Taxes on Earnings (Tables)

12 Months Ended

Jan. 30, 2016

Income Tax Disclosure [Abstract]

Schedule for Income Tax Provision

The provision for income taxes consisted of the following:

($000)	2015		2014		2013
Current
Federal	$	497,710	$	499,009	$	486,203
State	37,030		36,547		35,053
	534,740		535,556		521,256
Deferred
Federal	55,404		23,452		(11,055		)
State	954		1,634		(4,195		)
	56,358		25,086		(15,250		)
Total	$	591,098	$	560,642	$	506,006

Provision for Taxes Effective Rate

The provision for taxes for financial reporting purposes is different from the tax provision computed by applying the statutory federal income tax rate. The differences are reconciled below:

	2015		2014		2013
Federal income taxes at the statutory rate	35	%	35	%	35	%
State income taxes (net of federal benefit) and other, net	2	%	3	%	3	%
Total	37	%	38	%	38	%

Components of Deferred Income Taxes

The components of deferred taxes at January 30, 2016 and January 31, 2015 are as follows:

($000)	2015			2014
Deferred Tax Assets
Accrued liabilities	$	69,144		$	77,791
Deferred compensation	29,932			33,456
Stock-based compensation	41,388			35,332
Deferred rent	23,903			26,370
California franchise taxes and credits	21,973			18,478
Employee benefits	22,156			23,136
Other	6,835			4,927
	215,331			219,490
Deferred Tax Liabilities
Depreciation	(304,191		)	(252,013		)
Merchandise inventory	(28,085		)	(26,668		)
Supplies	(12,559		)	(11,616		)
Prepaid expenses	(584		)	(2,923		)
	(345,419		)	(293,220		)
Net Deferred Tax Liabilities	$	(130,088	)	$	(73,730	)

Unrecognized Tax Benefits

The changes in amounts of unrecognized tax benefits (gross of federal tax benefits and excluding interest and penalties) at fiscal 2015, 2014, and 2013 are as follows:

($000)	2015			2014			2013
Unrecognized tax benefits - beginning of year	$	78,116		$	80,323		$	65,667
Gross increases:
Tax positions in current period	14,990			15,441			15,591
Tax positions in prior period	—			—			2,418
Gross decreases:
Tax positions in prior periods	(10,589		)	(9,432		)	(519		)
Lapse of statute limitations	(4,216		)	(5,732		)	(2,274		)
Settlements	(2,929		)	(2,484		)	(560		)
Unrecognized tax benefits - end of year	$	75,372		$	78,116		$	80,323