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Income Taxes (Tables) | 12 Months Ended
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Jan. 27, 2017
Income Tax Disclosure [Abstract] |
Schedule of income before income taxes | The Company’s (loss) income before income taxes in the United States and in foreign jurisdictions is as follows:
(in thousands) | Fiscal 2016 |  | Fiscal 2015 |  | Fiscal 2014
(Loss) income before income taxes: |  |  |  |  |
United States | $ | (174,461 | ) |  | $ | (31,206 | ) |  | $ | 114,772 |
Foreign | (4,419 | ) |  | 1,967 |  |  | 5,785 |
Total (loss) income before income taxes | $ | (178,880 | ) |  | $ | (29,239 | ) |  | $ | 120,557 |
Schedule of components of the provision for income taxes | The components of the (benefit from) provision for income taxes are as follows:
(in thousands) | Fiscal 2016 |  | Fiscal 2015 |  | Fiscal 2014
United States | $ | (70,316 | ) |  | $ | (9,737 | ) |  | $ | 44,503 |
Foreign | 1,218 |  |  | 46 |  |  | 2,255 |
Total (benefit) provision | $ | (69,098 | ) |  | $ | (9,691 | ) |  | $ | 46,758 |
(in thousands) | Fiscal 2016 |  | Fiscal 2015 |  | Fiscal 2014
Current: |  |  |  |  |
Federal | $ | (2,834 | ) |  | $ | 10,524 |  |  | $ | 20,902 |
State | (229 | ) |  | 2,409 |  |  | 6,361 |
Foreign | 1,218 |  |  | 46 |  |  | 1,950 |
Total current | (1,845 | ) |  | 12,979 |  |  | 29,213 |
Deferred: |  |  |  |  |
Federal | (62,645 | ) |  | (20,956 | ) |  | 14,579 |
State | (4,608 | ) |  | (1,714 | ) |  | 2,661 |
Foreign | — |  |  | — |  |  | 305 |
Total deferred | (67,253 | ) |  | (22,670 | ) |  | 17,545 |
Total (benefit) provision | $ | (69,098 | ) |  | $ | (9,691 | ) |  | $ | 46,758 |
Reconciliation of the effective income tax rate | A reconciliation of the statutory federal income tax rate to the effective income tax rate is as follows:
| Fiscal 2016 |  | Fiscal 2015 |  | Fiscal 2014
Tax at statutory federal tax rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State income taxes, net of federal tax benefit | 2.7 | % |  | (1.6 | )% |  | 2.9 | %
Other, net | 0.9 | % |  | (0.3 | )% |  | 0.9 | %
Total | 38.6 | % |  | 33.1 | % |  | 38.8 | %
Summary of deferred tax assets and liabilities | Deferred tax assets and liabilities consisted of the following:
(in thousands) | January 27, 2017 |  | January 29, 2016
Deferred tax assets: |  |  |
Deferred revenue | $ | 4,903 |  |  | $ | 5,349 |
Legal and other reserves | 1,892 |  |  | 1,839 |
Deferred compensation | 4,653 |  |  | 3,199 |
Reserve for returns | 3,578 |  |  | 4,911 |
Inventory | 7,817 |  |  | 4,231 |
Currency translation adjustment - foreign subsidiaries | 6,691 |  |  | 5,053 |
Other | 8,197 |  |  | 6,935 |
Total deferred tax assets | 37,731 |  |  | 31,517 |
Deferred tax liabilities: |  |  |
Intangible assets | 96,812 |  |  | 161,503 |
LIFO reserve | 24,601 |  |  | 20,153 |
Unremitted foreign earnings | 5,208 |  |  | 5,722 |
Catalog marketing | 1,577 |  |  | 1,390 |
Total deferred tax liabilities | 128,198 |  |  | 188,768 |
Net deferred tax liability | $ | 90,467 |  |  | $ | 157,251 |
Schedule of unrecognized tax benefits | A reconciliation of the beginning and ending amount of UTBs for the fiscal years is as follows:
| Federal, State and Foreign Tax
(in thousands) | Fiscal 2016 |  | Fiscal 2015 |  | Fiscal 2014
Gross UTB balance at beginning of period | $ | 8,311 |  |  | $ | 9,082 |  |  | $ | 8,718 |
Tax positions related to the current period—gross increases | 120 |  |  | 116 |  |  | 364 |
Tax positions related to the prior periods—gross decreases | (1,530 | ) |  | (697 | ) |  | — |
Settlements | — |  |  | (190 | ) |  | — |
Gross UTB balance at end of period | $ | 6,901 |  |  | $ | 8,311 |  |  | $ | 9,082 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
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