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Income Taxes (Tables) | 12 Months Ended
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Jan. 31, 2026
Income Tax Disclosure [Abstract] |
Components of Earnings (loss) from Continuing Operations Before Income Taxes | The components of earnings (loss) from continuing operations before income taxes is comprised of the following:
|  | Fiscal Year |
(In thousands) |  | 2026 |  |  | 2025 |  |  | 2024 |
United States |  | $ | 19,346 |  |  | $ | (1,476 | ) |  | $ | (43,859 | )
Foreign |  |  | (6,755 | ) |  |  | 10,784 |  |  |  | 22,085 |
Total Earnings (Loss) from Continuing Operations before Income Taxes |  | $ | 12,591 |  |  | $ | 9,308 |  |  | $ | (21,774 | )
Income Tax Expense | Income tax expense from continuing operations is comprised of the following:
|  | Fiscal Year |
(In thousands) |  | 2026 |  |  | 2025 |  |  | 2024 |
Current |  |  |  |  |  |  |  |  |
U.S. federal |  | $ | 904 |  |  | $ | 1,711 |  |  | $ | (3,672 | )
International |  |  | (206 | ) |  |  | 2,007 |  |  |  | 3,419 |
State |  |  | 648 |  |  |  | 1,100 |  |  |  | 744 |
Total Current Income Tax Expense |  |  | 1,346 |  |  |  | 4,818 |  |  |  | 491 |
Deferred |  |  |  |  |  |  |  |  |
U.S. federal |  |  | (58 | ) |  |  | 20,226 |  |  |  | (5,060 | )
International |  |  | (1,151 | ) |  |  | 515 |  |  |  | 1,074 |
State |  |  | 1 |  |  |  | 6,017 |  |  |  | 7,438 |
Total Deferred Income Tax Expense (Benefit) |  |  | (1,208 | ) |  |  | 26,758 |  |  |  | 3,452 |
Net Interest Related to Income Taxes |  |  |  |  |  |  |  |  |
U.S. federal |  |  | (931 | ) |  |  | (3,062 | ) |  |  | (2,728 | )
International |  |  | — |  |  |  | — |  |  |  | — |
State |  |  | (5 | ) |  |  | 203 |  |  |  | 66 |
Total Net Interest Related to Income Taxes |  |  | (936 | ) |  |  | (2,859 | ) |  |  | (2,662 | )
Tax Expense Recognized for Unrecognized Tax Benefits (“UTBS”) in the Statement of Operations |  |  |  |  |  |  |  |  |
U.S. federal |  |  | — |  |  |  | — |  |  |  | — |
International |  |  | — |  |  |  | — |  |  |  | — |
State |  |  | 113 |  |  |  | 103 |  |  |  | 573 |
Total Tax Expense Recognized for UTBS in the Statement of Operations |  |  | 113 |  |  |  | 103 |  |  |  | 573 |
Total Income Tax Expense (Benefit) – Continuing Operations |  | $ | (685 | ) |  | $ | 28,820 |  |  | $ | 1,854 |
Reconciliation of Federal Statutory Rate | Reconciliation of the United States federal statutory rate to our effective tax rate from continuing operations for Fiscal 2026 is as follows:
|  |  |  | Effective |
| Fiscal Year |  |  | Income Tax |
($ In thousands) | 2026 |  |  | Rate % |
Earnings from continuing operations before income taxes | $ | 12,591 |  |  | NA |
Statutory U.S. income tax rate |  | 21 | % |  | NA |
Tax expense using statutory U.S. income tax rate |  | 2,644 |  |  |  | 21 | %
State and local income taxes, net of federal income tax effect (1) |  | 508 |  |  |  | 4 | %
Foreign tax effects: |  |  |  |  |
U.K.: |  |  |  |  |
Statutory rate difference between U.K. and U.S. |  | (239 | ) |  |  | (2 | )%
Valuation allowance |  | 511 |  |  |  | 4 | %
Nontaxable branch income |  | (419 | ) |  |  | (3 | )%
Other |  | (373 | ) |  |  | (3 | )%
Subtotal U.K. |  | (520 | ) |  |  | (4 | )%
ROI: |  |  |  |  |
Statutory rate difference between ROI and U.S. |  | 263 |  |  |  | 2 | %
Valuation allowance |  | 416 |  |  |  | 3 | %
Other |  | (14 | ) |  |  | 0 | %
Subtotal ROI |  | 665 |  |  |  | 5 | %
Other foreign jurisdictions |  | (55 | ) |  |  | 0 | %
Total foreign tax effects |  | 90 |  |  |  | 1 | %
Tax credits: |  |  |  |  |
Work opportunity tax credit |  | (938 | ) |  |  | (8 | )%
Changes in valuation allowance |  | (4,061 | ) |  |  | (32 | )%
Nontaxable or nondeductible items: |  |  |  |  |
Limitation on excess compensation |  | 820 |  |  |  | 7 | %
Share-based payment awards |  | 676 |  |  |  | 5 | %
Other |  | 237 |  |  |  | 2 | %
Change in UTBs |  | 113 |  |  |  | 1 | %
Other adjustments: |  |  |  |  |
Interest & penalties - income tax |  | (735 | ) |  |  | (6 | )%
Other |  | (39 | ) |  |  | 0 | %
Income Tax Benefit/Effective Tax Rate | $ | (685 | ) |  |  | (5 | )%
(1)Texas makes up the majority of the state tax effect. Note 11 Income Taxes, Continued Reconciliation of the United States federal statutory rate to our effective tax rate from continuing operations for Fiscal 2025 and Fiscal 2024 is as follows:
|  | Fiscal Year |
|  | 2025 |  |  | 2024 |
U. S. federal statutory rate of tax |  |  | 21.00 | % |  |  | 21.00 | %
State taxes (net of federal tax benefit) |  |  | 1.06 |  |  |  | (0.92 | )
Foreign rate differential |  |  | 1.89 |  |  |  | 0.76 |
Change in valuation allowance |  |  | 305.14 |  |  |  | (33.57 | )
Uncertain tax position |  |  | 1.10 |  |  |  | (2.63 | )
Credits |  |  | (9.83 | ) |  |  | 4.54 |
Global intangible low-tax income |  |  | — |  |  |  | (2.34 | )
Permanent items |  |  | 11.56 |  |  |  | (4.50 | )
IRS interest |  |  | (25.99 | ) |  |  | 9.90 |
Other |  |  | 3.70 |  |  |  | (0.75 | )
Effective Tax Rate |  |  | 309.63 | % |  |  | (8.51 | )%
Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities are comprised of the following:
(In thousands) | January 31, 2026 |  |  | February 1, 2025 |
Pensions | $ | 1,047 |  |  | $ | 738 |
Lease obligation |  | 135,366 |  |  |  | 126,744 |
Book over tax depreciation |  | 13,487 |  |  |  | 14,359 |
Expense accruals |  | 9,201 |  |  |  | 8,509 |
Uniform capitalization costs |  | 8,861 |  |  |  | 8,840 |
Provisions for discontinued operations and restructurings |  | 648 |  |  |  | 723 |
Inventory valuation |  | 1,614 |  |  |  | 1,356 |
Tax net operating loss and credit carryforwards |  | 26,632 |  |  |  | 23,732 |
Allowances for bad debts and notes |  | 373 |  |  |  | 484 |
Deferred compensation and restricted stock |  | 2,559 |  |  |  | 2,694 |
Outside basis difference |  | 381 |  |  |  | 816 |
Identified intangibles |  | 4,942 |  |  |  | 5,414 |
Other |  | 30 |  |  |  | 30 |
Gross deferred tax assets |  | 205,141 |  |  |  | 194,439 |
Deferred tax asset valuation allowance |  | (71,174 | ) |  |  | (72,355 | )
Deferred tax asset net of valuation allowance |  | 133,967 |  |  |  | 122,084 |
Identified intangibles |  | (5,764 | ) |  |  | (5,220 | )
Right of use asset |  | (128,501 | ) |  |  | (119,945 | )
Tax over book depreciation |  | (1,470 | ) |  |  | — |
Other |  | (1,487 | ) |  |  | (993 | )
Gross deferred tax liabilities |  | (137,222 | ) |  |  | (126,158 | )
Net Deferred Tax Liabilities | $ | (3,255 | ) |  | $ | (4,074 | )
Deferred Tax Balances | The deferred tax balances have been classified in our Consolidated Balance Sheets as follows:
|  | As of Fiscal Year Ended |
(In thousands) |  | 2026 |  |  | 2025 |
Net non-current asset |  | $ | 249 |  |  | $ | 389 |
Net non-current liability |  |  | (3,504 | ) |  |  | (4,463 | )
Net Deferred Tax Liabilities |  | $ | (3,255 | ) |  | $ | (4,074 | )
Summary of Benefit Relating to Operating Loss and Credit Carryforwards | The benefit relating to operating loss and credit carryforwards discussed above as of January 31, 2026, consisted of the following:
|  | January 31, 2026 |
(In thousands) |  | Gross Carryforward |  |  | Benefit Amount |  |  | Valuation Allowance |
State operating loss carryforwards |  | $ | 183,934 |  |  | $ | 11,301 |  |  | $ | (11,301 | )
State credit carryforwards |  |  | - |  |  |  | 593 |  |  |  | (593 | )
Foreign tax credit carryforwards |  |  | - |  |  |  | 2,331 |  |  |  | (2,331 | )
U.K. operating loss carryforwards |  |  | 7,982 |  |  |  | 1,995 |  |  |  | - |
ROI operating loss carryforwards |  |  | 12,603 |  |  |  | 1,575 |  |  |  | (1,575 | )
Puerto Rico operating loss carryforwards |  |  | 130 |  |  |  | 49 |  |  |  | - |
Canada operating loss carryforwards |  | $ | 33,501 |  |  |  | 8,788 |  |  |  | (8,788 | )
Total Benefit Amount/Valuation Allowance |  |  |  |  | $ | 26,632 |  |  | $ | (24,588 | )
Reconciliation of Total Amounts of Unrecognized Tax Benefits | The following is a tabular reconciliation of the total amounts of unrecognized tax benefits.
|  | Fiscal Year |
(In thousands) |  | 2026 |  |  | 2025 |  |  | 2024 |
Unrecognized Tax Benefit – Beginning of Period |  | $ | 664 |  |  | $ | 751 |  |  | $ | 178 |
Gross Decreases – Tax Positions in a Prior Period |  |  | — |  |  |  | (144 | ) |  |  | — |
Gross Increases – Tax Positions in a Prior Period |  |  | — |  |  |  | 541 |  |  |  | — |
Gross Increases – Tax Positions in a Current Period |  |  | 62 |  |  |  | 57 |  |  |  | 573 |
Settlements |  |  | — |  |  |  | (541 | ) |  |  | — |
Unrecognized Tax Benefit – End of Period |  | $ | 726 |  |  | $ | 664 |  |  | $ | 751 |

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