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Income Taxes (Tables)

12 Months Ended

Jan. 28, 2018

Schedule of Components of Earnings Before Income Taxes, By Tax Jurisdiction

The components of earnings before income taxes, by tax jurisdiction, are as follows:

In thousands		Fiscal 2017				Fiscal 2016				Fiscal 2015
United States			$    379,000				$    425,517				$    462,701
Foreign			73,439				46,394				25,306
Total earnings before income taxes			$    452,439				$    471,911				$    488,007

Schedule of Components of Provision for Income Taxes

The provision for income taxes consists of the following:

In thousands		Fiscal 2017				Fiscal 2016				Fiscal 2015
Current
Federal			$      97,202				$    125,760				$    156,812
State			19,552				26,197				22,969
Foreign			12,759				7,453				5,594
Total current			129,513				159,410				185,375
Deferred
Federal			62,893				8,307				(6,093	)
State			460				(807	)			1,258
Foreign			28				(386	)			(2,601	)
Total deferred			63,381				7,114				(7,436	)
Total provision			$    192,894				$    166,524				$    177,939

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 2017				Fiscal 2016				Fiscal 2015
Federal income taxes at the statutory rate			33.9%				35.0%				35.0%
Re-measurement of deferred tax assets and liabilities			6.7%				—				—
Transition tax			2.9%				—				—
State income tax rate			2.5%				3.5%				3.2%
Change in uncertain tax positions			(1.6%	)			2.8%				(0.1%	)
Rate differential			(2.9%	)			(5.7%	)			(1.8%	)
Other			1.1%				(0.3%	)			0.2%
Effective tax rate			42.6%				35.3%				36.5%

Schedule of Components of Deferred Income Tax Accounts

Significant components of our deferred income tax accounts are as follows:

Deferred tax assets (liabilities), in thousands		Jan. 28, 2018				Jan. 29, 2017
Customer deposits			$         23,601				$         64,776
Merchandise inventories			23,314				32,003
Deferred rent			18,387				24,182
Compensation			14,127				16,781
Accrued liabilities			13,626				23,994
Stock-based compensation			9,024				17,437
Federal and state net operating loss			6,026				2,797
Executive deferred compensation			5,886				7,060
State taxes			5,099				7,107
Deferred lease incentives			(24,854	)			(36,715	)
Depreciation			(17,361	)			(22,477	)
Prepaid catalog expenses			(5,386	)			(8,726	)
Other			(3,116	)			8,014
Valuation allowance			(1,067	)			(995	)
Total deferred income tax assets, net			$       67,306				$       135,238

Summary of Activity Related to Gross Unrecognized Tax Benefits

The following table summarizes the activity related to our gross unrecognized tax benefits:

In thousands		Fiscal 2017				Fiscal 2016				Fiscal 2015
Balance at beginning of year			$      25,864				$      13,290				$      14,359
Increases related to current year’s tax positions			3,345				11,772				2,765
Increases related to prior years’ tax positions			808				3,456				101
Decreases related to prior years’ tax positions			(10,610	)			(818	)			(341	)
Settlements			—				(714	)			(2,912	)
Lapses in statute of limitations			(1,356	)			(1,122	)			(682	)
Balance at end of year			$      18,051				$      25,864				$      13,290

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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.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure for 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 and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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