Income Taxes (Tables)

12 Months Ended

Jan. 28, 2017

Summary of the entity's distribution between domestic and foreign earnings (loss) from continuing operations before income taxes and the provision (benefit) for income taxes related to continuing operations

The following table summarizes our distribution between domestic and foreign earnings (loss) before income taxes and the provision (benefit) for income taxes (in thousands):



	Fiscal 2016			Fiscal 2015			Fiscal 2014
Earnings from continuing operations before income taxes:
Domestic	$	84,843		$	96,512		$	94,607
Foreign	1,620			(1,456		)	(5,024		)
Earnings from continuing operations before income taxes	$	86,463		$	95,056		$	89,583

Income taxes:
Current:
Federal	$	19,704		$	33,205		$	33,552
State	4,475			4,789			4,865
Foreign	599			138			516
	24,778			38,132			38,933
Deferred—primarily Federal	8,108			(1,508		)	(3,071		)
Deferred—Foreign	(922		)	(105		)	(76		)
Income taxes	$	31,964		$	36,519		$	35,786

Schedule of reconciliations of the United States federal statutory income tax rates and the entity's effective tax rates

Reconciliations of the United States federal statutory income tax rates and our effective tax rates are summarized as follows:



	Fiscal 2016		Fiscal 2015		Fiscal 2014
Statutory tax rate	35.0	%	35.0	%	35.0	%
State income taxes—net of federal income tax benefit	3.8	%	3.3	%	3.0	%
Impact of foreign operations rate differential (1)	(0.4	)%	0.6	%	1.1	%
Valuation allowance against foreign losses and other carry-forwards (2)	(0.6	)%	0.3	%	0.8	%
Other, net	(0.8	)%	(0.8	)%	—	%
Effective tax rate for continuing operations	37.0	%	38.4	%	39.9	%

(1) Impact of foreign operations rate differential primarily reflects the rate differential between the United States and the respective foreign jurisdictions for any foreign income or losses, and the impact of any permanent differences.

(2) Valuation allowance against foreign losses and other carry-forwards primarily reflects the valuation allowance recorded due to our inability to recognize an income tax benefit related to certain operating loss carry-forwards and deferred tax assets during the period. The benefit in Fiscal 2016 was due to the utilization of certain operating loss carryforward benefits against current year earnings and changes in our assessment of the likelihood of recognition of certain foreign operating loss carryforwards.

Schedule of deferred tax assets and liabilities included in the entity's consolidated balance sheets

Deferred tax assets and liabilities included in our consolidated balance sheets are comprised of the following (in thousands):



	January 28, 2017			January 30, 2016
Deferred Tax Assets:
Inventories	$	14,886		$	16,610
Accrued compensation and benefits	11,817			14,287
Receivable allowances and reserves	2,561			2,601
Deferred rent and lease obligations	6,671			5,981
Operating loss and other carry-forwards	3,691			3,455
Other, net	3,960			2,559
Deferred tax assets	43,586			45,493
Deferred Tax Liabilities:
Depreciation and amortization	(5,360		)	(2,689		)
Acquired intangible assets	(46,524		)	(41,683		)
Deferred tax liabilities	(51,884		)	(44,372		)
Valuation allowance	(4,115		)	(4,553		)
Net deferred tax liability	$	(12,413	)	$	(3,432	)

Schedule of deferred income taxes included in the line items in the entity's consolidated balance sheets

The amounts of deferred income taxes included in the following line items in our consolidated balance sheets are as follows (in thousands):



	January 28, 2017			January 30, 2016
Assets:
Deferred tax assets	$	1,165		$	225
Liabilities:
Deferred tax liabilities	(13,578		)	(3,657		)
Net deferred tax liability	$	(12,413	)	$	(3,432	)