XML 46 R29.htm IDEA: XBRL DOCUMENT
v3.25.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Feb. 04, 2025
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Provision | The following table sets forth our income tax provision:
| February 4, 2025 |  | February 4, 2024 |  | January 29, 2023
Current provision: |  |  |  |  |
Federal | $ | 20.7 |  |  | $ | 8.3 |  |  | $ | 2.3 |
State and local | 11.4 |  |  | 9.4 |  |  | 6.5 |
Foreign | 0.5 |  |  | 1.3 |  |  | 0.1 |
Total current provision | 32.6 |  |  | 19.0 |  |  | 8.9 |
Deferred provision: |  |  |  |  |
Federal | (16.9) |  |  | 16.2 |  |  | 25.0 |
State and local | (3.9) |  |  | 2.5 |  |  | 3.1 |
Foreign | (0.2) |  |  | (1.5) |  |  | (0.5) |
Total deferred provision (benefit) | (21.0) |  |  | 17.2 |  |  | 27.6 |
Provision for income taxes | $ | 11.6 |  |  | $ | 36.2 |  |  | $ | 36.5 |
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:
| February 4, 2025 |  | February 4, 2024 |  | January 29, 2023
Federal income tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State and local income taxes, net of federal benefit | 5.9 | % |  | 4.8 | % |  | 5.7 | %
Permanent differences | 3.1 | % |  | 2.3 | % |  | 2.9 | %
Tax credits | (14.2) | % |  | (7.7) | % |  | (5.5) | %
Share-based compensation | (0.3) | % |  | (0.4) | % |  | (1.3) | %
Other | 1.0 | % |  | 2.2 | % |  | (1.8) | %
Effective tax rate | 16.5 | % |  | 22.2 | % |  | 21.0 | %
Summary of Components of Deferred Income Tax Liability | Components of the deferred income tax liability, net consist of the following as of the periods indicated:
| February 4, 2025 |  | February 4, 2024
Deferred tax assets: |  |  |
Deferred revenue | $ | 13.9 |  |  | $ | 16.9 |
Long-term lease obligation | 434.0 |  |  | 426.5 |
Accrued liabilities | 3.5 |  |  | 5.1 |
Workers’ compensation and general liability insurance | 5.6 |  |  | 5.2 |
Share-based compensation | 7.8 |  |  | 6.2 |
Financing obligation | 68.0 |  |  | 20.9 |
Net operating loss carryovers | 3.0 |  |  | 4.2 |
Tax credit carryovers | 1.6 |  |  | 7.1 |
Excess business interest expense | 21.4 |  |  | 19.1 |
Other | 6.2 |  |  | 4.0 |
Subtotal | 565.0 |  |  | 515.2 |
Less: Valuation allowance | (1.6) |  |  | (1.7) |
Total deferred tax assets | $ | 563.4 |  |  | $ | 513.5 |
Deferred tax liabilities: |  |  |
Trademark/tradename | $ | 44.0 |  |  | $ | 44.1 |
Property and equipment | 229.3 |  |  | 197.0 |
Right of use assets | 344.2 |  |  | 341.8 |
Other debt related items | 5.7 |  |  | 11.9 |
Other | 3.1 |  |  | 2.5 |
Total deferred tax liabilities | $ | 626.3 |  |  | $ | 597.3 |
Deferred tax liability, net | $ | 62.9 |  |  | $ | 83.8 |
Summary of Changes in Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits follows:
| February 4, 2025 |  | February 4, 2024 |  | January 29, 2023
Balance at beginning of year | $ | 8.6 |  |  | $ | 1.9 |  |  | $ | 3.0 |
Additions for tax positions of prior years | 0.9 |  |  | 1.1 |  |  | — |
Reductions for tax positions of prior years | (1.8) |  |  | — |  |  | (0.8) |
Settlements with tax authorities | (0.5) |  |  | — |  |  | — |
Additions for tax positions of current year | 0.6 |  |  | 6.1 |  |  | — |
Lapse of statute of limitations | (0.6) |  |  | (0.5) |  |  | (0.3) |
Balance at end of year | $ | 7.2 |  |  | $ | 8.6 |  |  | $ | 1.9 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration