Income Taxes (Tables)

12 Months Ended

Jan. 30, 2016

Schedule Of The Components Of Income Tax Provision On Earnings From Continuing Operations

The components of income tax provision (benefit) on earnings from continuing operations were as follows:



($ thousands)	2015		2014			2013
Federal
Current	$	9,530	$	27,311		$	14,621
Deferred	11,202		(9,502		)	260
	20,732		17,809			14,881
State
Current	497		5,501			5,770
Deferred	1,176		(642		)	(1,210		)
	1,673		4,859			4,560
Foreign	4,537		4,516			4,317
Total income tax provision	$	26,942	$	27,184		$	23,758

Schedule Of The Differences Between The Tax Provision Reflected In The Consolidated Financial Statements And The Amounts Calculated At The Federal Statutory Income Tax Rate Of 35%

The differences between the income tax provision reflected in the consolidated financial statements and the amounts calculated at the federal statutory income tax rate of 35% were as follows:



($ thousands)	2015			2014			2013
Income taxes at statutory rate	$	38,068		$	38,544		$	27,208
State income taxes, net of federal tax benefit	2,481			3,159			2,964
Foreign earnings taxed at lower rates	(9,491		)	(8,882		)	(8,090		)
Non-deductibility of impairment of assets held for sale	—			—			1,631
Tax on international subsidiary dividend	—			1,040			—
Disposal and settlement of Shoes.com	(1,701		)	(7,428		)	—
Valuation allowance release on state loss carryforwards	(1,635		)	—			—
Valuation allowance release on other tax carryforwards	(1,367		)	—			—
Other	587			751			45
Total income tax provision	$	26,942		$	27,184		$	23,758

Schedule Of Significant Components Of The Company’s Deferred Income Tax Assets And Liabilities

Significant components of the Company’s deferred income tax assets and liabilities were as follows:



($ thousands)	January 30, 2016			January 31, 2015
Deferred Tax Assets
Employee benefits, compensation and insurance	$	24,740		$	26,430
Accrued expenses	16,118			16,539
Postretirement and postemployment benefit plans	721			862
Deferred rent	7,269			6,285
Accounts receivable reserves	7,946			7,563
Net operating loss (“NOL”) carryforward/carryback	7,943			9,483
Capital loss carryforward	2,368			5,188
Foreign tax credit carryforward	—			1,098
Inventory capitalization and inventory reserves	1,620			1,683
Intangible assets	—			4,865
Depreciation	630			3,957
Other	1,346			1,907
Total deferred tax assets, before valuation allowance	70,701			85,860
Valuation allowance	(6,544		)	(11,514		)
Total deferred tax assets, net of valuation allowance	64,157			74,346

Deferred Tax Liabilities
Retirement plans	(21,051		)	(23,822		)
LIFO inventory valuation	(61,585		)	(56,525		)
Capitalized software	(10,525		)	(12,721		)
Other	(786		)	(1,118		)
Intangible assets	(631		)	—
Total deferred tax liabilities	(94,578		)	(94,186		)
Net deferred tax liability	(30,421		)	(19,840		)

Summary Of A Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



($ thousands)
Balance at February 2, 2013	$	1,149
Reductions for tax positions of prior years due to a lapse in the statute of limitations	(134		)
Balance at February 1, 2014	$	1,015
Reductions for tax positions of prior years due to a lapse in the statute of limitations	—
Balance at January 31, 2015	$	1,015
Amounts settled and utilized for current tax obligations	(636		)
Reductions for tax positions of prior years	(379		)
Balance at January 30, 2016	$	—