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Income Taxes (Tables)

12 Months Ended

Jan. 31, 2025

Income Tax Disclosure [Abstract]

Components of Income (Loss) before Income Taxes

The components of income before income taxes are as follows:

		Fiscal Year Ended January 31,
		2025				2024				2023
Domestic		$	489,723			$	378,265			$	217,894
Foreign			10,449				3,342				3,385
		$	500,172			$	381,607			$	221,279

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,
		2025				2024				2023
Current:
Federal		$	76,959			$	46,714			$	49,695
State			21,568				19,422				12,950
Foreign			2,149				3,086				1,512
		$	100,676			$	69,222			$	64,157
Deferred:
Federal		$	(6,461	)		$	24,141			$	(4,724	)
State			1,619				(1,152	)			671
Foreign			1,876				1,722				1,476
			(2,966	)			24,711				(2,577	)
		$	97,710			$	93,933			$	61,580

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,
		2025				2024				2023
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			3.7				3.8				4.9
Foreign taxes			(0.5	)			(0.2	)			0.3
Nondeductible expenses			0.9				0.8				1.6
General business credits			(1.2	)			(1.4	)			—
Uncertain tax positions			(4.4	)			0.3				0.3
Other			—				0.3				(0.3	)
Effective tax rate			19.5	%			24.6	%			27.8	%

Significant Components of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities as of January 31, 2025 and 2024 are as follows:

		January 31,
		2025				2024
Deferred tax liabilities:
Prepaid expense		$	(2,912	)		$	(2,776	)
Depreciation			(93,147	)			(80,196	)
Operating lease right-of-use assets			(226,526	)			(216,635	)
Other temporary differences			(304	)			(262	)
Gross deferred tax liabilities			(322,889	)			(299,869	)
Deferred tax assets:
Operating lease liabilities			264,199				253,762
Deferred rent			12,437				13,721
Inventory			34,976				25,297
Accounts receivable			1,685				1,034
Net operating loss carryforwards			15,009				14,376
Tax uncertainties			236				1,811
Accrued salaries and benefits			34,257				31,534
Income tax credits			3,588				3,738
Other temporary differences			37,432				32,731
Gross deferred tax assets, before valuation allowances			403,819				378,004
Valuation allowances			(32,463	)			(31,959	)
Net deferred tax assets		$	48,467			$	46,176

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		2025				2024				2023
Balance at the beginning of the period		$	18,662			$	18,734			$	18,945
Increases in tax positions for prior years			—				54				1,055
Decreases in tax positions for prior years			(418	)			(26	)			(974	)
Increases in tax positions for current year			323				332				147
Settlements			(217	)			(117	)			(177	)
Lapse in statute of limitations			(17,407	)			(315	)			(262	)
Balance at the end of the period		$	943			$	18,662			$	18,734

Investment [Table Text Block]

The following table summarizes the balances related to the investment at January 31, 2025 and 2024:

	January 31,			January 31,
	2025			2024
Other assets	$	48,784		$	66,214
Accrued expenses and other current liabilities		16,571			10,507
Other non-current liabilities		30,722			47,293

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