Reconciliation Of Effective Tax Rate - (Tables)

12 Months Ended

Jan. 30, 2021

EffectiveIncomeTaxRateContinuingOperationsTaxRateReconciliationAbstract

Reconciliation Of Effective Tax Rate

`

January 30,

2021

February 1,

2020

February 2,

2019

Fiscal Year Ended

Federal income tax rate

21.0

%

21.0

%

21.0

%

State income taxes

4.0

1.7

1.1

CARES ACT - Carryback differential

18.3

-

-

Global intangible low-taxed income

(5.3)

5.9

6.2

Foreign tax credit

-

(3.7)

(4.0)

Foreign rate differential

1.2

(2.5)

(2.6)

Offshore claim

2.5

(5.2)

(5.7)

Work opportunity credit

0.2

(3.2)

(3.4)

Addback on wage related credits

-

0.7

0.7

Tax exempt interest

-

(0.2)

(2.4)

Charitable contribution of inventory

(0.2)

-

-

Uncertain tax positions

3.3

(1.0)

(1.5)

Deferred rate change

(0.1)

-

(2.0)

Valuation allowance

(5.7)

2.6

-

Other

(4.4)

0.8

0.4

Effective income tax rate (1)

34.8

%

16.9

%

7.8

%

(1) The income tax rate for year ended January 30, 2021 represents an income tax benefit, while the

rate for the years ended February 1, 2020 and February 2, 2019 represent income tax expenses.