INCOME TAXES	3 Months Ended
May 04, 2013
INCOME TAXES
INCOME TAXES	9. INCOME TAXES The provisions codified within ASC Topic 740, Income Taxes (“ASC 740”), require companies to assess whether valuation allowances should be established against their deferred tax assets based on consideration of all available evidence using a “more likely than not” standard. In accordance with ASC 740, the Company maintained a full valuation allowance throughout 2012 and the first quarter of 2013 on all of the Company’s net deferred tax assets. The Company’s deferred tax asset valuation allowance totaled $163,866 and $152,735 at May 4, 2013 and February 2, 2013, respectively. Given the Company’s valuation allowance position, no tax benefit was recognized on the Company’s loss before income taxes in the first quarter in each of 2013 and 2012. The income tax provision of $450 and $509 recorded in the first quarter in each of 2013 and 2012, respectively, reflects certain state income tax expense and recognition of deferred tax liabilities associated with indefinite-lived assets. As of May 4, 2013, it is reasonably possible that gross unrecognized tax benefits could decrease by $178 within the next 12 months due to the expiration of certain statutes of limitations.

INCOME TAXES

3 Months Ended

May 04, 2013

9. INCOME TAXES

The provisions codified within ASC Topic 740, Income Taxes (“ASC 740”), require companies to assess whether valuation allowances should be established against their deferred tax assets based on consideration of all available evidence using a “more likely than not” standard. In accordance with ASC 740, the Company maintained a full valuation allowance throughout 2012 and the first quarter of 2013 on all of the Company’s net deferred tax assets. The Company’s deferred tax asset valuation allowance totaled $163,866 and $152,735 at May 4, 2013 and February 2, 2013, respectively.

Given the Company’s valuation allowance position, no tax benefit was recognized on the Company’s loss before income taxes in the first quarter in each of 2013 and 2012. The income tax provision of $450 and $509 recorded in the first quarter in each of 2013 and 2012, respectively, reflects certain state income tax expense and recognition of deferred tax liabilities associated with indefinite-lived assets.

As of May 4, 2013, it is reasonably possible that gross unrecognized tax benefits could decrease by $178 within the next 12 months due to the expiration of certain statutes of limitations.