Income Taxes (Tables)

12 Months Ended

Feb. 02, 2019

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The income tax provision consisted of the following:

	Fiscal 2018			Fiscal 2017			Fiscal 2016
	(in thousands)
Current:
Federal	$	5,903		$	39,376		$	49,994
State	3,378			4,877			5,654
Foreign	282			266			260
Total	9,563			44,519			55,908
Deferred:
Federal	(1,949		)	(3,669		)	(8,483		)
State	86			1,750			75
Total	(1,863		)	(1,919		)	(8,408		)
Income tax provision	$	7,700		$	42,600		$	47,500

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation between the statutory federal income tax rate and the effective income tax rate follows:

	Fiscal 2018		Fiscal 2017		Fiscal 2016
Federal income tax rate (blended rate for fiscal 2017 due to the Tax Act)	21.0	%	33.8	%	35.0	%
State income tax, net of federal tax benefit	5.7		3.2		3.4
Impact of the Tax Act	(11.2	)	(5.6	)	—
Excess share-based compensation	3.2		0.9		—
Outside basis difference - Boston Proper Sale	—		—		(2.8	)
Other state benefits associated with sale and liquidation of Boston Proper	—		—		(0.3	)
Enhanced charitable contribution	(3.0	)	(1.1	)	(1.9	)
Executive compensation limitations	2.1		0.7		1.2
Foreign losses with full Valuation Allowance	1.1		0.1		0.2
Federal tax credits	(1.1	)	(1.2	)	(0.5	)
Other items, net	—		(1.1	)	(0.1	)
Total	17.8	%	29.7	%	34.2	%

Schedule of Deferred Tax Assets and Liabilities

These differences consist of the following as of February 2, 2019 and February 3, 2018:

	February 2, 2019			February 3, 2018
	(in thousands)
Deferred tax assets:
Accrued liabilities and allowances	$	10,984		$	9,690
Accrued straight-line rent	12,302			13,364
Share-based compensation	5,936			5,606
Property related	1,881			2,009
Charitable contribution limitation carryforwards	4,400			2,604
State tax credits and net operating loss carryforwards	5,337			5,548
Other	2,681			1,879
Total deferred tax assets	43,521			40,700
Valuation allowance	(1,111		)	(444		)
Net deferred tax assets	42,410			40,256
Deferred tax liabilities:
Other	—			(119		)
Prepaid expenses	(1,760		)	(4,823		)
Property related	(26,733		)	(23,961		)
Other intangible assets	(17,416		)	(16,666		)
Total deferred tax liabilities	(45,909		)	(45,569		)
Net deferred taxes	$	(3,499	)	$	(5,313	)

Schedule of Uncertain Tax Positions Reconciliation

A reconciliation of the beginning and ending amounts of uncertain tax positions for each of fiscal 2018, fiscal 2017 and fiscal 2016 is as follows:

	Fiscal 2018			Fiscal 2017			Fiscal 2016
	(in thousands)
Balance at beginning of year	$	1,522		$	5,158		$	4,840
Additions for tax positions of prior years	117			—			1,280
Reductions for tax positions of prior years	(24		)	(105		)	(1		)
Additions for tax positions for the current year	87			289			246
Settlements/payments with tax authorities	(197		)	(3,667		)	(850		)
Reductions due to lapse of applicable statutes of limitation	—			(153		)	(357		)
Balance at end of year	$	1,505		$	1,522		$	5,158