Income Taxes (Tables)

12 Months Ended

Jan. 28, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The income tax provision consisted of the following:

	Fiscal 2022		Fiscal 2021		Fiscal 2020
Current:
Federal	$	26,412	$	12,847	$	(102,046)
State	2,992		658		468
Foreign	226		108		48
Total	29,630		13,613		(101,530)
Deferred:
Federal	(446)		157		(3,902)
State	16		30		5,532
Total	(430)		187		1,630
Income tax provision (benefit)	$	29,200	$	13,800	$	(99,900)

Schedule of Effective Income Tax Rate Reconciliation

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

 

	Fiscal 2022		Fiscal 2021		Fiscal 2020 (1)
Federal income tax rate	21.0	%	21.0	%	21.0	%
State income tax, net of federal tax benefit	5.1		4.7		3.3
Goodwill impairment with no tax basis	—		—		(3.3)
Impact of the CARES Act	—		(4.2)		8.6
Excess share-based compensation	(1.1)		0.3		(0.3)
Valuation allowance	(5.0)		(1.0)		(7.6)
Executive compensation limitations	0.7		1.1		—
Other items, net	0.4		1.1		—
Total	21.1	%	23.0	%	21.7	%

(1) Since fiscal 2019 is no longer reported, de minimis effective tax rate reconciling items have been combined in Other items, net, for all years presented.

Schedule of Deferred Tax Assets and Liabilities

These differences consist of the following as of January 28, 2023 and January 29, 2022:

	January 28, 2023		January 29, 2022
Deferred tax assets:
Operating lease liabilities	$	129,659	$	141,918
Accrued liabilities and allowances	20,512		18,346
Share-based compensation	3,185		2,661
Property related	579		353
State and foreign net operating loss carryforwards	6,048		10,210
Federal and state tax credit carryforwards	3,553		4,227
Other	2,418		1,438
Total deferred tax assets	165,954		179,153
Valuation allowance	(28,827)		(35,754)
Net deferred tax assets	137,127		143,399
Deferred tax liabilities:
Operating lease assets	(111,458)		(118,808)
Inventories	(3,547)		(4,173)
Prepaid and other expenses	(2,933)		(2,390)
Property related	(14,944)		(14,222)
Other intangible assets	(5,315)		(5,306)
Total deferred tax liabilities	(138,197)		(144,899)
Net deferred taxes	$	(1,070)	$	(1,500)

Schedule of Uncertain Tax Positions Reconciliation

A reconciliation of the beginning and ending amounts of uncertain tax positions for each of fiscal 2022, fiscal 2021 and fiscal 2020 is as follows:

 

	Fiscal 2022		Fiscal 2021		Fiscal 2020
Balance at beginning of year	$	437	$	667	$	747
Additions for tax positions of prior years	258		—		—
Reductions for tax positions of prior years	—		(280)		—
Additions for tax positions for the current year	277		137		—
Settlements/payments with tax authorities	—		(87)		—
Reductions due to lapse of applicable statutes of limitation	(63)		—		(80)
Balance at end of year	$	909	$	437	$	667