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Income Taxes (Tables)

12 Months Ended

Jan. 25, 2025

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 25, 2025						January 27, 2024						January 28, 2023
Current:
Federal			$	73,398					$	65,540					$	24,917
Foreign			—						13						—
State			18,369						18,166						8,460
			91,767						83,719						33,377
Deferred:
Federal			(15,411)						(10,000)						6,094
Foreign			—						—						—
State			(1,979)						(643)						(1,562)
			(17,390)						(10,643)						4,532
Provision for income taxes			$	74,377					$	73,076					$	37,909

Schedule of Effective Income Tax Rate Reconciliation

			Fiscal Year Ended
			January 25, 2025						January 27, 2024						January 28, 2023
Statutory rate applied to pre-tax income			$	64,636					$	61,320					$	37,826
State taxes, net of federal tax benefit			12,021						13,466						5,325
Change in accruals for uncertain tax positions			3,797						2,331						3,833
Compensation limitation			9,890						2,788						3,959
Tax filings for prior periods			—						—						(2,505)
Tax credits			(6,558)						(4,453)						(5,056)
Federal benefit of vesting and exercise of share-based awards			(8,410)						(2,413)						(3,515)
Deferred tax remeasurements			—						—						371
Effect of rates other than statutory			511						241						(203)
Non-deductible and non-taxable items, net			1,446						1,090						215
Change in valuation allowance			—						(546)						(376)
Other items, net			(2,956)						(748)						(1,965)
Provision for income taxes			$	74,377					$	73,076					$	37,909

Schedule of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities consisted of the following (dollars in thousands):

			January 25, 2025						January 27, 2024
Deferred tax assets:
Capitalized research expenditures (IRC Section 174)			$	65,763					$	38,689
Insurance and other reserves			22,251						25,865
Leases			28,088						19,380
Stock-based compensation			4,635						4,722
Allowance for credit losses accounts and reserves			5,970						3,203
Net operating loss carryforwards			114						238
Other			4,315						3,686
Total deferred tax assets			131,136						95,783
Valuation allowance			(77)						(79)
Deferred tax assets, net of valuation allowance			$	131,059					$	95,704
Deferred tax liabilities:
Property and equipment			$	89,295					$	86,105
Goodwill and intangibles			39,106						38,381
Leases			27,951						19,439
Capitalized costs			5,843						—
Other			1,036						1,341
Deferred tax liabilities			$	163,231					$	145,266
Net deferred tax liabilities			$	32,172					$	49,562

Schedule of Unrecognized Tax Benefits Roll Forward

A summary of unrecognized tax benefits is as follows (dollars in thousands):

			Fiscal Year Ended
			January 25, 2025						January 27, 2024						January 28, 2023
Balance at beginning of year			$	17,606					$	15,771					$	11,929
Additions based on tax positions related to the fiscal year			2,682						1,884						2,042
Additions based on tax positions related to prior years			1,369						587						2,957
Reductions based on tax positions related to prior years			(94)						(636)						—
Reductions related to the expiration of statutes of limitation			—						—						(1,157)
Balance at end of year			$	21,563					$	17,606					$	15,771

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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.

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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.

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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.

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Tabular disclosure of the change in unrecognized tax benefits.

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