Income Taxes (Tables)

12 Months Ended

Jan. 28, 2024

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 28, 2024		January 29, 2023		January 30, 2022
United States	$	1,154,160	$	1,331,492	$	1,280,438
Foreign	119,195		169,190		170,813
Total	$	1,273,355	$	1,500,682	$	1,451,251

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 28, 2024		January 29, 2023		January 30, 2022
Current
Federal	$	275,734	$	299,015	$	234,638
State	54,903		71,120		61,056
Foreign	22,041		26,466		26,685
Total current	$	352,678	$	396,601	$	322,379
Deferred
Federal	$	(30,632)	$	(17,293)	$	5,896
State	686		(3,292)		(741)
Foreign	861		(3,238)		(2,620)
Total deferred	$	(29,085)	$	(23,823)	$	2,535
Total provision	$	323,593	$	372,778	$	324,914

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 28, 2024		January 29, 2023		January 30, 2022
Federal income taxes at the statutory rate	21.0	%	21.0	%	21.0	%
State income tax rate	4.4		4.2		4.1
Officer’s compensation under Sec.162(m)	0.9		1.4		2.0
Deferred true up	0.2		0.1		(0.1)
Change in uncertain tax positions	(0.5)		0.3		(0.5)
Rate differential	(0.3)		(0.7)		(0.6)
Stock-based compensation	(0.3)		(1.7)		(2.9)
Credits	—		(0.2)		(0.2)
Other	—		0.4		(0.4)
Total	25.4	%	24.8	%	22.4	%

Schedule of Components of Deferred Income Tax Accounts

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

	As of
(In thousands)	January 28, 2024		January 29, 2023
Deferred tax assets (liabilities)
Operating lease liabilities	$	357,266	$	359,001
Merchandise inventories	37,828		32,338
Compensation	25,658		18,960
Gift cards	23,929		24,632
Accrued liabilities	20,178		22,356
Executive deferred compensation	11,061		9,605
Stock-based compensation	10,593		14,308
State taxes	7,492		8,084
Loyalty rewards	3,232		3,734
State net operating loss	1,153		2,446
Operating lease right-of-use assets	(310,299)		(321,646)
Property and equipment	(44,622)		(65,039)
Deferred lease incentives	(29,638)		(22,400)
Other	(5,003)		(4,756)
Valuation allowance	(1,346)		(2,635)
Total deferred tax assets, net	$	107,482	$	78,988

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 28, 2024		January 29, 2023		January 30, 2022
Beginning balance	$	37,068	$	33,612	$	38,696
Increases related to current year tax positions	4,966		8,169		8,573
Increases for tax positions for prior years	194		807		1,738
Decrease for tax positions for prior years	(1,170)		(2,237)		(82)
Lapse in statute of limitations	(9,476)		(3,283)		(15,313)
Ending balance	$	31,582	$	37,068	$	33,612