Income Taxes (Tables)

12 Months Ended

Jan. 30, 2016

Schedule of income tax expense (benefit)

Income tax expense (benefit) is summarized as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Jan 30, 2016			Jan 31, 2015			Feb 1, 2014
Federal:
Current	$	23,618		$	37,802		$	61,239
Deferred	4,038			(8,566		)	(20,294		)
State:
Current	3,864			6,242			6,202
Deferred	(296		)	(3,262		)	(1,627		)
Foreign:
Current	14,259			9,756			25,611
Deferred	(3,019		)	3,852			4,117
Total	$	42,464		$	45,824		$	75,248

Schedule of differences between actual income tax expense and expected income tax expense

Actual income tax expense differs from expected income tax expense obtained by applying the statutory federal income tax rate to earnings before income taxes as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Jan 30, 2016			Jan 31, 2015			Feb 1, 2014
Computed “expected” tax expense	$	44,547		$	50,053		$	81,536
State taxes, net of federal benefit	2,320			1,937			2,974
Non-U.S. tax expense less than federal statutory tax rate (1)	(6,991		)	(5,955		)	(11,260		)
Valuation reserve (2)	3,024			3,284			1,085
Unrecognized tax benefit	1,123			471			6,856
Prior year tax adjustments	(2,944		)	(2,955		)	(3,489		)
Other	1,385			(1,011		)	(2,454		)
Total	$	42,464		$	45,824		$	75,248

________________________________________________________________________

(1)

The jurisdictional location of pre-tax income (loss) may represent a significant component of the Company’s effective tax rate as income tax rates outside the U.S. are generally lower than the U.S. statutory income tax rate. Furthermore, the impact of changes in the jurisdictional location of pre-tax income (loss) on the Company’s effective tax rate will be greater at lower levels of consolidated pre-tax income (loss). These amounts exclude the impact of net changes in valuation allowances, audit and other adjustments related to the Company’s non-U.S. operations, as they are reported separately in the appropriate corresponding line items in the table above. The impact on the Company’s effective tax rate was primarily related to the Company’s Swiss and Korean subsidiaries which have jurisdictional effective tax rates which range from 10% to 20% lower than the U.S. rates.


(2)	Amounts relate primarily to net operating losses in emerging markets in Asia and South America for which have full valuation reserves.

Schedule of allocation of total income tax expense (benefit)

Total income tax expense (benefit) is allocated as follows (in thousands):



	Year Ended		Year Ended			Year Ended
	Jan 30, 2016		Jan 31, 2015			Feb 1, 2014
Operations	$	42,464	$	45,824		$	75,248
Stockholders’ equity	4,668		(660		)	3,673
Total income tax expense	$	47,132	$	45,164		$	78,921

Schedule of tax effects of the components of other comprehensive income (loss)

The tax effects of the components of other comprehensive income (loss) are allocated as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Jan 30, 2016			Jan 31, 2015			Feb 1, 2014
Derivative financial instruments designated as cash flow hedges	$	559		$	721		$	237
Marketable securities	(7		)	(61		)	(4		)
Defined benefit plans	2,972			(2,335		)	2,963
Total income tax expense (benefit)	$	3,524		$	(1,675	)	$	3,196

Schedule of total earnings before income tax expense and noncontrolling interests

Total earnings before income tax expense and noncontrolling interests are comprised of the following (in thousands):



	Year Ended		Year Ended		Year Ended
	Jan 30, 2016		Jan 31, 2015		Feb 1, 2014
Domestic operations	$	90,141	$	98,036	$	140,153
Foreign operations	37,138		44,972		92,806
Earnings before income tax expense and noncontrolling interests	$	127,279	$	143,008	$	232,959

Schedule of tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities as of January 30, 2016 and January 31, 2015 are presented below (in thousands):



	Jan 30, 2016			Jan 31, 2015
Deferred tax assets:
Defined benefit plans	$	20,654		$	23,901
Deferred compensation	14,729			12,416
Rent expense	12,545			12,672
Deferred income	10,923			15,953
Net operating losses	8,460			6,122
Lease incentives	6,865			6,179
Bad debt reserve	4,515			5,175
Accrued bonus	2,956			1,342
Uniform capitalization	1,929			1,927
Excess of book over tax depreciation/amortization	—			1,667
Other	23,538			15,453
Total deferred tax assets	107,114			102,807
Deferred tax liabilities:
Excess of tax over book depreciation/amortization	(4,259		)	—
Goodwill amortization	(3,629		)	(3,627		)
Other	(5,029		)	(3,872		)
Valuation allowance	(10,584		)	(7,501		)
Net deferred tax assets	$	83,613		$	87,807

Schedule of changes that occurred in the amount of gross unrecognized tax benefit excluding interest and penalties

A reconciliation of the beginning and ending amount of gross unrecognized tax benefit (excluding interest and penalties) is as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Jan 30, 2016			Jan 31, 2015			Feb 1, 2014
Beginning balance	$	13,640		$	10,900		$	4,527
Additions:
Tax positions related to the prior year	496			4,224			—
Tax positions related to the current year	1,516			1,722			7,501
Reductions:
Tax positions related to the prior year	(1,650		)	(55		)	(1,128		)
Tax positions related to the current year	(359		)	(91		)	—
Settlements	(505		)	(599		)	—
Expiration of statutes of limitation	(553		)	(2,461		)	—
Ending balance	$	12,585		$	13,640		$	10,900