XML 60 R15.htm IDEA: XBRL DOCUMENT

Income Taxes

6 Months Ended

Aug. 02, 2014

(8) Income Taxes

The Company’s effective tax rates for income from continuing operations based on the projected effective tax rate for the full year, are as follows:


	Three Months Ended			Six Months Ended
Fiscal 2015		36.1	%		33.0	%
Fiscal 2014		38.4	%		10.7	%

During the six months ended August 2, 2014, the Company recognized an income tax expense of approximately $1,261,000 which included an expense of $1,361,000 on the first six month pretax income and a benefit of $100,000 related to the favorable resolution of a previously uncertain tax position. During fiscal 2014, the Company recognized an income tax expense on the income from continuing operations of approximately $11,000.

As of August 2, 2014, the Company’s cumulative unrecognized tax benefits totaled $651,000 compared to $715,000 as of January 31, 2014. There were no developments affecting unrecognized tax benefits during the quarter ended August 2, 2014.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details