Income Taxes (Tables)

12 Months Ended

Feb. 01, 2020

Income Taxes

Provision for Income Taxes

	February 1,		February 2,		February 3,
	2020		2019		2018
Current:
Federal	$	4,004	$	4,630	$	12,718
State		540		1,719		1,868
Total current		4,544		6,349		14,586
Deferred:
Federal		1,246		598		780
State		(536)		116		(278)
Total deferred		710		714		502
Total income tax provision	$	5,254	$	7,063	$	15,088

Schedule of Federal Statutory Tax Rate

	February 1,			February 2,			February 3,
	2020			2019			2018
Federal statutory rate		21.0	%		21.0	%		33.7	%
State tax, net of federal benefit		1.5			4.1			3.8
Permanent items		1.1			2.5			2.0
Other items		(0.2)			(0.4)			(0.2)
Tax credits		(2.8)			—			—
Tax reform adjustment		—			(4.3)			6.7
Effective income tax rate		20.6	%		22.9	%		46.0	%

Schedule of Deferred Tax Assets and Liabilities

	February 1,		February 2,
	2020		2019
Deferred tax assets:
Accrued liabilities	$	558	$	453
Operating lease liability		63,187		—
Gift card liability		289		—
Goodwill		835		—
Deferred rent		—		11,835
Intangible asset		1,224		1,374
Inventories		1,452		1,940
Sales return reserve		208		185
Capital loss carryforward		39		39
Stock-based compensation		403		290
Loyalty program		2,415		2,191
Total gross deferred tax assets	$	70,610	$	18,307
Deferred tax liabilities:
Depreciation	$	(15,020)	$	(14,670)
ROU asset		(55,272)		—
Prepaid expenses		(836)		(553)
Gift card escheatment		(44)		(87)
Total gross deferred tax liabilities	$	(71,172)	$	(15,310)
Net deferred tax asset (liability)	$	(562)	$	2,997