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Income Taxes
3 Months Ended
Apr. 30, 2016
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE 10—INCOME TAXES

The Company recorded an income tax benefit of $8.5 million in the three months ended April 30, 2016 compared to income tax expense of $4.2 million in the three months ended May 2, 2015. The effective tax rate was 38.8% and 37.1% for the three months ended April 30, 2016 and May 2, 2015, respectively.

As of both April 30, 2016 and January 30, 2016, $0.9 million of the exposures related to unrecognized tax benefits would affect the effective tax rate if realized and are included in other non-current obligations on the condensed consolidated balance sheets. These amounts are primarily associated with foreign tax exposures that would, if realized, reduce the amount of net operating losses that would ultimately be utilized. As of April 30, 2016, the Company does not have any exposures related to unrecognized tax benefits that are expected to decrease in the next 12 months.