Rendering

Component: (Network and Table)
Network
2307301 - Disclosure - Income Taxes (Tables)
(http://caleres.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-31 - 2017-01-28
Income Tax Disclosure [Abstract]
 
Schedule of the Components of Income Tax Provision (Benefit)
The components of income tax provision (benefit) on earnings were as follows:

($ thousands)
 
2016

 
2015

 
2014

Federal
 
 
 
 
 
 
Current
 
$
10,577

 
$
9,530

 
$
27,311

Deferred
 
14,164

 
11,202

 
(9,502
)
 
 
24,741

 
20,732

 
17,809

State
 


 


 


Current
 
3,844

 
497

 
5,501

Deferred
 
(1,157
)
 
1,176

 
(642
)
 
 
2,687

 
1,673

 
4,859

Foreign
 
3,740

 
4,537

 
4,516

Total income tax provision
 
$
31,168

 
$
26,942

 
$
27,184

 
 
Schedule of the Differences Between the Tax Provision Reflected in the Consolidated Financial Statements and the Amounts Calculated at the Federal Statutory Income Tax Rate of 35%
The differences between the income tax provision reflected in the consolidated financial statements and the amounts calculated at the federal statutory income tax rate of 35% were as follows:

($ thousands)
 
2016

 
2015

 
2014

Income taxes at statutory rate
 
$
34,039

 
$
38,068

 
$
38,544

State income taxes, net of federal tax benefit
 
3,149

 
2,481

 
3,159

Foreign earnings taxed at lower rates
 
(8,404
)
 
(9,491
)
 
(8,882
)
Tax on international subsidiary dividend
 
—

 
—

 
1,040

Disposal and settlement of Shoes.com
 
—

 
(1,701
)
 
(7,428
)
Valuation allowance release on state loss carryforwards
 
—

 
(1,635
)
 
—

Valuation allowance release on other tax carryforwards
 
(179
)
 
(1,367
)
 
—

Valuation allowance for impairment of investment in nonconsolidated affiliate
 
2,450

 
—

 
—

Non-deductibility of acquisition costs
 
1,280

 
—

 
—

Settlement of federal and state audit matters
 
(945
)
 
—

 
—

Other
 
(222
)
 
587

 
751

Total income tax provision
 
$
31,168

 
$
26,942

 
$
27,184

 
 
Schedule of Significant Components of the Company’s Deferred Income Tax Assets and Liabilities
Significant components of the Company’s deferred income tax assets and liabilities were as follows:

($ thousands)
 
January 28, 2017

 
January 30, 2016

Deferred Tax Assets
 
 
 
 
Employee benefits, compensation and insurance
 
$
18,783

 
$
24,740

Accrued expenses
 
18,843

 
16,118

Postretirement and postemployment benefit plans
 
706

 
721

Deferred rent
 
8,319

 
7,269

Accounts receivable reserves
 
7,479

 
7,946

Net operating loss (“NOL”) carryforward/carryback
 
23,302

 
7,943

Capital loss carryforward
 
2,185

 
2,368

Alternative minimum tax credit carryforward
 
270

 
—

Inventory capitalization and inventory reserves
 
3,871

 
1,620

Impairment of investment in nonconsolidated affiliate
 
2,590

 
—

Depreciation
 
—

 
630

Other
 
1,580

 
1,346

Total deferred tax assets, before valuation allowance
 
87,928

 
70,701

Valuation allowance
 
(7,890
)
 
(6,544
)
Total deferred tax assets, net of valuation allowance
 
80,038

 
64,157

 
 
 
 
 
Deferred Tax Liabilities
 
 
 
 
Retirement plans
 
(8,421
)
 
(21,051
)
LIFO inventory valuation
 
(61,301
)
 
(61,585
)
Capitalized software
 
(8,715
)
 
(10,525
)
Depreciation
 
(9,076
)
 
—

Other
 
(1,096
)
 
(786
)
Intangible assets
 
(41,645
)
 
(631
)
Total deferred tax liabilities
 
(130,254
)
 
(94,578
)
Net deferred tax liability
 
$
(50,216
)
 
$
(30,421
)
 
 
Summary of a Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
($ thousands)
 
 
Balance at February 1, 2014
 
$
1,015

Reductions for tax positions of prior years due to a lapse in the statute of limitations
 
—

Balance at January 31, 2015
 
$
1,015

Amounts settled and utilized for current tax obligations
 
(636
)
Reductions for tax positions of prior years
 
(379
)
Balance at January 30, 2016
 
$
—

Amounts settled and utilized for current tax obligations
 
—

Balance at January 28, 2017
 
$
—