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Income Taxes (Tables)

12 Months Ended

Feb. 01, 2014

Schedule of income tax expense (benefit)

Income tax expense (benefit) is summarized as follows (in thousands):



	Year Ended			Year Ended		Year Ended
	Feb 1, 2014			Feb 2, 2013		Jan 28, 2012
Federal:
Current	$	61,239		$	42,365	$	84,994
Deferred	(20,294		)	10,943		(3,136		)
State:
Current	6,202			5,853		11,607
Deferred	(1,627		)	1,494		(193		)
Foreign:
Current	25,611			30,775		32,975
Deferred	4,117			7,698		2,444
Total	$	75,248		$	99,128	$	128,691

Schedule of difference between actual income tax expense and expected income tax expense

Actual income tax expense differs from expected income tax expense obtained by applying the statutory federal income tax rate to earnings before income taxes as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 1, 2014			Feb 2, 2013			Jan 28, 2012
Computed “expected” tax expense	$	81,536		$	98,215		$	139,769
State taxes, net of federal benefit	2,974			4,776			7,419
Incremental foreign taxes less than federal statutory tax rate	(10,107		)	(13,307		)	(19,457		)
Net tax settlements	—			12,832			—
Unrecognized tax benefit	6,856			147			147
Prior year tax adjustments	(3,489		)	(2,300		)	(1,152		)
Other	(2,522		)	(1,235		)	1,965
Total	$	75,248		$	99,128		$	128,691

Schedule of total income tax expense (benefit)

Total income tax expense (benefit) was allocated as follows (in thousands):



	Year Ended		Year Ended		Year Ended
	Feb 1, 2014		Feb 2, 2013		Jan 28, 2012
Operations	$	75,248	$	99,128	$	128,691
Stockholders’ equity	3,673		3,703		(208		)
Total income taxes	$	78,921	$	102,831	$	128,483

Schedule of tax effects of the components of other comprehensive income

The tax effects of the components of other comprehensive income were allocated as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 1, 2014			Feb 2, 2013			Jan 28, 2012
Derivative financial instruments designated as cash flow hedges	$	237		$	(1,056	)	$	1,170
Marketable securities	(4		)	85			(24		)
SERP	2,963			2,855			(2,057		)
Total income tax expense (benefit)	$	3,196		$	1,884		$	(911	)

Schedule of total earnings before income tax expense and noncontrolling interests

Total earnings before income tax expense and noncontrolling interests were comprised of the following (in thousands):



	Year Ended		Year Ended		Year Ended
	Feb 1, 2014		Feb 2, 2013		Jan 28, 2012
Domestic operations	$	140,153	$	169,755	$	245,554
Foreign operations	92,806		110,859		153,787
Earnings before income tax expense and noncontrolling interests	$	232,959	$	280,614	$	399,341

Tax effects of temporary differences that give rise to significant portions of current and non-current deferred tax assets and deferred tax liabilities

The tax effects of temporary differences that give rise to significant portions of current and non-current deferred tax assets and deferred tax liabilities at February 1, 2014 and February 2, 2013 are presented below (in thousands):



	Feb 1, 2014			Feb 2, 2013
Deferred tax assets:
SERP	$	21,716		$	22,719
Rent expense	14,986			14,680
Fixed assets bases difference	12,358			5,695
Deferred income	11,261			1,642
Deferred compensation	10,692			8,483
Bad debt reserve	9,526			7,006
Accrued bonus	2,954			—
Uniform capitalization	2,162			2,096
Net operating losses	2,133			2,413
Other	13,111			17,014
Total deferred assets	100,899			81,748
Deferred tax liabilities:
Lease incentives	(13,488		)	(10,819		)
Goodwill amortization	(3,693		)	(3,189		)
Other	(492		)	(278		)
Valuation allowance	(3,853		)	(3,346		)
Net deferred tax assets	$	79,373		$	64,116

Schedule of changes that occurred in the amount of gross unrecognized tax benefits excluding interest and penalties

A reconciliation of the beginning and ending amount of gross unrecognized tax benefit (excluding interest and penalties) is as follows (in thousands):



	Year Ended			Year Ended			Year Ended
	Feb 1, 2014			Feb 2, 2013			Jan 28, 2012
Beginning Balance	$	4,527		$	16,045		$	10,828
Additions:
Tax positions related to the prior year	—			—			4,782
Tax positions related to the current year	7,501			—			78
Reductions:
Tax positions related to the prior year	(1,128		)	(568		)	357
Settlements	—			(10,950		)	—
Expiration of statutes of limitation	—			—			—
Ending Balance	$	10,900		$	4,527		$	16,045

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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