Income Taxes (Tables)

12 Months Ended

Jan. 28, 2017

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes from continuing operations was comprised of the following:



(In thousands)	2016			2015			2014
Current:
U.S. Federal	$	87,522		$	73,421		$	74,235
U.S. State and local	13,124			10,660			12,840
Total current tax expense	100,646			84,081			87,075
Deferred:
U.S. Federal	(7,979		)	56			(2,022		)
U.S. State and local	(1,209		)	(295		)	186
Total deferred tax expense	(9,188		)	(239		)	(1,836		)
Income tax provision	$	91,458		$	83,842		$	85,239

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Reconciliation between the statutory federal income tax rate and the effective income tax rate for continuing operations was as follows:



	2016		2015		2014
Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
Effect of:
State and local income taxes, net of federal tax benefit	3.2		3.0		3.8
Work opportunity tax and other employment tax credits	(1.1	)	(1.1	)	(0.7	)
Valuation allowance	—		—		—
Other, net	0.4		0.1		0.3
Effective income tax rate	37.5	%	37.0	%	38.4	%

Schedule of Income Taxes Paid [Table Text Block]

Income tax payments and refunds were as follows:



(In thousands)	2016			2015			2014
Income taxes paid	$	103,323		$	56,158		$	69,919
Income taxes refunded	(16,187		)	(818		)	(135		)
Net income taxes paid	$	87,136		$	55,340		$	69,784

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of our deferred tax assets and liabilities were as follows:



(In thousands)	January 28, 2017			January 30, 2016
Deferred tax assets:
Compensation related	$	39,616		$	31,478
Workers’ compensation and other insurance reserves	32,194			33,531
Accrued rent	22,259			23,540
Uniform inventory capitalization	18,648			18,488
Depreciation and fixed asset basis differences	10,095			10,523
Accrued state taxes	7,157			7,119
State tax credits, net of federal tax benefit	3,844			4,253
Accrued operating liabilities	2,056			2,189
Pension plans	—			7,815
Other	17,138			19,775
Valuation allowances	(2,087		)	(2,419		)
Total deferred tax assets	150,920			156,292
Deferred tax liabilities:
Accelerated depreciation and fixed asset basis differences	71,155			70,698
Lease construction reimbursements	15,682			15,602
Prepaid expenses	6,553			6,625
Workers’ compensation and other insurance reserves	3,482			4,329
Other	7,579			11,299
Total deferred tax liabilities	104,451			108,553
Net deferred tax assets	$	46,469		$	47,739

Summary of Tax Credit Carryforwards [Table Text Block]

We have the following income tax loss and credit carryforwards at January 28, 2017 (amounts are shown net of tax excluding the federal income tax effect of the state and local items):



(In thousands)
U.S. State and local:
State net operating loss carryforwards	$	39	Expires fiscal years 2020 through 2025
California enterprise zone credits	5,611		Predominately expires fiscal year 2023
Other state credits	302		Expires fiscal years through 2025
Total income tax loss and credit carryforwards	$	5,952

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for 2016, 2015, and 2014:



(In thousands)	2016			2015			2014
Unrecognized tax benefits - beginning of year	$	13,772		$	14,922		$	16,650
Gross increases - tax positions in current year	822			939			898
Gross increases - tax positions in prior period	171			872			820
Gross decreases - tax positions in prior period	(80		)	(430		)	(2,418		)
Settlements	(236		)	(732		)	(488		)
Lapse of statute of limitations	(1,328		)	(1,799		)	(566		)
Foreign currency translation	—			—			26
Unrecognized tax benefits - end of year	$	13,121		$	13,772		$	14,922