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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

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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 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.

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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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Tabular disclosure of the change in unrecognized tax benefits.

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