Income Taxes (Tables)

12 Months Ended

Feb. 01, 2014

Income Tax Disclosure [Abstract]

Summary of Income Tax Expense (Benefit)

The following is a summary of the income tax expense (benefit) (in thousands):

	Year Ended
	February 1, 2014			February 2, 2013			January 28, 2012
Current
Federal	$	21,593		$	—		$	—
State		4,182			236			331
Foreign		(454	)		(387	)		595
Total current tax expense (benefit)		25,321			(151	)		926
Deferred
Federal		6,215			(48,745	)		(76	)
State		(596	)		(12,903	)		223
Foreign		(17	)		(224	)		48
Total deferred tax expense (benefit)		5,602			(61,872	)		195
Total income tax expense (benefit)	$	30,923		$	(62,023	)	$	1,121

Schedule of Reconciliation of Federal Statutory Tax Rate to Company's Effective Tax Rate

A reconciliation of the federal statutory tax rate to the Company’s effective tax rate is as follows:

	Year Ended
	February 1, 2014			February 2, 2013			January 28, 2012
Provision at federal statutory tax rate		35.0	%		35.0	%		34.0	%
State income taxes—net of federal tax impact		5.8			0.7			5.6
Stock-based compensation		21.3			(30.0	)		12.4
Valuation allowance		(0.1	)		76.5			(49.4	)
Foreign income		(0.2	)		0.6			(2.0	)
Net adjustments to tax accruals and other		1.2			0.1			4.6
Effective tax rate		63.0	%		82.9	%		5.2	%

Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):

	February 1, 2014			February 2, 2013
Current deferred tax assets (liabilities)
Accrued expense	$	22,164		$	11,026
State tax benefit		428			(931	)
Inventory		19,350			14,215
Deferred revenue		1,891			20,144
Net operating loss carryforwards		—			12,337
Construction allowance		(1,694	)		(1,698	)
Stock-based compensation		1,038			—
Prepaid expense and other		(21,896	)		(18,056	)
Current deferred tax assets		21,281			37,037
Valuation allowance		(26	)		(31	)
Net current deferred tax assets		21,255			37,006
Non-current deferred tax assets (liabilities)
State tax benefit		(2,536	)		(2,040	)
Stock-based compensation		34,005			21,231
Deferred lease credits		12,884			9,687
Property and equipment		(12,362	)		(5,975	)
Net operating loss carryforwards		884			262
U.S. impact of Canadian transfer pricing		1,780			2,091
Trademarks		(19,327	)		(19,361	)
Other		1,832			1,240
Non-current deferred tax assets		17,160			7,135
Valuation allowance		(180	)		(262	)
Net non-current deferred tax assets		16,980			6,873
Net deferred tax assets	$	38,235		$	43,879

Schedule of Reconciliation of Valuation Allowance

A reconciliation of the valuation allowance is as follows (in thousands):

	Year Ended
	February 1, 2014			February 2, 2013			January 28, 2012
Balance at beginning of fiscal year	$	293		$	57,484		$	68,318
Charged to expense		—			(57,185	)		299
Net changes in deferred tax assets and liabilities		(87	)		(6	)		(11,133	)
Balance at end of fiscal year	$	206		$	293		$	57,484

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the exposures related to unrecognized tax benefits is as follows (in thousands):

	Year Ended
	February 1, 2014			February 2, 2013			January 28, 2012
Balance at beginning of fiscal year	$	1,841		$	2,505		$	9,015
Gross decreases—prior period tax positions		(151	)		(57	)		—
Gross decreases—current period tax positions		—			—			(14	)
Consent for accounting method change		—			—			(6,496	)
Lapses in statute of limitations		(295	)		(607	)		—
Balance at end of fiscal year	$	1,395		$	1,841		$	2,505