Income Taxes (Tables)

12 Months Ended

Jan. 31, 2015

Summary of the entity's distribution between domestic and foreign earnings (loss) from continuing operations before income taxes and the provision (benefit) for income taxes related to continuing operations

The following table summarizes our distribution between domestic and foreign earnings (loss) before income taxes and the provision (benefit) for income taxes (in thousands):



	Fiscal 2014			Fiscal 2013			Fiscal 2012
Earnings before income taxes:
Domestic	$	90,254		$	98,476		$	63,429
Foreign	(10,134		)	(17,975		)	(12,540		)
Earnings before income taxes	$	80,120		$	80,501		$	50,889

Income taxes:
Current:
Federal	$	32,298		$	30,190		$	21,682
State	4,601			3,911			2,365
Foreign	652			423			(724		)
	37,551			34,524			23,323
Deferred—primarily Federal	(3,114		)	1,343			(3,271		)
Deferred—Foreign	(75		)	(657		)	(480		)
Income taxes	$	34,362		$	35,210		$	19,572

Schedule of reconciliations of the United States federal statutory income tax rates and the entity's effective tax rates

Reconciliations of the United States federal statutory income tax rates and our effective tax rates are summarized as follows:



	Fiscal 2014		Fiscal 2013		Fiscal 2012
Statutory tax rate	35.0	%	35.0	%	35.0	%
State income taxes—net of federal income tax benefit	3.1	%	3.1	%	3.0	%
Impact of foreign operations (1)	1.9	%	2.6	%	3.3	%
Valuation allowance against foreign losses and other carryforwards (2)	2.8	%	4.5	%	4.1	%
Reduction in contingency reserves related to unrecognized tax benefits (3)	—	%	—	%	(3.7	)%
Change in assertion on permanent reinvestment of foreign earnings	—	%	—	%	(1.9	)%
Other, net	0.1	%	(1.5	)%	(1.3	)%
Effective tax rate for continuing operations	42.9	%	43.7	%	38.5	%

(1) Impact of foreign operations primarily reflects the rate differential between the United States and the respective foreign jurisdictions on foreign losses.

(2) Valuation allowance against foreign losses primarily reflects the valuation allowance recognized due to our inability to recognize an income tax benefit related to certain operating loss carry-forwards and deferred tax assets during the period.

(3) Fiscal 2012 included a $2.2 million reduction in income tax contingency reserves upon the expiration of the corresponding statute of limitations.

Schedule of deferred tax assets and liabilities included in the entity's consolidated balance sheets

Deferred tax assets and liabilities included in our consolidated balance sheets are comprised of the following (in thousands):



	January 31, 2015			February 1, 2014
Deferred Tax Assets:
Inventories	$	15,385		$	14,674
Accrued compensation and benefits	11,727			7,993
Receivable allowances and reserves	2,439			2,187
Depreciation and amortization	2,038			1,988
Deferred rent and lease obligations	3,729			3,315
Operating loss and other carry-forwards	6,907			6,730
Other, net	1,408			1,014
Deferred tax assets	43,633			37,901
Deferred Tax Liabilities:
Acquired intangible assets	(43,885		)	(43,364		)
Deferred tax liabilities	(43,885		)	(43,364		)
Valuation allowance	(8,457		)	(6,831		)
Net deferred tax liability	$	(8,709	)	$	(12,294	)

Schedule of deferred income taxes included in the line items in the entity's consolidated balance sheets

The amounts of deferred income taxes included in the following line items in our consolidated balance sheets are as follows (in thousands):



	January 31, 2015			February 1, 2014
Assets:
Deferred tax assets	$	24,503		$	20,465
Liabilities:
Deferred tax liabilities	(33,212		)	(32,759		)
Net deferred tax liability	$	(8,709	)	$	(12,294	)

Schedule of reconciliation of unrecognized tax benefits at the beginning and end of the year

The amounts of deferred income taxes included in the following line items in our consolidated balance sheets are as follows (in thousands):



	January 31, 2015			February 1, 2014
Assets:
Deferred tax assets	$	24,503		$	20,465
Liabilities:
Deferred tax liabilities	(33,212		)	(32,759		)
Net deferred tax liability	$	(8,709	)	$	(12,294	)