XML 42 R31.htm IDEA: XBRL DOCUMENT

Income Taxes (Tables)

12 Months Ended

Feb. 01, 2014

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consisted of the following:



	Fiscal Year
	2011		2012		2013
	(In thousands)
Federal:
Current	$	42,161	$	42,532	$	40,982
Deferred	10,463		652		(6,944		)
State:
Current	8,761		5,348		6,809
Deferred	566		615		(1,798		)
Provision for income taxes	$	61,951	$	49,147	$	39,049

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 2011, 2012 and 2013 to income before provision for income taxes as follows:



	Fiscal Year
	2011		2012		2013
	(In thousands)
Computed federal tax provision at statutory rates	$	55,805	$	45,095	$	35,831
State income taxes, net of federal income tax effect	6,063		3,876		3,257
Increase (decrease) in tax reserves	74		119		(243		)
Other, net	9		57		204
Provision for income taxes	$	61,951	$	49,147	$	39,049

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 February 2, 2013 and February 1, 2014 are as follows:



	February 2, 2013			February 1, 2014
	(In thousands)
Deferred tax assets:
Current accrued liabilities and other	$	10,117		$	16,511
Noncurrent lease obligations	9,685			6,154
Noncurrent accrued liabilities and other	352			345
	20,154			23,010
Deferred tax liabilities:
Current inventories	(20,278		)	(16,616		)
Current prepaid expenses and other current assets	(1,767		)	(1,714		)
Noncurrent property, plant and equipment	(19,828		)	(17,657		)
	(41,873		)	(35,987		)
Net deferred tax liability	$	(21,719	)	$	(12,977	)

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 2012 and 2013:



	Fiscal Year
	2012			2013
	(In thousands)
Unrecognized tax benefit, beginning of year	$	626		$	613
Increases related to current year tax positions	293			65
Settlement of tax positions	(132		)	—
Expiration of the statue of limitations for the assessment of taxes	(174		)	(308		)
Unrecognized tax benefit, end of year	$	613		$	370

- 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.

+ References+ Details