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Income Taxes (Tables) | 12 Months Ended
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Feb. 02, 2014
Schedule of Components of Earnings Before Income Taxes, By Tax Jurisdiction | The components of earnings before income taxes, by tax jurisdiction, are as follows:
|  | Fiscal Year Ended |
Dollars in thousands |  | Feb. 2, 2014 (52 Weeks) |  |  | Feb. 3, 2013 (53 Weeks) |  |  | Jan. 29, 2012 (52 Weeks) |
United States |  | $ | 448,764 |  |  | $ | 401,542 |  |  | $ | 367,620 |
Foreign |  |  | 3,918 |  |  |  | 8,414 |  |  |  | 14,210 |
Total earnings before income taxes |  | $ | 452,682 |  |  | $ | 409,956 |  |  | $ | 381,830 |
Schedule of Components of Provision for Income Taxes |
The provision for income taxes consists of the following: |
|  | Fiscal Year Ended |
Dollars in thousands |  | Feb. 2, 2014 (52 Weeks) |  |  | Feb. 3, 2013 (53 Weeks) |  |  | Jan. 29, 2012 (52 Weeks) |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 173,686 |  |  | $ | 136,742 |  |  | $ | 104,370 |
State |  |  | 25,748 |  |  |  | 22,072 |  |  |  | 22,275 |
Foreign |  |  | 2,690 |  |  |  | 3,441 |  |  |  | 4,044 |
Total current |  |  | 202,124 |  |  |  | 162,255 |  |  |  | 130,689 |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (26,324 | ) |  |  | (7,827 | ) |  |  | 15,650 |
State |  |  | (1,277 | ) |  |  | (1,202 | ) |  |  | (1,427 | )
Foreign |  |  | (743 | ) |  |  | (0 | ) |  |  | (13 | )
Total deferred |  |  | (28,344 | ) |  |  | (9,029 | ) |  |  | 14,210 |
Total provision |  | $ | 173,780 |  |  | $ | 153,226 |  |  | $ | 144,899 |
Schedule of Reconciliation of Income Taxes at Federal Statutory Corporate Rate to Effective Rate | A reconciliation of income taxes at the federal statutory corporate rate to the effective rate is as follows:
|  | Fiscal Year Ended |
|  | Feb. 2, 2014 (52 Weeks) |  |  | Feb. 3, 2013 (53 Weeks) |  |  | Jan. 29, 2012 (52 Weeks) |
Federal income taxes at the statutory rate |  |  | 35.0% |  |  |  | 35.0% |  |  |  | 35.0% |
State income tax rate |  |  | 3.7% |  |  |  | 3.3% |  |  |  | 3.5% |
Other |  |  | (0.3% | ) |  |  | (0.9% | ) |  |  | (0.6% | )
Effective tax rate |  |  | 38.4% |  |  |  | 37.4% |  |  |  | 37.9% |
Schedule of Components of Deferred Tax Accounts | Significant components of our deferred tax accounts are as follows:
Dollars in thousands |  |  |  | Feb. 2, 2014 |  |  | Feb. 3, 2013 |
Current: |  |  |  |  |  |  |  |  |  |
Compensation |  |  |  | $ | 14,378 |  |  | $ | 9,255 |
Merchandise inventories |  |  |  |  | 27,337 |  |  |  | 23,413 |
Accrued liabilities |  |  |  |  | 26,461 |  |  |  | 19,462 |
Customer deposits |  |  |  |  | 58,479 |  |  |  | 55,321 |
Prepaid catalog expenses |  |  |  |  | (12,576 | ) |  |  | (13,971 | )
Other |  |  |  |  | 7,407 |  |  |  | 6,284 |
Total current |  |  |  |  | 121,486 |  |  |  | 99,764 |
Non-current: |  |  |  |  |  |  |  |  |  |
Depreciation |  |  |  |  | (4,216 | ) |  |  | (11,142 | )
Deferred rent |  |  |  |  | 17,500 |  |  |  | 16,205 |
Deferred lease incentives |  |  |  |  | (33,065 | ) |  |  | (29,931 | )
Stock-based compensation |  |  |  |  | 28,948 |  |  |  | 23,245 |
Executive deferral plan |  |  |  |  | 5,699 |  |  |  | 4,562 |
Uncertainties |  |  |  |  | 4,378 |  |  |  | 3,907 |
Other |  |  |  |  | (5,420 | ) |  |  | 5,552 |
Total non-current |  |  |  |  | 13,824 |  |  |  | 12,398 |
Total deferred tax assets, net |  |  |  | $ | 135,310 |  |  | $ | 112,162 |
Summary of Activity Related to Gross Unrecognized Tax Benefits | The following table summarizes the activity related to our gross unrecognized tax benefits:
Dollars in thousands |  | Fiscal 2013 (52 Weeks) |  |  | Fiscal 2012 (53 Weeks) |  |  | Fiscal 2011 (52 Weeks) |
Balance at beginning of year |  | $ | 8,990 |  |  | $ | 10,023 |  |  | $ | 11,619 |
Increases related to current year tax positions |  |  | 3,351 |  |  |  | 2,188 |  |  |  | 1,329 |
Increases related to prior years’ tax positions |  |  | 328 |  |  |  | 936 |  |  |  | 379 |
Decreases related to prior years’ tax positions |  |  | (42 | ) |  |  | (171 | ) |  |  | (370 | )
Settlements |  |  | (170 | ) |  |  | (1,069 | ) |  |  | (2,070 | )
Lapses in statute of limitations |  |  | (1,692 | ) |  |  | (2,917 | ) |  |  | (864 | )
Balance at end of year |  | $ | 10,765 |  |  | $ | 8,990 |  |  | $ | 10,023 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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