Income Taxes (Tables)

12 Months Ended

Feb. 03, 2018

Income Tax Disclosure [Abstract]

Summary of Income Before Income Taxes

The following is a summary of the income before income taxes (in thousands):

	Year Ended
	February 3,		January 28,		January 30,
	2018		2017		2016
Domestic	$	28,859	$	8,370	$	148,756
Foreign		1,292		184		1,128
Total income before income taxes	$	30,151	$	8,554	$	149,884

Summary of Income Tax Expense (Benefit)

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

	Year Ended
	February 3,			January 28,			January 30,
	2018			2017			2016
Current
Federal	$	18,593		$	751		$	55,676
State		2,761			2,410			9,112
Foreign		933			694			227
Total current tax expense		22,287			3,855			65,015
Deferred
Federal		6,042			2,109			(5,691	)
State		(355	)		(2,414	)		(648	)
Foreign		(3	)		(397	)		105
Total deferred tax expense (benefit)		5,684			(702	)		(6,234	)
Total income tax expense	$	27,971		$	3,153		$	58,781

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 3,			January 28,			January 30,
	2018			2017			2016
Provision at federal statutory tax rate		33.7	%		35.0	%		35.0	%
Non-deductible stock-based compensation		26.7			—			—
Federal statutory tax rate change		20.1			—			—
Goodwill impairment		17.9			—			—
State income taxes—net of federal tax impact		4.8			4.8			3.7
Aircraft expenses		3.6			3.3			0.1
Foreign income inclusion—transition tax		3.3			—			—
Meals and entertainment		1.5			5.0			0.2
Net adjustments to tax accruals and other		1.4			1.2			0.1
Other permanent items		1.3			2.8			0.1
Valuation allowance		1.1			0.9			—
Transaction costs		—			2.6			—
Stock compensation—excess benefits		(20.9	)		—			—
Foreign income		(0.9	)		(4.2	)		(0.1	)
Tax rate adjustments		(0.6	)		(5.8	)		0.1
Donation of appreciated property		(0.2	)		(8.7	)		—
Effective tax rate		92.8	%		36.9	%		39.2	%

Components of Deferred Tax Assets and Liabilities

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

	February 3,			January 28,
	2018			2017
Non-current deferred tax assets (liabilities)
Stock-based compensation	$	25,047		$	37,804
Deferred lease credits		18,355			25,457
Inventory		16,132			37,198
Accrued expense		10,488			18,024
Deferred revenue		3,313			1,887
Net operating loss carryforwards		1,584			1,044
U.S. impact of Canadian transfer pricing		1,089			1,404
Charitable contributions		106			1,877
Property and equipment		(21,869	)		(32,396	)
Trademarks and intangibles		(14,991	)		(28,345	)
Prepaid expense and other		(12,379	)		(28,387	)
State tax benefit		(2,394	)		(4,143	)
Convertible senior notes		(1,890	)		(3,867	)
Other		1,910			1,669
Non-current deferred tax assets		24,501			29,226
Valuation allowance		(1,190	)		(760	)
Net non-current deferred tax assets	$	23,311		$	28,466

Schedule of Reconciliation of Valuation Allowance

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

	Year Ended
	February 3,		January 28,		January 30,
	2018		2017		2016
Balance at beginning of fiscal year	$	760	$	158	$	176
Net changes in deferred tax assets and liabilities		430		602		(18	)
Balance at end of fiscal year	$	1,190	$	760	$	158

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 3,		January 28,		January 30,
	2018		2017		2016
Balance at beginning of fiscal year	$	2,190	$	921	$	940
Gross increases (decreases)—prior period tax positions		5,491		53		(88	)
Gross increases—current period tax positions		471		1,216		69
Balance at end of fiscal year	$	8,152	$	2,190	$	921