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Income Taxes (Tables) | 12 Months Ended
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Feb. 01, 2020
Income Tax Disclosure [Abstract] |
Earnings Before Income Taxes | Income before income taxes was as follows for Fiscal 2019, Fiscal 2018 and Fiscal 2017:
|  | (in thousands) |
|  | Year Ended |
|  | February 1, 2020 |  |  | February 2, 2019 |  |  | February 3, 2018 (53 Weeks) |
Domestic |  | $ | 573,399 |  |  | $ | 503,290 |  |  | $ | 429,939 |
Foreign |  |  | 7,126 |  |  |  | 4,294 |  |  |  | (959 | )
Total income before income taxes |  | $ | 580,525 |  |  | $ | 507,584 |  |  | $ | 428,980 |
Income Tax Expense | Income tax expense was as follows for Fiscal 2019, Fiscal 2018 and Fiscal 2017:
|  | (in thousands) |
|  | Year Ended |
|  | February 1, 2020 |  |  | February 2, 2019 |  |  | February 3, 2018 (53 Weeks) |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 83,521 |  |  | $ | 69,007 |  |  | $ | 65,824 |
State |  |  | 20,778 |  |  |  | 19,642 |  |  |  | 8,824 |
Foreign |  |  | 2,040 |  |  |  | 1,671 |  |  |  | 207 |
Subtotal |  |  | 106,339 |  |  |  | 90,320 |  |  |  | 74,855 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 8,375 |  |  |  | 8,337 |  |  |  | (40,839 | )
State |  |  | 1,012 |  |  |  | (8,409 | ) |  |  | 9,091 |
Foreign |  |  | (317 | ) |  |  | 2,591 |  |  |  | 1,021 |
Subtotal |  |  | 9,070 |  |  |  | 2,519 |  |  |  | (30,727 | )
Total Income Tax Expense |  | $ | 115,409 |  |  | $ | 92,839 |  |  | $ | 44,128 |
Tax Rate Reconciliations | The tax rate reconciliations were as follows for Fiscal 2019, Fiscal 2018 and Fiscal 2017:
|  | Fiscal Year Ended |
|  | February 1, 2020 |  |  | February 2, 2019 |  |  | February 3, 2018 (53 Weeks) |
Tax at statutory rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 33.7 | %
State income taxes, net of federal |  |  | 4.0 |  |  |  | 4.2 |  |  |  | 3.0 |
Excess tax benefit from stock compensation |  |  | (5.3 | ) |  |  | (5.2 | ) |  |  | (4.4 | )
Tax credits |  |  | (1.0 | ) |  |  | (1.2 | ) |  |  | (1.4 | )
Impact of federal tax reform |  |  | — |  |  |  | — |  |  |  | (21.1 | )
Other |  |  | 1.2 |  |  |  | (0.5 | ) |  |  | 0.5 |
Effective tax rate |  |  | 19.9 | % |  |  | 18.3 | % |  |  | 10.3 | %
Tax Effects of Temporary Differences Included in Deferred Tax Accounts | The tax effects of temporary differences are included in deferred tax accounts as follows:
|  | (in thousands) |
|  | February 1, 2020 |  |  | February 2, 2019 |
|  | Tax Assets |  |  | Tax Liabilities |  |  | Tax Assets |  |  | Tax Liabilities |
Non-current deferred tax assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment basis adjustments |  | $ | — |  |  | $ | 171,949 |  |  | $ | — |  |  | $ | 149,705 |
Operating lease liability |  |  | 682,104 |  |  |  | — |  |  |  | — |  |  |  | — |
Operating lease asset |  |  | — |  |  |  | 645,240 |  |  |  | — |  |  |  | — |
Deferred rent |  |  | — |  |  |  | — |  |  |  | 19,496 |  |  |  | — |
Intangibles—long-lived |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 40,918 |
Intangibles—indefinite-lived |  |  | — |  |  |  | 64,842 |  |  |  | — |  |  |  | 65,197 |
Employee benefit compensation |  |  | 14,933 |  |  |  | — |  |  |  | 15,186 |  |  |  | — |
State net operating losses (net of federal benefit) |  |  | 9,346 |  |  |  | — |  |  |  | 12,290 |  |  |  | — |
Landlord allowances |  |  | — |  |  |  | — |  |  |  | 35,907 |  |  |  | — |
Tax credits |  |  | 8,154 |  |  |  | — |  |  |  | 6,140 |  |  |  | — |
Other |  |  | — |  |  |  | 274 |  |  |  | 2,651 |  |  |  | — |
Valuation allowance |  |  | (9,842 | ) |  |  | — |  |  |  | (10,268 | ) |  |  | — |
Total non-current deferred tax assets and liabilities |  | $ | 704,695 |  |  | $ | 882,305 |  |  | $ | 81,402 |  |  | $ | 255,820 |
Net deferred tax liability |  |  |  |  |  | $ | 177,610 |  |  |  |  |  |  | $ | 174,418 |
Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of gross unrecognized tax benefits (exclusive of interest and penalties) is as follows:
|  | (in thousands) |
|  | Gross Unrecognized Tax Benefits, Exclusive of Interest and Penalties |
Balance at January 28, 2017 |  | $ | 9,193 |
Additions for tax positions of the current year |  |  | 72 |
Additions for tax positions of prior years |  |  | 882 |
Reduction for tax positions of prior years |  |  | (973 | )
Settlements |  |  | — |
Lapse of statute of limitations |  |  | (101 | )
Balance at February 3, 2018 |  | $ | 9,073 |
Additions for tax positions of the current year |  |  | 18 |
Additions for tax positions of prior years |  |  | 698 |
Reduction for tax positions of prior years |  |  | (782 | )
Settlements |  |  | — |
Lapse of statute of limitations |  |  | (80 | )
Balance at February 2, 2019 |  | $ | 8,927 |
Additions for tax positions of the current year |  |  | — |
Additions for tax positions of prior years |  |  | — |
Reduction for tax positions of prior years |  |  | (783 | )
Settlements |  |  | — |
Lapse of statute of limitations |  |  | (67 | )
Balance at February 1, 2020 |  | $ | 8,077 |

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