XML 78 R29.htm IDEA: XBRL DOCUMENT v3.20.1

Income Taxes (Tables)

12 Months Ended

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

X

- 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

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-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

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration