XML 82 R36.htm IDEA: XBRL DOCUMENT v3.20.1

Income Taxes (Tables)

12 Months Ended

Feb. 01, 2020

Income Tax Disclosure [Abstract]

Components of Income Before Income Taxes from Continuing Operations

The components of income before income taxes from continuing operations were:

		For the Years Ended
		February 1,				February 2,				February 3,
(In thousands)		2020				2019				2018
U.S.		$	229,906			$	308,424			$	255,621
Foreign			15,372				36,676				31,552
Total		$	245,278			$	345,100			$	287,173

Components of Deferred Tax Assets and Liabilities

The significant components of the Company’s deferred tax assets and liabilities were as follows:

		February 1,				February 2,
(in thousands)		2020				2019
Deferred tax assets:
Operating lease ROU assets		$	406,473			$	—
Inventories			9,908				9,276
Deferred compensation			9,005				8,874
Accruals not currently deductible			7,332				7,675
State tax credits			7,092				7,216
Net operating loss			5,983				8,757
Employee compensation and benefits			3,176				12,476
Foreign tax credits			1,056				564
Rent (under ASC 840)			—				21,649
Other			5,580				5,000
Gross deferred tax assets			455,605				81,487
Valuation allowance			(5,861	)			(6,992	)
Total deferred tax assets		$	449,744			$	74,495
Deferred tax liabilities:
Operating lease liabilities		$	(370,617	)		$	—
Property and equipment			(50,288	)			(53,774	)
Prepaid expenses			(2,996	)			(4,128	)
Other			(3,119	)			(2,531	)
Total deferred tax liabilities		$	(427,020	)		$	(60,433	)
Total deferred tax assets, net		$	22,724			$	14,062

Components of Provision for Income Taxes from Continuing Operations

Significant components of the provision for income taxes from continuing operations were as follows:

		For the Years Ended
		February 1,				February 2,				February 3,
(In thousands)		2020				2019				2018
Current:
Federal		$	25,745			$	60,453			$	31,763
Foreign taxes			8,137				7,343				3,404
State			13,598				19,815				9,600
Total current			47,480				87,611				44,767
Deferred:
Federal		$	12,289			$	(148	)		$	36,345
Foreign taxes			(1,213	)			(2,367	)			(1,130	)
State			(4,535	)			(1,898	)			3,028
Total deferred			6,541				(4,413	)			38,243
Provision for income taxes		$	54,021			$	83,198			$	83,010

Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to our unrecognized tax benefits:

		For the Years Ended
(In thousands)		February 1, 2020				February 2, 2019				February 3, 2018
Unrecognized tax benefits, beginning of the year    balance		$	6,534			$	7,286			$	7,093
Increases in current period tax positions			422				565				1,913
Increases in tax positions of prior periods			151				2,279				624
Settlements			(2,223	)			(1,397	)			(744	)
Lapse of statute of limitations			(720	)			(545	)			(517	)
Decreases in tax positions of prior periods			(1,383	)			(1,654	)			(1,083	)
Unrecognized tax benefits, end of the year balance		$	2,781			$	6,534			$	7,286

Reconciliation Between Statutory Federal Income Tax Rate and Effective Income Tax Rate from Continuing Operations

A reconciliation between the statutory federal income tax rate and the effective income tax rate from continuing operations follows:

		For the Years Ended
		February 1,				February 2,				February 3,
		2020				2019				2018
Federal income tax rate			21.0	%			21.0	%			33.7	%
State income taxes, net of federal income tax effect			3.6				3.8				2.9
Foreign rate differential			(0.6	)			(0.7	)			(1.9	)
Impact of Tax Act			(2.1	)			(0.6	)			(3.0	)
Valuation allowance changes, net			0.3				0.4				(0.2	)
Change in unrecognized tax benefits			0.1				(0.2	)			0.3
Other			(0.3	)			0.4				(2.9	)
			22.0	%			24.1	%			28.9	%

X

- Definition

Schedule of unrecognized tax benefits reconciliation.

+ References

No definition available.

+ Details

Name:	aeo_ScheduleOfUnrecognizedTaxBenefitsReconciliationTableTextBlock
Namespace Prefix:	aeo_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration