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Income Taxes
3 Months Ended
Apr. 30, 2023
Income Tax Disclosure [Abstract]  
Income Taxes
Note 9: Income Taxes
The effective tax rate for the thirteen weeks ended April 30, 2023, was 22.7%, compared to 23.3% for the thirteen weeks ended May 1, 2022. The current year tax provision includes a favorable state apportionment impact resulting from the acquisition of Main Event and legal entity restructuring.
On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) was signed into law. Intended to provide economic relief to those impacted by the COVID-19 pandemic, the CARES Act includes provisions, among others, allowing for the carryback of net operating losses generated in fiscal 2018, 2019 and 2020. The Company has $24.2 of federal tax refunds remaining from the fiscal 2020 carryback claim filed during fiscal 2021.