INCOME TAXES (Tables)

12 Months Ended

Feb. 01, 2014

INCOME TAXES

Earnings before income taxes

Earnings before income taxes (in thousands):

	Fiscal Year
	2013		2012		2011
United States	$	82,061	$	143,215	$	133,405
Foreign		44,747		54,457		51,005
Total	$	126,808	$	197,672	$	184,410

Provision for income taxes

The provision for income taxes consists of the following (in thousands):

	Fiscal Year
	2013		2012			2011
Current tax expense:
Federal	$	27,438	$	41,107		$	24,087
State		3,434		5,430			4,780
Foreign		9,447		13,892			5,649
Deferred tax expense (benefit):
Federal and state		961		5,739			20,864
Foreign		1,311		(559	)		8,564
Total	$	42,591	$	65,609		$	63,944

Effective tax rate reconciliation

	Fiscal Year
	2013			2012			2011
Federal statutory rate		35.0	%		35.0	%		35.0	%
State income taxes, net of federal benefit		2.7			2.9			3.1
Net change in tax accruals		0.1			(0.2	)		(0.2	)
Foreign tax rate differential		(3.2	)		(2.3	)		(1.5	)
Amortizable tax goodwill		(1.4	)		(0.9	)		(1.0	)
Valuation allowance		0.4			0.3			—
Other		—			(1.6	)		(0.7	)
		33.6	%		33.2	%		34.7	%

Schedule of deferred tax assets and liabilities and the related temporary differences

Total deferred tax assets and liabilities and the related temporary differences as of February 1, 2014 and February 2, 2013 were as follows (in thousands):

	February 1, 2014			February 2, 2013
Deferred tax assets:
Accrued rent and other expenses	$	43,731		$	37,314
Accrued compensation		21,457			20,602
Accrued inventory markdowns		2,471			2,541
Deferred intercompany profits		—			918
Other		2,013			38
Tax loss and other carryforwards		12,093			13,938
Total deferred tax assets		81,765			75,351
Valuation allowance		(1,177	)		(555	)
Net deferred tax assets		80,588			74,796
Deferred tax liabilities:
Property and equipment		(73,401	)		(62,939	)
Capitalized inventory costs		(4,557	)		(4,819	)
Intangibles		(17,073	)		(14,021	)
Total deferred tax liabilities		(95,031	)		(81,779	)
Net deferred tax liabilities	$	(14,443	)	$	(6,983	)

Summary of unrecognized tax benefits

The following table summarizes the activity related to our unrecognized tax benefits (in thousands):

	February 1, 2014			February 2, 2013
Gross unrecognized tax benefits, beginning balance	$	3,917		$	4,346
Increase in tax positions for prior years		245			621
Decrease in tax positions for prior years		(7	)		(417	)
Increase in tax positions for current year		212			539
Decrease in tax positions for current year		—			—
Settlements		(1,052	)		(358	)
Lapse from statute of limitations		(385	)		(814	)
Gross unrecognized tax benefits, ending balance	$	2,930		$	3,917