Income Taxes (Tables)

12 Months Ended

Feb. 03, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

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

	Fiscal Year Ended
	February 3, 2024 (53-weeks)		January 28, 2023 (52-weeks)		January 29, 2022 (52-weeks)
Federal:
Current	$	21,780	$	26,256	$	37,013
Deferred	2,644		5,888		7,142
	24,424		32,144		44,155
State:
Current	4,066		6,326		9,128
Deferred	1		437		296
	4,067		6,763		9,424
Provision for income taxes	$	28,491	$	38,907	$	53,579

Schedule of Effective Income Tax Rate Reconciliation

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

	Fiscal Year Ended
	February 3, 2024 (53-weeks)		January 28, 2023 (52-weeks)		January 29, 2022 (52-weeks)
Tax provision computed at the federal statutory rate	21.00	%	21.00	%	21.00	%
Effect of state income taxes, net of federal benefits	2.89		3.33		3.50
Excess tax benefits from stock-based compensation	(1.21)		(0.77)		(0.97)
Other, net	(1.07)		(0.26)		(0.02)
	21.61	%	23.30	%	23.51	%

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes on the consolidated balance sheets result from temporary differences between the amount of assets and liabilities recognized for financial reporting and income tax purposes. The components of the deferred income taxes, net, are as follows (in thousands):

	February 3, 2024 (53-weeks)		January 28, 2023 (52-weeks)
Rent	$	83,966	$	75,044
Inventories	3,065		3,581
Accruals	4,302		5,676
Stock-based compensation	2,804		2,595
Other	290		136
Total deferred tax assets	94,427		87,032
Rent	(80,352)		(70,418)
Accumulated depreciation and amortization	(13,052)		(13,067)
Prepaid expenses	(2,797)		(2,680)
Other	(9)		(5)
Total deferred tax liabilities	(96,210)		(86,170)
Deferred income taxes, net	$	(1,783)	$	862

Schedule of Unrecognized Tax Benefits

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

(in thousands):

	February 3, 2024 (53-weeks)		January 28, 2023 (52-weeks)
Unrecognized tax benefits - beginning of year	$	372	$	455
Gross increases - tax positions in prior period	281		76
Gross decreases - tax positions in prior period	(23)		(48)
Lapse of statute of limitations	(114)		(111)
Unrecognized tax benefits - end of year	$	516	$	372