INCOME TAXES (Tables)

12 Months Ended

Jan. 28, 2017

INCOME TAXES [Abstract]

Components of provision for income taxes

A summary of the components of the provision/(benefit) for income taxes is as follows (in thousands):

	Fiscal Year Ended
	January 28, 2017		January 30, 2016		January 31, 2015
Federal:
Current	$	31,007	$	36,053	$	35,013
Deferred		1,359		1,188		4,059
		32,366		37,241		39,072
State:
Current		3,042		3,743		4,756
Deferred		13		200		441
		3,055		3,943		5,197
Provision for income taxes	$	35,421	$	41,184	$	44,269

Reconciliation of statutory federal income tax rate

A reconciliation of the statutory federal income tax rate to the effective tax rate as a percentage of income before provision for income taxes follows:

	Fiscal Year Ended
	January 28, 2017			January 30, 2016			January 31, 2015
Tax provision computed at the federal statutory rate		35.00	%		35.00	%		35.00	%
Effect of state income taxes, net of federal benefits		2.22			2.40			2.85
Other, net		(0.51	)		(0.53	)		(0.29	)
		36.71	%		36.87	%		37.56	%

Components of deferred income tax assets, net

The components of the deferred income taxes, net, are as follows (in thousands):

	January 28, 2017			January 30, 2016
Deferred rent	$	10,298		$	8,769
Inventories		4,953			4,920
Accruals		5,709			4,900
Stock-based compensation		4,974			4,755
Other		150			59
Total deferred tax assets		26,084			23,403
Accumulated depreciation and amortization		(19,735	)		(15,723	)
Prepaid expenses		(836	)		(681	)
Accruals		-			(44	)
State taxes		(228	)		(298	)
Total deferred tax liabilities		(20,799	)		(16,746	)
Deferred income taxes, net	$	5,285		$	6,657

Reconciliation of unrecognized tax benefit

A reconciliation of the unrecognized tax benefit, excluding estimated interest and penalties, under ASC Subtopic 740-10 follows (in thousands):

	Fiscal Year Ended
	January 28, 2017			January 30, 2016			January 31, 2015
Unrecognized tax benefits - beginning of year	$	1,242		$	1,339		$	1,539
Gross increases - tax positions in prior period		158			90			122
Gross decreases - tax positions in prior period		(26	)		(39	)		(168	)
Gross increases - tax positions in current period		121			122			162
Settlements		-			-			(119	)
Lapse of statute of limitations		(228	)		(270	)		(197	)
Unrecognized tax benefits - end of year	$	1,267		$	1,242		$	1,339