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INCOME TAXES (Tables) | 12 Months Ended
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Feb. 03, 2024
Notes Tables |
Schedule of Components of Income Tax Expense (Benefit) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
($ thousands) |  | 2023 |  | 2022 |  | 2021
Federal |  | ​ |  |  | ​ |  |  | ​ |
Current | ​ | $ | 10,849 | ​ | $ | 11,506 | ​ | $ | 36,388
Deferred | ​ |  | 5,138 | ​ |  | 6,975 | ​ |  | (227)
Total federal income tax provision | ​ |  | 15,987 | ​ |  | 18,481 | ​ |  | 36,161
State | ​ |  |  | ​ |  |  | ​ |  |
Current | ​ |  | 2,423 | ​ |  | 6,660 | ​ |  | 4,012
Deferred | ​ |  | (9,819) | ​ |  | 3,421 | ​ |  | 6,531
Total state income tax (benefit) provision | ​ |  | (7,396) | ​ |  | 10,081 | ​ |  | 10,543
International | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current | ​ | ​ | 4,879 | ​ | ​ | 4,759 | ​ | ​ | 4,615
Deferred | ​ |  | (3,980) | ​ |  | 18 | ​ |  | (238)
Total international income tax provision | ​ |  | 899 | ​ |  | 4,777 | ​ |  | 4,377
Total income tax provision | ​ | $ | 9,490 | ​ | $ | 33,339 | ​ | $ | 51,081
Schedule of Effective Income Tax Rate Reconciliation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
($ thousands) |  | 2023 |  | 2022 |  | 2021
Income taxes at statutory rate | ​ | $ | 38,078 | ​ | $ | 44,737 | ​ | $ | 39,741
State income taxes, net of federal tax benefit | ​ |  | 5,710 | ​ |  | 8,981 | ​ |  | 8,361
International earnings taxed at differing rates from U.S. statutory | ​ |  | (5,367) | ​ |  | (1,974) | ​ |  | (3,588)
Share-based compensation | ​ |  | (3,106) | ​ |  | (602) | ​ |  | 94
Provision for valuation allowance, net of utilization | ​ |  | (30,054) | ​ |  | (20,743) | ​ |  | 8,978
Non-deductibility of 162(m) limitations | ​ | ​ | 4,373 | ​ | ​ | 3,363 | ​ | ​ | 3,377
GILTI, BEAT and FDII provisions | ​ |  | 427 | ​ |  | 422 | ​ |  | 346
CARES Act NOL, net carryback benefit (1) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 365
International entity restructuring (2) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (6,697)
Other (3) | ​ |  | (571) | ​ |  | (845) | ​ |  | 104
Total income tax provision | ​ | $ | 9,490 | ​ | $ | 33,339 | ​ | $ | 51,081
(1) | The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was signed into law during 2020. Among the Internal Revenue Code provisions modified by the CARES Act was a five-year carryback period for net operating losses incurred in the 2018, 2019 and 2020 tax years; temporary removal of the 80% limitation on net operating loss usage, reinstated for tax years after 2020; a temporary increase in the interest expense limitation and acceleration of refundable AMT credit. The five-year carryback presented an opportunity to carry back net operating losses from years with a statutory 21% federal tax rate to years when the rate was 35%.
(2) | Reflects the deferred tax impacts of the liquidation of certain international subsidiaries, with related impacts presented in the provision for valuation allowance, net of utilization line in the table above.
(3) | The other category of income tax provision principally represents the impact of expenses that are not deductible or partially deductible for federal income tax purposes and the impact of any return-to-provision adjustments.
Schedule of Deferred Tax Assets and Liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
($ thousands) |  | February 3, 2024 |  | January 28, 2023
Deferred Tax Assets |  | ​ |  |  | ​ |
Lease obligations | ​ | $ | 148,242 | ​ | $ | 147,910
Goodwill | ​ | ​ | 34,386 | ​ | ​ | 38,407
Net operating loss carryforward/carryback | ​ |  | 10,107 | ​ |  | 13,303
Accrued expenses | ​ |  | 17,870 | ​ |  | 19,478
Employee benefits, compensation and insurance | ​ | ​ | 15,689 | ​ | ​ | 17,350
Accounts receivable | ​ |  | 6,094 | ​ |  | 6,304
Inventory capitalization and inventory reserves | ​ |  | 6,623 | ​ |  | 6,642
Impairment of investment in nonconsolidated affiliate | ​ |  | 1,470 | ​ |  | 1,470
Postretirement and postemployment benefit plans | ​ |  | 207 | ​ |  | 228
Other | ​ |  | 1,605 | ​ |  | 1,261
Total deferred tax assets, before valuation allowance | ​ |  | 242,293 | ​ |  | 252,353
Valuation allowance | ​ |  | (7,153) | ​ |  | (39,540)
Total deferred tax assets, net of valuation allowance | ​ | $ | 235,140 | ​ | $ | 212,813
​ | ​ |  |  | ​ |  |
Deferred Tax Liabilities | ​ |  |  | ​ |  |
Lease right-of-use assets | ​ | $ | (138,315) | ​ | $ | (136,618)
Intangible assets | ​ | ​ | (13,659) | ​ | ​ | (12,054)
LIFO inventory valuation | ​ |  | (51,021) | ​ |  | (46,551)
Retirement plans | ​ |  | (17,239) | ​ |  | (19,381)
Capitalized software | ​ |  | (1,800) | ​ |  | (3,309)
Depreciation | ​ |  | (16,822) | ​ |  | (10,823)
Other | ​ |  | (3,419) | ​ |  | (3,078)
Total deferred tax liabilities | ​ |  | (242,275) | ​ |  | (231,814)
Net deferred tax liability | ​ | $ | (7,135) | ​ | $ | (19,001)

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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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