Income Taxes (Tables)

12 Months Ended

Jan. 28, 2017

Income tax expense consists of the following (in thousands):

A reconciliation of income tax expense at the statutory federal income tax rate to the amount provided is as follows (in thousands):


	52 Weeks Ended January 28, 2017			52 Weeks Ended January 30, 2016			52 Weeks Ended January 31, 2015
Tax at federal statutory rate	$	5,941		$	9,134		$	10,087
State income taxes (net of federal benefit)		598			844			1,106
Tax credits		(255	)		(506	)		(207	)
Other		(355	)		52			20

Income tax expense	$	5,929		$	9,524		$	11,006

Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):


	January 28, 2017			January 30, 2016
Deferred tax assets:
Accruals	$	3,208		$	3,383
Inventory valuation		898			754
State tax credit carryforwards		190			—
Deferred rent and other		11,667			10,045

Total deferred tax assets		15,963			14,182
Valuation allowance for deferred tax assets		(56	)		—

Net deferred tax assets		15,907			14,182
Deferred tax liabilities:
Depreciation		(14,421	)		(14,887	)
Prepaid assets		(767	)		(637	)

Total deferred tax liabilities		(15,188	)		(15,524	)

Net deferred tax assets (liabilities)	$	719		$	(1,342	)

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


	52 Weeks Ended January 28, 2017			52 Weeks Ended January 30, 2016
	(In thousands)
Balance at the beginning of the year	$	307		$	307
Additions based on tax positions related to the current year		—			—
Additions for tax positions of prior years		—			—
Reductions for tax positions of prior years		—			—
Reductions due to settlements		—			—
Reductions due to lapse of the statute of limitations		(163	)		—

Balance at the end of the year	$	144		$	307