SUBSEQUENT EVENTS

12 Months Ended

Feb. 01, 2015

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 18—SUBSEQUENT EVENT

Internal Revenue Service

        On February 19, 2015 the Company received a notification advising that the Tentative Settlement was approved by the JCT. As a result of the approval and finalization of the Tentative Settlement, the tax years ending February 3, 2008 and February 1, 2009 are settled and closed to any further U.S. federal income tax adjustments. The results of such approval and finalization of the Tentative Settlement will be reflected in the Company's first quarter of fiscal 2015 results.

        See "Note 14, Commitments and Contingencies," for discussion of the IRS audit of the Company's U.S. federal income tax returns and "Note 9, Income Taxes," for discussion of the Company's unrecognized tax benefits in accordance with the income tax principles of GAAP (ASC 740, Income Taxes).