Income Taxes (Tables)

12 Months Ended

Jan. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Earnings Before Income Taxes, By Tax Jurisdiction

The components of earnings before income taxes, by tax jurisdiction, are as follows:  

	For the Fiscal Year Ended
(In thousands)	January 30, 2022		January 31, 2021		February 2, 2020
United States	$	1,280,438	$	773,317	$	353,215
Foreign	170,813		121,149		103,806
Total	$	1,451,251	$	894,466	$	457,021

Schedule of Components of Provision for Income Taxes

The provision for income taxes consists of the following:

	For the Fiscal Year Ended
(In thousands)	January 30, 2022		January 31, 2021		February 2, 2020
Current
Federal	$	234,638	$	171,821	$	76,873
State	61,056		39,498		14,205
Foreign	26,685		15,494		12,438
Total Current	$	322,379	$	226,813	$	103,516
Deferred
Federal	$	5,896	$	(7,575)	$	(606)
State	(741)		(5,997)		(870)
Foreign	(2,620)		511		(1,081)
Total Deferred	$	2,535	$	(13,061)	$	(2,557)
Total provision	$	324,914	$	213,752	$	100,959

Schedule of Reconciliation of Income Taxes at Federal Statutory Corporate Rate to Effective Rate

A reconciliation of income taxes at the federal statutory corporate rate to the effective rate is as follows:  

	For the Fiscal Year Ended
(In thousands)	January 30, 2022		January 31, 2021		February 2, 2020
Federal income taxes at the statutory rate	21.0	%	21.0	%	21.0	%
State income tax rate	4.1	%	3.9	%	2.9	%
Officer’s compensation under Sec.162(m)	2.0	%	1.1	%	1.0	%
Deferred true up	(0.1	%)	(0.6	%)	(1.3	%)
Change in uncertain tax positions	(0.5	%)	0.2	%	0.5	%
Rate differential	(0.6	%)	(1.1	%)	(1.8	%)
Credits	(0.2	%)	(0.2	%)	(0.7	%)
Stock-based compensation	(2.9	%)	(0.2	%)	0.3	%
Other	(0.4	%)	(0.2	%)	0.2	%
Total	22.4	%	23.9	%	22.1	%

Schedule of Components of Deferred Income Tax Accounts

Significant components of our deferred income tax accounts are as follows:

(In thousands)	January 30, 2022		January 31, 2021
Deferred tax assets (liabilities)
Operating lease liabilities	$	321,649	$	319,599
Compensation	27,069		20,852
Merchandise inventories	23,513		20,631
Gift cards	21,519		19,345
Accrued liabilities	17,919		13,451
Stock-based compensation	11,879		9,926
Executive deferred compensation	10,476		8,647
State taxes	7,362		7,460
Loyalty rewards	5,246		9,609
Federal and state net operating loss	2,552		2,609
Operating lease right-of-use assets	(285,764)		(283,856)
Property and equipment	(76,643)		(54,724)
Deferred lease incentives	(28,808)		(31,672)
Other	57		(317)
Valuation allowance	(2,760)		(2,819)
Total deferred tax assets, net	$	55,266	$	58,741

Summary of Activity Related to Gross Unrecognized Tax Benefits

The following table summarizes the activity related to our gross unrecognized tax benefits:

	For the Fiscal Year Ended
(In thousands)	January 30, 2022		January 31, 2021		February 2, 2020
Beginning Balance	$	38,696	$	36,638	$	35,209
Increases related to current year tax positions	8,573		4,593		3,438
Increases for tax positions for prior years	1,738		848		1,405
Decrease for tax positions for prior years	(82)		(437)		(308)
Settlements	—		—		—
Lapse in statute of limitations	(15,313)		(2,946)		(3,106)
Ending Balance	$	33,612	$	38,696	$	36,638