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Income Taxes
9 Months Ended
Oct. 29, 2016
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The provision for income taxes for interim periods is based on an estimate of the annual effective tax rate adjusted to reflect the impact of discrete items. Management judgment is required in projecting ordinary income to estimate the Company’s annual effective tax rate.
The effective tax rate for the thirteen weeks ended October 29, 2016, was 22.6%, compared to 38.6% for the thirteen weeks ended October 31, 2015. The year-over year decrease is primarily due to the release of approximately $1.6 million of certain income tax reserves as a result of the conclusion of an Internal Revenue Service ("IRS") audit.
The effective tax rate for the thirty-nine weeks ended October 29, 2016, was 30.3%, compared to 43.8% for the thirty-nine weeks ended October 31, 2015. The year-over year decrease is primarily due to the release of approximately $1.6 million of certain income tax reserves as a result the conclusion of an IRS audit. The current-year period rate was also positively impacted by a discrete item related to an excess tax benefit from share-based payments as a result of the early adoption of ASU 2016-09, as further described in Note 1 herein.