Income Taxes (Tables)

12 Months Ended

Feb. 02, 2019

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes was comprised of the following:



(In thousands)	2018		2017		2016
Current:
U.S. Federal	$	35,025	$	63,743	$	87,521
U.S. State and local	10,341		9,201		13,122
Total current tax expense	45,366		72,944		100,643
Deferred:
U.S. Federal	5,300		28,336		(7,965		)
U.S. State and local	53		4,242		(1,207		)
Total deferred tax expense	5,353		32,578		(9,172		)
Income tax provision	$	50,719	$	105,522	$	91,471

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Reconciliation between the statutory federal income tax rate and the effective income tax rate was as follows:



	2018		2017		2016
Statutory federal income tax rate	21.0	%	33.7	%	35.0	%
Effect of:
State and local income taxes, net of federal tax benefit	4.0		3.0		3.2
Executive compensation limitations - permanent difference	0.7		—		—
Provisional effect of the TCJA	(0.3	)	1.5		—
Work opportunity tax and other employment tax credits	(1.4	)	(1.0	)	(1.1	)
Excess tax detriment (benefit) from share-based compensation	0.4		(1.3	)	—
Other, net	—		(0.2	)	0.3
Effective income tax rate	24.4	%	35.7	%	37.4	%

Schedule of Income Taxes Paid [Table Text Block]

Income tax payments and refunds were as follows:



(In thousands)	2018			2017			2016
Income taxes paid	$	59,691		$	99,693		$	103,323
Income taxes refunded	(474		)	(888		)	(16,187		)
Net income taxes paid	$	59,217		$	98,805		$	87,136

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of our deferred tax assets and liabilities were as follows:



(In thousands)	February 2, 2019			February 3, 2018
Deferred tax assets:
Workers’ compensation and other insurance reserves	$	20,841		$	21,106
Uniform inventory capitalization	18,454			13,591
Compensation related	17,218			14,308
Accrued rent	16,208			15,292
Depreciation and fixed asset basis differences	10,497			8,435
State tax credits, net of federal tax benefit	3,856			4,246
Accrued state taxes	3,416			3,749
Accrued operating liabilities	1,316			537
Other	11,767			11,623
Valuation allowances, net of federal tax benefit	(2,940		)	(2,311		)
Total deferred tax assets	100,633			90,576
Deferred tax liabilities:
Accelerated depreciation and fixed asset basis differences	66,016			51,310
Lease construction reimbursements	13,917			11,542
Prepaid expenses	4,285			5,559
Workers’ compensation and other insurance reserves	2,477			2,424
Other	5,305			5,755
Total deferred tax liabilities	92,000			76,590
Net deferred tax assets	$	8,633		$	13,986

Summary of Tax Credit Carryforwards [Table Text Block]

We have the following income tax loss and credit carryforwards at February 2, 2019 (amounts are shown net of tax excluding the federal income tax effect of the state and local items):



(In thousands)
U.S. State and local:
State net operating loss carryforwards	$	15	Expires fiscal years 2020
California enterprise zone credits	4,566		Predominately expires fiscal year 2023
Other state credits	315		Expires fiscal years through 2025
Total income tax loss and credit carryforwards	$	4,896

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for 2018, 2017, and 2016:



(In thousands)	2018			2017			2016
Unrecognized tax benefits - beginning of year	$	11,673		$	13,121		$	13,772
Gross increases - tax positions in current year	1,649			361			822
Gross increases - tax positions in prior period	1,025			1,329			171
Gross decreases - tax positions in prior period	(1,827		)	(1,385		)	(80		)
Settlements	403			(319		)	(236		)
Lapse of statute of limitations	(937		)	(1,434		)	(1,328		)
Unrecognized tax benefits - end of year	$	11,986		$	11,673		$	13,121