Income Taxes

3 Months Ended

May 04, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The following table summarizes the Company’s income tax expense and effective tax rates for the thirteen weeks endedMay 4, 2013 and April 28, 2012 (in thousands):

	Thirteen Weeks Ended
	May 4, 2013			April 28, 2012
Income (loss) before income taxes	$	2,678		$	(1,928	)
Income tax expense (benefit)	$	1,108		$	(771	)
Effective tax rate	41.4		%	40.0		%

The effective tax rates for the thirteen weeks endedMay 4, 2013 and April 28, 2012 were based on the Company’s forecasted annualized effective tax rates and were adjusted for discrete items that occurred within the periods presented. The effective tax rate for the thirteen weeks ended May 4, 2013 was impacted by permanent book to tax differences related to fees expected to be incurred for the secondary public offering.

For the thirteen weeks endedMay 4, 2013 and April 28, 2012, total income taxes paid were $8.1 million and $8.9 million, respectively.

The Company had no material accrual for uncertain tax positions or interest or penalties related to income taxes on the Company’s balance sheets at May 4, 2013, February 2, 2013 or April 28, 2012, and has not recognized any material uncertain tax positions or interest and/or penalties related to income taxes in the statements of operations for the thirteen weeks endedMay 4, 2013 and April 28, 2012.

The Company files a federal income tax return as well as state tax returns. The Company’s U.S. federal income tax returns for the fiscal years ended January 30, 2010 and thereafter remain subject to examination by the U.S. Internal Revenue Service (“IRS”). State returns are filed in various state jurisdictions, as appropriate, with varying statutes of limitation and remain subject to examination for varying periods up to 3 to 4 years depending on the state.