INCOME TAXES (Tables)

12 Months Ended

Jan. 28, 2017

Income Tax Disclosure [Abstract]

Components of Income Tax Expense (Benefit)

All of our operations are domestic.  Income tax expense (benefit) consisted of the following (in thousands):

	Fiscal Year
	2016			2015			2014
Federal income tax expense (benefit):
Current	$	(5,234	)	$	3,380		$	12,948
Deferred	(19,052		)	(2,156		)	3,048
	(24,286		)	1,224			15,996
State income tax expense (benefit):
Current	292			765			2,323
Deferred	(1,172		)	(174		)	300
	(880		)	591			2,623
Total income tax expense (benefit)	$	(25,166	)	$	1,815		$	18,619

Financial Presentation of Income Tax Expense (Benefit)

Income tax is included in the consolidated financial statements as follows (in thousands):

	Fiscal Year
	2016			2015		2014
Continuing operations	$	(25,166	)	$	1,815	$	22,847
Discontinued operations	—			—		(4,228		)
Total income tax expense (benefit)	$	(25,166	)	$	1,815	$	18,619

Reconciliation between federal income tax expense (benefit) computed at statutory tax rates and actual income tax expense (benefit) recorded

A reconciliation between the federal income tax expense (benefit) computed at statutory tax rates and the actual income tax expense (benefit) recorded is as follows (in thousands):

	Fiscal Year
	2016			2015			2014
Federal income tax expense (benefit) at the statutory rate	$	(22,072	)	$	1,958		$	17,314
State income taxes, net	(1,084		)	332			1,811
Uncertain tax position	(743		)	128			92
Other	654			474			590
Job credits	(1,921		)	(1,077		)	(1,188		)
Total income tax expense (benefit)	$	(25,166	)	$	1,815		$	18,619

Deferred tax assets (liabilities)

Deferred tax assets (liabilities) consisted of the following (in thousands):

	January 28, 2017			January 30, 2016
Gross deferred tax assets:
Net operating loss	$	10,184		$	469
Accrued expenses	2,893			2,719
Lease obligations	16,762			19,186
Deferred compensation	12,048			11,223
Deferred income	3,956			4,592
Other	4,434			2,879
	50,277			41,068
Gross deferred tax liabilities:
Inventory	(4,706		)	(6,725		)
Depreciation and amortization	(45,703		)	(54,218		)
	(50,409		)	(60,943		)
Valuation allowance	(415		)	(402		)
Net deferred tax liabilities	$	(547	)	$	(20,277	)

Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of total unrecognized tax benefits, including associated interest, is as follows (in thousands):

	2016
Balance, beginning of period	$	743
Release of FIN 48 reserve	(743		)
Balance, end of period	$	—