14.

Income Taxes

The Company recorded an income tax provision of $51,618 on a pre-tax income of $131,880 during the 13 weeks ended January 30, 2016, which represented an effective income tax rate of 39.1%. The Company recorded an income tax provision of $88,583 on pre-tax income of $127,560 during the 13 weeks ended January 31, 2015, which represented an effective income tax rate of 69.4%.

The Company recorded an income tax provision of $20,071 on a pre-tax income of $65,379 during the 39 weeks ended January 30, 2016, which represented an effective income tax rate of 30.7%. The Company recorded an income tax provision of $54,474 on pre-tax income of $90,365 during the 39 weeks ended January 31, 2015, which represented an effective income tax rate of 60.3%.

The income tax provisions for the 13 and 39 weeks ended January 30, 2016 and January 31, 2015, respectively, include the impact of permanent items such as meals and entertainment, non-deductible executive compensation, changes in uncertain tax positions, finalization of the federal income tax audit covering the 2008 through 2012 tax years, the closure of many state taxing jurisdiction statutes, the impact of new legislation enacted by Congress permanently re-instating the research and development credit and the impact of filing the income tax returns. In the current year the Company no longer maintains a valuation allowance against its tax assets, except with respect to certain separate state income tax jurisdictions. Additionally, in the prior year the Company recorded the tax implications of the Microsoft agreement in the 13 and 39 weeks ended January 31, 2015, which do not impact the 13 and 39 weeks ended January 30, 2016 as a result of the termination of the Microsoft agreement in December 2014.