XML 22 R12.htm IDEA: XBRL DOCUMENT v3.23.2
Note 7 - Income Taxes
6 Months Ended
Jul. 29, 2023
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

7. Income Taxes

 

The Company's effective tax rate was 20.4% and 23.1% for the thirteen and twenty-six weeks ended July 29, 2023 compared to 23.5% and 22.4% for the thirteen and twenty-six weeks ended July 30, 2022. The 2023 and 2022 effective tax rates differed from the statutory rate of 21% primarily due to state income tax expense partially offset by the tax impact of equity awards vesting. In addition, in the second quarter of fiscal 2023 and 2022, the Company remains in a full valuation allowance in certain foreign jurisdictions.