Income Taxes (Tables)
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12 Months Ended |
Jan. 28, 2017 |
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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: | | | | | | | | | | | | | | 2016 |
| 2015 |
| 2014 | Current: | (in thousands) | U.S. federal | $ | 7,600 |
| | $ | 72,222 |
| | $ | 29,884 |
| U.S. state and local | 4,721 |
| | 12,425 |
| | 6,491 |
| Foreign | 814 |
| | 224 |
| | 565 |
| Total | 13,135 |
| | 84,871 |
| | 36,940 |
| Deferred: | | | | | | U.S. federal | 19,333 |
| | (8,715 | ) | | 6,884 |
| U.S. state and local | 866 |
| | (1,983 | ) | | (558 | ) | Foreign | (134 | ) | | (2 | ) | | (35 | ) | Total | 20,065 |
| | (10,700 | ) | | 6,291 |
| Provision for income taxes | $ | 33,200 |
| | $ | 74,171 |
| | $ | 43,231 |
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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: | | | | | | | | | | | 2016 | | 2015 | | 2014 | Federal income tax rate | 35.0 | % | | 35.0 | % | | 35.0 | % | State income taxes, net of federal income tax effect | 4.4 | % | | 3.6 | % | | 4.1 | % | Share-based compensation | 4.0 | % | | 0.2 | % | | 0.8 | % | (Benefit)/Expense for uncertain tax positions | (7.0 | )% | | 0.5 | % | | (1.4 | )% | Other items, net | 0.2 | % | | (0.4 | )% | | 0.3 | % | Effective tax rate | 36.6 | % | | 38.9 | % | | 38.8 | % |
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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 28, 2017 | | January 30, 2016 | | (in thousands) | Deferred tax assets: | | | | Accrued expenses and deferred compensation | $ | 28,340 |
| | $ | 40,540 |
| Rent | 31,170 |
| | 28,551 |
| Lease financing obligations | 31,522 |
| | 28,492 |
| Inventory | 3,005 |
| | 1,778 |
| Other | 3,535 |
| | 2,573 |
| Tax credits/carryforwards | 562 |
| | 214 |
| Valuation allowance | (3,243 | ) | | (2,081 | ) | Total deferred tax assets | 94,891 |
| | 100,067 |
| | | | | Deferred tax liabilities: | | | | Prepaid expenses | 5,189 |
| | 4,976 |
| Intangible assets | 22,417 |
| | 17,996 |
| Property and equipment | 66,124 |
| | 55,868 |
| Total deferred tax liabilities | 93,730 |
| | 78,840 |
| Net deferred tax asset | $ | 1,161 |
| | $ | 21,227 |
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| Deferred Tax Assets, Net Classification |
The following table summarizes the presentation of the Company’s net deferred tax assets in the Consolidated Balance Sheets: | | | | | | | | | | January 28, 2017 | | January 30, 2016 | | (in thousands) | Deferred tax assets | $ | 7,926 |
| | $ | 21,227 |
| Other long-term liabilities | (6,765 | ) | | — |
| Net deferred tax assets | $ | 1,161 |
| | $ | 21,227 |
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| Unrecognized Tax Benefits Rollforward |
A reconciliation of the beginning to ending unrecognized tax benefits is as follows: | | | | | | | | | | | | | | January 28, 2017 | | January 30, 2016 | | January 31, 2015 | | (in thousands) | Unrecognized tax benefits, beginning of year | $ | 9,506 |
| | $ | 1,651 |
| | $ | 4,091 |
| Gross addition for tax positions of the current year | 296 |
| | 767 |
| | 346 |
| Gross addition for tax positions of the prior year | 527 |
| | 7,174 |
| | 129 |
| Settlements | — |
| | (57 | ) | | (2,137 | ) | Reduction for tax positions of prior years | (23 | ) | | (29 | ) | | (628 | ) | Lapse of statute of limitations | (7,202 | ) | | — |
| | (150 | ) | Unrecognized tax benefits, end of year | $ | 3,104 |
| | $ | 9,506 |
| | $ | 1,651 |
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