XML 30 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes
3 Months Ended
May 04, 2019
Income Tax Disclosure [Abstract]  
Income Taxes

11.  Income Taxes

The provision for income taxes is based on the current estimate of the annual effective income tax rate and is adjusted as necessary for discrete quarterly events. The effective income tax rate for the 13 weeks ended May 4, 2019 was 21.7% compared to 22.0% for the 13 weeks ended May 5, 2018.  The decrease in the effective income tax rate this year is primarily due to a tax benefit related to changes in tax reform guidance.  

The Company records accrued interest and penalties related to unrecognized tax benefits in income tax expense. The Company recognizes income tax liabilities related to unrecognized tax benefits in accordance with ASC 740 and adjusts these liabilities when its judgment changes as a result of the evaluation of new information not previously available. Unrecognized tax benefits did not change significantly during the 13 weeks ended May 4, 2019.  Over the next twelve months, the Company believes that it is reasonably possible that unrecognized tax benefits may decrease by approximately $4.7 million due to settlements, expiration of statute of limitations or other changes in unrecognized tax benefits.