XML 54 R10.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Income Taxes | 12 Months Ended
--- | ---
Feb. 02, 2013
Income Taxes [Abstract] |
Income Taxes | Note 4 — Income Taxes The Company’s income tax expense is computed based on the federal statutory rates and the state statutory rates, net of related federal benefit. Income tax expense consists of the following (in thousands):
|  | 53 Weeks Ended |  |  | 52 Weeks Ended |
|  | February 2, 2013 |  |  | January 28, 2012 |  |  | January 29, 2011 |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 3,753 |  |  | $ | 7,249 |  |  | $ | 10,413 |
State |  |  | (346 | ) |  |  | 2,003 |  |  |  | 2,345 |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 3,278 |  |  |  | 2,772 |  |  |  | 2,547 |
State |  |  | 1,014 |  |  |  | (569 | ) |  |  | 432 |
|  | $ | 7,699 |  |  | $ | 11,455 |  |  | $ | 15,737 |
Income tax expense differs from the amount computed by applying the statutory federal income tax rate to pre-tax income. A reconciliation of income tax expense at the statutory federal income tax rate to the amount provided is as follows (in thousands):
|  | 53 Weeks Ended |  |  | 52 Weeks Ended |
|  | February 2, 2013 |  |  | January 28, 2012 |  |  | January 29, 2011 |
Tax at federal statutory rate |  | $ | 7,550 |  |  | $ | 10,699 |  |  | $ | 14,760 |
State income taxes (net of federal benefit) |  |  | 402 |  |  |  | 773 |  |  |  | 2,042 |
Adjustment to prior year income tax provision |  |  | — |  |  |  | — |  |  |  | (1,025 | )
Tax credits |  |  | (563 | ) |  |  | — |  |  |  | — |
Other |  |  | 310 |  |  |  | (17 | ) |  |  | (40 | )
Income tax expense |  | $ | 7,699 |  |  | $ | 11,455 |  |  | $ | 15,737 |
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):
|  | February 2, 2013 |  |  | January 28, 2012 |
Deferred tax assets: |  |  |  |  |  |  |  |
Accruals |  | $ | 1,909 |  |  | $ | 2,355 |
Inventory valuation |  |  | 186 |  |  |  | 246 |
Deferred rent and other |  |  | 7,971 |  |  |  | 6,664 |
Total deferred tax assets |  |  | 10,066 |  |  |  | 9,265 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation |  |  | (11,060 | ) |  |  | (5,986 | )
Prepaid assets |  |  | (532 | ) |  |  | (514 | )
Total deferred tax liabilities |  |  | (11,592 | ) |  |  | (6,500 | )
Net deferred tax assets (liabilities) |  | $ | (1,526 | ) |  | $ | 2,765 |
Future utilization of the deferred tax assets is evaluated by the Company and any valuation allowance is adjusted accordingly. At February 2, 2013 and January 28, 2012, there was no valuation allowance against the Company’s deferred tax assets. The Company and one or more of its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state and local jurisdictions. The Company is no longer subject to U.S. federal income tax examinations by authorities for years prior to 2008. With few exceptions, the Company is no longer subject to state and local income tax examinations for years prior to 2006. The Company has no ongoing U.S. federal, state or local income tax examinations. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
|  | 53 Weeks Ended |  |  | 52 Weeks Ended |
|  | February 2, 2013 |  |  | January 28, 2012 |
|  | (In thousands) |
Balance at the beginning of the year |  | $ | 712 |  |  | $ | 712 |
Additions based on tax positions related to the current year |  |  | — |  |  |  | — |
Additions for tax positions of prior years |  |  | — |  |  |  | — |
Reductions for tax positions of prior years |  |  | — |  |  |  | — |
Reductions due to settlements |  |  | — |  |  |  | — |
Reductions due to lapse of the statute of limitations |  |  | (405 | ) |  |  | — |
Balance at the end of the year |  | $ | 307 |  |  | $ | 712 |
Included in the February 2, 2013 balance and January 28, 2012 balance is $307,000 and $538,000, respectively, of unrecognized tax benefits that, if recognized, would decrease the Company’s effective tax rate. The Company accrues interest on unrecognized tax benefits as a component of income tax expense. Penalties, if incurred, would be recognized as a component of income tax expense. The Company had $155,000 and $247,000 accrued for the payment of interest and penalties associated with unrecognized tax benefits at February 2, 2013 and January 28, 2012, respectively.

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration