Income Taxes (Tables)

12 Months Ended

Jan. 27, 2017

Income Tax Disclosure [Abstract]

Schedule of income before income taxes

The Company’s (loss) income before income taxes in the United States and in foreign jurisdictions is as follows:

(in thousands)	Fiscal 2016			Fiscal 2015			Fiscal 2014
(Loss) income before income taxes:
United States	$	(174,461	)	$	(31,206	)	$	114,772
Foreign	(4,419		)	1,967			5,785
Total (loss) income before income taxes	$	(178,880	)	$	(29,239	)	$	120,557

Schedule of components of the provision for income taxes

The components of the (benefit from) provision for income taxes are as follows:

(in thousands)	Fiscal 2016			Fiscal 2015			Fiscal 2014
United States	$	(70,316	)	$	(9,737	)	$	44,503
Foreign	1,218			46			2,255
Total (benefit) provision	$	(69,098	)	$	(9,691	)	$	46,758

(in thousands)	Fiscal 2016			Fiscal 2015			Fiscal 2014
Current:
Federal	$	(2,834	)	$	10,524		$	20,902
State	(229		)	2,409			6,361
Foreign	1,218			46			1,950
Total current	(1,845		)	12,979			29,213
Deferred:
Federal	(62,645		)	(20,956		)	14,579
State	(4,608		)	(1,714		)	2,661
Foreign	—			—			305
Total deferred	(67,253		)	(22,670		)	17,545
Total (benefit) provision	$	(69,098	)	$	(9,691	)	$	46,758

Reconciliation of the effective income tax rate

A reconciliation of the statutory federal income tax rate to the effective income tax rate is as follows:

	Fiscal 2016		Fiscal 2015		Fiscal 2014
Tax at statutory federal tax rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	2.7	%	(1.6	)%	2.9	%
Other, net	0.9	%	(0.3	)%	0.9	%
Total	38.6	%	33.1	%	38.8	%

Summary of deferred tax assets and liabilities

Deferred tax assets and liabilities consisted of the following:

(in thousands)	January 27, 2017		January 29, 2016
Deferred tax assets:
Deferred revenue	$	4,903	$	5,349
Legal and other reserves	1,892		1,839
Deferred compensation	4,653		3,199
Reserve for returns	3,578		4,911
Inventory	7,817		4,231
Currency translation adjustment - foreign subsidiaries	6,691		5,053
Other	8,197		6,935
Total deferred tax assets	37,731		31,517
Deferred tax liabilities:
Intangible assets	96,812		161,503
LIFO reserve	24,601		20,153
Unremitted foreign earnings	5,208		5,722
Catalog marketing	1,577		1,390
Total deferred tax liabilities	128,198		188,768
Net deferred tax liability	$	90,467	$	157,251

Schedule of unrecognized tax benefits

A reconciliation of the beginning and ending amount of UTBs for the fiscal years is as follows:

	Federal, State and Foreign Tax
(in thousands)	Fiscal 2016			Fiscal 2015			Fiscal 2014
Gross UTB balance at beginning of period	$	8,311		$	9,082		$	8,718
Tax positions related to the current period—gross increases	120			116			364
Tax positions related to the prior periods—gross decreases	(1,530		)	(697		)	—
Settlements	—			(190		)	—
Gross UTB balance at end of period	$	6,901		$	8,311		$	9,082