Income Taxes (Tables)

12 Months Ended

Jan. 30, 2022

Income Tax Disclosure [Abstract]

Provision (Benefit) for Income Taxes

The following table sets forth our income tax provision:

	January 30, 2022		January 31, 2021			February 2, 2020
Current provision:
Federal	$	21,899		$ (78,629)		$	11,744
State and local		4,577		(1,360	)		8,562
Foreign		333		(78	)		100
Total current provision		26,809		(80,067	)		20,406

	January 30, 2022			January 31, 2021			February 2, 2020
Deferred provision (benefit):
Federal		(2,354	)		(5,415	)		7,109
State and local		(5,441	)		1,951			(365	)
Foreign		—			99			(271	)
Total deferred provision (benefit)		(7,795	)		(3,365	)		6,473
Provision for income taxes	$	19,014		$	(83,432	)	$	26,879

Components of Deferred Income Tax Liability

Components of the deferred income tax liability, net consist of the following:

	January 30, 2022			January 31, 2021
Deferred tax assets:
Deferred revenue	$	27,577		$	24,136
Operating lease liability		380,145			383,378
Accrued liabilities		2,961			1,332
Workers compensation and general liability insurance		4,068			3,923
Share-based compensation		7,614			7,236
Hedging transactions		1,044			3,488
Net operating loss carryovers		8,028			10,303
Tax credit carryovers		943			3,054
Indirect benefit of unrecognized tax benefits		529			639
Other		4,173			5,549
Subtotal		437,082			443,038
Less: valuation allowance		(8,501	)		(13,747	)
Total deferred tax assets	$	428,581		$	429,291
Deferred tax liabilities:
Trademark/tradename	$	21,583		$	21,583
Property and equipment		121,516			127,969
Operating lease right of use asset		287,255			287,030
Other		278			493
Total deferred tax liabilities	$	430,632		$	437,075
Deferred tax liability, net		$ 2,051			$ 7,784

Change in Unrecognized Tax Benefits

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

	January 30, 2022			January 31, 2021			February 2, 2020
Balance at beginning of year	$	2,564		$	2,080		$	2,333
Additions for tax positions of prior years		95			28			463
Reductions for tax positions of prior years		—			—			(44	)
Additions for tax positions of current year		757			660			450
Settlements with taxing authorities		—			—			(390	)
Lapse of statute of limitations		(330	)		(204	)		(732	)
Balance at end of year	$	3,086		$	2,564		$	2,080

Reconciliation of Effective Tax Rate To The Federal Income Tax Rate

The following table reconciles the effective tax rate to the federal income tax rate:

	January 30, 2022			January 31, 2021			February 2, 2020
Federal income tax rate		21.0	%		21.0	%		21.0	%
State and local income taxes, net of federal benefit		5.0	%		2.7	%		5.4	%
Permanent differences		2.0	%		(0.2	)%		1.5	%
Tax credits		(4.9	)%		0.7	%		(6.4	)%
Share-based compensation		(3.6	)%		(0.2	)%		(0.9	)%
Impact of net operating loss carryback		—	%		7.5	%		—	%
Other		(4.6	)%		(2.8	)%		0.5	%
Effective tax rate		14.9	%		28.7	%		21.1	%