Income taxes (Tables)

12 Months Ended

Jan. 31, 2014

Income taxes

Schedule of provision (benefit) for income taxes

(In thousands)	2013			2012			2011
Current:
Federal	$	530,728		$	457,370		$	385,277
Foreign		1,324			1,209			1,449
State		101,174			78,025			56,272
		633,226			536,604			442,998
Deferred:
Federal		(16,132	)		9,734			8,313
State		(13,880	)		(1,606	)		7,293
		(30,012	)		8,128			15,606
	$	603,214		$	544,732		$	458,604

Schedule of reconciliation between actual income taxes and amounts computed by applying federal statutory rate to income before income taxes

(Dollars in thousands)	2013					2012					2011
U.S. federal statutory rate on earnings before income taxes	$	569,916		35.0	%	$	524,088		35.0	%	$	428,851		35.0	%
State income taxes, net of federal income tax benefit		56,822		3.5			52,713		3.5			42,774		3.5
Jobs credits, net of federal income taxes		(19,348	)	(1.2	)		(16,062	)	(1.1	)		(15,153	)	(1.2	)
Reduction in valuation allowances		(437	)	—			(3,050	)	(0.2	)		(2,202	)	(0.2	)
Reduction in income tax reserves		(6,391	)	(0.4	)		(13,676	)	(0.9	)		—		—
Other, net		2,652		0.1			719		0.1			4,334		0.3
	$	603,214		37.0	%	$	544,732		36.4	%	$	458,604		37.4	%

Schedule of deferred tax assets and liabilities

(In thousands)	January 31, 2014			February 1, 2013
Deferred tax assets:
Deferred compensation expense	$	8,666		$	9,276
Accrued expenses and other		9,067			5,727
Accrued rent		17,375			15,450
Accrued insurance		78,557			72,442
Accrued incentive compensation		3,385			15,399
Interest rate hedges		4,921			1,883
Tax benefit of income tax and interest reserves related to uncertain tax positions		3,439			2,696
Deferred gain on sale-leaseback		26,186			—
Other		15,094			13,914
State tax net operating loss carry forwards, net of federal tax		282			645
State tax credit carry forwards, net of federal tax		8,282			8,925
		175,254			146,357
Less valuation allowances		(1,393	)		(1,830	)
Total deferred tax assets		173,861			144,527
Deferred tax liabilities:
Property and equipment		(307,644	)		(294,204	)
Inventories		(64,481	)		(67,246	)
Trademarks		(433,130	)		(435,529	)
Amortizable assets		(2,343	)		(6,809	)
Bonus related tax method change		—			(6,534	)
Other		(2,084	)		(4,498	)
Total deferred tax liabilities		(809,682	)		(814,820	)
Net deferred tax liabilities	$	(635,821	)	$	(670,293	)

Schedule of net deferred tax liabilities as recorded in the consolidated balance sheets

(In thousands)	January 31, 2014			February 1, 2013
Current deferred income tax liabilities, net	$	(21,795	)	$	(23,223	)
Noncurrent deferred income tax liabilities, net		(614,026	)		(647,070	)
Net deferred tax liabilities	$	(635,821	)	$	(670,293	)

Summary of amounts associated with uncertain tax positions included in income tax expense

(In thousands)	2013			2012			2011
Income tax expense (benefit)	$	(3,915	)	$	(16,119	)	$	97
Income tax related interest expense (benefit)		590			344			968
Income tax related penalty expense (benefit)		30			(200	)		63

Schedule of reconciliation of uncertain income tax positions

(In thousands)	2013			2012			2011
Beginning balance	$	22,237		$	42,018		$	26,429
Increases—tax positions taken in the current year		3,484			2,114			125
Increases—tax positions taken in prior years		3,000			1,144			15,840
Decreases—tax positions taken in prior years		(608	)		(22,669	)		—
Statute expirations		(7,622	)		(166	)		(376	)
Settlements		(908	)		(204	)		—
Ending balance	$	19,583		$	22,237		$	42,018