Income Taxes (Tables)

12 Months Ended

Feb. 03, 2018

Income Tax Disclosure [Abstract]

Components of earnings from continuing operations before income taxes

The components of earnings (loss) from continuing operations before income taxes is comprised of the following:

In thousands	2018			2017		2016
United States	$	(105,267	)	$	129,819	$	136,178
Foreign	3,606			21,595		15,355
Total Earnings (Loss) from Continuing Operations before Income Taxes	$	(101,661	)	$	151,414	$	151,533

Income tax expense from continuing operations

Income tax expense from continuing operations is comprised of the following:

In thousands	2018			2017		2016
Current
U.S. federal	$	17,835		$	36,998	$	46,515
International	3,635			5,245		3,542
State	3,883			5,918		8,220
Total Current Income Tax Expense	25,353			48,161		58,277
Deferred
U.S. federal	(8,721		)	2,980		(1,249		)
International	(3,498		)	1,182		868
State	(3,365		)	1,232		(1,744		)
Total Deferred Income Tax Expense (Benefit)	(15,584		)	5,394		(2,125		)
Total Income Tax Expense – Continuing Operations	$	9,769		$	53,555	$	56,152

Deferred tax assets and liabilities

 Deferred tax assets and liabilities are comprised of the following:

	February 3,			January 28,
In thousands	2018			2017
Identified intangibles	$	(4,821	)	$	(31,079	)
Prepaids	(2,226		)	(3,274		)
Convertible bonds	(372		)	(1,196		)
Tax over book depreciation	(6,167		)	(16,241		)
Gross deferred tax liabilities	(13,586		)	(51,790		)
Deferred rent	14,214			18,715
Pensions	562			3,396
Expense accruals	6,896			10,413
Uniform capitalization costs	9,549			16,361
Provisions for discontinued operations and restructurings	1,045			2,179
Inventory valuation	1,798			3,728
Tax net operating loss and credit carryforwards	3,682			2,450
Allowances for bad debts and notes	382			491
Deferred compensation and restricted stock	4,709			7,147
Other	2,177			4,458
Gross deferred tax assets	45,014			69,338
Deferred tax asset valuation allowance	(6,351		)	(4,305		)
Deferred tax asset net of valuation allowance	38,663			65,033
Net Deferred Tax Assets	$	25,077		$	13,243

Deferred tax assets net classification

The deferred tax balances have been classified in the Consolidated Balance Sheets as follows:

	2018		2017
Net non-current asset	$	25,077	$	13,372
Net non-current liability	—		(129		)
Net Deferred Tax Assets	$	25,077	$	13,243

Reconciliation of the United States federal statutory rate to the Company's effective tax rate from continuing operations

Reconciliation of the United States federal statutory rate to the Company’s effective tax rate from continuing operations is as follows:

	2018		2017		2016
U. S. federal statutory rate of tax	33.72	%	35.00	%	35.00	%
State taxes (net of federal tax benefit)	(0.31	)	3.46		2.82
Foreign rate differential	3.37		(2.93	)	(2.60	)
Change in valuation allowance	(1.32	)	0.88		(0.58	)
Impact of statutory rate change	(5.25	)	—		—
Goodwill impairment	(35.69	)	—		—
Permanent items	(2.30	)	1.11		2.19
Uncertain federal, state and foreign tax positions	0.92		(0.90	)	1.23
Transition tax	(4.39	)	—		—
Other	1.64		(1.25	)	(1.00	)
Effective Tax Rate	(9.61	)%	35.37	%	37.06	%

Reconciliation of the total amounts of unrecognized tax benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for Fiscal 2018, 2017 and 2016.

In thousands	2018			2017			2016
Unrecognized Tax Benefit – Beginning of Period	$	5,622		$	14,639		$	3,997
Gross Increases (Decreases) – Tax Positions in a Prior Period	(15		)	(7,585		)	9,328
Gross Increases (Decreases) – Tax Positions in a Current Period	(166		)	491			1,403
Settlements	—			(742		)	—
Lapse of Statutes of Limitations	(1,740		)	(1,181		)	(89		)
Unrecognized Tax Benefit – End of Period	$	3,701		$	5,622		$	14,639