Income Taxes (Tables)

12 Months Ended

Jan. 28, 2017

The income tax (benefit) provision is comprised of the following amounts (in thousands):



	Fiscal Year Ended January 28, 2017			Fiscal Year Ended January 30, 2016
Current:
Federal	$	—		$	22
State and local	329			429
	329			451
Deferred:
Federal	(7,782		)	(3,620		)
State and local	(1,112		)	(531		)
Foreign	(290		)	697
	(9,184		)	(3,454		)
Income tax benefit	(8,856		)	(3,003		)
Valuation allowance adjustment	8,656			3,454
Income tax (benefit) provision	$	(199	)	$	451

Reconciliation of Statutory Federal Income Tax Rate to Pretax Income

The income tax provision (benefit) differs from the amount obtained by applying the statutory Federal income tax rate to pretax income as follows (in thousands):



	Fiscal Year Ended January 28, 2017			Fiscal Year Ended January 30, 2016
(Benefit) at Federal statutory rates	$	(8,343	)	$	(3,927	)
Permanent adjustments	39			91
State tax, net of Federal benefit	(828		)	(203		)
Change in valuation allowance	8,656			3,454
Prior year adjustments	(29		)	1,033
Foreign rate differential	306			3
Other	—			—
Income tax (benefit) provision	$	(199	)	$	451

Schedule of Deferred Tax Liabilities

Net deferred tax liabilities, which are included in other long-term liabilities on the accompanying consolidated balance sheets as of January 28, 2017 and January 30, 2016, reflect the tax effect of the following differences between financial statement carrying amounts and tax bases of assets and liabilities as follows (in thousands):



	January 28, 2017			January 30, 2016
Assets:
Net operating loss and tax credit carryforwards	$	18,546		$	11,625
Foreign net operating loss carryforwards	2,722			2,432
Inventories	3,657			6,293
Property and equipment	7,860			5,972
Accounts receivable allowances	988			260
Goodwill and intangibles	174			102
Accrued interest	12,319			10,381
Deferred rent	3,387			3,489
Accrued expenses	4,398			4,139
Share-based compensation	2,827			3,021
Other	1,939			2,816
Total deferred tax assets	58,817			50,530
Valuation allowance	(57,859		)	(49,203		)
Net deferred tax assets	958			1,327
Liabilities:
Tradename	(2,872		)	(3,400		)
Intangibles	(958		)	(1,327		)
Total deferred tax liabilities, net	$	(2,872	)	$	(3,400	)

Schedule of Unrecognized Tax Benefits and Related Interest and Penalties

The balance of unrecognized tax benefits, the amount of related interest and penalties we have provided and what we believe to be the range of reasonably possible changes in the next twelve months, were (in thousands):



	Fiscal Year Ended January 28, 2017		Fiscal Year Ended January 30, 2016
Unrecognized tax benefits	$	1,397	$	1,219
Portion if recognized would reduce tax expense and effective rate	1,397		1,219
Accrued interest on unrecognized tax benefits	786		717
Accrued penalties on unrecognized tax benefits	220		220

Reconciliation of Beginning and Ending Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):



	Fiscal Year Ended January 28, 2017		Fiscal Year Ended January 30, 2016
Balance at beginning of year	$	1,219	$	1,079
Additions for tax positions of the current year	132		162
Additions for tax positions of prior years	46		82
Reductions for tax positions of prior years	—		(104		)
Balance at end of year	$	1,397	$	1,219