Income Taxes (Tables)

12 Months Ended

Jan. 29, 2023

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 29, 2023		January 30, 2022		January 31, 2021
United States	$	1,331,492	$	1,280,438	$	773,317
Foreign	169,190		170,813		121,149
Total	$	1,500,682	$	1,451,251	$	894,466

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 29, 2023		January 30, 2022		January 31, 2021
Current
Federal	$	299,015	$	234,638	$	171,821
State	71,120		61,056		39,498
Foreign	26,466		26,685		15,494
Total Current	$	396,601	$	322,379	$	226,813
Deferred
Federal	$	(17,293)	$	5,896	$	(7,575)
State	(3,292)		(741)		(5,997)
Foreign	(3,238)		(2,620)		511
Total Deferred	$	(23,823)	$	2,535	$	(13,061)
Total provision	$	372,778	$	324,914	$	213,752

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 29, 2023		January 30, 2022		January 31, 2021
Federal income taxes at the statutory rate	21.0	%	21.0	%	21.0	%
State income tax rate	4.2		4.1		3.9
Officer’s compensation under Sec.162(m)	1.4		2.0		1.1
Change in uncertain tax positions	0.3		(0.5)		0.2
Deferred true up	0.1		(0.1)		(0.6)
Rate differential	(0.7)		(0.6)		(1.1)
Credits	(0.2)		(0.2)		(0.2)
Stock-based compensation	(1.7)		(2.9)		(0.2)
Other	0.4		(0.4)		(0.2)
Total	24.8	%	22.4	%	23.9	%

Schedule of Components of Deferred Income Tax Accounts

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

	As of
(In thousands)	January 29, 2023		January 30, 2022
Deferred tax assets (liabilities)
Operating lease liabilities	$	359,001	$	321,649
Merchandise inventories	32,338		23,513
Gift cards	24,632		21,519
Accrued liabilities	22,356		17,919
Compensation	18,960		27,069
Stock-based compensation	14,308		11,879
Executive deferred compensation	9,605		10,476
State taxes	8,084		7,362
Loyalty rewards	3,734		5,246
State net operating loss	2,446		2,552
Operating lease right-of-use assets	(321,646)		(285,764)
Property and equipment	(65,039)		(76,643)
Deferred lease incentives	(22,400)		(28,808)
Other	(4,756)		57
Valuation allowance	(2,635)		(2,760)
Total deferred tax assets, net	$	78,988	$	55,266

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 29, 2023		January 30, 2022		January 31, 2021
Beginning Balance	$	33,612	$	38,696	$	36,638
Increases related to current year tax positions	8,169		8,573		4,593
Increases for tax positions for prior years	807		1,738		848
Decrease for tax positions for prior years	(2,237)		(82)		(437)
Lapse in statute of limitations	(3,283)		(15,313)		(2,946)
Ending Balance	$	37,068	$	33,612	$	38,696