XML 54 R41.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jan. 28, 2023
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of the provision (benefit) for income taxes were as follows (dollars in thousands):
| Fiscal Year Ended |
| January 28, 2023 |  | January 29, 2022 |  | January 30, 2021 |
Current: |  |  |  |  |  |
Federal | $ | 24,917 |  |  | $ | (3,323) |  |  | $ | 42,794 |  |
Foreign | — |  |  | (4) |  |  | (2) |  |
State | 8,460 |  |  | (495) |  |  | 10,273 |  |
| 33,377 |  |  | (3,822) |  |  | 53,065 |  |
Deferred: |  |  |  |  |  |
Federal | 6,094 |  |  | 7,506 |  |  | (24,380) |  |
Foreign | — |  |  | — |  |  | — |  |
State | (1,562) |  |  | 518 |  |  | (3,805) |  |
| 4,532 |  |  | 8,024 |  |  | (28,185) |  |
Provision for income taxes | $ | 37,909 |  |  | $ | 4,202 |  |  | $ | 24,880 |  |
Schedule of Effective Income Tax Rate Reconciliation |
| Fiscal Year Ended |
| January 28, 2023 |  | January 29, 2022 |  | January 30, 2021 |
Statutory rate applied to pre-tax income | $ | 37,826 |  |  | $ | 11,083 |  |  | $ | 12,436 |  |
State taxes, net of federal tax benefit | 5,325 |  |  | 1,422 |  |  | 4,344 |  |
Change in accruals for uncertain tax positions | 3,833 |  |  | 4,493 |  |  | 1,189 |  |
Compensation limitation | 3,959 |  |  | 1,468 |  |  | 2,632 |  |
Tax filings for prior periods | (2,505) |  |  | (4,609) |  |  | — |  |
Tax credits | (5,056) |  |  | (3,756) |  |  | (3,145) |  |
Federal benefit of vesting and exercise of share-based awards | (3,515) |  |  | (2,425) |  |  | (436) |  |
Deferred tax remeasurements | 371 |  |  | (1,355) |  |  | — |  |
Effect of rates other than statutory | (203) |  |  | 71 |  |  | (4) |  |
Non-deductible and non-taxable items, net | 215 |  |  | 70 |  |  | 808 |  |
Change in valuation allowance | (376) |  |  | (12) |  |  | 1 |  |
Non-deductible goodwill impairment | — |  |  | — |  |  | 10,411 |  |
Tax Reform and related effects | — |  |  | — |  |  | (2,631) |  |
Other items, net | (1,965) |  |  | (2,248) |  |  | (725) |  |
Provision for income taxes | $ | 37,909 |  |  | $ | 4,202 |  |  | $ | 24,880 |  |
Schedule of Deferred Tax Assets and Liabilities | The significant components of deferred tax assets and liabilities consisted of the following (dollars in thousands):
| January 28, 2023 |  | January 29, 2022
Deferred tax assets: |  |  |
Insurance and other reserves | $ | 22,866 |  |  | $ | 19,407 |
Capitalized research expenditures (IRC Section 174) | 19,498 |  |  | — |
Leases | 17,096 |  |  | 15,718 |
Stock-based compensation | 3,577 |  |  | 2,303 |
Allowance for doubtful accounts and reserves | 2,984 |  |  | 1,356 |
Net operating loss carryforwards | 591 |  |  | 9,183 |
CARES Act tax deferral | — |  |  | 4,791 |
Other | 5,080 |  |  | 6,233 |
Total deferred tax assets | 71,692 |  |  | 58,991 |
Valuation allowance | (634) |  |  | (1,131) |
Deferred tax assets, net of valuation allowance | $ | 71,058 |  |  | $ | 57,860 |
Deferred tax liabilities: |  |  |
Property and equipment | $ | 77,024 |  |  | $ | 63,310 |
Goodwill and intangibles | 36,132 |  |  | 33,221 |
Leases | 17,178 |  |  | 15,822 |
Other | 929 |  |  | 1,181 |
Deferred tax liabilities | $ | 131,263 |  |  | $ | 113,534 |
Net deferred tax liabilities | $ | 60,205 |  |  | $ | 55,674 |
Schedule of Unrecognized Tax Benefits Roll Forward | A summary of unrecognized tax benefits is as follows (dollars in thousands):
| Fiscal Year Ended |
| January 28, 2023 |  | January 29, 2022 |  | January 30, 2021 |
Balance at beginning of year | $ | 11,929 |  |  | $ | 5,940 |  |  | $ | 4,742 |  |
Additions based on tax positions related to the fiscal year | 2,042 |  |  | 1,377 |  |  | 1,075 |  |
Additions based on tax positions related to prior years | 2,957 |  |  | 4,612 |  |  | 530 |  |
Reductions related to the expiration of statutes of limitation | (1,157) |  |  | — |  |  | (407) |  |
Balance at end of year | $ | 15,771 |  |  | $ | 11,929 |  |  | $ | 5,940 |  |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=124434304&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration