Income Taxes

6 Months Ended

Jul. 28, 2012

Income Taxes [Abstract]

INCOME TAXES

11. INCOME TAXES

The provision for income taxes is based on the current estimate of the annual effective tax rate adjusted to reflect the impact of discrete items.The effective tax rates from continuing operations for the thirteen weeks ended July 28, 2012 and July 30, 2011 was38.9% and30.7%, respectively. The effective tax rates from continuing operations for the twenty-six weeks ended July 28, 2012 and July 30, 2011 was39.6% and33.0%, respectively. Tax expense for the thirteen weeks ended July 28, 2012 included $0.9 million of benefit to correct deferred tax assets established during the thirteen weeks ended January 28, 2012. The Company does not believe this correction was material to the periods affected.

Cash payments of income taxes made during the thirteen weeks ended July 28, 2012 and July 30, 2011 were approximately $9.6 million and $34.3 million, respectively. Cash payments of income taxes made during the twenty-six weeks ended July 28, 2012 and July 30, 2011 were approximately $79.7million and $101.6million, respectively.