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Income Taxes

9 Months Ended

Nov. 01, 2014



Note 13	Income Taxes

The Company’s effective tax rate can vary considerably from period to period, depending on a number of factors. The Company’s consolidated effective tax rates from continuing operations were 30.9% and 31.6% for the thirteen weeks and 31.8% and 33.8% for the thirty-nine weeks ended November 1, 2014 and November 2, 2013, respectively. The effective tax rate was higher in the thirty-nine weeks ended November 2, 2013 due to the non-deductible nature of the $4.7 million impairment charge in the first quarter of 2013, as further described in Note 5 to the condensed consolidated financial statements.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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