INCOME TAXES (Tables)

12 Months Ended

Jan. 30, 2016

INCOME TAXES [Abstract]

Components of provision for income taxes

A summary of the components of the provision/(benefit) for income taxes is as follows (in thousands):

	Fiscal Year Ended
	January 30, 2016		January 31, 2015		February 1, 2014
Federal:
Current	$	36,053	$	35,013	$	37,313
Deferred		1,188		4,059		312
		37,241		39,072		37,625
State:
Current		3,743		4,756		5,205
Deferred		200		441		(4	)
		3,943		5,197		5,201
Provision for income taxes	$	41,184	$	44,269	$	42,826

Reconciliation of statutory federal income tax rate

A reconciliation of the statutory federal income tax rate to the effective tax rate as a percentage of income before provision for income taxes follows:

	Fiscal Year Ended
	January 30, 2016	January 31, 2015	February 1, 2014
Tax provision computed at the federal statutory rate	35.00%	35.00%	35.00%
Effect of state income taxes, net of federal benefits	2.40	2.85	2.81
Other, net	(0.53)	(0.29)	(0.15)
	36.87%	37.56%	37.66%

Components of deferred income tax assets, net

The components of the deferred income taxes, net, are as follows (in thousands):

	January 30, 2016				January 31, 2015
	Current		Non-current		Current		Non-current
Deferred rent	$	-	$	8,769	$	1,486	$	5,893
Inventories		-		4,920		5,552		-
Accruals		-		4,900		2,898		1,656
Stock-based compensation		-		4,755		996		3,393
Other		-		59		31		92
Total deferred tax assets		-		23,403		10,963		11,034
Accumulated depreciation and amortization		-		(15,723)		-		(12,809)
Prepaid expenses		-		(681)		(645)		-
Accruals		-		(44)		(26)		-
State taxes		-		(298)		(472)		-
Total deferred tax liabilities		-		(16,746)		(1,143)		(12,809)
Deferred income taxes, net	$	-	$	6,657	$	9,820	$	(1,775)

Reconciliation of unrecognized tax benefit

A reconciliation of the unrecognized tax benefit, excluding estimated interest and penalties, under ASC Subtopic 740-10 follows (in thousands):

	Fiscal Year Ended
	January 30, 2016		January 31, 2015		February 1, 2014
Unrecognized tax benefits - beginning of year	$	1,339	$	1,539	$	2,708
Gross increases - tax positions in prior period		90		122		245
Gross decreases - tax positions in prior period		(39)		(168)		(964)
Gross increases - tax positions in current period		122		162		277
Settlements		-		(119)		(517)
Lapse of statute of limitations		(270)		(197)		(210)
Unrecognized tax benefits - end of year	$	1,242	$	1,339	$	1,539