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INCOME TAXES | 12 Months Ended
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Feb. 03, 2024
Income Tax Disclosure [Abstract] |
INCOME TAXES | INCOME TAXES The provision for income taxes consists of:
| Fiscal Years Ended
| February 3, 2024 |  | January 28, 2023 |  | January 29, 2022
Current income tax expense: |  |  |  |  |
Federal | $ | 59,652 |  |  | $ | 68,003 |  |  | $ | 69,228 |
State | 10,733 |  |  | 11,285 |  |  | 14,088 |
Deferred income tax expense (benefit) | (1,089) |  |  | 1,142 |  |  | (381) |
Total | $ | 69,296 |  |  | $ | 80,430 |  |  | $ | 82,935 |
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
| February 3, 2024 |  | January 28, 2023 |  | January 29, 2022
Statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income tax effect | 2.9 |  |  | 2.7 |  |  | 3.3 |
Other | 0.1 |  |  | 0.3 |  |  | 0.3 |
Effective tax rate | 24.0 | % |  | 24.0 | % |  | 24.6 | %
Deferred income tax assets and liabilities are comprised of the following:
| February 3, 2024 |  | January 28, 2023
Deferred income tax assets (liabilities): |  |  |
Inventory | $ | 5,458 |  |  | $ | 4,257 |
Stock-based compensation | 5,417 |  |  | 4,276 |
Accrued compensation | 6,318 |  |  | 5,197 |
Accrued store operating costs | 2,880 |  |  | 2,886 |
Unrealized (gain)/loss on securities | (207) |  |  | 59 |
Gift certificates redeemable | 1,015 |  |  | 889 |
Deferred rent liability | — |  |  | 98 |
Property and equipment | (19,802) |  |  | (17,118) |
Operating lease right-of-use assets | (67,395) |  |  | (65,141) |
Operating lease liabilities | 75,697 |  |  | 72,908 |
Capitalized research and development costs | 60 |  |  | 41 |
Net deferred income tax asset | $ | 9,441 |  |  | $ | 8,352 |
As of February 3, 2024 and January 28, 2023, respectively, the net deferred income tax assets of $9,441 and $8,352 are classified in other assets. There were no unrecognized tax benefits recorded in the Company’s consolidated financial statements as of February 3, 2024 or January 28, 2023. Fiscal years 2020 through 2023 remain subject to potential federal examination. Additionally, fiscal years 2019 through 2023 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 -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480990/946-20-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//740/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-14 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-21 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 270 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482526/740-270-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-17 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482603/740-30-50-2 + Details
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