Income Taxes (Tables)

12 Months Ended

Jan. 29, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

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

	Fiscal Year Ended
	January 29, 2022 (52-weeks)		January 30, 2021 (52-weeks)		February 1, 2020 (52-weeks)
Federal:
Current	$	37,013	$	23,651	$	11,724
Deferred	7,142		(4,191)		(4,265)
	44,155		19,460		7,459
State:
Current	9,128		5,580		1,975
Deferred	296		(1,354)		(450)
	9,424		4,226		1,525
Provision for income taxes	$	53,579	$	23,686	$	8,984

Schedule of Effective Income Tax Rate Reconciliation

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 29, 2022 (52-weeks)		January 30, 2021 (52-weeks)		February 1, 2020 (52-weeks)
Tax provision computed at the federal statutory rate	21.00	%	21.00	%	21.00	%
Effect of state income taxes, net of federal benefits	3.50		3.47		3.60
Federal income tax credits	(0.40)		(0.70)		(1.99)
Executive compensation limitations	0.52		0.09		1.47
Equity compensation tax (excess) deficiencies	(0.97)		0.17		1.71
Other, net	(0.14)		0.15		(1.06)
	23.51	%	24.18	%	24.73	%

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes on the consolidated balance sheets result from temporary differences between the amount of assets and liabilities recognized for financial reporting and income tax purposes. The components of the deferred income taxes, net, are as follows (in thousands):

	January 29, 2022 (52-weeks)		January 30, 2021 (52-weeks)
Rent	$	72,452	$	64,369
Inventories	2,795		2,362
Accruals	8,175		11,546
Stock-based compensation	2,704		2,398
Other	85		152
Total deferred tax assets	86,211		80,827
Rent	(66,056)		(57,776)
Accumulated depreciation and amortization	(10,440)		(6,226)
Prepaid expenses	(2,336)		(1,747)
State taxes	(192)		(453)
Total deferred tax liabilities	(79,024)		(66,202)
Deferred income taxes, net	$	7,187	$	14,625

Schedule of Unrecognized Tax Benefits

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

(in thousands):

	January 29, 2022 (52-weeks)		January 30, 2021 (52-weeks)		February 1, 2020 (52-weeks)
Unrecognized tax benefits - beginning of year	$	616	$	818	$	1,245
Gross increases - tax positions in prior period	—		3		—
Gross decreases - tax positions in prior period	(51)		—		(234)
Gross increases - tax positions in current period	—		—		—
Settlements	—		—		—
Lapse of statute of limitations	(110)		(205)		(193)
Unrecognized tax benefits - end of year	$	455	$	616	$	818