Income Taxes (Tables)

12 Months Ended

Feb. 03, 2018

Schedule of US and non US Components of Income Before Income Tax Expense (Benefit)

The U.S. and non-U.S. components of income (loss) before income taxes of continuing operations consist of the following (in thousands):



	Year Ended
	February 3, 2018		January 28, 2017		January 30, 2016
U.S. operations	$	24,377	$	30,601	$	32,095
Non-U.S. operations	426,827		116,828		(759,820		)
	$	451,204	$	147,429	$	(727,725	)

Schedule of Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes consists of the following (in thousands):



	Year Ended
	February 3, 2018			January 28, 2017			January 30, 2016
Current income tax provision (benefit):
Federal	$	776		$	8,231		$	10,413
State	2			180			83
Foreign	(2,541		)	19,560			(5,876		)
Total current income tax provision (benefit)	(1,763		)	27,971			4,620
Deferred income tax provision (benefit):
Federal	10,136			(5,062		)	(4,355		)
State	83			(12		)	580
Foreign	9,606			49,711			9,871
Total deferred income tax provision (benefit)	19,825			44,637			6,096
Total provision (benefit) for income taxes	$	18,062		$	72,608		$	10,716

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets consist of the following (in thousands):



	February 3, 2018			January 28, 2017
Deferred tax assets:
Federal and California research and other tax credits	$	607,726		$	450,503
Reserves and accruals	16,951			35,887
Share-based compensation	2,493			3,733
Net operating losses	11,816			5,361
Gross deferred tax assets	638,986			495,484
Valuation allowance	(618,353		)	(456,541		)
Total deferred tax assets	20,633			38,943
Total deferred tax liabilities	(52,204		)	(51,112		)
Net deferred tax assets (liabilities)	$	(31,571	)	$	(12,169	)

Reconciliation Between the Provision (Benefit) for Income Taxes at the Statutory Rate and the Effective Tax Rate

For purposes of the reconciliation between the provision (benefit) for income taxes at the statutory rate and the effective tax rate, a notional U.S. 33.7% rate for fiscal year 2018, and a notional rate of 35% for fiscal 2017 and 2016 is applied as follows:



	Year Ended
	February 3, 2018		January 28, 2017		January 30, 2016
Provision at U.S. notional statutory rate	33.7	%	35.0	%	35.0	%
Difference in U.S. and non-U.S. tax rates	(31.7	)	(26.3	)	(37.1	)
Benefits from utilization of general business credits	(4.8	)	(28.4	)	5.5
Change in valuation allowance	4.7		24.3		(4.4	)
Withholding taxes	—		34.0		—
Tax effects of global restructuring	—		11.4		—
Other	2.1		(0.7	)	(0.5	)
Effective tax rate	4.0	%	49.3	%	(1.5	)%

Unrecognized Tax Benefits Reconciliation

The following table reflects changes in the unrecognized tax benefits (in thousands):



	Year Ended
	February 3, 2018			January 28, 2017			January 30, 2016
Unrecognized tax benefits as of the beginning of the period	$	23,793		$	29,139		$	45,197
Increases related to prior year tax positions	—			2,080			304
Decreases related to prior year tax positions	—						(4,334		)
Increases related to current year tax positions	2,776			2,363			4,237
Settlements	—			—			(704		)
Lapse in the statute of limitations	(3,341		)	(6,576		)	(9,739		)
Foreign exchange gain	24			(3,213		)	(5,822		)
Gross amounts of unrecognized tax benefits as of the end of the period	$	23,252		$	23,793		$	29,139