Income Taxes (Tables)
 12 Months Ended
Feb. 03, 2018
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes
The provision for income taxes consists of the following:
 
2017

2016

2015
Current:
(in thousands)
U.S. federal
$
8,415

 
$
7,600

 
$
72,222

U.S. state and local
1,166

 
4,721

 
12,425

Foreign
—

 
814

 
224

Total
9,581

 
13,135

 
84,871

Deferred:
 
 
 
 
 
U.S. federal
(1,790
)
 
19,333

 
(8,715
)
U.S. state and local
878

 
866

 
(1,983
)
Foreign
—

 
(134
)
 
(2
)
Total
(912
)
 
20,065

 
(10,700
)
Provision for income taxes
$
8,669

 
$
33,200

 
$
74,171
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:
 
2017
 
2016
 
2015
Federal income tax rate
33.7
 %
 
35.0
 %
 
35.0
 %
State income taxes, net of federal income tax effect
5.7
 %
 
4.4
 %
 
3.6
 %
(Benefit)/Expense for uncertain tax positions
(1.1
)%
 
(7.0
)%
 
0.5
 %
Share-based compensation
8.0
 %
 
4.0
 %
 
0.2
 %
Non-deductible executive compensation
7.1
 %
 
0.3
 %
 
—
 %
Excess tax over book basis on investment in Express Canada
(18.0
)%
 
—
 %
 
—
 %
Write-off of Express Canada deferred tax assets
16.2
 %
 
—
 %
 
—
 %
(Decrease)/Increase in valuation allowance
(8.6
)%
 
1.3
 %
 
—
 %
Impact of Tax Cuts and Jobs Act on deferred taxes
(10.9
)%
 
—
 %
 
—
 %
Other items, net
(1.2
)%
 
(1.4
)%
 
(0.4
)%
Effective tax rate
30.9
 %
 
36.6
 %
 
38.9
 %
Schedule of Deferred Tax Assets and Liabilities
The following table provides the effect of temporary differences that created deferred income taxes as of February 3, 2018 and January 28, 2017. 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.
 
February 3, 2018
 
January 28, 2017
 
(in thousands)
Deferred tax assets:
 
 
 
Accrued expenses and deferred compensation
$
17,774

 
$
28,340

Rent
21,110

 
31,170

Lease financing obligations
20,643

 
31,522

Inventory
1,195

 
3,005

Other
1,872

 
3,535

Tax credits/carryforwards
463

 
562

Valuation allowance
(832
)
 
(3,243
)
Total deferred tax assets
62,225

 
94,891

 
 
 
 
Deferred tax liabilities:
 
 
 
Prepaid expenses
3,340

 
5,189

Intangible assets
17,443

 
22,417

Property and equipment
39,368

 
66,124

Total deferred tax liabilities
60,151

 
93,730

Net deferred tax asset
$
2,074

 
$
1,161
Deferred Tax Assets, Net Classification
The following table summarizes the presentation of the Company’s net deferred tax assets in the Consolidated Balance Sheets:
 
February 3, 2018
 
January 28, 2017
 
(in thousands)
Deferred tax assets
$
7,025

 
$
7,926

Other long-term liabilities
(4,951
)
 
(6,765
)
Net deferred tax assets
$
2,074

 
$
1,161
Unrecognized Tax Benefits Rollforward
A reconciliation of the beginning to ending unrecognized tax benefits is as follows:
 
February 3, 2018
 
January 28, 2017
 
January 30, 2016
 
(in thousands)
Unrecognized tax benefits, beginning of year
$
3,104

 
$
9,506

 
$
1,651

Gross addition for tax positions of the current year
118

 
296

 
767

Gross addition for tax positions of the prior year
30

 
527

 
7,174

Settlements
(147
)
 
—

 
(57
)
Reduction for tax positions of prior years
(46
)
 
(23
)
 
(29
)
Lapse of statute of limitations
(661
)
 
(7,202
)
 
—

Unrecognized tax benefits, end of year
$
2,398

 
$
3,104

 
$
9,506