Income Taxes (Tables)
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12 Months Ended |
Jan. 30, 2016 |
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| Income Tax Disclosure [Abstract] |
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| Schedule of Components of Income Tax Expense (Benefit) |
The provision for income taxes consists of the following: | | | | | | | | | | | | | | 2015 | | 2014 | | 2013 | Current: | (in thousands) | U.S. federal | $ | 72,222 |
| | $ | 29,884 |
| | $ | 64,071 |
| U.S. state and local | 12,425 |
| | 6,491 |
| | 12,815 |
| Foreign | 224 |
| | 565 |
| | 548 |
| Total | 84,871 |
| | 36,940 |
| | 77,434 |
| Deferred: | | | | | | U.S. federal | (8,715 | ) | | 6,884 |
| | 757 |
| U.S. state and local | (1,983 | ) | | (558 | ) | | (1,541 | ) | Foreign | (2 | ) | | (35 | ) | | (23 | ) | Total | (10,700 | ) | | 6,291 |
| | (807 | ) | Provision for income taxes | $ | 74,171 |
| | $ | 43,231 |
| | $ | 76,627 |
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| Schedule of Effective Income Tax Rate Reconciliation |
The following table provides a reconciliation between the statutory federal income tax rate and the effective tax rate: | | | | | | | | | | | 2015 | | 2014 | | 2013 | Federal income tax rate | 35.0 | % | | 35.0 | % | | 35.0 | % | State income taxes, net of federal income tax effect | 3.6 | % | | 4.1 | % | | 3.8 | % | Other items, net | 0.3 | % | | (0.3 | )% | | 0.9 | % | Effective tax rate | 38.9 | % | | 38.8 | % | | 39.7 | % |
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| Schedule of Deferred Tax Assets and Liabilities |
Deferred tax assets and liabilities represent the future effects on income taxes resulting from temporary differences and carry-forwards at the end of the respective periods. | | | | | | | | | | January 30, 2016 | | January 31, 2015 | | (in thousands) | Deferred tax assets: | | | | Accrued expenses and deferred compensation | $ | 40,540 |
| | $ | 30,667 |
| Rent | 28,551 |
| | 25,605 |
| Lease financing obligations | 28,492 |
| | 29,072 |
| Inventory | 1,778 |
| | — |
| Other | 1,774 |
| | 2,104 |
| Tax credits/carryforwards | 214 |
| | — |
| Valuation allowance | (2,081 | ) | | (1,668 | ) | Total deferred tax assets | 99,268 |
| | 85,780 |
| | | | | Deferred tax liabilities: | | | | Inventory | — |
| | 5,915 |
| Prepaid expenses | 4,177 |
| | 3,762 |
| Intangible assets | 17,996 |
| | 13,844 |
| Property and equipment | 55,868 |
| | 51,732 |
| Total deferred tax liabilities | 78,041 |
| | 75,253 |
| Net deferred tax asset | $ | 21,227 |
| | $ | 10,527 |
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| Deferred Tax Assets, Net Classification |
The following table summarizes net deferred tax assets: | | | | | | | | | | January 30, 2016 | | January 31, 2015 | | (in thousands) | Current deferred tax liability | $ | — |
| | $ | (1,844 | ) | Non-current deferred tax asset | 21,227 |
| | 12,371 |
| Net deferred tax assets | $ | 21,227 |
| | $ | 10,527 |
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| Unrecognized Tax Benefits Rollforward |
A reconciliation of the beginning to ending unrecognized tax benefits is as follows: | | | | | | | | | | | | | | January 30, 2016 | | January 31, 2015 | | February 1, 2014 | | (in thousands) | Unrecognized tax benefits, beginning of year | $ | 1,651 |
| | $ | 4,091 |
| | $ | 2,313 |
| Gross addition for tax positions of the current year | 767 |
| | 346 |
| | 1,469 |
| Gross addition for tax positions of the prior year | 7,174 |
| | 129 |
| | 309 |
| Settlements | (57 | ) | | (2,137 | ) | | — |
| Reduction for tax positions of prior years | (29 | ) | | (628 | ) | | — |
| Lapse of statute of limitations | — |
| | (150 | ) | | — |
| Unrecognized tax benefits, end of year | $ | 9,506 |
| | $ | 1,651 |
| | $ | 4,091 |
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