INCOME TAXES (Tables)
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12 Months Ended |
Jan. 31, 2026 |
| Income Tax Disclosure [Abstract] |
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| Provision for income taxes |
The provision for income taxes consists of:
| | | | | | | | | | | | | | | | | | | Fiscal Years Ended | | January 31, 2026 | | February 1, 2025 | | February 3, 2024 | | Current income tax expense: | | | | | | | Federal | $ | 55,775 | | | $ | 52,846 | | | $ | 59,652 | | | State | 9,147 | | | 8,826 | | | 10,733 | | | Deferred income tax expense (benefit) | 1,453 | | | 637 | | | (1,089) | | | Total | $ | 66,375 | | | $ | 62,309 | | | $ | 69,296 | |
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| Reconciliation of effective tax rate |
The components of the provision for income taxes and a reconciliation of the Company's effective tax rate to the statutory income tax rate are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Years Ended | | January 31, 2026 | | February 1, 2025 | | February 3, 2024 | | | | | | | | | | | U.S. federal statutory rate | $ | 57,985 | | 21.0 | % | | $ | 54,133 | | 21.0 | % | | $ | 60,735 | | 21.0 | % | State and local income taxes, net of federal income tax effect (a) | 7,206 | | 2.6 | | | 6,966 | | 2.7 | | | 8,450 | | 2.9 | | | Tax credits | (224) | | (0.1) | | | (192) | | (0.1) | | | (226) | | (0.1) | | | Nontaxable or nondeductible items | 2,336 | | 0.8 | | | 1,391 | | 0.5 | | | 1,466 | | 0.5 | | | Other adjustments | (928) | | (0.3) | | | 11 | | 0.1 | | | (1,129) | | (0.3) | | | Effective tax rate | $ | 66,375 | | 24.0 | % | | $ | 62,309 | | 24.2 | % | | $ | 69,296 | | 24.0 | % |
(a) State taxes in California, Colorado, Illinois, Kansas, Michigan, Minnesota, Nebraska, Oregon, Texas, and Wisconsin make up the majority (greater than 50%) of the tax effect in this category.
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| Deferred income tax assets and liabilities |
Deferred income tax assets and liabilities are comprised of the following:
| | | | | | | | | | | | | January 31, 2026 | | February 1, 2025 | | Deferred income tax assets (liabilities): | | | | | Inventory | $ | 6,085 | | | $ | 5,641 | | | Stock-based compensation | 6,290 | | | 5,657 | | | Accrued compensation | 7,942 | | | 7,002 | | | Accrued store operating costs | 2,850 | | | 2,880 | | | Unrealized (gain)/loss on securities | (935) | | | (624) | | | Gift certificates redeemable | 1,156 | | | 1,188 | | | Property and equipment | (26,628) | | | (21,744) | | | Operating lease right-of-use assets | (81,525) | | | (69,550) | | | Operating lease liabilities | 92,115 | | | 78,303 | | | Capitalized research and development costs | — | | | 51 | | | Net deferred income tax asset | $ | 7,350 | | | $ | 8,804 | |
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| Cash paid for income taxes |
Additionally, cash paid for income taxes for each fiscal year is as follows:
| | | | | | | | | | | | | | | | | | | Fiscal Years Ended | | January 31, 2026 | | February 1, 2025 | | February 3, 2024 | | Cash paid for income taxes: | | | | | | | Federal | $ | 52,500 | | | $ | 51,500 | | | $ | 51,000 | | | State | 7,459 | | | 7,490 | | | 9,598 | | | Total | $ | 59,959 | | | $ | 58,990 | | | $ | 60,598 | |
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