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Income Taxes (Tables) | 12 Months Ended
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Feb. 01, 2025
Income Tax Disclosure [Abstract] |
Provision for Income Taxes | For the fiscal years ended February 1, 2025, February 3, 2024, and January 28, 2023, the income tax provision consisted of the following:
|  | February 1, |  |  | February 3, |  |  | January 28, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 21 |  |  | $ | 203 |  |  | $ | 6,853 |
State |  |  | 328 |  |  |  | 643 |  |  |  | 2,737 |
Total current |  |  | 349 |  |  |  | 846 |  |  |  | 9,590 |
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  | (809 | ) |  |  | (8,251 | ) |  |  | 3,602 |
State |  |  | 2,390 |  |  |  | (1,804 | ) |  |  | 158 |
Total deferred |  |  | 1,581 |  |  |  | (10,055 | ) |  |  | 3,760 |
Total income tax provision |  | $ | 1,930 |  |  | $ | (9,209 | ) |  | $ | 13,350 |
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 1, |  | February 3, |  | January 28, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Federal statutory rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
State tax, net of federal benefit |  |  | (6.9 | ) |  |  | 4.1 |  |  |  | 4.1 |
Permanent items |  |  | (2.2 | ) |  |  | (2.4 | ) |  |  | 1.1 |
Tax credits |  |  | 1.0 |  |  |  | 2.4 |  |  |  | (1.7 | )
Valuation allowance |  |  | (18.3 | ) |  |  | — |  |  |  | — |
Other items |  |  | (0.8 | ) |  |  | (1.0 | ) |  |  | 0.3 |
Effective income tax rate |  |  | (6.2 | )% |  |  | 24.1 | % |  |  | 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 1, 2025 and February 3, 2024, respectively, are presented below:
|  | February 1, |  |  | February 3, |
|  | 2025 |  |  | 2024 |
Deferred tax assets: |  |  |  |  |  |
Accrued liabilities |  | $ | 268 |  |  | $ | 555 |
Operating lease liability |  |  | 89,494 |  |  |  | 89,279 |
Gift card liability |  |  | 3,191 |  |  |  | 2,622 |
Goodwill |  |  | 425 |  |  |  | 507 |
Intangible asset |  |  | 490 |  |  |  | 635 |
Inventories |  |  | 3,021 |  |  |  | 3,322 |
Sales return reserve |  |  | 214 |  |  |  | 205 |
Stock-based compensation |  |  | 726 |  |  |  | 778 |
Tax credits |  |  | 1,120 |  |  |  | 791 |
Net operating losses |  |  | 11,136 |  |  |  | 15,474 |
Section 163j |  |  | 5,910 |  |  |  | — |
Loyalty program |  |  | 654 |  |  |  | 1,089 |
Total gross deferred tax assets |  |  | 116,649 |  |  |  | 115,257 |
Less: Valuation allowance |  |  | (10,082 | ) |  | $ | — |
Deferred tax assets, net of valuation allowance |  | $ | 106,567 |  |  | $ | 115,257 |
Deferred tax liabilities: |  |  |  |  |  |
Depreciation |  | $ | (28,676 | ) |  | $ | (35,872 | )
ROU asset |  |  | (77,701 | ) |  |  | (77,654 | )
Prepaid expenses |  |  | (1,330 | ) |  |  | (1,226 | )
Total gross deferred tax liabilities |  |  | (107,707 | ) |  |  | (114,752 | )
Net deferred tax (liability) asset |  | $ | (1,140 | ) |  | $ | 505 |

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