Income Taxes (Tables)

12 Months Ended

Jan. 28, 2017

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
	January 28,			January 30,			January 31,
	2017			2016			2015
Current
Federal	$	751		$	55,676		$	45,611
State		2,410			9,112			9,235
Foreign		694			227			(596	)
Total current tax expense		3,855			65,015			54,250
Deferred
Federal		2,109			(5,691	)		3,895
State		(2,414	)		(648	)		(973	)
Foreign		(397	)		105			1
Total deferred tax expense (benefit)		(702	)		(6,234	)		2,923
Total income tax expense	$	3,153		$	58,781		$	57,173

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
	January 28,			January 30,			January 31,
	2017			2016			2015
Provision at federal statutory tax rate		35.0	%		35.0	%		35.0	%
State income taxes—net of federal tax impact		4.8			3.7			4.0
Donation of appreciated property		(8.7	)		—			—
Meals and entertainment		5.0			0.2			0.2
Aircraft expenses		3.3			0.1			—
Transaction costs		2.6			—			—
Other permanent items		2.8			0.1			0.1
Valuation allowance		0.9			—			—
Tax rate adjustments		(5.8	)		0.1			(0.4	)
Foreign income		(4.2	)		(0.1	)		(0.3	)
Net adjustments to tax accruals and other		1.2			0.1			—
Effective tax rate		36.9	%		39.2	%		38.6	%

Components of Deferred Tax Assets and Liabilities

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

	January 28,			January 30,
	2017			2016
Non-current deferred tax assets (liabilities)
Stock-based compensation	$	37,804		$	32,248
Inventory		37,198			29,430
Deferred lease credits		25,457			20,074
Accrued expense		18,024			18,964
Deferred revenue		1,887			1,800
Charitable contributions		1,877			—
U.S. impact of Canadian transfer pricing		1,404			1,420
Net operating loss carryforwards		1,044			214
Property and equipment		(32,396	)		(24,905	)
Prepaid expense and other		(28,387	)		(17,956	)
Trademarks and domain names		(28,345	)		(18,414	)
State tax benefit		(4,143	)		(3,052	)
Convertible senior notes		(3,867	)		(4,719	)
Other		1,669			1,793
Non-current deferred tax assets		29,226			36,897
Valuation allowance		(760	)		(158	)
Net non-current deferred tax assets	$	28,466		$	36,739

Schedule of Reconciliation of Valuation Allowance

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

	Year Ended
	January 28,		January 30,			January 31,
	2017		2016			2015
Balance at beginning of fiscal year	$	158	$	176		$	206
Net changes in deferred tax assets and liabilities		602		(18	)		(30	)
Balance at end of fiscal year	$	760	$	158		$	176

Schedule of Reconciliation of Unrecognized Tax Benefits

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

	Year Ended
	January 28,		January 30,			January 31,
	2017		2016			2015
Balance at beginning of fiscal year	$	921	$	940		$	1,395
Gross increases (decreases)—prior period tax positions		53		(88	)		(122	)
Gross increases—current period tax positions		1,216		69			—
Lapses in statute of limitations		—		—			(333	)
Balance at end of fiscal year	$	2,190	$	921		$	940