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INCOME TAXES (Tables)
 12 Months Ended
Feb. 03, 2018
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
Components of Income Taxes

Income (loss) before taxes consisted of:
(in thousands)
Fiscal 2017
 
Fiscal 2016
 
Fiscal 2015
Domestic (1)
$
(12,326
)
 
$
(52,041
)
 
$
8,412

Foreign
67,487

 
48,563

 
46,178

Income (loss) before taxes
$
55,161

 
$
(3,478
)
 
$
54,590


(1) 
Includes intercompany charges to foreign affiliates for management fees, cost-sharing, royalties and interest and excludes a portion of foreign income that is currently includable on the U.S. federal income tax return.
Schedule of Components of Income Tax Expense (Benefit)
Income tax expense (benefit) consisted of:
(in thousands)
Fiscal 2017
 
Fiscal 2016
 
Fiscal 2015
Current:
 
 
 
 
 
Federal
$
(218
)
 
$
(18,888
)
 
$
(3,124
)
State
1,897

 
(74
)
 
(434
)
Foreign
5,472

 
15,633

 
12,120

Total current
$
7,151

 
$
(3,329
)
 
$
8,562

 
 
 
 
 
 
Deferred:
 
 
 
 
 
Federal
$
23,620

 
$
(5,787
)
 
$
9,224

State
1,457

 
(346
)
 
3,297

Foreign
12,408

 
(1,734
)
 
(5,052
)
Total deferred
37,485

 
(7,867
)
 
7,469

Income tax expense (benefit)
$
44,636

 
$
(11,196
)
 
$
16,031
Schedule of Effective Income Tax Rate Reconciliation
Reconciliation between the statutory federal income tax rate and the effective tax rate is as follows:
 
Fiscal 2017 (1)
 
Fiscal 2016 (2)
 
Fiscal 2015
U.S. federal corporate income tax rate
33.7
 %
 
35.0
 %
 
35.0
 %
State income tax, net of U.S. federal income tax effect
3.5

 
5.0

 
4.6

Foreign taxation of non-U.S. operations
(25.8
)
 
248.9

 
(10.2
)
U.S. taxation of non-U.S. operations (3)
17.3

 
(212.6
)
 
20.0

Net change in valuation allowances
1.0

 
(16.5
)
 
(8.7
)
Audit and other adjustments to prior years’ accruals
—

 
(0.1
)
 
(8.7
)
Statutory tax rate and law changes
(0.3
)
 
94.3

 
4.2

Permanent items
3.5

 
91.3

 
(2.6
)
Credit items
(4.2
)
 
11.7

 
(1.0
)
Tax Cuts and Jobs Act of 2017
36.1

 
—

 
—

Tax deficit recognized on share-based compensation expense (4)
19.2

 
—

 
—

Credit for increasing research activities
(2.3
)
 
32.1

 
(1.3
)
Trust-owned life insurance policies (at cash surrender value)
(1.9
)
 
31.0

 
(2.0
)
Other items, net
1.1

 
1.8

 
0.1

Total
80.9
 %
 
321.9
 %
 
29.4
 %

(1) 
On December 22, 2017, the Act was signed into law, which reduced the U.S. federal corporate income tax rate from 35% to 21% resulting in a blended U.S. federal income tax rate of 33.7% based on the applicable tax rates before and after January 1, 2018, and the number of days in Fiscal 2017.
(2) 
Given the low level of income in absolute dollars in Fiscal 2016, effective tax rate reconciling items that may have been considered de minimis in prior years in terms of absolute dollars and on a percentage basis were amplified on a percentage basis in Fiscal 2016 even as the absolute dollar value of the reconciling items were similar to prior years. Accordingly, year over year comparability may be difficult as a result of the amplifying effect of the lower levels of income.
(3) 
U.S. branch operations in Canada and Puerto Rico are subject to tax at the full U.S. tax rates. As a result, income from these operations do not create reconciling items.
(4) 
In Fiscal 2017, the Company adopted new share-based compensation accounting standards and in accordance with this guidance, the Company recognized $10.6 million of discrete non-cash income tax charges in Fiscal 2017 in income tax expense (benefit) on the Consolidated Statements of Operations and Comprehensive Income (Loss). Refer to Note 2, “SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES--Recent Accounting Pronouncements,” for further discussion.
Schedule of Deferred Tax Assets and Liabilities
The effect of temporary differences which gives rise to deferred income tax assets (liabilities) were as follows:
(in thousands)
February 3, 2018
 
January 28, 2017
Deferred income tax assets:
 
 
 
Deferred compensation
$
31,567

 
$
54,552

Accrued expenses and reserves
13,790

 
13,168

Rent
29,594

 
33,917

Net operating losses (NOL), tax credit and other carryforwards
5,256

 
26,812

Investments in subsidiaries
—

 
8,791

Other
1,100

 
3,030

Valuation allowances
(3,508
)
 
(2,429
)
Total deferred income tax assets
$
77,799

 
$
137,841

 
 
 
 
Deferred income tax liabilities:
 
 
 
Property, equipment and intangibles
$
(2,923
)
 
$
(20,177
)
Inventory
(5,206
)
 
(11,955
)
Store supplies
(3,261
)
 
(4,892
)
Prepaid expenses
(1,698
)
 
(3,262
)
Investments in subsidiaries
(2,937
)
 
—

Undistributed profits of non-U.S. subsidiaries
—

 
(5,609
)
Other
(1,532
)
 
(950
)
Total deferred income tax liabilities
(17,557
)
 
(46,845
)
Net deferred income tax assets
$
60,242

 
$
90,996
Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible
The amount of uncertain tax positions as of February 3, 2018, January 28, 2017 and January 30, 2016, which would impact the Company’s effective tax rate if recognized and a reconciliation of the beginning and ending amounts of uncertain tax positions are as follows:
(in thousands)
Fiscal 2017
 
Fiscal 2016
 
Fiscal 2015
Uncertain tax positions, beginning of the year
$
1,239

 
$
2,455

 
$
3,212

Gross addition for tax positions of the current year
148

 
67

 
13

Gross (reduction) addition for tax positions of prior years
(1
)
 
19

 
598

Reductions of tax positions of prior years for:
 
 
 
 
 
Lapses of applicable statutes of limitations
(157
)
 
(1,211
)
 
(986
)
Settlements during the period
(116
)
 
(40
)
 
(64
)
Changes in judgment / excess reserve
—

 
(51
)
 
(318
)
Uncertain tax positions, end of year
$
1,113

 
$
1,239

 
$
2,455