Income Taxes |
6 Months Ended |
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Aug. 02, 2024 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 6—Income Taxes: The Company's effective income tax rate was 19.6% and 19.3% for the three and six months ended August 2, 2024, respectively, and 26.4% and 24.7% for the three and six months ended August 4, 2023, respectively. The Company’s effective tax rate primarily differs from the statutory tax rate due to the deduction for foreign derived intangible income, research and development tax credits, and stock-based compensation windfalls. The Company’s effective tax rate for the three and six months ended August 2, 2024 decreased compared to the same periods in the prior year due to the non-recurrence of a gain from the disposition of the Supply Chain Business and the associated non-deductible goodwill.
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