Income taxes (Tables)

12 Months Ended

Jan. 29, 2016

Income taxes

Schedule of provision (benefit) for income taxes

(In thousands)	2015		2014			2013
Current:
Federal	$	590,120	$	543,089		$	530,728
Foreign		1,678		1,245			1,324
State		84,021		81,816			101,174
		675,819		626,150			633,226
Deferred:
Federal		6,410		(7,697	)		(16,132	)
State		5,715		(2,937	)		(13,880	)
		12,125		(10,634	)		(30,012	)
	$	687,944	$	615,516		$	603,214

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

(Dollars in thousands)	2015					2014					2013
U.S. federal statutory rate on earnings before income taxes	$	648,558		35.0	%	$	588,303		35.0	%	$	569,916		35.0	%
State income taxes, net of federal income tax benefit		59,700		3.2			49,819		3.0			56,822		3.5
Jobs credits, net of federal income taxes		(21,366	)	(1.2	)		(18,961	)	(1.1	)		(19,348	)	(1.2	)
Increase (decrease) in valuation allowances		(1,371	)	(0.1	)		1,453		0.1			(437	)	—
Decrease in income tax reserves		(2,037	)	(0.1	)		(6,449	)	(0.4	)		(6,391	)	(0.4	)
Other, net		4,460		0.3			1,351		—			2,652		0.1
	$	687,944		37.1	%	$	615,516		36.6	%	$	603,214		37.0	%

Schedule of deferred tax assets and liabilities

(In thousands)	January 29, 2016			January 30, 2015
Deferred tax assets:
Deferred compensation expense	$	8,200		$	8,842
Accrued expenses		8,139			5,146
Accrued rent		20,793			19,360
Accrued insurance		72,676			76,197
Accrued incentive compensation		19,902			14,866
Share based compensation		17,988			17,623
Interest rate hedges		3,702			4,318
Tax benefit of income tax and interest reserves related to uncertain tax positions		1,371			1,502
Deferred gain on sale-leaseback		22,637			24,385
Other		9,440			3,550
State tax credit carry forwards, net of federal tax		10,711			11,039
		195,559			186,828
Less valuation allowances		(1,474	)		(2,845	)
Total deferred tax assets		194,085			183,983
Deferred tax liabilities:
Property and equipment		(320,619	)		(302,531	)
Inventories		(72,456	)		(73,188	)
Trademarks		(433,548	)		(433,328	)
Other		(7,417	)		(1,794	)
Total deferred tax liabilities		(834,040	)		(810,841	)
Net deferred tax liabilities	$	(639,955	)	$	(626,858	)

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

(In thousands)	2015			2014			2013
Income tax expense (benefit)	$	(2,379	)	$	(9,497	)	$	(3,915	)
Income tax related interest expense (benefit)		(23	)		(1,445	)		590
Income tax related penalty expense (benefit)		373			51			30

Schedule of reconciliation of uncertain income tax positions

(In thousands)	2015			2014			2013
Beginning balance	$	9,343		$	19,583		$	22,237
Increases—tax positions taken in the current year		214			198			3,484
Increases—tax positions taken in prior years		17			62			3,000
Decreases—tax positions taken in prior years		(106	)		(8,636	)		(608	)
Statute expirations		(2,504	)		(1,121	)		(7,622	)
Settlements		—			(743	)		(908	)
Ending balance	$	6,964		$	9,343		$	19,583