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Income Taxes (Tables)

12 Months Ended

Jan. 31, 2024

Income Tax Disclosure [Abstract]

Components of Income (Loss) before Income Taxes

The components of income (loss) before income taxes are as follows:

		Fiscal Year Ended January 31,
		2024				2023				2022
Domestic		$	378,265			$	217,894			$	389,059
Foreign			3,342				3,385				15,572
		$	381,607			$	221,279			$	404,631

Components of Provision for Income Tax Expense or Benefit

The components of the provision for income tax expense/(benefit) are as follows:

		Fiscal Year Ended January 31,
		2024				2023				2022
Current:
Federal		$	46,714			$	49,695			$	75,533
State			19,422				12,950				18,972
Foreign			3,086				1,512				2,205
		$	69,222			$	64,157			$	96,710
Deferred:
Federal		$	24,141			$	(4,724	)		$	(4,151	)
State			(1,152	)			671				498
Foreign			1,722				1,476				958
			24,711				(2,577	)			(2,695	)
		$	93,933			$	61,580			$	94,015

Reasons for Differences between Company's Effective Tax Rate and Statutory U.S. Federal Income Tax Rate

The following table reflects the differences between the statutory U.S. federal income tax rate and the Company’s effective tax rate:

		Fiscal Year Ended January 31,
		2024				2023				2022
Expected provision at statutory U.S. federal tax rate			21.0	%			21.0	%			21.0	%
State and local income taxes, net of federal tax benefit			3.8				4.9				3.8
Foreign taxes			(0.2	)			0.3				(1.8	)
Nondeductible expenses			0.8				1.6				0.1
General business credits			(1.4	)			—				—
Other			0.6				—				0.1
Effective tax rate			24.6	%			27.8	%			23.2	%

Significant Components of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities as of January 31, 2024 and 2023 are as follows:

		January 31,
		2024				2023
Deferred tax liabilities:
Prepaid expense		$	(2,776	)		$	(2,727	)
Depreciation			(80,196	)			(46,552	)
Operating lease right-of-use assets			(216,635	)			(224,099	)
Other temporary differences			(262	)			(353	)
Gross deferred tax liabilities			(299,869	)			(273,731	)
Deferred tax assets:
Operating lease liabilities			253,762				260,596
Deferred rent			13,721				15,296
Inventory			25,297				22,967
Accounts receivable			1,034				1,114
Net operating loss carryforwards			14,376				18,369
Tax uncertainties			1,811				1,430
Accrued salaries and benefits			31,534				24,084
Income tax credits			3,738				4,540
Other temporary differences			32,731				29,362
Gross deferred tax assets, before valuation allowances			378,004				377,758
Valuation allowances			(31,959	)			(33,087	)
Net deferred tax assets		$	46,176			$	70,940

Reconciliation of Beginning and Ending Balances of Total Amounts of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:

		January 31,
Tax Benefit Reconciliation		2024				2023				2022
Balance at the beginning of the period		$	18,734			$	18,945			$	22,259
Increases in tax positions for prior years			54				1,055				28
Decreases in tax positions for prior years			(26	)			(974	)			(3,178	)
Increases in tax positions for current year			332				147				249
Settlements			(117	)			(177	)			—
Lapse in statute of limitations			(315	)			(262	)			(413	)
Balance at the end of the period		$	18,662			$	18,734			$	18,945

Investment [Table Text Block]

The following table summarizes the balances related to the investment at January 31, 2024:

	January 31,
	2024
Deferred income taxes and other assets	$	66,214
Accrued expenses and other current liabilities		10,507
Deferred rent and other liabilities		47,293

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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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