Income Taxes (Tables)

12 Months Ended

Feb. 02, 2014

The provision for income taxes consists of the following:



	February 2, 2014		February 3, 2013		January 29, 2012
Federal income tax at statutory rate	35.0	%	35.0	%	35.0	%
Non-deductible compensation expense	0.5		0.8		0.8
U.S. state taxes	1.2		1.2		2.8
Foreign tax rate differential	(7.1	)	(7.7	)	(3.4	)
Permanent and other	—		(0.5	)	0.9
Provision for income taxes	29.6	%	28.8	%	36.1	%

Tax Effects of Temporary Differences of Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax asset and deferred tax liability at February 2, 2014 and February 3, 2013 are presented below:



	February 2, 2014			February 3, 2013
Deferred income tax asset
Net operating loss carryforward	$	5,097		$	2,397
Foreign tax credits	4,585			4,585
Property and equipment	(12,447		)	(13,151		)
Deferred lease liability	6,284			6,243
Stock-based compensation	3,758			3,317
Inventory	4,681			5,372
Tenant inducements	5,841			4,506
Other	501			1,764
	18,300			15,033
Deferred income tax liability
Property and equipment	(5,122		)	—
Other	1,145			—
	(3,977		)	—
Net deferred income tax asset	$	14,323		$	15,033

Company's Current and Deferred Taxes from Federal, State and Foreign Sources

The Company's current and deferred taxes from federal, state and foreign sources were as follows:



	February 2, 2014		February 3, 2013			January 29, 2012
Income before provision for income taxes
Domestic	$	81,688	$	63,426		$	114,481
Foreign	315,438		317,970			174,977
Income before provision for income taxes	397,126		381,396			289,458
Current taxes
Federal	$	27,818	$	22,598		$	45,623
State	4,017		3,795			8,438
Foreign	84,924		90,017			51,126
Total current	116,759		116,410			105,187
Deferred taxes
Federal	$	266	$	(5,667	)	$	73
State	38		(786		)	12
Foreign	516		8			(778		)
Total deferred	820		(6,445		)	(693		)
Provision for income taxes	$	117,579	$	109,965		$	104,494