Income Taxes

6 Months Ended

Jul. 31, 2011

Income Taxes [Abstract]

INCOME TAXES

NOTE 3 — INCOME TAXES

     We generally do not materially adjust deferred income taxes as part of our interim income tax provision. During the thirteen weeks ended July 31, 2011, changes in deferred income taxes were primarily due to tax benefits related to stock-based compensation, and changes in accumulated other comprehensive income. During the interim periods, we recognize the provision for income taxes in other current liabilities in the Condensed Consolidated Balance Sheets. The provision is calculated based on our estimated annual effective income tax rate applied to pretax income. A reclassification between other current liabilities and deferred income tax assets and liabilities is likely to occur during the fourth quarter of 2011. During the twenty-six weeks ended July 31, 2011, we recognized a tax benefit of $3.9 million from dividends received from Banfield.