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INCOME TAXES (Tables) | 12 Months Ended
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Jan. 29, 2022
Income Tax Disclosure [Abstract] |
Provision for income taxes | The provision for income taxes consists of:
| Fiscal Years Ended
| January 29, 2022 |  | January 30, 2021 |  | February 1, 2020
Current income tax expense: |  |  |  |  |
Federal | $ | 69,228 |  |  | $ | 35,837 |  |  | $ | 29,660 |
State | 14,088 |  |  | 6,269 |  |  | 5,604 |
Deferred income tax expense (benefit) | (381) |  |  | (1,298) |  |  | (1,986) |
Total | $ | 82,935 |  |  | $ | 40,808 |  |  | $ | 33,278 |
Reconciliation of effective tax rate | Total income tax expense for the year varies from the amount which would be provided by applying the statutory income tax rate to earnings before income taxes. The primary reasons for this difference (expressed as a percent of pre-tax income) are as follows:
| Fiscal Years Ended
| January 29, 2022 |  | January 30, 2021 |  | February 1, 2020
Statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income tax effect | 3.3 |  |  | 2.9 |  |  | 3.2 |
Other | 0.3 |  |  | — |  |  | — |
Effective tax rate | 24.6 | % |  | 23.9 | % |  | 24.2 | %
Deferred income tax assets and liabilities | Deferred income tax assets and liabilities are comprised of the following:
| January 29, 2022 |  | January 30, 2021
Deferred income tax assets (liabilities): |  |  |
Inventory | $ | 3,673 |  |  | $ | 4,228 |
Stock-based compensation | 3,157 |  |  | 2,118 |
Accrued compensation | 4,796 |  |  | 4,551 |
Deferred payroll taxes (a) | 623 |  |  | 1,326 |
Accrued store operating costs | 3,006 |  |  | 2,862 |
Unrealized (gain)/loss on securities | (341) |  |  | (528) |
Gift certificates redeemable | 921 |  |  | 918 |
Deferred rent liability | 110 |  |  | 319 |
Property and equipment | (13,514) |  |  | (13,138) |
Operating lease right-of-use assets | (62,139) |  |  | (67,046) |
Operating lease liabilities | 69,202 |  |  | 73,504 |
Net deferred income tax asset | $ | 9,494 |  |  | $ | 9,114 |
(a) Relates to the liability for deferred payment of the employer's portion of Social Security taxes, as provided for under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) enacted on March 27, 2020.

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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