| Income Tax Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-31 - 2017-01-28 |
|---|
Income Tax Disclosure [Abstract] | |
Components of Income Before Income Taxes from Continuing Operations |
The components of income before income taxes from continuing operations were:
|
|
|
For the Years Ended |
|
|
|
|
January 28, |
|
|
January 30, |
|
|
January 31, |
|
|
(In thousands) |
|
2017 |
|
|
2016 |
|
|
2015 |
|
|
U.S. |
|
$ |
315,199 |
|
|
$ |
289,697 |
|
|
$ |
193,167 |
|
|
Foreign |
|
|
20,063 |
|
|
|
32,174 |
|
|
|
(33,665 |
) |
|
Total |
|
$ |
335,262 |
|
|
$ |
321,871 |
|
|
$ |
159,502 |
|
|
Components of Deferred Tax Assets and Liabilities |
The significant components of the Company’s deferred tax assets and liabilities were as follows:
|
|
|
January 28, |
|
|
January 30, |
|
|
(In thousands) |
|
2017 |
|
|
2016 |
|
|
Deferred tax assets: |
|
|
|
|
|
|
|
|
|
Rent |
|
$ |
27,843 |
|
|
$ |
27,281 |
|
|
Deferred compensation |
|
|
24,042 |
|
|
|
21,187 |
|
|
Foreign tax credits |
|
|
22,269 |
|
|
|
20,567 |
|
|
Employee compensation and benefits |
|
|
13,206 |
|
|
|
23,840 |
|
|
Inventories |
|
|
10,693 |
|
|
|
9,659 |
|
|
Accruals not currently deductible |
|
|
8,613 |
|
|
|
10,907 |
|
|
State tax credits |
|
|
6,574 |
|
|
|
6,902 |
|
|
Net operating loss |
|
|
5,364 |
|
|
|
6,891 |
|
|
Other |
|
|
9,380 |
|
|
|
12,745 |
|
|
Gross deferred tax assets |
|
|
127,984 |
|
|
|
139,979 |
|
|
Valuation allowance |
|
|
(7,266 |
) |
|
|
(7,720 |
) |
|
Total deferred tax assets |
|
$ |
120,718 |
|
|
$ |
132,259 |
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax liabilities: |
|
|
|
|
|
|
|
|
|
Property and equipment |
|
$ |
(63,546 |
) |
|
$ |
(59,386 |
) |
|
Other |
|
|
(7,922 |
) |
|
|
(7,946 |
) |
|
Total deferred tax liabilities |
|
$ |
(71,468 |
) |
|
$ |
(67,332 |
) |
|
|
|
|
|
|
|
|
|
|
|
Total deferred tax assets, net |
|
$ |
49,250 |
|
|
$ |
64,927 |
|
|
Components of Provision for Income Taxes from Continuing Operations |
Significant components of the provision for income taxes from continuing operations were as follows:
|
|
|
For the Years Ended |
|
|
|
|
January 28, |
|
|
January 30, |
|
|
January 31, |
|
|
(In thousands) |
|
2017 |
|
|
2016 |
|
|
2015 |
|
|
Current: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal |
|
$ |
93,961 |
|
|
$ |
86,122 |
|
|
$ |
66,229 |
|
|
Foreign taxes |
|
|
3,168 |
|
|
|
3,836 |
|
|
|
(792 |
) |
|
State |
|
|
11,137 |
|
|
|
13,032 |
|
|
|
9,447 |
|
|
Total current |
|
|
108,266 |
|
|
|
102,990 |
|
|
|
74,884 |
|
|
Deferred: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal |
|
$ |
12,057 |
|
|
$ |
5,606 |
|
|
$ |
(1,178 |
) |
|
Foreign taxes |
|
|
(268 |
) |
|
|
(1,977 |
) |
|
|
(85 |
) |
|
State |
|
|
2,758 |
|
|
|
1,961 |
|
|
|
(2,906 |
) |
|
Total deferred |
|
|
14,547 |
|
|
|
5,590 |
|
|
|
(4,169 |
) |
|
Provision for income taxes |
|
$ |
122,813 |
|
|
$ |
108,580 |
|
|
$ |
70,715 |
|
|
Activity Related to Unrecognized Tax Benefits |
The following table summarizes the activity related to our unrecognized tax benefits:
|
|
|
For the Years Ended |
|
|
(In thousands) |
|
January 28,
2017 |
|
|
January 30,
2016 |
|
|
January 31,
2015 |
|
|
Unrecognized tax benefits, beginning of the year
balance |
|
$ |
5,748 |
|
|
$ |
12,609 |
|
|
$ |
14,601 |
|
|
Increases in current period tax positions |
|
|
1,884 |
|
|
|
2,727 |
|
|
|
2,166 |
|
|
Increases in tax positions of prior periods |
|
|
464 |
|
|
|
— |
|
|
|
— |
|
|
Settlements |
|
|
— |
|
|
|
— |
|
|
|
(73 |
) |
|
Lapse of statute of limitations |
|
|
(362 |
) |
|
|
(516 |
) |
|
|
(471 |
) |
|
Decreases in tax positions of prior periods |
|
|
(641 |
) |
|
|
(9,072 |
) |
|
|
(3,614 |
) |
|
Unrecognized tax benefits, end of the year balance |
|
$ |
7,093 |
|
|
$ |
5,748 |
|
|
$ |
12,609 |
|
|
Reconciliation Between Statutory Federal Income Tax Rate and Effective Income Tax Rate from Continuing Operations |
A reconciliation between the statutory federal income tax rate and the effective income tax rate from continuing operations follows:
|
|
|
For the Years Ended |
|
|
|
|
January 28, |
|
|
January 30, |
|
|
January 31, |
|
|
|
|
2017 |
|
|
2016 |
|
|
2015 |
|
|
Federal income tax rate |
|
|
35.0 |
% |
|
|
35.0 |
% |
|
|
35.0 |
% |
|
State income taxes, net of federal income tax effect |
|
|
2.8 |
|
|
|
3.1 |
|
|
|
3.7 |
|
|
Foreign rate differential |
|
|
(1.7 |
) |
|
|
(1.6 |
) |
|
|
0.3 |
|
|
Valuation allowance changes, net |
|
|
0.4 |
|
|
|
(1.1 |
) |
|
|
6.6 |
|
|
Change in unrecognized tax benefits |
|
|
0.4 |
|
|
|
(1.5 |
) |
|
|
(0.6 |
) |
|
Other |
|
|
(0.3 |
) |
|
|
(0.2 |
) |
|
|
(0.7 |
) |
|
|
|
|
36.6 |
% |
|
|
33.7 |
% |
|
|
44.3 |
% |
|