Income Taxes (Tables)

12 Months Ended

Feb. 01, 2020

Income Tax Disclosure [Abstract]

Schedule of provision for federal and state income taxes

(in thousands of dollars)	Fiscal 2019			Fiscal 2018			Fiscal 2017
Current:
Federal	$	27,684		$	34,960		$	91,799
State	541			2,436			2,466
	28,225			37,396			94,265
Deferred:
Federal	(5,293		)	2,353			(100,954		)
State	(122		)	(2,019		)	(1,111		)
	(5,415		)	334			(102,065		)
	$	22,810		$	37,730		$	(7,800	)

Schedule of reconciliation between the Company's income tax provision and income taxes using the federal income tax rate

(in thousands of dollars)	Fiscal 2019			Fiscal 2018			Fiscal 2017
Income tax at the statutory federal rate (inclusive of income on and equity in earnings of joint ventures)	$	28,117		$	43,679		$	72,000
State income taxes, net of federal benefit (inclusive of income on and equity in earnings of joint ventures)	(2,782		)	2,538			(22		)
Net changes in unrecognized tax benefits, interest and penalties /reserves	1,017			(421		)	(448		)
Tax benefit of federal credits	(5,094		)	(4,563		)	(4,440		)
Changes in cash surrender value of life insurance policies	(404		)	(410		)	(441		)
Changes in valuation allowance	2,017			(2,039		)	222
Tax benefit of dividends paid to ESOP	(684		)	(621		)	(810		)
Estimated adjustments to net deferred tax liabilities for enacted changes in tax laws and rates	—			(1,521		)	(74,216		)
Other	623			1,088			355
	$	22,810		$	37,730		$	(7,800	)

Schedule of deferred tax assets and liabilities

(in thousands of dollars)	February 1, 2020			February 2, 2019
Property and equipment bases and depreciation differences	$	14,985		$	22,942
Prepaid expenses	47,181			45,101
Joint venture bases differences	6,512			6,889
Differences between book and tax bases of inventory	22,705			18,770
Operating lease assets	11,323			—
Other	3,301			2,953
Total deferred tax liabilities	106,007			96,655
Accruals not currently deductible	(79,575		)	(66,325		)
Operating lease liabilities	(11,184		)	—
Net operating loss carryforwards	(64,270		)	(67,512		)
State income taxes	(749		)	(236		)
Other	(3,715		)	(2,267		)
Total deferred tax assets	(159,493		)	(136,340		)
Valuation allowance	55,671			53,172
Net deferred tax assets	(103,822		)	(83,168		)
Net deferred income taxes	$	2,185		$	13,487

Schedule of classification of deferred tax assets and liabilities

(in thousands of dollars)	February 1, 2020			February 2, 2019
Net deferred tax assets—other assets	$	(1,305	)	$	—
Net deferred tax liabilities—deferred income taxes	3,490			13,487
Net deferred income taxes	$	2,185		$	13,487

Schedule of reconciliation of beginning and ending amount of unrecognized tax benefits

(in thousands of dollars)	Fiscal 2019			Fiscal 2018			Fiscal 2017
Unrecognized tax benefits at beginning of period	$	2,688		$	3,189		$	4,013
Gross increases—tax positions in prior period	1,865			37			2
Gross decreases—tax positions in prior period	(538		)	(606		)	(710		)
Gross increases—current period tax positions	1,453			483			417
Settlements	—			—			(81		)
Lapse of statutes of limitation	(277		)	(415		)	(452		)
Unrecognized tax benefits at end of period	$	5,191		$	2,688		$	3,189