XML 34 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes (Details) (USD $)
3 Months Ended 12 Months Ended
Feb. 02, 2013
Oct. 27, 2012
Jul. 28, 2012
Apr. 28, 2012
Jan. 28, 2012
Oct. 29, 2011
Jul. 30, 2011
Apr. 30, 2011
Feb. 02, 2013
item
Jan. 28, 2012
Jan. 29, 2011
Current:                      
Federal                 $ 70,000 $ (6,809,000) $ 9,304,000
State                 313,000 (863,000) 1,340,000
Total current                 383,000 (7,672,000) 10,644,000
Deferred:                      
Federal                 (2,281,000) (499,000) 429,000
State                 (618,000) 355,000 (331,000)
Total deferred                 (2,899,000) (144,000) 98,000
Income tax (benefit) expense (780,000) (2,869,000) (4,628,000) 5,761,000 (3,834,000) (5,246,000) (5,106,000) 6,370,000 (2,516,000) (7,816,000) 10,742,000
Reconciliation of income tax (benefit) expense computed using the federal statutory rate to the reported income tax (benefit) expense                      
Statutory rate applied to (loss) income before income taxes                 (1,659,000) (6,241,000) 11,058,000
State income taxes, net of federal benefit                 (182,000) (684,000) 1,191,000
State tax credits                 (106,000) (342,000) (443,000)
State tax credits - valuation allowance (net of federal benefit)                   810,000  
Tax exempt interest                 (7,000) (9,000) (37,000)
General business credits                 (691,000) (1,477,000) (987,000)
Other                 129,000 127,000 (40,000)
Income tax (benefit) expense (780,000) (2,869,000) (4,628,000) 5,761,000 (3,834,000) (5,246,000) (5,106,000) 6,370,000 (2,516,000) (7,816,000) 10,742,000
Deferred tax assets:                      
Deferred rent amortization 1,773,000       1,980,000       1,773,000 1,980,000  
Inventory capitalization 2,628,000       1,898,000       2,628,000 1,898,000  
Federal jobs credits 1,438,000               1,438,000    
Vacation liability 850,000       736,000       850,000 736,000  
State tax credits 1,528,000       1,421,000       1,528,000 1,421,000  
Stock compensation 1,204,000       1,197,000       1,204,000 1,197,000  
Legal expense reserve 604,000               604,000    
Insurance liabilities 803,000       681,000       803,000 681,000  
Other 486,000       455,000       486,000 455,000  
Subtotal deferred tax assets 11,314,000       8,368,000       11,314,000 8,368,000  
Less: State tax credits valuation allowance - net (810,000)       (810,000)       (810,000) (810,000)  
Total deferred tax assets 10,504,000       7,558,000       10,504,000 7,558,000  
Deferred tax liabilities:                      
Book and tax depreciation differences (232,000)       (214,000)       (232,000) (214,000)  
Prepaid expenses (321,000)       (292,000)       (321,000) (292,000)  
Total deferred tax liabilities (553,000)       (506,000)       (553,000) (506,000)  
Net deferred tax asset 9,951,000       7,052,000       9,951,000 7,052,000  
Benefits that do not qualify for financial statement recognition 0               0    
Number of states in which ability to utilize tax credits is no longer more likely than not                 1    
Valuation allowance $ 500,000               $ 500,000    
Credits carry back period                 2 years    
Credits carry forward period                 20 years    
Number of prior years income tax returns planned to be amended                 2