INCOME TAXES (Tables)

12 Months Ended

Jan. 31, 2025

INCOME TAXES

Schedule of components of income tax provision

	Year Ended January 31,
	2025		2024		2023
	(In thousands)
Current
Federal	$	42,301	$	42,376	$	27,982
State and city		10,191		9,768		8,278
Foreign		12,093		9,971		14,647
		64,585		62,115		50,907
Deferred
Federal		9,215		6,469		(50,764)
State and city		688		878		(4,457)
Foreign		2,078		(3,603)		526
		11,981		3,744		(54,695)
Income tax expense (benefit)	$	76,566	$	65,859	$	(3,788)
Income (loss) before income taxes
United States	$	218,963	$	218,528	$	(106,086)
Non-United States		50,896		22,071		(32,084)
	$	269,859	$	240,599	$	(138,170)

Schedule of significant components of net deferred tax liabilities

	2025		2024
	(In thousands)
Deferred income tax assets:
Compensation	$	3,696	$	3,444
Inventory		12,036		13,756
Provision for bad debts and sales allowances		12,775		11,918
Supplemental employee retirement plan		959		792
Net operating loss		40,480		40,183
Operating lease liability		63,715		52,341
Foreign tax credit carryforward		6,050		5,594
Section 174 R&D amortization		1,338		1,016
Other		6,158		4,919
Gross deferred income tax assets		147,207		133,963
Less: valuation allowance		(46,361)		(39,140)
Net deferred income tax assets		100,846		94,823
Deferred income tax liabilities:
Depreciation and amortization		(19,737)		(15,821)
Intangibles		(49,237)		(51,071)
Operating lease asset		(57,881)		(46,546)
Prepaid expenses and other		(1,807)		(2,149)
Other		(4,828)		(2,724)
Total deferred income tax liabilities		(133,490)		(118,311)
Net deferred income tax liabilities	$	(32,644)	$	(23,488)

Schedule of reconciliation of statutory federal income tax rate to effective rate reported in financial statements

	2025		2024		2023
Provision for Federal income taxes at the statutory rate	21.0	%	21.0	%	21.0	%
State and local income taxes, net of Federal tax benefit	3.2		3.7		(2.1)
Permanent differences	3.3		2.8		(2.1)
U.S. tax on foreign earnings	2.3		1.8		(6.0)
Foreign tax rate differential and other foreign adjustments	(1.0)		1.0		1.2
Foreign tax credit	(3.7)		(2.9)		7.9
Valuation allowance	2.7		0.4		(3.1)
Goodwill impairment	—		—		(17.3)
Non-taxable capital gain	—		—		5.1
Other, net	0.6		(0.4)		(1.9)
Actual provision for income taxes	28.4	%	27.4	%	2.7	%

Schedule of reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (excluding interest and penalties)

	2025		2024		2023
	(In thousands)
Balance at February 1,	$	4,241	$	3,582	$	2,442
Additions based on tax positions related to the current year		62		57		245
Additions for tax positions of prior years		54		1,015		895
Reductions for tax positions of prior years		(45)		(413)		—
Settlements		(727)		—		—
Lapses of statutes of limitations		(1,325)		—		—
Balance at January 31,	$	2,260	$	4,241	$	3,582