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Income Taxes (Tables) | 12 Months Ended
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Jan. 28, 2017
Income Tax Disclosure [Abstract] |
Schedule of income tax expense (benefit) | Income tax expense (benefit) is summarized as follows (in thousands):
| Year Ended |  | Year Ended |  | Year Ended
| Jan 28, 2017 |  | Jan 30, 2016 |  | Jan 31, 2015
Federal: |  |  |  |  |
Current | $ | 8,212 |  |  | $ | 23,618 |  |  | $ | 37,802 |
Deferred | (636 | ) |  | 4,038 |  |  | (8,566 | )
State: |  |  |  |  |
Current | 2,537 |  |  | 3,864 |  |  | 6,242 |
Deferred | (1,000 | ) |  | (296 | ) |  | (3,262 | )
Foreign: |  |  |  |  |
Current | 17,055 |  |  | 14,259 |  |  | 9,756 |
Deferred | 2,044 |  |  | (3,019 | ) |  | 3,852 |
Total | $ | 28,212 |  |  | $ | 42,464 |  |  | $ | 45,824 |
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 28, 2017 |  | Jan 30, 2016 |  | Jan 31, 2015
Computed “expected” tax expense | $ | 18,763 |  |  | $ | 44,547 |  |  | $ | 50,053 |
State taxes, net of federal benefit | 999 |  |  | 2,320 |  |  | 1,937 |
Non-U.S. tax expense less than federal statutory tax rate (1) | (1,539 | ) |  | (6,991 | ) |  | (5,955 | )
Cumulative valuation reserve (2) | 6,830 |  |  | — |  |  | — |
Valuation reserve (3) | 5,841 |  |  | 3,024 |  |  | 3,284 |
Unrecognized tax benefit | 556 |  |  | 1,123 |  |  | 471 |
Net tax settlements | 1,894 |  |  | — |  |  | — |
Sale of minority interest investment | (2,316 | ) |  | — |  |  | — |
Estimated exit tax charge | 1,911 |  |  | — |  |  | — |
Prior year tax adjustments | (1,790 | ) |  | (2,944 | ) |  | (2,955 | )
Non-deductible permanent difference | (2,284 | ) |  | 1,295 |  |  | 339 |
Other | (653 | ) |  | 90 |  |  | (1,350 | )
Total | $ | 28,212 |  |  | $ | 42,464 |  |  | $ | 45,824 |
________________________________________________________________________
(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 represent valuation reserves resulting from jurisdictions where there have been cumulative net operating losses, limiting the Company’s ability to consider other subjective evidence to continue to recognize the existing deferred tax assets.
(3) | Amounts relate primarily to valuation reserves on non-cumulative net operating losses or other deferred tax assets arising during the respective period.
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 28, 2017 |  | Jan 30, 2016 |  | Jan 31, 2015
Operations | $ | 28,212 |  |  | $ | 42,464 |  |  | $ | 45,824 |
Stockholders’ equity | 1,782 |  |  | 4,668 |  |  | (660 | )
Total income tax expense | $ | 29,994 |  |  | $ | 47,132 |  |  | $ | 45,164 |
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 28, 2017 |  | Jan 30, 2016 |  | Jan 31, 2015
Derivative financial instruments designated as cash flow hedges | $ | (864 | ) |  | $ | 559 |  |  | $ | 721 |
Marketable securities | 6 |  |  | (7 | ) |  | (61 | )
Defined benefit plans | (21 | ) |  | 2,972 |  |  | (2,335 | )
Total income tax expense (benefit) | $ | (879 | ) |  | $ | 3,524 |  |  | $ | (1,675 | )
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 28, 2017 |  | Jan 30, 2016 |  | Jan 31, 2015
Domestic operations | $ | 32,944 |  |  | $ | 90,141 |  |  | $ | 98,036 |
Foreign operations | 20,666 |  |  | 37,138 |  |  | 44,972 |
Earnings before income tax expense and noncontrolling interests | $ | 53,610 |  |  | $ | 127,279 |  |  | $ | 143,008 |
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 28, 2017 and January 30, 2016 are presented below (in thousands):
| Jan 28, 2017 |  | Jan 30, 2016
Deferred tax assets: |  |  |
Defined benefit plans | $ | 20,642 |  |  | $ | 20,654 |
Rent expense | 13,672 |  |  | 12,545 |
Net operating losses | 13,524 |  |  | 8,460 |
Deferred compensation | 12,987 |  |  | 14,729 |
Excess of book over tax depreciation/amortization | 9,018 |  |  | — |
Deferred income | 6,213 |  |  | 10,923 |
Lease incentives | 5,545 |  |  | 6,865 |
Bad debt reserve | 2,124 |  |  | 4,515 |
Uniform capitalization | 1,900 |  |  | 1,929 |
Other | 28,265 |  |  | 26,494 |
Total deferred tax assets | 113,890 |  |  | 107,114 |
Deferred tax liabilities: |  |  |
Goodwill amortization | (3,654 | ) |  | (3,629 | )
Excess of tax over book depreciation/amortization | (189 | ) |  | (4,259 | )
Other | (4,544 | ) |  | (5,029 | )
Valuation allowance | (23,255 | ) |  | (10,584 | )
Net deferred tax assets (1) | $ | 82,248 |  |  | $ | 83,613 |
__________________________________________________________________
(1) | As of January 28, 2017, amount includes net deferred tax liabilities of $0.5 million recorded in other long-term liabilities in the Company’s consolidated balance sheet. There were no net deferred tax liabilities recorded separately in the Company’s consolidated balance sheet at January 30, 2016.
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 28, 2017 |  | Jan 30, 2016 |  | Jan 31, 2015
Beginning balance | $ | 12,585 |  |  | $ | 13,640 |  |  | $ | 10,900 |
Additions: |  |  |  |  |
Tax positions related to the prior year | 672 |  |  | 496 |  |  | 4,224 |
Tax positions related to the current year | 106 |  |  | 1,516 |  |  | 1,722 |
Reductions: |  |  |  |  |
Tax positions related to the prior year | (380 | ) |  | (1,650 | ) |  | (55 | )
Tax positions related to the current year | — |  |  | (359 | ) |  | (91 | )
Settlements | — |  |  | (505 | ) |  | (599 | )
Expiration of statutes of limitation | — |  |  | (553 | ) |  | (2,461 | )
Ending balance | $ | 12,983 |  |  | $ | 12,585 |  |  | $ | 13,640 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
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