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Income Taxes (Tables) | 12 Months Ended
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Feb. 01, 2020
Income Tax Disclosure [Abstract] |
Components of Net Deferred Tax Assets | The components of the net deferred tax assets as of February 1, 2020 and February 2, 2019 were as follows (in thousands):
|  | February 1, 2020 |  |  | February 2, 2019 |
Deferred tax assets, net: |  |  |  |  |  |  |  |
Net operating loss carryforward |  | $ | 40,921 |  |  | $ | 39,804 |
Gain on sale-leaseback |  |  | — |  |  |  | 2,657 |
Accrued expenses and other |  |  | 1,630 |  |  |  | 2,813 |
Operating lease liabilities |  |  | 57,419 |  |  |  | 1,598 |
Goodwill and intangibles |  |  | 236 |  |  |  | 510 |
Unrecognized loss on pension and pension expense |  |  | 2,156 |  |  |  | 1,897 |
Inventory reserves |  |  | 960 |  |  |  | 1,414 |
Foreign tax credit carryforward |  |  | 486 |  |  |  | 766 |
Federal wage tax credit carryforward |  |  | 824 |  |  |  | 824 |
Unrecognized loss on foreign exchange |  |  | — |  |  |  | 186 |
State tax credits |  |  | 147 |  |  |  | 147 |
Operating lease right-of-use assets |  |  | (48,018 | ) |  |  | — |
Property and equipment |  |  | (9,205 | ) |  |  | (4,073 | )
Subtotal |  | $ | 47,556 |  |  | $ | 48,543 |
Valuation allowance |  |  | (47,556 | ) |  |  | (48,543 | )
Net deferred tax assets |  | $ | — |  |  | $ | — |
Provision (Benefit) for Income Taxes | The provision (benefit) for income taxes consisted of the following:
|  | FISCAL YEARS ENDED |
|  | February 1, 2020 |  |  | February 2, 2019 |  |  | February 3, 2018 |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | — |  |  | $ | (151 | ) |  | $ | — |
State |  |  | 97 |  |  |  | 93 |  |  | $ | (109 | )
Foreign |  |  | 8 |  |  |  | 8 |  |  |  | (100 | )
|  |  | 105 |  |  |  | (50 | ) |  |  | (209 | )
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | — |  |  |  | — |  |  |  | (2,339 | )
State |  |  | — |  |  |  | — |  |  |  | (24 | )
Foreign |  |  | — |  |  |  | — |  |  |  | — |
|  |  | — |  |  |  | — |  |  |  | (2,363 | )
Total provision (benefit) |  | $ | 105 |  |  | $ | (50 | ) |  | $ | (2,572 | )
Reconciliation between Statutory and Effective Income Tax Rates | The following is a reconciliation between the statutory and effective income tax rates in dollars for the provision (benefit) for income tax:
|  | FISCAL YEARS ENDED |
|  | February 1, 2020 |  |  | February 2, 2019 |  |  | February 3, 2018 |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Federal income tax at the statutory rate (1) |  | $ | (1,615 | ) |  | $ | (2,852 | ) |  | $ | (7,215 | )
State income and other taxes, net of federal tax benefit |  |  | 77 |  |  |  | 66 |  |  |  | (407 | )
Federal rate change on deferred assets (2) |  |  | — |  |  |  | — |  |  |  | 22,796 |
Federal rate change on valuation allowance (2) |  |  | — |  |  |  | — |  |  |  | (22,796 | )
Section 162(m) limitation |  |  | 541 |  |  |  | 183 |  |  |  | 45 |
Permanent items |  |  | 277 |  |  |  | 170 |  |  |  | 518 |
Expiration of capital loss carryforward |  |  | — |  |  |  | 1,618 |  |  |  | — |
Charge for valuation allowance (3) |  |  | 850 |  |  |  | 992 |  |  |  | 7,249 |
Refundable AMT credit |  |  | — |  |  |  | (151 | ) |  |  | (2,141 | )
Other, net |  |  | (25 | ) |  |  | (76 | ) |  |  | (621 | )
Total provision (benefit) |  | $ | 105 |  |  | $ | (50 | ) |  | $ | (2,572 | )
(1) | The federal income tax at the statutory rate for fiscal 2017 reflects a blended rate of 33.72%, based on the statutory rate decreasing from 35% to 21% on January 1, 2018. The statutory rate for fiscal 2018 and fiscal 2019 is 21%.
(2) | This represents the federal rate change impact as of the end of fiscal 2017. The rate change impact on deferred assets and valuation allowance as a result of the 2017 Tax Act was $22.8 million.
(3) | The change in valuation allowance is impacted by the adoption of ASC 842 in the tax-effected amount of $1.4 million.

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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