Income Taxes |
6 Months Ended |
|---|---|
Jul. 30, 2016 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The provision for income taxes is based on a current estimate of the annual effective tax rate adjusted to reflect the impact of discrete items. The Company's effective tax rate was 40.8% and 38.5% for the thirteen weeks ended July 30, 2016 and August 1, 2015, respectively. The Company's effective tax rate was 39.3% for the twenty-six weeks ended July 30, 2016 and August 1, 2015. Our former Chairman and Chief Executive Officer retired from his role as Chairman of the Company's Board of Directors (the "Board") on June 8, 2016. In accordance with the Amended and Restated Express, Inc. 2010 Incentive Compensation Plan (the "2010 Plan"), he has 90 days from this date to exercise certain stock options. The expiration of these options could impact the realization of certain deferred tax assets and therefore result in an increase in income tax expense of up to $4.2 million with a corresponding decrease to deferred tax assets at the end of the 90-day period. |