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Income Taxes
 3 Months Ended
May 03, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The following table summarizes the Company’s income tax expense and effective tax rates for the thirteen weeks ended May 3, 2025 and May 4, 2024 (dollars in thousands):
Thirteen Weeks Ended
May 3, 2025May 4, 2024
Income before income taxes$56,494 $41,140 
Income tax expense$15,346 $9,673 
Effective tax rate27.2 %23.5 %
The effective tax rates for the thirteen weeks ended May 3, 2025 and May 4, 2024 were based on the Company’s forecasted annualized effective tax rates and were adjusted for discrete items that occurred within the periods presented. The effective tax rate for the thirteen weeks ended May 3, 2025 was higher than the thirteen weeks ended May 4, 2024 primarily due to discrete items, which includes the impact of share-based accounting.
The Company had no material accrual for uncertain tax positions or interest and/or penalties related to income taxes on the Company’s balance sheets as of May 3, 2025, February 1, 2025 or May 4, 2024 and has not recognized any material uncertain tax positions or interest and/or penalties related to income taxes in the consolidated statements of operations for the thirteen weeks ended May 3, 2025 or May 4, 2024.
The Company files a federal income tax return as well as state tax returns. The Company’s U.S. federal income tax returns for the fiscal years ended January 29, 2022 and thereafter remain subject to examination by the U.S. Internal Revenue Service.State returns are filed in various state jurisdictions, as appropriate, with varying statutes of limitation and remain subject to examination for varying periods up to three years to four years depending on the state.