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Income Taxes (Tables)

12 Months Ended

Feb. 03, 2024

Income Tax Disclosure [Abstract]

Provision for Income Taxes

For the fiscal years ended February 3, 2024, January 28, 2023, and January 29, 2022, the income tax provision consisted of the following:

		February 3,				January 28,				January 29,
		2024				2023				2022
Current:
Federal		$	203			$	6,853			$	23,107
State			643				2,737				7,312
Total current			846				9,590				30,419
Deferred:
Federal			(8,251	)			3,602				5,133
State			(1,804	)			158				217
Total deferred			(10,055	)			3,760				5,350
Total income tax provision		$	(9,209	)		$	13,350			$	35,769

Schedule of Federal Statutory Tax Rate

The provision for income taxes differs from the amounts computed by applying the federal statutory rate as follows for the following periods:

	February 3,				January 28,				January 29,
		2024				2023				2022
Federal statutory rate			21.0	%			21.0	%			21.0	%
State tax, net of federal benefit			4.1				4.1				4.1
Permanent items			(2.4	)			1.1				0.1
Tax Credits			2.4				(1.7	)			(0.6	)
Other items			(1.0	)			0.3				0.2
Effective income tax rate			24.1	%			24.8	%			24.8	%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at February 3, 2024 and January 28, 2023, respectively, are presented below:

		February 3,				January 28,
		2024				2023
Deferred tax assets:
Accrued liabilities		$	555			$	928
Operating lease liability			89,279				76,792
Gift card liability			2,622				1,992
Goodwill			507				589
Intangible asset			635				781
Inventories			3,322				3,109
Sales return reserve			205				241
Stock-based compensation			778				993
Tax credits			791				—
Net operating losses			15,474				—
Loyalty program			1,089				1,351
Total gross deferred tax assets		$	115,257			$	86,776
Deferred tax liabilities:
Depreciation		$	(35,872	)		$	(27,742	)
ROU asset			(77,654	)			(67,417	)
Prepaid expenses			(1,226	)			(1,161	)
Total gross deferred tax liabilities			(114,752	)			(96,320	)
Net deferred tax asset		$	505			$	(9,544	)

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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.

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-Topic 740
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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.

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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.

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