XML 76 R15.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Income Taxes | 12 Months Ended
--- | ---
Jan. 31, 2014
Income Taxes | 8. Income Taxes The components of income before income taxes are as follows:
|  | Fiscal Year Ended January 31, |
| 2014 |  |  | 2013 |  |  | 2012 |
Domestic |  | $ | 375,793 |  |  | $ | 340,536 |  |  | $ | 261,214 |
Foreign |  |  | 51,725 |  |  |  | 35,036 |  |  |  | 27,617 |
|  | $ | 427,518 |  |  | $ | 375,572 |  |  | $ | 288,831 |
The components of the provision for income tax expense are as follows:
|  | Fiscal Year Ended January 31, |
| 2014 |  |  | 2013 |  |  | 2012 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 139,848 |  |  | $ | 93,625 |  |  | $ | 93,244 |
State |  |  | 20,530 |  |  |  | 15,746 |  |  |  | 14,199 |
Foreign |  |  | 13,285 |  |  |  | 6,639 |  |  |  | 8,287 |
|  | $ | 173,663 |  |  | $ | 116,010 |  |  | $ | 115,730 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (15,171 | ) |  | $ | 23,285 |  |  | $ | (11,292 | )
State |  |  | (6,225 | ) |  |  | (722 | ) |  |  | 124 |
Foreign |  |  | (7,109 | ) |  |  | (315 | ) |  |  | (982 | )
|  |  | (28,505 | ) |  |  | 22,248 |  |  |  | (12,150 | )
|  | $ | 145,158 |  |  | $ | 138,258 |  |  | $ | 103,580 |
The Company’s effective tax rate was different than the statutory U.S. federal income tax rate for the following reasons:
|  | Fiscal Year Ended January 31, |
| 2014 |  |  | 2013 |  |  | 2012 |
Expected provision at statutory U.S. federal tax rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
State and local income taxes, net of federal tax benefit |  |  | 2.2 |  |  |  | 3.1 |  |  |  | 3.2 |
Foreign taxes |  |  | (2.7 | ) |  |  | (1.7 | ) |  |  | (2.1 | )
Other |  |  | (0.5 | ) |  |  | 0.4 |  |  |  | (0.2 | )
Effective tax rate |  |  | 34.0 | % |  |  | 36.8 | % |  |  | 35.9 | %
The significant components of deferred tax assets and liabilities as of January 31, 2014 and 2013 are as follows:
|  | January 31, |
|  | 2014 |  |  | 2013 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Prepaid expense |  | $ | (2,813 | ) |  | $ | (2,794 | )
Depreciation |  |  | (48,362 | ) |  |  | (56,434 | )
Gross deferred tax liabilities |  |  | (51,175 | ) |  |  | (59,228 | )
Deferred tax assets: |  |  |  |  |  |  |  |
Deferred rent |  |  | 66,579 |  |  |  | 64,539 |
Inventories |  |  | 5,624 |  |  |  | 3,357 |
Accounts receivable |  |  | 3,063 |  |  |  | 2,093 |
Net operating loss carryforwards |  |  | 2,601 |  |  |  | 4,356 |
Tax uncertainties |  |  | 3,372 |  |  |  | 5,710 |
Accrued salaries and benefits |  |  | 28,045 |  |  |  | 20,390 |
Other temporary differences |  |  | 8,779 |  |  |  | 1,986 |
Gross deferred tax assets, before valuation allowances |  |  | 118,063 |  |  |  | 102,431 |
Valuation allowances |  |  | (54 | ) |  |  | (2,083 | )
Net deferred tax assets |  | $ | 66,834 |  |  | $ | 41,120 |
Net deferred tax assets are attributed to the jurisdictions in which the Company operates. As of January 31, 2014 and 2013, respectively, $39,513 and $26,555 were attributable to U.S. federal, $17,092 and $11,436 were attributed to state jurisdictions and $10,229 and $3,129 were attributed to foreign jurisdictions. As of January 31, 2014, certain non-U.S. subsidiaries of the Company had net operating loss carryforwards for tax purposes of approximately $9,732 that do not expire and certain U.S. subsidiaries of the Company had state net operating loss carryforwards for tax purposes of approximately $2,979 that expire from 2017 through 2033. As of January 31, 2014, the Company had a full valuation allowance for certain foreign net operating loss carryforwards where it was uncertain the carryforwards would be utilized. The Company had no valuation allowance for certain other foreign and state net operating loss carryforwards where management believes it is more likely than not the tax benefit of these carryforwards will be realized. As of January 31, 2014 and 2013, the non-current portion of net deferred tax assets aggregated $38,061 and $26,406, respectively. The cumulative amount of the Company’s share of undistributed earnings of non-U.S. subsidiaries for which no deferred taxes have been provided was $204,262 as of January 31, 2014. These earnings are deemed to be permanently re-invested to finance growth programs. It is not practical to estimate the income tax liability that might be incurred if such earnings were remitted to the United States. A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:
Tax Benefit Reconciliation |  | January 31, |
| 2014 |  |  | 2013 |  |  | 2012 |
Balance at the beginning of the period |  | $ | 7,895 |  |  | $ | 8,664 |  |  | $ | 7,758 |
Increases in tax positions for prior years |  |  | 1,026 |  |  |  | 419 |  |  |  | 3,466 |
Decreases in tax positions for prior years |  |  | (305 | ) |  |  | (929 | ) |  |  | (310 | )
Increases in tax positions for current year |  |  | 521 |  |  |  | 635 |  |  |  | 360 |
Settlements |  |  | (3,190 | ) |  |  | (13 | ) |  |  | (2,259 | )
Lapse in statute of limitations |  |  | (1,112 | ) |  |  | (881 | ) |  |  | (351 | )
Balance at the end of the period |  | $ | 4,835 |  |  | $ | 7,895 |  |  | $ | 8,664 |
The total amount of net unrecognized tax benefits that, if recognized, would impact the Company’s effective tax rate were $2,416 and $3,861 as of January 31, 2014 and 2013, respectively. The Company accrues interest and penalties related to unrecognized tax benefits in income tax expense in the Consolidated Statements of Income, which is consistent with the recognition of these items in prior reporting periods. During the years ended January 31, 2014, 2013 and 2012, the Company recognized benefit/expense of $1,992, ($541) and $1,334, respectively, related to interest and penalties. The Company accrued $1,078 and $3,070 for the payment of interest and penalties as of January 31, 2014 and 2013, respectively. The Company files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. During the year ended January 31, 2014, the Company settled its Internal Revenue Service examination for the periods ended January 31, 2011 and 2012. The Company has recognized the tax effect of this settlement for previous and future periods in the end of year balances. The Company’s state and foreign filings are generally subject to audit from fiscal 2004 to 2013. It is possible that the federal or any state examination may be resolved within twelve months. Due to the potential for resolution of federal and foreign audit and state examinations, and the expiration of various statutes of limitation, it is possible that the Company’s gross unrecognized tax benefits balance may change within the next twelve months by a range of zero to $2,007.

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration