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INCOME TAXES (Tables) | 12 Months Ended
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Feb. 03, 2024
Income Tax Disclosure [Abstract] |
Provision for 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 |
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
| 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 | 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 |

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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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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