INCOME TAXES	9 Months Ended
Nov. 01, 2014
INCOME TAXES
INCOME TAXES	8. 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 fiscal 2013 and the 39 weeks ended November 1, 2014 on all of the Company’s net deferred tax assets. The Company’s deferred tax asset valuation allowance totaled $176,495, $178,106 and $144,908 as of November 1, 2014, November 2, 2013 and February 1, 2014, respectively. Given the Company’s valuation allowance position, no tax benefit was recognized on the Company’s loss before income taxes in the 13 and 39 weeks ended in each of November 1, 2014 and November 2, 2013. The income tax provision recorded in the 13 and 39 weeks ended in each of November 1, 2014 and November 2, 2013 primarily reflects the recognition of deferred tax liabilities associated with indefinite-lived assets. As of November 1, 2014, it is reasonably possible that gross unrecognized tax benefits could decrease by $78 within the next 12 months due to the expiration of certain statutes of limitations.

INCOME TAXES

9 Months Ended

Nov. 01, 2014

8. 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 fiscal 2013 and the 39 weeks ended November 1, 2014 on all of the Company’s net deferred tax assets. The Company’s deferred tax asset valuation allowance totaled $176,495, $178,106 and $144,908 as of November 1, 2014, November 2, 2013 and February 1, 2014, respectively.

Given the Company’s valuation allowance position, no tax benefit was recognized on the Company’s loss before income taxes in the 13 and 39 weeks ended in each of November 1, 2014 and November 2, 2013. The income tax provision recorded in the 13 and 39 weeks ended in each of November 1, 2014 and November 2, 2013 primarily reflects the recognition of deferred tax liabilities associated with indefinite-lived assets.

As of November 1, 2014, it is reasonably possible that gross unrecognized tax benefits could decrease by $78 within the next 12 months due to the expiration of certain statutes of limitations.