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Income Taxes (Tables) | 12 Months Ended
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Jan. 27, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of the provision for income taxes were as follows (dollars in thousands):
| Fiscal Year Ended |
| January 27, 2024 |  | January 28, 2023 |  | January 29, 2022 |
Current: |  |  |  |  |  |
Federal | $ | 65,540 |  |  | $ | 24,917 |  |  | $ | (3,323) |  |
Foreign | 13 |  |  | — |  |  | (4) |  |
State | 18,166 |  |  | 8,460 |  |  | (495) |  |
| 83,719 |  |  | 33,377 |  |  | (3,822) |  |
Deferred: |  |  |  |  |  |
Federal | (10,000) |  |  | 6,094 |  |  | 7,506 |  |
Foreign | — |  |  | — |  |  | — |  |
State | (643) |  |  | (1,562) |  |  | 518 |  |
| (10,643) |  |  | 4,532 |  |  | 8,024 |  |
Provision for income taxes | $ | 73,076 |  |  | $ | 37,909 |  |  | $ | 4,202 |  |
Schedule of Effective Income Tax Rate Reconciliation |
| Fiscal Year Ended |
| January 27, 2024 |  | January 28, 2023 |  | January 29, 2022 |
Statutory rate applied to pre-tax income | $ | 61,320 |  |  | $ | 37,826 |  |  | $ | 11,083 |  |
State taxes, net of federal tax benefit | 13,466 |  |  | 5,325 |  |  | 1,422 |  |
Change in accruals for uncertain tax positions | 2,331 |  |  | 3,833 |  |  | 4,493 |  |
Compensation limitation | 2,788 |  |  | 3,959 |  |  | 1,468 |  |
Tax filings for prior periods | — |  |  | (2,505) |  |  | (4,609) |  |
Tax credits | (4,453) |  |  | (5,056) |  |  | (3,756) |  |
Federal benefit of vesting and exercise of share-based awards | (2,413) |  |  | (3,515) |  |  | (2,425) |  |
Deferred tax remeasurements | — |  |  | 371 |  |  | (1,355) |  |
Effect of rates other than statutory | 241 |  |  | (203) |  |  | 71 |  |
Non-deductible and non-taxable items, net | 1,090 |  |  | 215 |  |  | 70 |  |
Change in valuation allowance | (546) |  |  | (376) |  |  | (12) |  |
Other items, net | (748) |  |  | (1,965) |  |  | (2,248) |  |
Provision for income taxes | $ | 73,076 |  |  | $ | 37,909 |  |  | $ | 4,202 |  |
Schedule of Deferred Tax Assets and Liabilities | The significant components of deferred tax assets and liabilities consisted of the following (dollars in thousands):
| January 27, 2024 |  | January 28, 2023
Deferred tax assets: |  |  |
Capitalized research expenditures (IRC Section 174) | $ | 38,689 |  |  | $ | 19,498 |
Insurance and other reserves | 25,865 |  |  | 22,866 |
Leases | 19,380 |  |  | 17,096 |
Stock-based compensation | 4,722 |  |  | 3,577 |
Allowance for doubtful accounts and reserves | 3,203 |  |  | 2,984 |
Net operating loss carryforwards | 238 |  |  | 591 |
Other | 3,686 |  |  | 5,080 |
Total deferred tax assets | 95,783 |  |  | 71,692 |
Valuation allowance | (79) |  |  | (634) |
Deferred tax assets, net of valuation allowance | $ | 95,704 |  |  | $ | 71,058 |
Deferred tax liabilities: |  |  |
Property and equipment | $ | 86,105 |  |  | $ | 77,024 |
Goodwill and intangibles | 38,381 |  |  | 36,132 |
Leases | 19,439 |  |  | 17,178 |
Other | 1,341 |  |  | 929 |
Deferred tax liabilities | $ | 145,266 |  |  | $ | 131,263 |
Net deferred tax liabilities | $ | 49,562 |  |  | $ | 60,205 |
Schedule of Unrecognized Tax Benefits Roll Forward | A summary of unrecognized tax benefits is as follows (dollars in thousands):
| Fiscal Year Ended |
| January 27, 2024 |  | January 28, 2023 |  | January 29, 2022 |
Balance at beginning of year | $ | 15,771 |  |  | $ | 11,929 |  |  | $ | 5,940 |  |
Additions based on tax positions related to the fiscal year | 1,884 |  |  | 2,042 |  |  | 1,377 |  |
Additions based on tax positions related to prior years | 587 |  |  | 2,957 |  |  | 4,612 |  |
Reductions based on tax positions related to prior years | (636) |  |  | — |  |  | — |  |
Reductions related to the expiration of statutes of limitation | — |  |  | (1,157) |  |  | — |  |
Balance at end of year | $ | 17,606 |  |  | $ | 15,771 |  |  | $ | 11,929 |  |

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