Income Taxes (Tables)

12 Months Ended

Feb. 03, 2013

Schedule Of Components Of Earnings Before Income Taxes, By Tax Jurisdiction

The components of earnings before income taxes, by tax jurisdiction, are as follows:

	Fiscal Year Ended
Dollars in thousands	Feb. 3, 2013 (53 Weeks)		Jan. 29, 2012 (52 Weeks)		Jan. 30, 2011 (52 Weeks)
United States	$	401,542	$	367,620	$	308,033
Foreign		8,414		14,210		15,027
Total earnings before income taxes	$	409,956	$	381,830	$	323,060

Schedule Of Components Of Provision For Income Taxes

The provision for income taxes consists of the following:

	Fiscal Year Ended
Dollars in thousands	Feb. 3, 2013 (53 Weeks)			Jan. 29, 2012 (52 Weeks)			Jan. 30, 2011 (52 Weeks)
Current
Federal	$	136,742		$	104,370		$	79,719
State		22,072			22,275			15,576
Foreign		3,441			4,044			3,972
Total current		162,255			130,689			99,267
Deferred
Federal		(7,827	)		15,650			20,429
State		(1,202	)		(1,427	)		3,047
Foreign		(0	)		(13	)		90
Total deferred		(9,029	)		14,210			23,566
Total provision	$	153,226		$	144,899		$	122,833

Schedule Of Reconciliation Of Income Taxes At Federal Statutory Corporate Rate To Effective Rate

A reconciliation of income taxes at the federal statutory corporate rate to the effective rate is as follows:

	Fiscal Year Ended
	Feb. 3, 2013 (53 Weeks)			Jan. 29, 2012 (52 Weeks)			Jan. 30, 2011 (52 Weeks)
Federal income taxes at the statutory rate		35.0%			35.0%			35.0%
State income tax rate		3.3%			3.5%			3.8%
Other		(0.9%	)		(0.6%	)		(0.8%	)
Effective tax rate		37.4%			37.9%			38.0%

Schedule Of Components Of Deferred Tax Accounts

Significant components of our deferred tax accounts are as follows:

Dollars in thousands	Feb. 3, 2013			Jan. 29, 2012
Current:
Compensation	$	9,255		$	8,638
Merchandise inventories		23,413			21,923
Accrued liabilities		19,462			15,438
Customer deposits		55,321			53,638
Prepaid catalog expenses		(13,971	)		(12,869	)
Other		6,284			4,976
Total current		99,764			91,744
Non-current:
Depreciation		(11,142	)		(9,008	)
Deferred rent		16,205			15,824
Deferred lease incentives		(29,931	)		(28,353	)
Stock-based compensation		23,245			20,211
Executive deferral plan		4,562			4,563
Uncertainties		3,907			4,856
Other		5,552			4,289
Total non-current		12,398			12,382
Total deferred tax assets, net	$	112,162		$	104,126

Summary Of Activity Related To Gross Unrecognized Tax Benefits

The following table summarizes the activity related to our gross unrecognized tax benefits:

Dollars in thousands	Feb. 3, 2013			Jan. 29, 2012			Jan. 30, 2011
Balance at beginning of year	$	10,023		$	11,619		$	15,866
Increases related to current year tax positions		2,188			1,329			821
Increases related to prior years’ tax positions		936			379			0
Decreases related to prior years’ tax positions		(171	)		(370	)		(560	)
Settlements		(1,069	)		(2,070	)		(1,701	)
Lapses in statute of limitations		(2,917	)		(864	)		(2,807	)
Balance at end of year	$	8,990		$	10,023		$	11,619