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Income Taxes (Tables)

12 Months Ended

Feb. 02, 2013

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consisted of the following:



	Fiscal Year
	2010			2011		2012
	(In thousands)
Federal:
Current	$	43,768		$	42,161	$	42,532
Deferred	2,949			10,463		652
State:
Current	9,742			8,761		5,348
Deferred	(198		)	566		615
Provision for income taxes	$	56,261		$	61,951	$	49,147

Schedule of Effective Income Tax Rate Reconciliation

Provision for income tax is reconciled to the amount computed by applying the statutory Federal income tax rate of 35% for fiscal years 2010, 2011 and 2012 to income before provision for income taxes as follows:



	Fiscal Year
	2010		2011		2012
	(In thousands)
Computed federal tax provision at statutory rates	$	49,721	$	55,805	$	45,095
State income taxes, net of federal income tax effect	6,204		6,063		3,876
Non-deductible compensation	131		—		—
Change in tax reserves	107		74		119
Other, net	98		9		57
Provision for income taxes	$	56,261	$	61,951	$	49,147

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant positions of deferred tax assets and deferred tax liabilities as of January 28, 2012 and February 2, 2013 are as follows:



	January 28, 2012			February 2, 2013
	(In thousands)
Deferred tax assets:
Current accrued liabilities and other	$	9,595		$	10,117
Noncurrent lease obligations	11,053			9,685
Noncurrent accrued liabilities and other	338			352
	20,986			20,154
Deferred tax liabilities:
Current inventories	(16,491		)	(20,278		)
Current prepaid expenses and other current assets	(1,583		)	(1,767		)
Noncurrent property, plant and equipment	(23,364		)	(19,828		)
	(41,438		)	(41,873		)
Net deferred tax liability	$	(20,452	)	$	(21,719	)

Summary of Income Tax Contingencies

The following table summarizes the activity related to our unrecognized tax benefits and related accrued interest and penalties for fiscal years 2011 and 2012:



	Fiscal Year
	2011			2012
	(In thousands)
Unrecognized tax benefit, beginning of year	$	823		$	626
Increases related to current year tax positions	210			293
Settlement of tax positions	(271		)	(132		)
Expiration of the statue of limitations for the assessment of taxes	(136		)	(174		)
Unrecognized tax benefit, end of year	$	626		$	613

- 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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