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INCOME TAXES (Tables)
12 Months Ended
Jan. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of components of income tax provision

Year Ended January 31,

    

2022

    

2021

    

2020

(In thousands)

Current

Federal

$

39,283

$

(15,828)

$

22,471

State and city

4,484

(491)

4,856

Foreign

5,991

3,803

10,615

49,758

(12,516)

37,942

Deferred

Federal

17,090

22,770

8,250

State and city

2,116

3,364

315

Foreign

1,911

(1,415)

(8,246)

21,117

24,719

319

Income tax expense

$

70,875

$

12,203

$

38,261

Income before income taxes

United States

$

234,034

$

37,727

$

138,292

Non-United States

36,942

(2,001)

43,806

$

270,976

$

35,726

$

182,098

Schedule of significant components of net deferred tax assets

    

2022

    

2021

(In thousands)

Deferred income tax assets:

Compensation

$

1,807

$

2,673

Inventory

7,918

6,780

Provision for bad debts and sales allowances

15,972

18,531

Supplemental employee retirement plan

710

584

Net operating loss

10,949

12,703

Operating lease liability

32,721

35,658

Foreign tax credit carryforward

2,805

4,962

Other

782

3,792

Gross deferred income tax assets

73,664

85,683

Less: valuation allowance

(14,481)

(13,272)

Net deferred income tax assets

59,183

72,411

Deferred income tax liabilities:

Depreciation and amortization

(56,901)

(41,185)

Intangibles

(9,576)

(14,271)

Operating lease asset

(27,272)

(30,182)

Accrued expenses

(59)

Prepaid expenses and other

(1,826)

(2,028)

Total deferred income tax liabilities

(95,634)

(87,666)

Net deferred tax liabilities

$

(36,451)

$

(15,255)

Schedule of reconciliation of statutory federal income tax rate to effective rate reported in financial statements

    

2022

    

2021

    

2020

Provision for Federal income taxes at the statutory rate

21.0

%  

21.0

%  

21.0

%

State and local income taxes, net of Federal tax benefit

2.0

(0.6)

1.9

Permanent differences resulting in Federal taxable income

4.3

12.8

5.9

Foreign tax rate differential

(0.3)

(3.8)

Share-based payments

12.5

(0.8)

Foreign tax credit

(3.4)

(7.3)

(3.5)

Valuation allowance

0.8

13.7

0.9

Net operating loss carryback

(18.6)

Other, net

1.5

1.0

(0.6)

Actual provision for income taxes

26.2

%  

34.2

%  

21.0

%

Schedule of reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (excluding interest and penalties)

    

2022

    

2021

    

2020

(In thousands)

Balance at February 1,

$

2,293

$

2,111

$

Additions for tax positions of prior years

595

182

2,111

Lapses of statues of limitations

(446)

Balance at January 31,

$

2,442

$

2,293

$

2,111