	$62,272	$78,807
Other comprehensive income:	'	'	'	'
Unrealized gain on interest rate swap, net of $740 income taxes for the nine months ended October 27, 2012.	'	'	'	945
Defined benefit plan adjustments, net of $1,224 and $3,672 income taxes for the three and nine months ended November 2, 2013, respectively and $1,160 and $3,484 income taxes for the three and nine months ended October 27, 2012, respectively.	2,062	1,957	6,186	5,868
Total other comprehensive income	2,062	1,957	6,186	6,813
Total comprehensive income	$5,622	$13,102	$68,458	$85,620

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Statement Of Income And Comprehensive Income [Abstract]	'	'	'	'
Net of income taxes on unrealized gain on interest rate swaps	'	'	'	$740
Net of income taxes on defined benefit plan adjustments	$1,224	$1,160	$3,672	$3,484

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Nov. 02, 2013	Feb. 02, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$23,706	$269,177
Accounts receivable, net	28,273	32,004
Merchandise inventory	1,294,426	1,009,687
Prepaid income taxes, expenses and other current assets	36,988	28,460
Total current assets	1,383,393	1,339,328
Property and equipment, net of accumulated depreciation and amortization of $1,520,164 and $1,418,877 as of November 2, 2013 and February 2, 2013, respectively.	1,145,259	1,055,944
Deferred income taxes	32,208	43,292
Other assets	49,693	40,062
Total assets	2,610,553	2,478,626
Current liabilities:	'	'
Accounts payable	458,205	255,763
Accrued liabilities	242,334	224,367
Accrued income taxes	'	22,334
Deferred income taxes	38,063	36,710
Current installments of long-term debt and capital lease obligations	7,730	9,714
Total current liabilities	746,332	548,888
Long-term debt and capital lease obligations, excluding current installments	386,562	390,110
Retirement obligations and other noncurrent liabilities	241,595	277,007
Total liabilities	1,374,489	1,216,005
Stockholders' equity:	'	'
Preferred stock	'	'
Common stock, 400 million shares authorized and 41.0 and 42.7 million shares issued and outstanding as of November 2, 2013 and February 2, 2013, respectively.	410	427
Paid-in capital	176,915	271,913
Retained earnings	1,219,535	1,157,263
Accumulated other comprehensive loss	-160,796	-166,982
Total stockholders' equity	1,236,064	1,262,621
Total liabilities and stockholders' equity	$2,610,553	$2,478,626

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Nov. 02, 2013	Feb. 02, 2013
In Thousands, except Share data in Millions, unless otherwise specified
Statement Of Financial Position [Abstract]	'	'
Accumulated depreciation and amortization of Property and equipment	$1,520,164	$1,418,877
Common stock, shares authorized	400	400
Common stock, shares issued	41	42.7
Common stock, shares outstanding	41	42.7

Condensed_Consolidated_Stateme3

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
In Thousands
Balance at Feb. 02, 2013	$1,262,621	$427	$271,913	$1,157,263	($166,982)
Balance, shares at Feb. 02, 2013	'	42,718	'	'	'
Net income	62,272	'	'	62,272	'
Other comprehensive income	6,186	'	'	'	6,186
Issuance of stock-based compensation	-397	'	-397	'	'
Stock-based compensation expense	6,520	'	6,520	'	'
Common stock issued	773	3	770	'	'
Common stock issued, shares	'	311	'	'	'
Repurchase and retirement of common stock	-101,911	-20	-101,891	'	'
Repurchase and retirement of common stock, shares	'	-2,038	'	'	'
Balance at Nov. 02, 2013	$1,236,064	$410	$176,915	$1,219,535	($160,796)
Balance, shares at Nov. 02, 2013	'	40,991	'	'	'

Condensed_Consolidated_Stateme4

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012
Cash flows from operating activities:	'	'
Net income	$62,272	$78,807
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Asset impairment and exit costs	3,526	-450
Deferred income tax expense	10,618	10,412
Depreciation and amortization expense	99,989	90,911
Stock-based compensation expense	9,105	13,254
Loss (gain) on sale of property and equipment	600	-853
Amortization of deferred gain on sale and leaseback	-1,972	-1,972
Amortization of deferred debt issuance costs	623	623
Increase (decrease) in:	'	'
Accounts receivable, net	3,731	4,516
Merchandise inventory	-284,739	-366,374
Prepaid income taxes, expenses and other assets	-20,728	-36,967
Increase (decrease) in:	'	'
Accounts payable and accrued liabilities	210,239	303,697
Accrued income taxes	-22,334	-20,684
Retirement obligations and other liabilities	-24,677	-10,112
Net cash provided by operating activities	46,253	64,808
Cash flows from investing activities:	'	'
Purchases of property and equipment	-176,215	-133,592
Proceeds from sales of property and equipment	104	2,269
Net cash used by investing activities	-176,111	-131,323
Cash flows from financing activities:	'	'
Principal payments on long-term debt and capital lease obligations	-6,376	-106,069
Repurchase and retirement of common stock	-101,911	-102,047
Dividends paid	'	-33,898
Stock compensation tax benefit	1,644	1,858
Cash paid for withholding taxes in lieu of stock-based compensation shares	-8,970	-6,210
Net cash used by financing activities	-115,613	-246,366
Net decrease in cash and cash equivalents	-245,471	-312,881
Cash and cash equivalents at beginning of period	269,177	456,272
Cash and cash equivalents at end of period	23,706	143,391
Supplemental disclosures of cash flow information:	'	'
Income taxes paid	48,437	59,751
Interest paid, net of capitalized interest	18,527	21,747
Supplemental schedule of noncash investing activities:	'	'
Increase in property and equipment through accrued purchases	14,502	27,975
Increase in property and equipment through assumption of capital leases	$844	'

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Nov. 02, 2013
Accounting Policies [Abstract]	'
Basis of Presentation	'
	(1) Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements of Belk, Inc. and subsidiaries (the “Company”) have been prepared in accordance with the instructions to Form 10-Q promulgated by the United States Securities and Exchange Commission (“SEC”) and should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended February 2, 2013. In the opinion of management, this information is fairly presented and all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the results for the interim periods have been included; however, certain items are included in these statements based on estimates for the entire year. Also, operating results for the three and nine months ended November 2, 2013 may not be indicative of the operating results that may be expected for the full fiscal year.
	Certain prior period amounts have been reclassified to conform with current year presentation. Previously, the Company presented amounts due from certain vendors on a gross basis. In the current year, the Company has presented amounts due from those certain vendors on a net basis. Accordingly, the Company has revised amounts presented for the nine months ended October 27, 2012 on the cash flow statement and the twelve months ended February 2, 2013 on the balance sheet for comparability purposes. The revision had no impact on net income, cash flows from operating activities, or stockholders’ equity, and an insignificant impact on working capital for the nine months ended October 27, 2012 and twelve months ended February 2, 2013.

New_Accounting_Pronouncements

New Accounting Pronouncements	9 Months Ended
	Nov. 02, 2013
Accounting Changes And Error Corrections [Abstract]	'
New Accounting Pronouncements	'
	(2) New Accounting Pronouncements
	In December 2011, the Financial Accounting Standards Board issued Accounting Standards Update No. 2011-12, “Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05,” which deferred the requirement to present on the face of the financial statements items that are reclassified from other comprehensive income to net income. In February 2013, the Financial Accounting Standards Board issued Accounting Standard Update No. 2013-02,” which finalized the reporting requirements of reclassifications out of accumulated other comprehensive income. The Company adopted this guidance beginning in the first quarter of fiscal year 2014 when it was required. The adoption of this update did not have a material effect on the Company’s condensed consolidated results of operations, financial position or cash flows.
	In December 2011, the Financial Accounting Standards Board issued Accounting Standards Update No. 2011-11, “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities,” which requires disclosure of both gross information and net information about both instruments and transactions eligible for offset in the statement of financial position and instruments and transactions subject to agreements similar to a master netting arrangements. In January 2013, the Financial Accounting Standards Board issued Accounting Standards Update No. 2013-01, “Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities,” which clarified the scope of Accounting Standards Update No. 2011-11. The Company adopted this guidance beginning in the first quarter of fiscal year 2014 when it was required. The adoption of this update did not have a material effect on the Company’s condensed consolidated results of operations, financial position or cash flows.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss	9 Months Ended
	Nov. 02, 2013
Equity [Abstract]	'
Accumulated Other Comprehensive Loss	'
	(3) Accumulated Other Comprehensive Loss
	As of November 2, 2013 and February 2, 2013, the accumulated other comprehensive loss for defined benefit plans was $160.8 million and $167.0 million, respectively. These amounts are net of income taxes of $96.8 million and $100.5 million at November 2, 2013 and February 2, 2013, respectively.
	For the three months ended November 2, 2013, the Company reclassified $2.1 million of amortization of defined benefit plan liabilities, net of $1.2 million in income taxes, from accumulated comprehensive income to selling, general and administrative expenses on the condensed consolidated statements of income.
	For the nine months ended November 2, 2013, the Company reclassified $6.2 million of amortization of defined benefit plan liabilities, net of $3.7 million in income taxes, from accumulated comprehensive income to selling, general and administrative expenses on the condensed consolidated statements of income.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Nov. 02, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	(4) Fair Value Measurements
	Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date. The Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets for identical assets and liabilities; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.
	The Company has equity and fixed income investments related to its company-owned life insurance. The fair value of the investments is the estimated amount that the Company would receive if the policy was terminated, taking into consideration the current creditworthiness of the insurer. The fair value of the company-owned life insurance is considered Level 2, as it is determined by inputs that are readily available in public markets or can be derived from information available in publicly quoted markets. Additionally, the change in the fair value of the company-owned life insurance is marked to market through income.
	As of November 2, 2013 and February 2, 2013, the Company held company-owned life insurance measured at fair value on a recurring basis of $37.0 million and $24.5 million, respectively. These amounts are presented net of loans that are secured by some of these policies of $144.4 million and $147.4 million at November 2, 2013 and February 2, 2013, respectively. Total gross company-owned life insurance assets were $181.4 million and $171.9 million at November 2, 2013 and February 2, 2013, respectively.
	The Company has in the past entered into interest rate swap agreements with financial institutions to manage the exposure to changes in interest rates. When doing so, the fair value of the interest rate swap agreement is the estimated amount that the Company would pay or receive to terminate the swap agreement, taking into account the current creditworthiness of the swap counterparty. The fair values of swap contracts are determined based on inputs that are readily available in public markets or can be derived from information available in publicly quoted markets. The Company has consistently applied these valuation techniques in all periods presented.
	Certain long-lived assets are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances (for example, when there is evidence of impairment). The fair value measurements related to long-lived assets are determined using expected future cash flow analyses. The Company estimates future cash flows based on historical experience and its expectation of future performance. The analyses use discounted cash flows and take into consideration any anticipated salvage value or sales price for the store. The analyses also assume available option periods through 20 years unless there is a real estate related event which would increase or decrease the time period. The Company classifies these measurements as Level 3. During the nine months ended November 2, 2013, the Company recorded $2.4 million in impairment charges to adjust a retail location’s net book value to fair market value.
	As of November 2, 2013 and February 2, 2013, the fair value of fixed rate long-term debt including the current portion and excluding capitalized leases, was $394.6 million and $397.9 million, respectively. The Company classifies these measurements as Level 2. The fair value of the Company’s fixed rate long-term debt is estimated based on the current rates offered to the Company for debt of the same remaining maturities and credit ratings. The total carrying value of long-term debt, including the current portion and excluding capitalized leases, was $375.0 million as of November 2, 2013 and February 2, 2013.

Asset_Impairment_and_Exit_Cost

Asset Impairment and Exit Costs	9 Months Ended
	Nov. 02, 2013
Restructuring And Related Activities [Abstract]	'
Asset Impairment and Exit Costs	'
	(5) Asset Impairment and Exit Costs
	During the three months ended November 2, 2013, the Company recorded $1.5 million in impairment charges to adjust a retail location’s net book value to fair market value. The Company determines fair value of its retail locations primarily based on the present value of future cash flows. In addition, the Company recorded a $0.3 million charge for real estate holding costs during the three months ended November 2, 2013.
	During the nine months ended November 2, 2013, the Company recorded $2.4 million in impairment charges to adjust a retail location’s net book value to fair market value, a $0.9 million charge for real estate holding costs, and $0.2 million in exit costs comprised of severance costs associated with the planned closing of four stores.
	During the three months ended October 27, 2012, the Company recorded a $0.7 million rent adjustment due to space reductions at two stores which were previously dual-box locations. In addition, during the nine months ended October 27, 2012, the Company recorded a $0.2 million charge for exit costs primarily associated with the closing of two stores.

Gain_on_Property_and_Equipment

Gain on Property and Equipment	9 Months Ended
	Nov. 02, 2013
Text Block [Abstract]	'
Gain on Property and Equipment	'
	(6) Gain on Property and Equipment
	During the three months ended October 27, 2012, the Company sold a former store location it was holding for sale, which resulted in a gain of $0.4 million. In addition, during the nine months ended October 27, 2012, the Company recognized a total gain of $1.0 million for insurance proceeds in excess of the net book value of property damaged by floods.

Borrowings

Borrowings	9 Months Ended
	Nov. 02, 2013
Debt Disclosure [Abstract]	'
Borrowings	'
	(7) Borrowings
	On July 12, 2012, the Company paid, upon maturity, $80.0 million of its floating rate senior note and $20.0 million of its 5.05% fixed rate senior note. The $80.0 million floating rate senior note had an associated interest rate swap, with a fixed interest rate of 5.2%, designated as a cash flow hedge of variable interest payments.

Income_Taxes

Income Taxes	9 Months Ended
	Nov. 02, 2013
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	(8) Income Taxes
	Income tax expense for the three months ended November 2, 2013 was $0.7 million, or 17.2% of pre-tax income, compared to $4.4 million, or 28.4% of pre-tax income, for the three months ended October 27, 2012. The decrease in income tax expense was due primarily to the decrease in income before income taxes for the three months ended November 2, 2013 of $11.3 million. The decrease in the rate was due primarily to a $0.6 million reduction in the accrual for uncertain tax reserves during fiscal year 2014, which was the result of expired state related statutes of limitations.
	Income tax expense for the nine months ended November 2, 2013 was $33.4 million, or 34.9% of pre-tax income, compared to $42.0 million, or 34.7% of pre-tax income, for the nine months ended October 27, 2012. The decrease in income tax expense was due primarily to the decrease in income before income taxes for the nine months ended November 2, 2013 of $25.1 million.
	Due to a change in an IRS audit policy regarding capitalization of costs relating to tangible property, the Company, during the first quarter of fiscal year 2013, reduced the overall reserve for uncertain tax positions by $6.5 million, which resulted in a reduction in deferred tax assets with no effect on income tax expense for the first quarter of fiscal year 2013. The total reserve of uncertain tax positions was $17.2 million and $16.9 million as of November 2, 2013 and October 27, 2012, respectively.

Pension_SERP_and_Postretiremen

Pension, SERP and Postretirement Benefits	9 Months Ended
	Nov. 02, 2013
Compensation And Retirement Disclosure [Abstract]	'
Pension, SERP and Postretirement Benefits	'
	(9) Pension, SERP and Postretirement Benefits
	The Company has a defined benefit pension plan, the Belk Pension Plan, which prior to fiscal year 2010 had been partially frozen and closed to new participants. Pension benefits were suspended for fiscal year 2010, and effective December 31, 2009, the Pension Plan was frozen for those remaining participants whose benefits were not previously frozen.
	The Company has a non-qualified defined benefit Supplemental Executive Retirement Plan, (“Old SERP”), which provides retirement and death benefits to certain qualified executives. Old SERP has been closed to new executives and has been replaced by the 2004 Supplemental Executive Retirement Plan (“2004 SERP”), a non-qualified defined contribution plan.
	The Company also provides postretirement medical and life insurance benefits to certain employees, and was closed to new participants in 2002. The Company accounts for postretirement benefits by recognizing the cost of these benefits over an employee’s estimated term of service with the Company, in accordance with ASC 715, “Compensation — Retirement Benefits.”
	The components of net periodic benefit expense for these plans are as follows:
		Three Months Ended
		Pension Plan						Old SERP Plan				Postretirement Plan
		November 2,			October 27,			November 2,		October 27,		November 2,		October 27,
		2013			2012			2013		2012		2013		2012
								(in thousands)
	Service cost	$	—		$	—		$	41	$	38	$	30	$	29
	Interest cost		5,691			5,854			129		140		228		266
	Expected return on plan assets		(7,138	)		(7,240	)		—		—		—		—
	Amortization of transition obligation		—			—			—		—		—		49
	Amortization of net loss		3,123			2,842			132		119		31		107
	Net periodic benefit expense	$	1,676		$	1,456		$	302	$	297	$	289	$	451
		Nine Months Ended
		Pension Plan						Old SERP Plan				Postretirement Plan
		November 2,			October 27,			November 2,		October 27,		November 2,		October 27,
		2013			2012			2013		2012		2013		2012
								(in thousands)
	Service cost	$	—		$	—		$	123	$	114	$	90	$	87
	Interest cost		17,073			17,562			387		420		684		798
	Expected return on plan assets		(21,414	)		(21,720	)		—		—		—		—
	Amortization of transition obligation		—			—			—		—		—		147
	Amortization of net loss		9,369			8,526			396		357		93		321
	Net periodic benefit expense	$	5,028		$	4,368		$	906	$	891	$	867	$	1,353
	During the nine months ended November 2, 2013, the Company made a discretionary contribution to its Pension Plan of $25.0 million. The Company does not expect to make additional contributions to the Pension Plan before fiscal year end. During the three and nine months ended October 27, 2012, the Company made contributions to its Pension Plan of $9.0 million and $18.0 million, respectively.

Earnings_per_Share

Earnings per Share	9 Months Ended
	Nov. 02, 2013
Earnings Per Share [Abstract]	'
Earnings per Share	'
	(10) Earnings per Share
	Basic earnings per share (“EPS”) is computed by dividing net income by the weighted-average number of shares of common stock outstanding for the period. The diluted EPS calculation includes the effect of contingently issuable stock-based compensation awards with remaining service vesting conditions as being outstanding at the beginning of the period in which all other vesting conditions are met.
	If all necessary conditions have not been satisfied by the end of the period, the contingently issuable shares included in diluted EPS are based on the number of dilutive shares that would be issuable at the end of the contingency period. Contingently-issuable non-vested share awards are included in the diluted EPS calculation as of the beginning of the period (or as of the date of the contingent share agreement, if later).
	The reconciliation of basic and diluted shares for the three and nine months ended November 2, 2013 and October 27, 2012, are as follows:
		Three Months Ended				Nine Months Ended
		November 2,		October 27,		November 2,		October 27,
		2013		2012		2013		2012
	Basic Shares		40,990,916		42,717,880		41,724,596		43,692,854
	Dilutive contingently-issuable non-vested share awards		204,461		146,139		271,770		192,941
	Dilutive contingently-issuable vested share awards		331		1,721		331		3,951
	Diluted Shares		41,195,708		42,865,740		41,996,697		43,889,746

Repurchase_of_Common_Stock

Repurchase of Common Stock	9 Months Ended
	Nov. 02, 2013
Text Block [Abstract]	'
Repurchase of Common Stock	'
	(11) Repurchase of Common Stock
	On March 27, 2013, the Company’s Board of Directors approved a self-tender offer to purchase up to 1,500,000 shares of Class A and 500,000 shares of Class B common stock at a price of $50.00 per share. The tender offer was initiated on April 25, 2013 and completed on May 22, 2013 when the Company accepted for purchase 1,741,669 shares of Class A and 296,560 shares of Class B common stock for $101.9 million. In accordance with the offer to purchase and SEC rules, the Company accepted for purchase 241,669 additional shares of Class A common stock that were tendered by stockholders, which is less than 2.0% of the outstanding shares of Class A stock that were subject to the offer.

New_Accounting_Pronouncements_

New Accounting Pronouncements (Policies)	9 Months Ended
	Nov. 02, 2013
Accounting Changes And Error Corrections [Abstract]	'
Comprehensive Income	'
	In December 2011, the Financial Accounting Standards Board issued Accounting Standards Update No. 2011-12, “Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05,” which deferred the requirement to present on the face of the financial statements items that are reclassified from other comprehensive income to net income. In February 2013, the Financial Accounting Standards Board issued Accounting Standard Update No. 2013-02,” which finalized the reporting requirements of reclassifications out of accumulated other comprehensive income. The Company adopted this guidance beginning in the first quarter of fiscal year 2014 when it was required. The adoption of this update did not have a material effect on the Company’s condensed consolidated results of operations, financial position or cash flows.
Disclosures about Offsetting Assets and Liabilities	'
	In December 2011, the Financial Accounting Standards Board issued Accounting Standards Update No. 2011-11, “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities,” which requires disclosure of both gross information and net information about both instruments and transactions eligible for offset in the statement of financial position and instruments and transactions subject to agreements similar to a master netting arrangements. In January 2013, the Financial Accounting Standards Board issued Accounting Standards Update No. 2013-01, “Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities,” which clarified the scope of Accounting Standards Update No. 2011-11. The Company adopted this guidance beginning in the first quarter of fiscal year 2014 when it was required. The adoption of this update did not have a material effect on the Company’s condensed consolidated results of operations, financial position or cash flows.

Pension_SERP_and_Postretiremen1

Pension, SERP and Postretirement Benefits (Tables)	9 Months Ended
	Nov. 02, 2013
Compensation And Retirement Disclosure [Abstract]	'
Schedule of Net Periodic Benefit Expense	'
	The components of net periodic benefit expense for these plans are as follows:
		Three Months Ended
		Pension Plan						Old SERP Plan				Postretirement Plan
		November 2,			October 27,			November 2,		October 27,		November 2,		October 27,
		2013			2012			2013		2012		2013		2012
								(in thousands)
	Service cost	$	—		$	—		$	41	$	38	$	30	$	29
	Interest cost		5,691			5,854			129		140		228		266
	Expected return on plan assets		(7,138	)		(7,240	)		—		—		—		—
	Amortization of transition obligation		—			—			—		—		—		49
	Amortization of net loss		3,123			2,842			132		119		31		107
	Net periodic benefit expense	$	1,676		$	1,456		$	302	$	297	$	289	$	451
		Nine Months Ended
		Pension Plan						Old SERP Plan				Postretirement Plan
		November 2,			October 27,			November 2,		October 27,		November 2,		October 27,
		2013			2012			2013		2012		2013		2012
								(in thousands)
	Service cost	$	—		$	—		$	123	$	114	$	90	$	87
	Interest cost		17,073			17,562			387		420		684		798
	Expected return on plan assets		(21,414	)		(21,720	)		—		—		—		—
	Amortization of transition obligation		—			—			—		—		—		147
	Amortization of net loss		9,369			8,526			396		357		93		321
	Net periodic benefit expense	$	5,028		$	4,368		$	906	$	891	$	867	$	1,353

Earnings_per_Share_Tables

Earnings per Share (Tables)	9 Months Ended
	Nov. 02, 2013
Earnings Per Share [Abstract]	'
Reconciliation of Basic and Diluted Shares	'
	The reconciliation of basic and diluted shares for the three and nine months ended November 2, 2013 and October 27, 2012, are as follows:
		Three Months Ended				Nine Months Ended
		November 2,		October 27,		November 2,		October 27,
		2013		2012		2013		2012
	Basic Shares		40,990,916		42,717,880		41,724,596		43,692,854
	Dilutive contingently-issuable non-vested share awards		204,461		146,139		271,770		192,941
	Dilutive contingently-issuable vested share awards		331		1,721		331		3,951
	Diluted Shares		41,195,708		42,865,740		41,996,697		43,889,746

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Nov. 02, 2013	Nov. 02, 2013	Feb. 02, 2013
Equity [Abstract]	'	'	'
Accumulated other comprehensive loss for defined benefit plans	$160.80	$160.80	$167
Net of income taxes	96.8	96.8	100.5
Amount reclassified from accumulated comprehensive income	2.1	6.2	'
Amount reclassified from accumulated comprehensive income, tax effect	$1.20	$3.70	'

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Nov. 02, 2013	Nov. 02, 2013	Feb. 02, 2013
Fair Value Disclosures [Abstract]	'	'	'
Life Insurance Corporate or Bank Owned Fair Value Amount	$37	$37	$24.50
Loans secured by company-owned life insurance	144.4	144.4	147.4
Company-owned life insurance Gross	181.4	181.4	171.9
Available option period	'	'20 years	'
Impairment charges related to retail location	1.5	2.4	'
Fair value of fixed rate long-term debt	394.6	394.6	397.9
Carrying value of long-term debt	$375	$375	$375

Asset_Impairment_and_Exit_Cost1

Asset Impairment and Exit Costs - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
		Store	Store	Store
Restructuring And Related Activities [Abstract]	'	'	'	'
Asset impairment charges	$1.50	'	$2.40	'
Real estate holding costs	0.3	'	0.9	'
Severance costs	'	'	0.2	'
Number of stores closed	'	'	4	2
Rent adjustment amount due to space reduction	'	0.7	'	'
Number of stores adjusted for space reduction	'	2	'	'
Exit costs charges associated with closing of store	'	'	'	$0.20

Gain_on_Property_and_Equipment1

Gain on Property and Equipment - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Oct. 27, 2012	Oct. 27, 2012
Gain on Property and Equipment (Textual) [Abstract]	'	'
Gains on sale of property	$0.40	'
Gain on Insurance proceeds	'	$1

Borrowings_Additional_Informat

Borrowings - Additional Information (Detail) (USD $)	1 Months Ended
In Millions, unless otherwise specified	Jul. 12, 2012
5.05% Fixed Rate Senior Note [Member]	'
Debt Instrument [Line Items]	'
Payment of senior note on maturity	$20
Interest rate on senior note	5.05%
5.2% Floating Rate Senior Note [Member]	'
Debt Instrument [Line Items]	'
Payment of senior note on maturity	$80
Interest rate on senior note	5.20%

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Income Taxes Disclosure [Line Items]	'	'	'	'
Income tax expense	$742,000	$4,421,000	$33,357,000	$41,961,000
Income tax expense, percentage	17.20%	28.40%	34.90%	34.70%
Decrease in income before income taxes	11,300,000	'	25,100,000	'
Reduction in uncertain tax reserves resulting from expiration of statutes of limitations	600,000	'	'	'
Uncertain tax position effect on Income tax expense benefit	'	'	'	0
Total reserve of uncertain tax positions	17,200,000	16,900,000	17,200,000	16,900,000
Internal Revenue Service (IRS) [Member]	'	'	'	'
Income Taxes Disclosure [Line Items]	'	'	'	'
Reserve for uncertain tax positions	'	'	'	$6,500,000

Pension_SERP_and_Postretiremen2

Pension, SERP and Postretirement Benefits - Schedule of Net Periodic Benefit Expense (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Pension Plan [Member]	'	'	'	'
Pension Plans, Postretirement and Other Employee Benefits [Line Items]	'	'	'	'
Service cost	'	'	'	'
Interest cost	5,691	5,854	17,073	17,562
Expected return on plan assets	-7,138	-7,240	-21,414	-21,720
Amortization of transition obligation	'	'	'	'
Amortization of net loss	3,123	2,842	9,369	8,526
Net periodic benefit expense	1,676	1,456	5,028	4,368
Old SERP Plan [Member]	'	'	'	'
Pension Plans, Postretirement and Other Employee Benefits [Line Items]	'	'	'	'
Service cost	41	38	123	114
Interest cost	129	140	387	420
Expected return on plan assets	'	'	'	'
Amortization of transition obligation	'	'	'	'
Amortization of net loss	132	119	396	357
Net periodic benefit expense	302	297	906	891
Postretirement Plan [Member]	'	'	'	'
Pension Plans, Postretirement and Other Employee Benefits [Line Items]	'	'	'	'
Service cost	30	29	90	87
Interest cost	228	266	684	798
Expected return on plan assets	'	'	'	'
Amortization of transition obligation	'	49	'	147
Amortization of net loss	31	107	93	321
Net periodic benefit expense	$289	$451	$867	$1,353

Pension_SERP_and_Postretiremen3

Pension, SERP and Postretirement Benefits - Additional Information (Detail) (Pension Plan [Member], USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Pension Plan [Member]	'	'	'
Pension Plans, Postretirement and Other Employee Benefits [Line Items]	'	'	'
Employer contribution to Pension Plan	$9	$25	$18

Earnings_per_Share_Reconciliat

Earnings per Share - Reconciliation of Basic and Diluted Shares (Detail)	3 Months Ended		9 Months Ended
	Nov. 02, 2013	Oct. 27, 2012	Nov. 02, 2013	Oct. 27, 2012
Earnings Per Share [Abstract]	'	'	'	'
Basic Shares	40,990,916	42,717,880	41,724,596	43,692,854
Dilutive contingently-issuable non-vested share awards	204,461	146,139	271,770	192,941
Dilutive contingently-issuable vested share awards	331	1,721	331	3,951
Diluted Shares	41,195,708	42,865,740	41,996,697	43,889,746

Repurchase_of_Common_Stock_Add

Repurchase of Common Stock - Additional Information (Detail) (USD $)	1 Months Ended
In Millions, except Share data, unless otherwise specified	22-May-13	Mar. 27, 2013
Purchase cost	101.9	'
Additional shares of Class A common stock	241,669	'
Class A Common Stock [Member]	'	'
Self tender offer to repurchase, maximum	'	1,500,000
Purchase of common shares	1,741,669	'
Percentage of additional shares of Class A stock	2.00%	'
Class B Common Stock [Member]	'	'
Self tender offer to repurchase, maximum	'	500,000
Purchase of common shares	296,560	'
Common Stock [Member]	'	'
Price per share of shares purchased under self-tender offer	'	50