Income Taxes (Tables)

12 Months Ended

Feb. 02, 2025

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)	February 2, 2025		January 28, 2024		January 29, 2023
United States	$	1,301,017	$	1,154,160	$	1,331,492
Foreign	184,715		119,195		169,190
Total	$	1,485,732	$	1,273,355	$	1,500,682

Schedule of Components of Provision for Income Taxes

The provision for income taxes consists of the following:

	For the Fiscal Year Ended
(In thousands)	February 2, 2025		January 28, 2024		January 29, 2023
Current
Federal	$	276,201	$	275,734	$	299,015
State	64,834		54,903		71,120
Foreign	29,187		22,041		26,466
Total current	$	370,222	$	352,678	$	396,601
Deferred
Federal	$	(7,608)	$	(30,632)	$	(17,293)
State	(1,925)		686		(3,292)
Foreign	(208)		861		(3,238)
Total deferred	$	(9,741)	$	(29,085)	$	(23,823)
Total provision	$	360,481	$	323,593	$	372,778

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
	February 2, 2025		January 28, 2024		January 29, 2023
Federal income taxes at the statutory rate	21.0	%	21.0	%	21.0	%
State income tax rate	4.1		4.4		4.2
Officer’s compensation under Sec.162(m)	0.9		0.9		1.4
Change in uncertain tax positions	0.2		(0.5)		0.3
Deferred true up	—		0.2		0.1
Stock-based compensation	(1.1)		(0.3)		(1.7)
Foreign rate differential	(0.5)		(0.3)		(0.7)
Credits	(0.1)		—		(0.2)
Other	(0.2)		—		0.4
Total	24.3	%	25.4	%	24.8	%

Schedule of Components of Deferred Income Tax Accounts

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

	As of
(In thousands)	February 2, 2025		January 28, 2024
Deferred tax assets (liabilities)
Operating lease liabilities	$	332,146	$	357,266
Merchandise inventories	36,935		37,828
Compensation	28,832		25,658
Gift cards	24,515		23,929
Accrued liabilities	16,879		20,178
Stock-based compensation	13,822		10,593
Executive deferred compensation	12,204		11,061
State taxes	7,956		7,492
Loyalty rewards	2,972		3,232
State net operating loss	977		1,153
Operating lease right-of-use assets	(294,216)		(310,299)
Property and equipment	(34,254)		(44,622)
Deferred lease incentives	(23,452)		(29,638)
Other	(7,587)		(5,003)
Valuation allowance	(1,198)		(1,346)
Total deferred tax assets, net	$	116,531	$	107,482

Schedule of Components of Deferred Income Tax Accounts

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

	For the Fiscal Year Ended
(In thousands)	February 2, 2025		January 28, 2024		January 29, 2023
Beginning balance	$	31,582	$	37,068	$	33,612
Increases related to current year tax positions	5,119		4,966		8,169
Increases for tax positions for prior years	271		194		807
Decrease for tax positions for prior years	(558)		(1,170)		(2,237)
Settlements	(370)		—		—
Lapse in statute of limitations	(3,671)		(9,476)		(3,283)
Ending balance	$	32,373	$	31,582	$	37,068