Income Taxes (Tables)

12 Months Ended

Jan. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of deferred income taxes

The components of deferred income taxes follow:

	2022		2021
Deferred Income Tax Assets
Federal net operating loss carryforward	$	2,082	$	7,763
State net operating loss carryforward	1,403		1,818
Intangible assets	397		286
Accrued liabilities	5,646		4,423
Equity-based compensation	2,032		1,083
Property and equipment	—		640
Merchandise inventories	689		330
Charitable Contributions	12		10
Total Deferred Income Tax Assets	12,261		16,353
Deferred Income Tax Liabilities
Property and equipment	(2,425)		—
Valuation Allowance	—		(16,353)
Net Deferred Income Tax Asset	$	9,836	$	—

Schedule of effective income tax rate reconciliation

The income tax provision differs from the amount obtained by applying the statutory Federal income tax rate to pre-tax income as follows:

	2022		2021		2020
Provision (benefit) at Federal Statutory rates	$	8,035	$	3,111	$	(3,184)
Permanent adjustments	(1,039)		(411)		(848)
State tax, net of Federal provision (benefit)	1,737		496		(582)
Change in state deferred tax	146		—		—
Federal True-ups	(164)		61		(394)
Uncertain tax positions- NOLS	—		—		(10,753)
Change in valuation allowance	(16,353)		(3,171)		15,804
Income (benefit) tax provision	$	(7,638)	$	86	$	43

Differences in terms of percentages are as follows:

	2022		2021		2020
Provision (benefit) at Federal Statutory rates	21.0	%	21.0	%	(21.0)	%
Permanent adjustments	(2.7)	%	(2.8)	%	(5.6)	%
State tax, net of Federal provision (benefit)	4.5	%	3.4	%	(3.8)	%
Change in state deferreds	0.4	%	—	%	—	%
Federal True-ups	(0.4)	%	0.4	%	(2.6)	%
Uncertain tax positions- NOLS	—	%	—	%	(70.9)	%
Change in valuation allowance	(42.7)	%	(21.4)	%	104.2	%
Income tax provision	(20.0)	%	0.6	%	0.3	%

Schedule of federal, state and local corporate income taxes

The Company is subject to federal, state and local corporate income taxes. The components of the provision for income taxes reflected on the consolidated statements of operations are set forth below:

	2022		2021		2020
Current taxes:
U.S. federal	$	—	$	—	$	—
State and local	2,198		86		43
Total current tax expense	$	2,198	$	86	$	43
Deferred taxes:
U.S. federal	$	(7,254)	$	—	$	—
State and local	(2,582)		—		—
Total deferred tax expense (benefit)	(9,836)		—		—
Total tax provision	$	(7,638)	$	86	$	43

Schedule of unrecognized tax benefits

	2022		2021		2020
Beginning balance	$	—	$	—	$	10,753
Additions for tax positions acquired	—		—		—
Additions for tax positions related to current year	—		—		—
Tax positions of prior years:
Payments	—		—		—
Settlements	—		—		—
Release	—		—		(10,753)
Ending balance	$	—	$	—	$	—