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Income Taxes (Tables)

12 Months Ended

Jan. 29, 2021

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 2020				Fiscal 2019				Fiscal 2018
Income before income taxes
United States		$	173			$	21,406			$	16,297
Foreign			12,419				(44	)			(6,666	)
Total income before income taxes		$	12,592			$	21,362			$	9,631

Schedule of Components of the Provision for (Benefit from) Income Taxes

The components of the provision for (benefit from) income taxes are as follows:

(in thousands)		Fiscal 2020				Fiscal 2019				Fiscal 2018
United States		$	725			$	2,105			$	(1,959	)
Foreign			1,031				(33	)			—
Total provision (benefit)		$	1,756			$	2,072			$	(1,959	)

(in thousands)		Fiscal 2020				Fiscal 2019				Fiscal 2018
Current:
Federal		$	8,334			$	979			$	(4,457	)
State			3,675				1,549				2,275
Foreign			517				—				—
Total current			12,526				2,528				(2,182	)
Deferred:
Federal			(8,413	)			340				1,650
State			(2,871	)			(763	)			(1,427	)
Foreign			514				(33	)			—
Total deferred			(10,770	)			(456	)			223
Total provision (benefit)		$	1,756			$	2,072			$	(1,959	)

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 2020				Fiscal 2019				Fiscal 2018
Tax at statutory federal tax rate			21.0	%			21.0	%			21.0	%
State income taxes, net of federal tax benefit			5.0	%			2.9	%			10.0	%
Foreign differential			2.7	%			(4.0	)%			(4.6	)%
Permanent differences			16.8	%			4.3	%			23.4	%
CARES Act			(24.6	)%			—	%			—	%
Repatriation of foreign earnings			—	%			—	%			(38.4	)%
Uncertain tax benefits			(1.6	)%			(0.8	)%			(38.6	)%
Change in foreign valuation allowance			(3.8	)%			4.2	%			19.2	%
Foreign branches			—	%			(15.9	)%			—	%
Other, net			(1.6	)%			(2.0	)%			(12.3	)%
Total			13.9	%			9.7	%			(20.3	)%

Summary of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consisted of the following:

(in thousands)		January 29, 2021				January 31, 2020				February 1, 2019
Deferred tax assets
Deferred revenue		$	4,882			$	3,797			$	3,053
Legal accruals			3,551				1,938				1,714
Deferred compensation			16,147				12,507				10,360
Reserve for returns			3,072				2,654				2,271
Inventory			6,390				3,413				3,690
CTA investment in foreign subsidiaries			2,987				3,453				3,505
Operating lease liabilities			9,677				10,319				—
Other			2,668				2,764				3,041
Net operating loss carryforward			3,093				6,018				5,117
Total deferred tax assets			52,467				46,863				32,751
Less valuation allowance			(3,896	)			(6,526	)			(5,079	)
Net deferred tax assets		$	48,571			$	40,337			$	27,672
Deferred tax liabilities
Intangible assets		$	62,372			$	62,397			$	62,959
LIFO reserve			15,191				17,503				16,382
Property and equipment			8,660				7,208				5,098
Operating lease right-of-use assets			7,882				8,586				—
Catalog advertising			1,812				2,294				1,903
Total deferred tax liabilities			95,917				97,988				86,342
Net deferred tax liability		$	47,346			$	57,651			$	58,670

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of UTBs is as follows:

		Fiscal 2020				Fiscal 2019				Fiscal 2018
Gross UTB balance at beginning of period		$	1,202			$	1,458			$	4,531
Tax positions related to the prior periods - gross    decreases			(190	)			(179	)			(2,588	)
Settlements			—				(77	)			(485	)
Gross UTB balance at end of period		$	1,012			$	1,202			$	1,458

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