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v3.20.1

Income Taxes (Tables) | 12 Months Ended
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Feb. 02, 2020
Schedule of Components of Earnings Before Income Taxes, By Tax Jurisdiction | The components of earnings before income taxes, by tax jurisdiction, are as follows:
Dollars in thousands |  | Fiscal 2019 |  |  | Fiscal 2018 |  |  | Fiscal 2017 |
United States |  | $ | 353,215 |  |  | $ | 333,594 |  |  | $ | 379,000 |
Foreign |  |  | 103,806 |  |  |  | 95,653 |  |  |  | 73,439 |
Total |  | $ | 457,021 |  |  | $ | 429,247 |  |  | $ | 452,439 |
Schedule of Components of Provision for Income Taxes | The provision for income taxes consists of the following:
Dollars in thousands |  | Fiscal 2019 |  |  | Fiscal 2018 |  |  | Fiscal 2017 |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 76,873 |  |  | $ | 43,745 |  |  | $ | 97,202 |
State |  |  | 14,205 |  |  |  | 15,357 |  |  |  | 19,552 |
Foreign |  |  | 12,438 |  |  |  | 12,822 |  |  |  | 12,759 |
Total Current |  | $ | 103,516 |  |  | $ | 71,924 |  |  | $ | 129,513 |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (606 | ) |  | $ | 23,507 |  |  | $ | 62,893 |
State |  |  | (870 | ) |  |  | 1,562 |  |  |  | 460 |
Foreign |  |  | (1,081 | ) |  |  | (1,430 | ) |  |  | 28 |
Total Deferred |  | $ | (2,557 | ) |  | $ | 23,639 |  |  | $ | 63,381 |
Total provision |  | $ | 100,959 |  |  | $ | 95,563 |  |  | $ | 192,894 |
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 2019 |  |  | Fiscal 2018 |  |  | Fiscal 2017 |
Federal income taxes at the statutory rate |  |  | 21.0% |  |  |  | 21.0% |  |  |  | 33.9% |
Re-measurement of deferred tax assets and liabilities |  |  | — |  |  |  | (2.2% | ) |  |  | 6.7% |
Transition tax |  |  | — |  |  |  | (0.6% | ) |  |  | 2.9% |
State income tax rate |  |  | 2.9% |  |  |  | 3.8% |  |  |  | 2.5% |
Officer’s compensation under Sec.162(m) |  |  | 1.0% |  |  |  | — |  |  |  | — |
Deferred true up |  |  | (1.3% | ) |  |  | — |  |  |  | — |
Change in uncertain tax positions |  |  | 0.5% |  |  |  | 4.1% |  |  |  | (1.6% | )
Rate differential |  |  | (1.8% | ) |  |  | (2.3% | ) |  |  | (2.9% | )
Research and development credits |  |  | (0.7% | ) |  |  | (2.1% | ) |  |  | — |
Other |  |  | 0.5% |  |  |  | 0.6% |  |  |  | 1.1% |
Total |  |  | 22.1% |  |  |  | 22.3% |  |  |  | 42.6% |
Schedule of Components of Deferred Income Tax Accounts | Significant components of our deferred income tax accounts are as follows:
Deferred tax asset (liabilities), Dollars in thousands |  | Fiscal 2019 |  |  | Fiscal 2018 |
Operating lease liabilities |  | $ | 347,693 |  |  | $ | — |
Merchandise inventories |  |  | 22,311 |  |  |  | 18,703 |
Customer deposits |  |  | 19,520 |  |  |  | 14,345 |
Compensation |  |  | 14,350 |  |  |  | 11,251 |
Stock-based compensation |  |  | 9,860 |  |  |  | 14,281 |
Accrued liabilities |  |  | 8,440 |  |  |  | 13,470 |
State taxes |  |  | 7,546 |  |  |  | 7,435 |
Executive deferred compensation |  |  | 7,543 |  |  |  | 5,739 |
Federal and state net operating loss |  |  | 3,443 |  |  |  | 4,223 |
Deferred rent |  |  | — |  |  |  | 18,942 |
Operating lease right-of-use assets |  |  | (309,801 | ) |  |  | — |
Deferred lease incentives |  |  | (46,701 | ) |  |  | (26,032 | )
Property and equipment |  |  | (37,309 | ) |  |  | (31,557 | )
Prepaid catalog expenses |  |  | (394 | ) |  |  | (936 | )
Other |  |  | 2,369 |  |  |  | (4,797 | )
Valuation allowance |  |  | (3,648 | ) |  |  | (3,542 | )
Total deferred tax assets, net |  | $ | 45,222 |  |  | $ | 41,525 |
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 2019 |  |  | Fiscal 2018 |  |  | Fiscal 2017 |
Beginning Balance |  | $ | 35,209 |  |  | $ | 18,051 |  |  | $ | 25,864 |
Increases related to current year tax positions |  |  | 3,438 |  |  |  | 4,694 |  |  |  | 3,345 |
Increases for tax positions for prior years |  |  | 1,405 |  |  |  | 14,905 |  |  |  | 808 |
Decrease for tax positions for prior years |  |  | (308 | ) |  |  | (1,279 | ) |  |  | (10,610 | )
Settlements |  |  | — |  |  |  | (376 | ) |  |  | — |
Lapse in statute of limitations |  |  | (3,106 | ) |  |  | (786 | ) |  |  | (1,356 | )
Ending Balance |  | $ | 36,638 |  |  | $ | 35,209 |  |  | $ | 18,051 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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