Rendering

Component: (Network and Table)
Network
100370 - Disclosure - Income Taxes (Tables)
(http://www.ae.com/20170128/taxonomy/role/DisclosureIncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-31 - 2017-01-28
Income Tax Disclosure [Abstract]
 
Components of Income Before Income Taxes from Continuing Operations

The components of income before income taxes from continuing operations were:

 

 

 

For the Years Ended

 

 

 

January 28,

 

 

January 30,

 

 

January 31,

 

(In thousands)

 

2017

 

 

2016

 

 

2015

 

U.S.

 

$

315,199

 

 

$

289,697

 

 

$

193,167

 

Foreign

 

 

20,063

 

 

 

32,174

 

 

 

(33,665

)

Total

 

$

335,262

 

 

$

321,871

 

 

$

159,502

 

 

 
 
Components of Deferred Tax Assets and Liabilities

The significant components of the Company’s deferred tax assets and liabilities were as follows:

 

 

 

January 28,

 

 

January 30,

 

(In thousands)

 

2017

 

 

2016

 

Deferred tax assets:

 

 

 

 

 

 

 

 

Rent

 

$

27,843

 

 

$

27,281

 

Deferred compensation

 

 

24,042

 

 

 

21,187

 

Foreign tax credits

 

 

22,269

 

 

 

20,567

 

Employee compensation and benefits

 

 

13,206

 

 

 

23,840

 

Inventories

 

 

10,693

 

 

 

9,659

 

Accruals not currently deductible

 

 

8,613

 

 

 

10,907

 

State tax credits

 

 

6,574

 

 

 

6,902

 

Net operating loss

 

 

5,364

 

 

 

6,891

 

Other

 

 

9,380

 

 

 

12,745

 

Gross deferred tax assets

 

 

127,984

 

 

 

139,979

 

Valuation allowance

 

 

(7,266

)

 

 

(7,720

)

Total deferred tax assets

 

$

120,718

 

 

$

132,259

 

 

 

 

 

 

 

 

 

 

Deferred tax liabilities:

 

 

 

 

 

 

 

 

Property and equipment

 

$

(63,546

)

 

$

(59,386

)

Other

 

 

(7,922

)

 

 

(7,946

)

Total deferred tax liabilities

 

$

(71,468

)

 

$

(67,332

)

 

 

 

 

 

 

 

 

 

Total deferred tax assets, net

 

$

49,250

 

 

$

64,927

 

 

 
 
Components of Provision for Income Taxes from Continuing Operations

Significant components of the provision for income taxes from continuing operations were as follows:

 

 

 

For the Years Ended

 

 

 

January 28,

 

 

January 30,

 

 

January 31,

 

(In thousands)

 

2017

 

 

2016

 

 

2015

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

$

93,961

 

 

$

86,122

 

 

$

66,229

 

Foreign taxes

 

 

3,168

 

 

 

3,836

 

 

 

(792

)

State

 

 

11,137

 

 

 

13,032

 

 

 

9,447

 

Total current

 

 

108,266

 

 

 

102,990

 

 

 

74,884

 

Deferred:

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

$

12,057

 

 

$

5,606

 

 

$

(1,178

)

Foreign taxes

 

 

(268

)

 

 

(1,977

)

 

 

(85

)

State

 

 

2,758

 

 

 

1,961

 

 

 

(2,906

)

Total deferred

 

 

14,547

 

 

 

5,590

 

 

 

(4,169

)

Provision for income taxes

 

$

122,813

 

 

$

108,580

 

 

$

70,715

 

 

 
 
Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to our unrecognized tax benefits:

 

 

 

For the Years Ended

 

(In thousands)

 

January 28,

2017

 

 

January 30,

2016

 

 

January 31,

2015

 

Unrecognized tax benefits, beginning of the year

   balance

 

$

5,748

 

 

$

12,609

 

 

$

14,601

 

Increases in current period tax positions

 

 

1,884

 

 

 

2,727

 

 

 

2,166

 

Increases in tax positions of prior periods

 

 

464

 

 

 

 

 

 

 

Settlements

 

 

 

 

 

 

 

 

(73

)

Lapse of statute of limitations

 

 

(362

)

 

 

(516

)

 

 

(471

)

Decreases in tax positions of prior periods

 

 

(641

)

 

 

(9,072

)

 

 

(3,614

)

Unrecognized tax benefits, end of the year balance

 

$

7,093

 

 

$

5,748

 

 

$

12,609

 

 

 
 
Reconciliation Between Statutory Federal Income Tax Rate and Effective Income Tax Rate from Continuing Operations

A reconciliation between the statutory federal income tax rate and the effective income tax rate from continuing operations follows:

 

 

 

For the Years Ended

 

 

 

January 28,

 

 

January 30,

 

 

January 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Federal income tax rate

 

 

35.0

%

 

 

35.0

%

 

 

35.0

%

State income taxes, net of federal income tax effect

 

 

2.8

 

 

 

3.1

 

 

 

3.7

 

Foreign rate differential

 

 

(1.7

)

 

 

(1.6

)

 

 

0.3

 

Valuation allowance changes, net

 

 

0.4

 

 

 

(1.1

)

 

 

6.6

 

Change in unrecognized tax benefits

 

 

0.4

 

 

 

(1.5

)

 

 

(0.6

)

Other

 

 

(0.3

)

 

 

(0.2

)

 

 

(0.7

)

 

 

 

36.6

%

 

 

33.7

%

 

 

44.3

%