Income Taxes (Tables)

12 Months Ended

Jan. 28, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

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

(in thousands)	Fiscal 2021			Fiscal 2020		Fiscal 2019
Income (loss) before income taxes
United States	$	52,963		$	173	$	21,406
Foreign		(6,994	)		12,419		(44	)
Total income before income taxes	$	45,969		$	12,592	$	21,362

Schedule of Components of the Provision for (Benefit from) Income Taxes

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

(in thousands)	Fiscal 2021		Fiscal 2020		Fiscal 2019
United States	$	12,215	$	725	$	2,105
Foreign		385		1,031		(33	)
Total provision	$	12,600	$	1,756	$	2,072

(in thousands)	Fiscal 2021			Fiscal 2020			Fiscal 2019
Current:
Federal	$	11,370		$	8,334		$	979
State		1,627			3,675			1,549
Foreign		385			517			—
Total current		13,382			12,526			2,528
Deferred:
Federal		(1,426	)		(8,413	)		340
State		644			(2,871	)		(763	)
Foreign		—			514			(33	)
Total deferred		(782	)		(10,770	)		(456	)
Total provision	$	12,600		$	1,756		$	2,072

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 2021			Fiscal 2020			Fiscal 2019
Tax at statutory federal tax rate		21.0	%		21.0	%		21.0	%
State income taxes, net of federal tax benefit		3.9	%		5.0	%		2.9	%
Foreign differential		(5.2	)%		2.7	%		(4.0	)%
Permanent differences		1.9	%		16.8	%		4.3	%
CARES Act		—	%		(24.6	)%		—	%
Uncertain tax benefits		1.1	%		(1.6	)%		(0.8	)%
Change in foreign valuation allowance		4.9	%		(3.8	)%		4.2	%
Foreign branches		—	%		—	%		(15.9	)%
Other, net		(0.2	)%		(1.6	)%		(2.0	)%
Total		27.4	%		13.9	%		9.7	%

Summary of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities consisted of the following:

(in thousands)	January 28, 2022			January 29, 2021			January 31, 2020
Deferred tax assets
Deferred revenue	$	6,528		$	4,882		$	3,797
Legal accruals		2,461			3,551			1,938
Deferred compensation		18,328			16,147			12,507
Reserve for returns		2,958			3,072			2,654
Inventory		3,730			6,390			3,413
CTA investment in foreign subsidiaries		3,361			2,987			3,453
Operating lease liabilities		8,677			9,677			10,319
Other		2,402			2,668			2,764
Net operating loss carryforward		5,211			3,093			6,018
Total deferred tax assets		53,656			52,467			46,863
Less valuation allowance		(6,009	)		(3,896	)		(6,526	)
Net deferred tax assets	$	47,647		$	48,571		$	40,337
Deferred tax liabilities
Intangible assets	$	62,295		$	62,372		$	62,397
LIFO reserve		18,118			15,191			17,503
Property and equipment		4,396			8,660			7,208
Operating lease right-of-use assets		7,089			7,882			8,586
Catalog advertising		1,940			1,812			2,294
Total deferred tax liabilities		93,838			95,917			97,988
Net deferred tax liability	$	46,191		$	47,346		$	57,651

Schedule of Unrecognized Tax Benefits

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

	Fiscal 2021			Fiscal 2020			Fiscal 2019
Gross UTB balance at beginning of period	$	1,012		$	1,202		$	1,458
Tax positions related to the prior periods - gross    increases (decreases)		539			(190	)		(179	)
Settlements		(74	)		—			(77	)
Gross UTB balance at end of period	$	1,477		$	1,012		$	1,202