XML 52 R37.htm IDEA: XBRL DOCUMENT v3.19.1
Income taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Feb. 01, 2019
Feb. 02, 2018
Feb. 03, 2017
Current:      
Federal $ 320,361 $ 426,933 $ 613,009
Foreign 159 105 135
State 53,091 79,011 88,990
Total current income taxes 373,611 506,049 702,134
Deferred:      
Federal 48,262 (159,728) 11,053
Foreign (38) (22)  
State 4,109 22,021 1,308
Total deferred income taxes 52,333 (137,729) 12,361
Total provision (benefit) for income taxes 425,944 368,320 714,495
Reconciliation between actual income taxes and amounts computed by applying federal statutory rate      
U.S. federal statutory rate on earnings before income taxes 423,237 643,326 687,969
Impact of tax rate changes (12,222) (310,756)  
State income taxes, net of federal income tax benefit 44,584 61,201 60,168
Jobs credits, net of federal income taxes (27,506) (26,759) (18,952)
Increase (decrease) in valuation allowances, net of federal taxes   4,435 (1,474)
Stock-based compensation programs (3,682) (2,227) (9,915)
Increase (decrease) in income tax reserves 3,952 (1,837) (2,161)
Other, net (2,419) 937 (1,140)
Total provision (benefit) for income taxes $ 425,944 $ 368,320 $ 714,495
Reconciliation between actual income taxes rate and federal statutory rate      
U.S. federal statutory rate on earnings before income taxes (as a percent) 21.00% 33.70% 35.00%
Impact of tax rate changes (as a percent) (0.60%) (16.30%)  
State income taxes, net of federal income tax benefit (as a percent) 2.20% 3.20% 3.10%
Jobs credits, net of federal income taxes (as a percent) (1.40%) (1.40%) (1.00%)
Increase (decrease) in valuation allowances, net of federal taxes (as a percent)   0.20% (0.10%)
Stock-based compensation programs (as a percent) (0.20%) (0.10%) (0.50%)
Increase (decrease) in income tax reserves (as a percent) 0.20% (0.10%) (0.10%)
Other, net (as a percent) (0.10%) 0.10% (0.10%)
Total provision (benefit) for income taxes (as a percent) 21.10% 19.30% 36.30%
Total provisional tax benefit $ 335,000    
Provisional tax benefit after the rate reduction $ 24,200    
Increase in tax rate 1.80%    
Decrease in tax rate   17.00%  
Deferred tax assets:      
Deferred compensation expense $ 6,490 $ 6,522  
Accrued expenses 3,278 3,324  
Accrued rent 22,668 23,418  
Accrued insurance 6,869 8,630  
Accrued incentive compensation 15,219 6,394  
Share based compensation 15,713 13,442  
Interest rate hedges 1,421 1,765  
Tax benefit of income tax and interest reserves related to uncertain tax positions 472 365  
Deferred gain on sale- leaseback 11,649 12,847  
Other 3,942 3,900  
State tax net operating loss carryforwards, net of federal tax 598 602  
State tax credit carry forwards, net of federal tax 8,245 8,350  
Total deferred tax assets, gross 96,564 89,559  
Less valuation allowances, net of federal taxes (4,433) (4,435)  
Total deferred tax assets 92,131 85,124  
Deferred tax liabilities:      
Property and equipment (322,575) (255,215)  
Inventories (56,221) (46,244)  
Trademarks (308,793) (269,820)  
Prepaid insurance (12,639) (22,875)  
Other (1,590) (6,672)  
Total deferred tax liabilities (701,818) (600,826)  
Net deferred tax liabilities (609,687) (515,702)  
State tax credit carryforwards that will expire beginning in 2022 through 2028 8,200    
Apportioned state net operating loss carryforwards that will expire beginning in 2033 through 2039 17,200    
Increase (decrease) in valuation allowance for state tax credit carryforwards     $ (1,500)
Reserve for uncertain tax positions that would impact effective tax rate if recognized 5,000    
Interest accrued related to uncertain tax benefits 800 700  
Potential penalties accrued related to uncertain tax benefits 900 800  
Reserves for uncertain tax benefits included in noncurrent Other liabilities 6,700 2,500  
Income tax amounts associated with uncertain tax positions      
Income tax expense (benefit) 3,919 (2,076) (3,795)
Income tax related interest expense (benefit) 133 (123) (31)
Income tax related penalty expense (benefit) 33 (9) 50
Reconciliation of the uncertain income tax positions      
Beginning Balance 1,041 3,117 6,964
Increases - tax positions taken in the current year 95 66 41
Increases - tax positions taken in prior years 3,914 27 52
Decreases - tax positions taken in prior years     (1,435)
Statute expirations   (2,169) (2,453)
Settlements (90)   (52)
Ending Balance $ 4,960 $ 1,041 $ 3,117