Income Taxes (Tables)

12 Months Ended

Feb. 01, 2014

Income Tax Disclosure [Abstract]

Components of earnings from continuing operations before income taxes

The components of earnings from continuing operations before income taxes is comprised of the following:

In thousands	2014		2013		2012
United States	$	152,832	$	152,457	$	139,174
Foreign	6,028		12,375		17,219
Total Earnings from Continuing Operations before Income Taxes	$	158,860	$	164,832	$	156,393

Income tax expense from continuing operations

Income tax expense from continuing operations is comprised of the following:

In thousands	2014			2013			2012
Current
U.S. federal	$	35,463		$	50,859		$	42,103
International	7,293			9,853			2,226
State	8,139			8,841			8,952
Total Current Income Tax Expense	50,895			69,553			53,281
Deferred
U.S. federal	14,078			(7,924		)	5,579
International	(1,813		)	(6,379		)	4,370
State	2,718			(3,315		)	(288		)
Total Deferred Income Tax Expense (Benefit)	14,983			(17,618		)	9,661
Total Income Tax Expense – Continuing Operations	$	65,878		$	51,935		$	62,942

Deferred tax assets and liabilities

 Deferred tax assets and liabilities are comprised of the following:

	February 1,			February 2,
In thousands	2014			2013
Identified intangibles	$	(28,468	)	$	(28,076	)
Prepaids	(3,063		)	(2,943		)
Convertible bonds	(3,001		)	(3,001		)
Total deferred tax liabilities	(34,532		)	(34,020		)
Options	448			965
Deferred rent	4,986			5,847
Pensions	4,253			8,321
Expense accruals	15,673			16,766
Uniform capitalization costs	13,750			12,539
Book over tax depreciation	2,839			13,783
Provisions for discontinued operations and restructurings	4,731			4,745
Inventory valuation	2,115			2,015
Tax net operating loss and credit carryforwards	2,396			3,535
Allowances for bad debts and notes	761			1,598
Deferred compensation and restricted stock	6,606			6,382
Other	4,320			3,500
Gross deferred tax assets	62,878			79,996
Deferred tax asset valuation allowance	(3,771		)	(3,541		)
Deferred tax asset net of valuation allowance	59,107			76,455
Net Deferred Tax Assets	$	24,575		$	42,435

Deferred tax assets net classification

The deferred tax balances have been classified in the Consolidated Balance Sheets as follows:

	2014			2013
Net current asset	$	23,089		$	23,725
Net non-current asset	3,342			18,731
Net non-current liability	(1,856		)	(21		)
Net Deferred Tax Assets	$	24,575		$	42,435

Reconciliation of the United States federal statutory rate to the Company's effective tax rate from continuing operations

Reconciliation of the United States federal statutory rate to the Company’s effective tax rate from continuing operations is as follows:

	2014		2013		2012
U. S. federal statutory rate of tax	35.00	%	35.00	%	35.00	%
State taxes (net of federal tax benefit)	4.62		3.11		3.62
Foreign rate differential	(1.24	)	(1.98	)	(1.71	)
Change in valuation allowance	0.05		(0.17	)	0.60
Permanent items	2.18		1.85		2.27
Uncertain federal, state and foreign tax positions	0.21		(5.73	)	—
Other	0.65		(0.57	)	0.47
Effective Tax Rate	41.47	%	31.51	%	40.25	%

Reconciliation of the total amounts of unrecognized tax benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for Fiscal 2014, 2013 and 2012.

In thousands	2014			2013			2012
Unrecognized Tax Benefit – Beginning of Period	$	10,437		$	20,467		$	14,167
Gross Increases (Decreases) – Tax Positions in a Prior Period	139			(2,464		)	(29		)
Gross Increases – Tax Positions in a Current Period	1,452			133			6,986
Settlements	(340		)	(449		)	(533		)
Lapse of Statutes of Limitations	(728		)	(7,250		)	(124		)
Unrecognized Tax Benefit – End of Period	$	10,960		$	10,437		$	20,467