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Income Taxes (Tables)

12 Months Ended

Feb. 03, 2019

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 2018 (53 Weeks)				Fiscal 2017 (52 Weeks)				Fiscal 2016 (52 Weeks)
United States		$	333,594			$	379,000			$	425,517
Foreign			95,653				73,439				46,394
Total earnings before income taxes		$	429,247			$	452,439			$	471,911

Schedule of Components of Provision for Income Taxes

The provision for income taxes consists of the following:

In thousands		Fiscal 2018 (53 Weeks)				Fiscal 2017 (52 Weeks)				Fiscal 2016 (52 Weeks)
Current
Federal		$	43,745			$	97,202			$	125,760
State			15,357				19,552				26,197
Foreign			12,822				12,759				7,453
Total current			71,924				129,513				159,410
Deferred
Federal			23,507				62,893				8,307
State			1,562				460				(807	)
Foreign			(1,430	)			28				(386	)
Total deferred			23,639				63,381				7,114
Total provision		$	95,563			$	192,894			$	166,524

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 2018 (53 Weeks)				Fiscal 2017 (52 Weeks)				Fiscal 2016 (52 Weeks)
Federal income taxes at the statutory rate			21.0	%			33.9	%			35.0	%
Re-measurement of deferred tax assets and liabilities			(2.2	%)			6.7	%			—
Transition tax			(0.6	%)			2.9	%			—
State income tax rate			3.8	%			2.5	%			3.5	%
Change in uncertain tax positions			4.1	%			(1.6	%)			2.8	%
Rate differential			(2.3	%)			(2.9	%)			(5.7	%)
Research and development credits			(2.1	%)			—				—
Other			0.6	%			1.1	%			(0.3	%)
Effective tax rate			22.3	%			42.6	%			35.3	%

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		Feb. 3, 2019				Jan. 28, 2018
Deferred rent		$	18,942			$	18,387
Merchandise inventories			18,703				23,314
Customer deposits			14,345				23,601
Stock-based compensation			14,281				9,024
Accrued liabilities			13,470				13,626
Compensation			11,251				14,127
State taxes			7,435				5,099
Executive deferred compensation			5,739				5,886
Federal and state net operating loss			4,223				6,026
Depreciation			(31,557	)			(17,361	)
Deferred lease incentives			(26,032	)			(24,854	)
Other			(4,797	)			(3,116	)
Valuation allowance			(3,542	)			(1,067	)
Prepaid catalog expenses			(936	)			(5,386	)
Total deferred income tax assets, net		$	41,525			$	67,306

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 2018				Fiscal 2017				Fiscal 2016
Balance at beginning of year		$	18,051			$	25,864			$	13,290
Increases related to current year’s tax positions			4,694				3,345				11,772
Increases related to prior years’ tax positions			14,905				808				3,456
Decreases related to prior years’ tax positions			(1,279	)			(10,610	)			(818	)
Lapses in statute of limitations			(786	)			(1,356	)			(1,122	)
Settlements			(376	)			—				(714	)
Balance at end of year		$	35,209			$	18,051			$	25,864

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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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