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Income Taxes (Tables)

12 Months Ended

Jan. 29, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The following table sets forth our income tax provision:

			January 29, 2023						January 30, 2022						January 31, 2021
Current provision:
Federal			$	2,366					$	21,899					$	(78,629)
State and local			6,459						4,577						(1,360)
Foreign			76						333						(78)
Total current provision			8,901						26,809						(80,067)

			January 29, 2023						January 30, 2022						January 31, 2021
Deferred provision (benefit):
Federal			25,010						(2,354)						(5,415)
State and local			3,142						(5,441)						1,951
Foreign			(522)						—						99
Total deferred provision (benefit)			27,630						(7,795)						(3,365)
Provision for income taxes			$	36,531					$	19,014					$	(83,432)

Summary of Reconciliation of Effective Tax Rate To The Federal Income Tax Rate

The following table reconciles the effective tax rate to the federal income tax rate:

			January 29, 2023						January 30, 2022						January 31, 2021
Federal income tax rate			21.0		%				21.0		%				21.0		%
State and local income taxes, net of federal benefit			5.7		%				5.0		%				2.7		%
Permanent differences			2.9		%				2.0		%				(0.2)		%
Tax credits			(5.5)		%				(4.9)		%				0.7		%
Share-based compensation			(1.3)		%				(3.6)		%				(0.2)		%
Impact of net operating loss carryback			—		%				—		%				7.5		%
Other			(1.8)		%				(4.6)		%				(2.8)		%
Effective tax rate			21.0		%				14.9		%				28.7		%

Summary of Components of Deferred Income Tax Liability

Components of the deferred income tax liability, net consist of the following:

			January 29, 2023						January 30, 2022
Deferred tax assets:
Deferred revenue			$	18,148					$	27,577
Operating lease liability			434,877						380,145
Accrued liabilities			9,742						2,961
Workers compensation and general liability insurance			4,911						4,068
Share-based compensation			6,372						7,614
Hedging transactions			—						1,044
Net operating loss carryovers			27,241						8,028
Tax credit carryovers			4,623						943
Interest expense carryovers			524						—
Indirect benefit of unrecognized tax benefits			418						529
Other			5,274						4,173
Subtotal			512,130						437,082
Less: valuation allowance			(3,968)						(8,501)
Total deferred tax assets			$	508,162					$	428,581
Deferred tax liabilities:
Trademark/tradename			$	43,866					$	21,583
Property and equipment			179,549						121,516
Operating lease right of use asset			348,490						287,255
Other			1,977						278
Total deferred tax liabilities			$	573,882					$	430,632
Deferred tax liability, net			$	65,720					$	2,051

Summary of Changes in Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits follows:

			January 29, 2023						January 30, 2022						January 31, 2021
Balance at beginning of year			$	3,086					$	2,564					$	2,080
Additions for tax positions of prior years			—						95						28
Reductions for tax positions of prior years			(757)						—						—
Additions for tax positions of current year			—						757						660
Lapse of statute of limitations			(381)						(330)						(204)
Balance at end of year			$	1,948					$	3,086					$	2,564

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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.

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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.

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