Income Taxes (Tables)

12 Months Ended

Jan. 30, 2016

Income Tax Disclosure [Abstract]

Components of Net Deferred Tax Assets

The components of the net deferred tax assets as of January 30, 2016 and January 31, 2015 are as follows (in thousands):

	January 30, 2016			January 31, 2015
Deferred tax assets:
Net operating loss carryforward	$	50,199		$	46,048
Gain on sale-leaseback		5,744			6,319
Accrued Expenses and other		5,667			5,035
Lease accruals		4,732			5,257
Goodwill and intangibles		3,694			5,768
Unrecognized loss on pension and pension expense		3,379			3,840
Capital loss carryforward		3,021			3,021
Inventory reserves		2,561			2,602
Alternative minimum tax credit carryforward		2,292			2,292
Foreign tax credit carryforward		963			907
Federal wage tax credit carryforward		521			361
Unrecognized loss on foreign exchange		234			196
State tax credits		102			95
Excess of tax over book depreciation/amortization		(19,977	)		(21,170	)
Subtotal	$	63,132		$	60,571
Valuation allowance (1)		(63,132	)		(60,571	)
Net deferred tax assets	$	—		$	—
Deferred tax liabilities:
Goodwill and intangibles	$	(196	)	$	(91	)
Deferred tax liabilities	$	(196	)	$	(91	)

(1) For fiscal 2015, the Company had total deferred tax assets of $83.1 million, total deferred tax liabilities of $20.2 million and a valuation allowance of $63.1 million.

Provision for Income Taxes from Continuing Operations

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

	FISCAL YEARS ENDED
	January 30, 2016		January 31, 2015		February 1, 2014
(in thousands)
Current:
Federal and state	$	104	$	97	$	77
Foreign		51		55		66
		155		152		143
Deferred:
Federal and state		94		91		45,518
Foreign		11		—		—
		105		91		45,518
Total provision (2)	$	260	$	243	$	45,661

(2) There was no provision (benefit) recognized on the income (loss) from discontinued operations for fiscal 2014 or fiscal 2013.

Reconciliation between Statutory and Effective Income Tax Rates

The following is a reconciliation between the statutory and effective income tax rates in dollars for the provision for income tax from continuing operations:

	FISCAL YEARS ENDED
	January 30, 2016			January 31, 2015			February 1, 2014
(in thousands)
Federal income tax at the statutory rate	$	(2,852	)	$	(3,827	)	$	(5,108	)
State income and other taxes, net of federal tax benefit		(177	)		(72	)		(810	)
Permanent items		137			141			171
Change in uncertain tax provisions		—			—			—
Charge for valuation allowance		3,200			4,034			52,463
Other, net		(48	)		(33	)		(1,055	)
Provision for income tax from continuing operations	$	260		$	243		$	45,661