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INCOME TAXES | 12 Months Ended
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Jan. 29, 2022
Income Tax Disclosure [Abstract] |
INCOME TAXES | 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 |
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 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. As of January 29, 2022 and January 30, 2021, respectively, the net deferred income tax assets of $9,494 and $9,114 are classified in "other assets." There were no unrecognized tax benefits recorded in the Company’s consolidated financial statements as of January 29, 2022 or January 30, 2021. Fiscal years 2018 through 2021 remain subject to potential federal examination. Additionally, fiscal years 2017 through 2021 are subject to potential examination by various state taxing authorities.

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- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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