Income Taxes |
6 Months Ended |
|---|---|
Aug. 03, 2024 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 7. Income Taxes The Company recorded an income tax provision of $3.1 million and $6.7 million during the thirteen weeks ended August 3, 2024 and July 29, 2023, respectively. The Company recorded an income tax provision of $9.3 million and $8.6 million during the twenty-six weeks ended August 3, 2024 and July 29, 2023, respectively. The effective tax rate was 27.3% and 30.5% for the thirteen weeks ended August 3, 2024 and July 29, 2023, respectively, and 27.2% and 30.3% for the twenty-six weeks ended August 3, 2024 and July 29, 2023, respectively. The effective tax rate for the thirteen and twenty-six weeks ended August 3, 2024 differs from the federal statutory rate of 21% primarily due to the impact of state and local income taxes and executive compensation limitations. The effective tax rate for the thirteen and twenty-six weeks ended July 29, 2023 differs from the federal statutory rate of 21% primarily due to the impact of state and local income taxes, executive compensation limitations and non-deductible expenses. |