XML 41 R27.htm IDEA: XBRL DOCUMENT v3.21.2
Summary of Significant Accounting Policies Update (Policies)
9 Months Ended
Oct. 30, 2021
Accounting Policies [Abstract]  
Income Taxes
Income Taxes
In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”)
2019-12,
“Simplifying the Accounting for Income Taxes,” which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. ASU
2019-12
is effective for fiscal years beginning after December 15, 2020. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. We adopted ASU
2019-12
for the period beginning February 1, 2021. The adoption of this guidance did not have a material impact on our consolidated financial statements and accompanying disclosures.
No other new accounting pronouncements, issued or effective during the nine months of the current year, have had or are expected to have a material impact on our consolidated financial statements.