Income Taxes (Tables)

12 Months Ended

Feb. 03, 2024

Income Tax Disclosure [Abstract]

Schedule of (Benefit) Provision for Income Taxes

The (benefit) provision for income taxes consisted of the following:

	Fiscal Year
(in thousands)	2023			2022
Current:
Domestic:
Federal	$	—		$	—
State		514			132
Foreign		29			39
Total current		543			171
Deferred:
Domestic:
Federal		(2,017	)		1,141
State		(2,004	)		1,725
Foreign		—			—
Total deferred		(4,021	)		2,866
Total (benefit) provision for income taxes	$	(3,478	)	$	3,037

Schedule of Reconciliation of Federal Statutory Income Tax Rate to Effective Tax Rate

A reconciliation of the federal statutory income tax rate to the effective tax rate is as follows:

	Fiscal Year
	2023			2022
Statutory federal rate		21.0	%		21.0	%
State taxes, net of federal benefit		12.0	%		5.2	%
NOL Adjustments		6.7	%		0.0	%
Deferred Adjustments		3.6	%		0.0	%
Valuation allowance		(61.3	)%		(33.6	)%
Return to provision adjustment		0.2	%		0.2	%
Non-deductible Officers Compensation		0.3	%		(0.4	)%
Rate Differential on Foreign Income		0.4	%		(0.1	)%
Other		0.1	%		(0.9	)%
Total		(17.0	)%		(8.6	)%

Schedule of Deferred Income Tax Assets and Liabilities

Deferred income tax assets and liabilities consisted of the following:

	February 3,			January 28,
(in thousands)	2024			2023
Deferred tax assets:
Depreciation and amortization	$	2,706		$	4,166
Employee related costs		426			1,049
Allowance for asset valuations		1,664			1,861
Accrued expenses		317			472
Lease liability		22,601			24,326
Net operating losses		122,382			138,702
Tax credits		92			92
Interest expense		5,428			3,348
Other		288			305
Total deferred tax assets		155,904			174,321
Less: valuation allowances		(125,913	)		(138,490	)
Net deferred tax assets		29,991			35,831
Deferred tax liabilities:
Indefinite lived intangibles		(8,584	)		(25,742	)
ROU assets		(19,548	)		(19,023	)
Equity method investment		(6,772	)		—
Total deferred tax liabilities		(34,904	)		(44,765	)
Net deferred tax (liability) asset	$	(4,913	)	$	(8,934	)
Included in:
Deferred income tax asset	$	—		$	—
Deferred income tax liability		(4,913	)		(8,934	)
Net deferred tax liability	$	(4,913	)	$	(8,934	)

Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits, Excluding Interest and Penalties

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, excluding interest and penalties, is as follows:

	Fiscal Year
(in thousands)	2023		2022
Beginning balance	$	556	$	556
Increases for tax positions in current year		—		—
Increases for tax positions in prior years		—		—
Decreases for tax positions in prior years		—		—
Ending balance	$	556	$	556