Income Taxes (Tables)

12 Months Ended

Feb. 03, 2018

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The provision for income taxes consisted of:

(In thousands)	2017			2016			2015
Current:
Federal	$	14,579		$	13,366		$	18,366
State		2,241			1,997			2,267
Puerto Rico		242			250			249
Total current		17,062			15,613			20,882
Deferred:
Federal		2,383			(153	)		(3,000	)
State		(965	)		(1,228	)		(145	)
Puerto Rico		2,500			(1,494	)		(318	)
Total deferred		3,918			(2,875	)		(3,463	)
Valuation allowance		(2,500	)		1,494			318
Total provision	$	18,480		$	14,232		$	17,737

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	2017			2016			2015
U.S. Federal statutory tax rate		33.7	%		35.0	%		35.0	%
State and local income taxes, net of federal tax benefit		3.0			2.1			2.7
Puerto Rico		0.7			0.2			0.3
Valuation allowance		(6.7	)		4.0			0.7
Tax benefit of foreign losses		6.3			(3.6	)		(0.6	)
Remeasurement of deferred tax assets and liabilities due to the Tax Act		11.6			0.0			0.0
Other		0.8			0.0			0.0
Effective income tax rate		49.4	%		37.7	%		38.1	%

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)	February 3, 2018			January 28, 2017
Deferred tax assets:
Accrued rent	$	2,464		$	4,333
Accrued compensation		5,752			8,552
Accrued employee benefits		349			555
Inventory		699			1,125
Self-insurance reserves		518			758
Lease incentives		7,145			11,996
Net operating loss carry forward		1,218			3,719
Other		488			638
Total deferred tax assets		18,633			31,676
Valuation allowance		(1,217	)		(3,717	)
Total deferred tax assets – net of valuation allowance		17,416			27,959
Deferred tax liabilities:
Property and equipment		8,588			17,256
Capitalized costs		646			1,103
Total deferred tax liabilities		9,234			18,359
Long-term deferred income taxes, net	$	8,182		$	9,600