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Income Taxes (Tables)
 12 Months Ended
Feb. 01, 2020
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign

Income, including income (loss) from equity investment in TSL, before income taxes consisted of the following:
 
Fiscal
(in thousands)
2019
 
2018
 
2017
Domestic income
$
111,021

 
$
123,172

 
$
131,131

Foreign income (loss), including income (loss) from equity investment in TSL
8,753

 
(113,805
)
 
(4,112
)
Income, including income (loss) from equity investment in TSL, before income taxes
$
119,774

 
$
9,367

 
$
127,019
Schedule of Components of Income Tax Expense (Benefit)
Income tax provision consisted of the following:
 
Fiscal
(in thousands)
2019
 
2018
 
2017
Current:
 
 
 
 
 
Federal
$
21,196

 
$
29,073

 
$
60,041

Foreign
205

 
188

 
901

State and local
6,596

 
12,268

 
11,382

Total current tax expense
27,997

 
41,529

 
72,324

Deferred:
 
 
 
 
 
Federal
(620
)
 
(2,234
)
 
(10,431
)
Foreign
(1,241
)
 
(9,273
)
 
927

State and local
(859
)
 
(189
)
 
(3,253
)
Total deferred tax expense
(2,720
)
 
(11,696
)
 
(12,757
)
Income tax provision
$
25,277

 
$
29,833

 
$
59,567
Schedule of Effective Income Tax Rate Reconciliation
The following presents a reconciliation of the income tax provision based on the U.S. federal statutory tax rate to the total tax provision (the U.S. federal statutory tax rate used below for fiscal 2017 excludes the impact of the revised rate due to the U.S. Tax Reform as that change is reflected in the net impact of implementing the U.S. Tax Reform):
 
Fiscal
(in thousands)
2019
 
2018
 
2017
Income tax provision at federal statutory rate
$
25,152

 
$
1,966

 
$
44,457

State and local taxes, net of federal benefit
4,809

 
5,688

 
3,896

Foreign tax rate differential
546

 
(3,270
)
 
922

Foreign impairment charges
—

 
11,196

 
—

Change in valuation allowance
(3,949
)
 
8,157

 
834

Non-deductible compensation
344

 
2,219

 
54

Change in uncertain tax positions
(527
)
 
2,611

 
1,245

Net impact of implementing the U.S. Tax Reform
—

 
2,144

 
10,079

Other
(1,098
)
 
(878
)
 
(1,920
)
Income tax provision
$
25,277

 
$
29,833

 
$
59,567
Schedule of Deferred Tax Assets and Liabilities
Deferred income taxes are reported within the consolidated balance sheets as follows:
(in thousands)
February 1, 2020
 
February 2, 2019
Deferred tax assets
$
31,863

 
$
30,283

Deferred tax liabilities included in other non-current liabilities
(2,009
)
 
(3,260
)
Net deferred tax assets as shown above
$
29,854

 
$
27,023


The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities are as follows:
(in thousands)
February 1, 2020
 
February 2, 2019
Deferred tax assets:
 
 
 
State bonus depreciation
$
3,342

 
$
3,233

Inventory
11,669

 
11,131

Construction and tenant allowances
—

 
3,048

Stock-based compensation
10,987

 
9,081

Gift cards
3,801

 
2,763

Accrued expenses
4,193

 
3,389

Accrued rewards
3,405

 
3,356

Accrued rent
—

 
13,441

Lease liability
259,846

 
—

Foreign net operating losses
9,251

 
13,627

Acquisition-related transaction costs
4,194

 
2,832

Other
6,341

 
4,540

 
317,029

 
70,441

Less: valuation allowance
(9,472
)
 
(14,097
)
Total deferred tax assets, net of valuation allowance
307,557

 
56,344

Deferred tax liabilities:
 
 
 
Right of use asset
(242,733
)
 
—

Property and equipment
(25,359
)
 
(23,423
)
Intangible assets
(5,634
)
 
(3,287
)
Prepaid expenses and other
(3,977
)
 
(2,611
)
 
(277,703
)

(29,321
)
Net deferred tax assets
$
29,854

 
$
27,023
Summary of Valuation Allowance The following presents the changes in valuation allowance:
 
Fiscal
(in thousands)
2019
 
2018
 
2017
Valuation allowance - beginning of period
$
14,097

 
$
2,736

 
$
1,972

Additions charged to income tax provision
—

 
8,157

 
834

Additions related to acquisitions
—

 
6,124

 
—

Allowances taken or written off
(3,949
)
 
(2,920
)
 
(70
)
Other adjustments
(676
)
 
—

 
—

Valuation allowance - end of period
$
9,472

 
$
14,097

 
$
2,736
Schedule of Unrecognized Tax Benefits Roll Forward
Changes in gross unrecognized tax benefits were as follows:
 
Fiscal
(in thousands)
2019
 
2018
 
2017
Unrecognized tax benefits - beginning of period
$
11,608

 
$
7,925

 
$
6,773

Additions for tax positions taken in the current year
1,692

 
4,105

 
1,835

Reductions for tax positions taken in prior years:
 
 
 
 
 
Changes in estimates
(340
)
 
—

 
—

Lapses of applicable statutes of limitations
—

 
—

 
(233
)
Settlements
(2,196
)
 
(422
)
 
(450
)
Unrecognized tax benefits - end of period
$
10,764

 
$
11,608

 
$
7,925