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Income Taxes (Tables)

12 Months Ended

Feb. 02, 2013

Schedule of income tax expense (benefit)

Income tax expense (benefit) is summarized as follows (in thousands):



	Year Ended		Year Ended			Year Ended
	Feb 2, 2013		Jan 28, 2012			Jan 29, 2011
Federal:
Current	$	42,365	$	84,994		$	59,720
Deferred	10,943		(3,136		)	11,484
State:
Current	5,853		11,607			7,953
Deferred	1,494		(193		)	3,548
Foreign:
Current	30,775		32,975			47,353
Deferred	7,698		2,444			(3,184		)
Total	$	99,128	$	128,691		$	126,874

Schedule of difference between actual income tax expense and expected income tax expense

Actual income tax expense differs from expected income tax expense obtained by applying the statutory Federal income tax rate to earnings before income taxes as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 2, 2013			Jan 28, 2012			Jan 29, 2011
Computed "expected" tax expense	$	98,215		$	139,769		$	147,482
State taxes, net of federal benefit	4,776			7,419			7,475
Incremental foreign taxes in excess of/(less than) federal statutory tax rate	(13,307		)	(19,457		)	(27,822		)
Net tax settlements	12,832			—			—
Other	(3,388		)	960			(261		)
Total	$	99,128		$	128,691		$	126,874

Schedule of total income tax expense (benefit)

Total income tax expense (benefit) was allocated as follows (in thousands):



	Year Ended		Year Ended			Year Ended
	Feb 2, 2013		Jan 28, 2012			Jan 29, 2011
Operations	$	99,128	$	128,691		$	126,874
Stockholders’ equity	3,703		(208		)	(8,234		)
Total income taxes	$	102,831	$	128,483		$	118,640

Schedule of tax effects of the components of other comprehensive income

The tax effects of the components of other comprehensive income were allocated as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 2, 2013			Jan 28, 2012			Jan 29, 2011
Unrealized net gain (loss) on hedges	$	(1,056	)	$	1,170		$	(399	)
Unrealized gain (loss) on investments or reclassification of loss to income	85			(24		)	72
SERP	2,855			(2,057		)	(251		)
Total income tax (income) expense	$	1,884		$	(911	)	$	(578	)

Schedule of total earnings before income tax expense and noncontrolling interests

Total earnings before income tax expense and noncontrolling interests were comprised of the following (in thousands):



	Year Ended		Year Ended		Year Ended
	Feb 2, 2013		Jan 28, 2012		Jan 29, 2011
Domestic operations	$	169,755	$	245,554	$	215,689
Foreign operations	110,859		153,787		205,688
Earnings before income tax expense and noncontrolling interests	$	280,614	$	399,341	$	421,377

Tax effects of temporary differences that give rise to significant portions of current and non-current deferred tax assets and deferred tax liabilities

The tax effects of temporary differences that give rise to significant portions of current and non-current deferred tax assets and deferred tax liabilities at February 2, 2013 and January 28, 2012 are presented below (in thousands):



	Feb 2, 2013			Jan 28, 2012
Deferred tax assets:
SERP	$	22,719		$	23,255
Rent expense	14,680			13,829
Deferred compensation	8,483			11,748
Bad debt reserve	7,006			8,332
Fixed assets bases difference	5,695			7,903
Net operating losses	2,413			1,675
Uniform capitalization	2,096			2,042
Deferred income	1,642			9,386
Inventory valuation	119			690
Accrued bonus	—			1,783
Other	16,895			7,712
Total deferred assets	81,748			88,355
Deferred tax liabilities:
Goodwill amortization	(3,189		)	(3,666		)
Other	(11,097		)	(9,090		)
Valuation allowance	(3,346		)	(1,984		)
Net deferred tax assets	$	64,116		$	73,615

Schedule of changes that occurred in the amount of gross unrecognized tax benefits excluding interest and penalties

A reconciliation of the beginning and ending amount of gross unrecognized tax benefit (excluding interest and penalties) is as follows (in thousands):



	Year Ended			Year Ended		Year Ended
	Feb 2, 2013			Jan 28, 2012		Jan 29, 2011
Beginning Balance	$	16,045		$	10,828	$	9,615
Additions:
Tax positions related to the prior year	—			4,782		1,002
Tax positions related to the current year	—			78		352
Reductions:
Tax positions related to the prior year	(568		)	357		—
Settlements	(10,950		)	—		(141		)
Expiration of statutes of limitation	—			—		—
Ending Balance	$	4,527		$	16,045	$	10,828

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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