XML 47 R32.htm IDEA: XBRL DOCUMENT
v3.24.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Jan. 31, 2024
INCOME TAXES [Abstract] |
Schedule of components of income tax provision | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended January 31,
​ |  | 2024 |  | 2023 |  | 2022
​ | ​ | (In thousands)
Current | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 42,376 | ​ | $ | 27,982 | ​ | $ | 39,283
State and city | ​ | ​ | 9,768 | ​ | ​ | 8,278 | ​ | ​ | 4,484
Foreign | ​ | ​ | 9,971 | ​ | ​ | 14,647 | ​ | ​ | 5,991
​ | ​ | ​ | 62,115 | ​ | ​ | 50,907 | ​ | ​ | 49,758
Deferred | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | ​ | 6,469 | ​ | ​ | (50,764) | ​ | ​ | 17,090
State and city | ​ | ​ | 878 | ​ | ​ | (4,457) | ​ | ​ | 2,116
Foreign | ​ | ​ | (3,603) | ​ | ​ | 526 | ​ | ​ | 1,911
​ | ​ | ​ | 3,744 | ​ | ​ | (54,695) | ​ | ​ | 21,117
Income tax expense (benefit) | ​ | $ | 65,859 | ​ | $ | (3,788) | ​ | $ | 70,875
Income (loss) before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 218,528 | ​ | $ | (106,086) | ​ | $ | 234,034
Non-United States | ​ | ​ | 22,071 | ​ | ​ | (32,084) | ​ | ​ | 36,942
​ | ​ | $ | 240,599 | ​ | $ | (138,170) | ​ | $ | 270,976
Schedule of significant components of net deferred tax assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
​ | ​ | (In thousands)
Deferred income tax assets: | ​ | ​ | ​ | ​ | ​ | ​
Compensation | ​ | $ | 3,444 | ​ | $ | 879
Inventory | ​ | ​ | 13,756 | ​ | ​ | 12,197
Provision for bad debts and sales allowances | ​ | ​ | 11,918 | ​ | ​ | 15,237
Supplemental employee retirement plan | ​ | ​ | 792 | ​ | ​ | 688
Net operating loss | ​ | ​ | 40,183 | ​ | ​ | 33,749
Operating lease liability | ​ | ​ | 52,341 | ​ | ​ | 56,519
Foreign tax credit carryforward | ​ | ​ | 5,594 | ​ | ​ | 3,865
Section 174 R&D amortization | ​ | ​ | 1,016 | ​ | ​ | 478
Other | ​ | ​ | 4,919 | ​ | ​ | —
Gross deferred income tax assets | ​ | ​ | 133,963 | ​ | ​ | 123,612
Less: valuation allowance | ​ | ​ | (39,140) | ​ | ​ | (33,087)
Net deferred income tax assets | ​ | ​ | 94,823 | ​ | ​ | 90,525
Deferred income tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | (15,821) | ​ | ​ | (6,268)
Intangibles | ​ | ​ | (51,071) | ​ | ​ | (48,760)
Operating lease asset | ​ | ​ | (46,546) | ​ | ​ | (50,995)
Accrued expenses | ​ | ​ | — | ​ | ​ | (57)
Prepaid expenses and other | ​ | ​ | (2,149) | ​ | ​ | (2,279)
Other | ​ | ​ | (2,724) | ​ | ​ | (560)
Total deferred income tax liabilities | ​ | ​ | (118,311) | ​ | ​ | (108,919)
Net deferred income tax liabilities | ​ | $ | (23,488) | ​ | $ | (18,394)
Schedule of reconciliation of statutory federal income tax rate to effective rate reported in financial statements | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | ​ | 2023 |  | ​ | 2022 | ​
Provision for Federal income taxes at the statutory rate | ​ | 21.0 | % | ​ | 21.0 | % | ​ | 21.0 | %
State and local income taxes, net of Federal tax benefit | ​ | 3.7 | ​ | ​ | (2.1) | ​ | ​ | 2.0 | ​
Permanent differences | ​ | 2.8 | ​ | ​ | (2.1) | ​ | ​ | 2.8 | ​
U.S. tax on foreign earnings | ​ | 1.8 | ​ | ​ | (6.0) | ​ | ​ | 1.5 | ​
Foreign tax rate differential | ​ | 1.0 | ​ | ​ | 1.2 | ​ | ​ | — | ​
Foreign tax credit | ​ | (2.9) | ​ | ​ | 7.9 | ​ | ​ | (3.4) | ​
Valuation allowance | ​ | 0.4 | ​ | ​ | (3.1) | ​ | ​ | 0.8 | ​
Goodwill impairment | ​ | — | ​ | ​ | (17.3) | ​ | ​ | — | ​
Non-taxable capital gain | ​ | — | ​ | ​ | 5.1 | ​ | ​ | — | ​
Other, net(1) | ​ | (0.4) | ​ | ​ | (1.9) | ​ | ​ | 1.5 | ​
Actual provision for income taxes | ​ | 27.4 | % | ​ | 2.7 | % | ​ | 26.2 | %
Schedule of reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (excluding interest and penalties) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |  | 2022
​ | ​ | (In thousands)
Balance at February 1, | ​ | $ | 3,582 | ​ | $ | 2,442 | ​ | $ | 2,293
Additions based on tax positions related to the current year | ​ | ​ | 57 | ​ | ​ | 245 | ​ | ​ | —
Additions for tax positions of prior years | ​ | ​ | 1,015 | ​ | ​ | 895 | ​ | ​ | 595
Reductions for tax positions of prior years | ​ | ​ | (413) | ​ | ​ | — | ​ | ​ | —
Lapses of statutes of limitations | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (446)
Balance at January 31, | ​ | $ | 4,241 | ​ | $ | 3,582 | ​ | $ | 2,442

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 -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
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -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
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -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
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration