Income Taxes (Tables)

12 Months Ended

Feb. 03, 2018

Income Tax Disclosure [Abstract]

Components of Income Tax (Benefit) Expense

The components of the income tax expense are as follows (in thousands):

	Fiscal Year
	2017			2016			2015
Current:
Federal	$	45,867		$	40,053		$	30,976
State	6,168			4,900			4,626
	52,035			44,953			35,602
Deferred:
Federal	4,606			(1,772		)	349
State	(243		)	(760		)	(975		)
	4,363			(2,532		)	(626		)
Income tax expense	$	56,398		$	42,421		$	34,976

Reconciliation of Statutory Federal Income Tax Rate to Effective Income Tax Rate

The reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate is as follows:

	Fiscal Year
	2017		2016		2015
Statutory federal tax rate	33.7	%	35.0	%	35.0	%
State taxes, net of federal benefit	2.4		2.4		2.6
Other	(0.6	)	(0.3	)	0.1
	35.5	%	37.1	%	37.7	%

Significant Components of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to deferred tax assets and liabilities are (in thousands):

	February 3, 2018			January 28, 2017
Deferred tax assets:
Inventories	$	7,370		$	10,223
Deferred revenue	387			416
Accrued bonus	595			2,465
Deferred rent	20,353			22,753
Other	5,114			6,999
Deferred tax assets	33,819			42,856
Deferred tax liabilities:
Property and equipment	(25,843		)	(30,349		)
Other	(1,300		)	(1,468		)
Deferred tax liabilities	(27,143		)	(31,817		)
	$	6,676		$	11,039