Income Taxes (Tables)

12 Months Ended

Jan. 31, 2015

Income Tax Disclosure [Abstract]

Summary of the Components of the Income Tax Provision

A summary of the components of the income tax provision is as follows (in thousands):

	Fiscal Year Ended
	January 31, 2015			February 1, 2014
Current:
Federal	$	(704	)	$	(618	)
State	(165		)	(391		)
	$	(869	)	$	(1,009	)
Deferred:
Federal	$	572		$	5,111
State	55			730
	$	627		$	5,841
(Benefit) Provision for income taxes	$	(242	)	$	4,832

Summary of Income Tax Provision Included Financial Statements

Income tax provision is included in the financial statements as follows (in thousands):

	Fiscal Year Ended
	January 31, 2015			February 1, 2014
Continuing Operations	$	(242	)	$	4,832
Discontinued Operations	—			(66		)
(Benefit) Provision for income taxes	$	(242	)	$	4,766

Reconciliation of the Federal Statutory Income Tax Rate to the Effective Income Tax Rate

A reconciliation of the federal statutory income tax rate to the effective income tax rate is as follows:

	Fiscal Year Ended
	January 31, 2015		February 1, 2014
Federal statutory income tax rate	34.0	%	34.0	%
State and local income tax provision	4.8	%	(23.0	)%
Change in valuation allowance	(49.0	)%	(166.4	)%
Nondeductible meals and entertainment expense	5.8	%	(1.2	)%
Other-permanent items	5.7	%	(2.6	)%
Rate differential	10.9	%	4.7	%
Uncertain tax benefit adjustment	(11.5	)%	13.8	%
Federal tax credits	(9.8	)%	6.4	%
Effective income tax rate	(9.1	)%	(134.3	)%

Deferred Tax Assets (Liabilities)

Temporary differences that created deferred tax assets (liabilities) at January 31, 2015 and February 1, 2014 were as follows (in thousands):

	As of January 31, 2015						As of February 1, 2014
	Current			Noncurrent			Current			Noncurrent
Property & Equipment	$	—		$	(2,094	)	$	—		$	(830	)
Accruals	2,751			—			1,944			—
Inventory	(17,182		)	—			(16,030		)	—
State net operating loss carry forwards	—			960			—			1,585
Deferred rent	647			1,891			685			1,237
Prepaids	(1,123		)	—			(801		)	—
Intangible Assets	—			8			—			593
Allowance for bad debts	36			—			26			—
State and local tax	—			(67		)	—			(67		)
Effect of flow-through entity	126			—			—			2
Stock compensation	—			228			—			326
Equity Investment	—			(176		)	—			—
Deferred tax asset (liability)	(14,745		)	750			(14,176		)	2,846
Less: Valuation allowance	(3,947		)	(1,973		)	(4,631		)	(3,252		)
Deferred tax (liability), net	$	(18,692	)	$	(1,223	)	$	(18,807	)	$	(406	)

Unrecognized Tax Benefit, Affect the Effective Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

	January 31, 2015			February 1, 2014
Balance at beginning of year	$	204		$	514
Additions based on tax positions related to current year	—			—
Additions based on tax positions related to prior period	—			—
Reductions for tax positions of previous year	(155		)	(310		)
Balance at end of year	$	49		$	204