Income Taxes |
6 Months Ended |
|---|---|
Jul. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | NOTE 11. INCOME TAXES
Provision for Income Taxes
At the end of each quarter, the Company estimates its effective income tax rate pursuant to ASC 740. The rate for the period consists of the tax rate expected to be applied for the full year to ordinary income adjusted for any discrete items recorded in the period. The Company recorded a tax expense at an overall effective tax rate of 58.0% for the 13 weeks ended July 31, 2026 and a tax benefit at an overall rate of 30.5% for the 13 weeks ended August 1, 2025, respectively. The Company recorded a tax expense at an overall rate of 24.2% for the 26 weeks ended July 31, 2026 and a tax benefit at an overall rate of 29.4% for the 26 weeks ended August 1, 2025. The overall effective tax rate for the 13 and 26 weeks ended July 31, 2026, varies from the U.S. statutory rate of 21% as a result of state taxes, additional legal expenses recognized related to the WHP Transaction and other non-deductible expenses. The overall effective tax rate for the 13 and 26 weeks ended August 1, 2025, varies from the U.S. statutory rate of 21% as a result of state taxes and non-deductible expenses. |