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Income Taxes (Tables) | 12 Months Ended
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Feb. 01, 2019
Income Tax Disclosure [Abstract] |
Schedule of income before income taxes | The Company's income (loss) before income taxes in the United States and in foreign jurisdictions is as follows:
(in thousands) | Fiscal 2018 |  | Fiscal 2017 |  | Fiscal 2016
Income (loss) before income taxes: |  |  |  |  |
United States | $ | 16,297 |  |  | $ | 9,011 |  |  | $ | (174,461 | )
Foreign | (6,666 | ) |  | (8,563 | ) |  | (4,419 | )
Total income (loss) before income taxes | $ | 9,631 |  |  | $ | 448 |  |  | $ | (178,880 | )
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 2018 |  | Fiscal 2017 |  | Fiscal 2016
United States | $ | (1,959 | ) |  | $ | (27,623 | ) |  | $ | (70,316 | )
Foreign | — |  |  | (124 | ) |  | 1,218 |
Total (benefit) provision | $ | (1,959 | ) |  | $ | (27,747 | ) |  | $ | (69,098 | )
(in thousands) | Fiscal 2018 |  | Fiscal 2017 |  | Fiscal 2016
Current: |  |  |  |  |
Federal | $ | (4,457 | ) |  | $ | 4,804 |  |  | $ | (2,834 | )
State | 2,275 |  |  | 330 |  |  | (229 | )
Foreign | — |  |  | (124 | ) |  | 1,218 |
Total current | (2,182 | ) |  | 5,010 |  |  | (1,845 | )
Deferred: |  |  |  |  |
Federal | 1,650 |  |  | (34,901 | ) |  | (62,645 | )
State | (1,427 | ) |  | 2,144 |  |  | (4,608 | )
Total deferred | 223 |  |  | (32,757 | ) |  | (67,253 | )
Total (benefit) provision | $ | (1,959 | ) |  | $ | (27,747 | ) |  | $ | (69,098 | )
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 2018 |  | Fiscal 2017 |  | Fiscal 2016
Tax at statutory federal income tax rate* | 21.0 | % |  | 33.8 | % |  | 35.0 | %
State income taxes, net of federal tax benefit | 10.0 | % |  | 103.5 | % |  | 2.7 | %
Foreign differential | (4.6 | )% |  | 108.6 | % |  | — | %
Permanent differences | 23.4 | % |  | 383.1 | % |  | (0.7 | )%
Tax law changes | — | % |  | (7,793.7 | )% |  | — | %
Repatriation of foreign earnings | (38.4 | )% |  | 950.9 | % |  | — | %
Uncertain tax benefits | (38.6 | )% |  | (600.1 | )% |  | 0.8 | %
Change in foreign valuation allowance | 19.2 | % |  | 509.8 | % |  | — | %
Other, net | (12.3 | )% |  | 110.6 | % |  | 0.8 | %
Total at effective income tax rate | (20.3 | )% |  | (6,193.5 | )% |  | 38.6 | %
Summary of deferred tax assets and liabilities | Deferred tax assets and liabilities consisted of the following:
(in thousands) | February 1, 2019 |  | February 2, 2018
Deferred tax assets: |  |  |
Deferred revenue | $ | 3,053 |  |  | $ | 3,292 |
Legal and other reserves | 1,714 |  |  | 1,512 |
Deferred compensation | 10,360 |  |  | 4,029 |
Reserve for returns | 2,271 |  |  | 2,301 |
Inventory | 3,690 |  |  | 3,099 |
Currency translation adjustment - foreign subsidiaries | 3,505 |  |  | 2,816 |
Other | 3,041 |  |  | 4,330 |
Total deferred tax assets | 27,634 |  |  | 21,379 |
Net operating loss carryforward | 5,117 |  |  | 2,284 |
Less valuation allowance | (5,079 | ) |  | (2,284 | )
Net deferred tax assets | $ | 27,672 |  |  | $ | 21,379 |
Deferred tax liabilities: |  |  |
Intangible assets | $ | 62,959 |  |  | $ | 62,754 |
LIFO reserve | 16,382 |  |  | 16,659 |
Property, plant and equipment | 5,098 |  |  | — |
Catalog marketing | 1,903 |  |  | 1,103 |
Total deferred tax liabilities | 86,342 |  |  | 80,516 |
Net deferred tax liability | $ | 58,670 |  |  | $ | 59,137 |
Schedule of unrecognized tax benefits | A reconciliation of the beginning and ending amount of UTBs is as follows:
| Federal, State and Foreign Tax
(in thousands) | Fiscal 2018 |  | Fiscal 2017 |  | Fiscal 2016
Gross UTB balance at beginning of period | $ | 4,531 |  |  | $ | 6,901 |  |  | $ | 8,311 |
Tax positions related to the current period—gross increases | — |  |  | — |  |  | 120 |
Tax positions related to the prior periods—gross decreases | (2,588 | ) |  | (2,370 | ) |  | (1,530 | )
Settlements | (485 | ) |  | — |  |  | — |
Gross UTB balance at end of period | $ | 1,458 |  |  | $ | 4,531 |  |  | $ | 6,901 |

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