Income Taxes (Tables)

12 Months Ended

Jan. 28, 2017

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The provision for income taxes consisted of:

(In thousands)	2016			2015			2014
Current:
Federal	$	13,366		$	18,366		$	14,575
State		1,997			2,267			1,800
Puerto Rico		250			249			350
Total current		15,613			20,882			16,725
Deferred:
Federal		(153	)		(3,000	)		(1,229	)
State		(1,228	)		(145	)		(115	)
Puerto Rico		(1,494	)		(318	)		(1,149	)
Total deferred		(2,875	)		(3,463	)		(2,493	)
Valuation allowance		1,494			318			1,943
Total provision	$	14,232		$	17,737		$	16,175

Schedule of Effective Income Tax Rate Reconciliation

Reconciliation between the statutory federal income tax rate and the effective income tax rate is as follows:

Fiscal years	2016		2015		2014
U.S. Federal statutory tax rate	35.0	%	35.0	%	35.0	%
State and local income taxes, net of federal tax benefit	2.1		2.7		3.1
Puerto Rico	0.2		0.3		0.2
Valuation allowance	4.0		0.7		4.7
Tax benefit of foreign losses	(3.6	)	(0.6	)	(4.3	)
	0.0		0.0		0.1
Effective income tax rate	37.7	%	38.1	%	38.8	%

Schedule of Deferred Tax Asset/Liability

Deferred income taxes are the result of temporary differences in the recognition of revenue and expense for tax and financial reporting purposes. The sources of these differences and the tax effect of each are as follows:

(In thousands)	January 28, 2017			January 30, 2016
Deferred tax assets:
Accrued rent	$	4,333		$	4,321
Accrued compensation		8,552			6,911
Accrued employee benefits		555			532
Inventory		1,125			737
Self-insurance reserves		758			641
Lease incentives		11,996			12,522
Net operating loss carry forward		3,719			2,261
Other		638			411
Total deferred tax assets		31,676			28,336
Valuation allowance		(3,717	)		(2,261	)
Total deferred tax assets – net of valuation allowance		27,959			26,075
Deferred tax liabilities:
Property and equipment		17,256			16,671
Capitalized costs		1,103			1,153
Other		0			32
Total deferred tax liabilities		18,359			17,856
Net deferred tax asset		9,600			8,219
Less current deferred income tax benefit		0			(1,061	)
Long-term deferred income taxes	$	9,600		$	7,158