v3.20.4
Income Taxes (Tables)
 12 Months Ended
Jan. 30, 2021
Income Tax Disclosure [Abstract]  
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) from continuing operations before income taxes consist of the following (in thousands):
Year Ended
January 30,
2021		February 1,
2020		February 2,
2019
U.S. operations$(18,201)$(95,884)$666,508 
Non-U.S. operations(303,967)894,267 (671,155)
$(322,168)$798,383 $(4,647)
Schedule of Provision (Benefit) for Income Taxes
The provision (benefit) for income taxes consists of the following (in thousands):
Year Ended
January 30,
2021		February 1,
2020		February 2,
2019
Current income tax provision (benefit):
Federal$3,210 $5,223 $46,519 
State3,439 (1,937)5,959 
Foreign(12,028)(4,137)3,322 
Total current income tax provision (benefit)(5,379)(851)55,800 
Deferred income tax provision (benefit):
Federal(14,401)(125,892)134,336 
State870 (9,382)(6,567)
Foreign(25,960)(649,884)(9,122)
Total deferred income tax provision (benefit)(39,491)(785,158)118,647 
Total provision (benefit) for income taxes$(44,870)$(786,009)$174,447 
Reconciliation Between the Provision (Benefit) for Income Taxes at the Statutory Rate and the Effective Tax Rate For purposes of the reconciliation between the provision (benefit) for income taxes at the statutory rate and the effective tax rate, a U.S. statutory tax rate of 21% for fiscal years 2021, 2020 and 2019 is applied as follows:
Year Ended
January 30,
2021		February 1,
2020		February 2,
2019
Provision at U.S. statutory rate$(67,655)$167,660 $(976)
State taxes, net of federal benefit327 (9,878)(9,652)
Difference in U.S. and non-U.S. tax rates38,118 (181,625)46,988 
Foreign income inclusion in U.S.861 13,736 167,093 
Non-deductible compensation4,108 6,196 13,215 
Intellectual property transaction— (762,933)93,777 
Federal research and development credits(49,315)(42,604)(29,503)
Uncertain tax positions(19,957)(3,913)4,238 
Change in valuation allowance49,315 26,971 (110,921)
Other(672)381 188 
Income tax provision (benefit)$(44,870)$(786,009)$174,447 
Schedule of Deferred Tax Assets and Liabilities
Deferred tax assets consist of the following (in thousands):
January 30,
2021		February 1,
2020
Deferred tax assets:
Net operating losses$78,253 $105,925 
Federal and California income tax credits713,799 631,805 
Intangible assets629,290 632,537 
Reserves and accruals69,654 22,719 
Share-based compensation4,798 4,117 
Lease liabilities28,176 32,120 
Gross deferred tax assets1,523,970 1,429,223 
Valuation allowance(749,468)(676,780)
Total deferred tax assets774,502 752,443 
Deferred tax liabilities:
Intangible assets(50,557)(69,771)
Fixed assets(27,549)(27,540)
Unremitted earnings of non-U.S. subsidiaries(20,173)(21,284)
Right of use assets(26,158)(25,290)
Total deferred tax liabilities(124,437)(143,885)
Net deferred tax assets (liabilities)$650,065 $608,558 

The deferred tax assets and liabilities based on tax jurisdictions are presented on our consolidated balance sheet as follows:
January 30,
2021		February 1,
2020
Non-current deferred tax assets$672,424 $639,791 
Non-current deferred tax liabilities(22,359)(31,233)
Net deferred tax assets (liabilities)$650,065 $608,558 
Unrecognized Tax Benefits Reconciliation
The following table reflects changes in the unrecognized tax benefits (in thousands):
Year Ended
January 30,
2021		February 1,
2020		February 2,
2019
Unrecognized tax benefits as of the beginning of the period$166,828 $158,323 $23,252 
Increases related to acquired tax positions— 9,215 131,631 
Increases related to prior year tax positions77,878 1,789 1,836 
Decreases related to prior year tax positions(1,106)(6,747)(6,259)
Increases related to current year tax positions5,603 7,614 11,154 
Settlements(476)(443)— 
Lapse in the statute of limitations(8,193)(4,044)(3,198)
Foreign exchange (gain) loss1,616 1,121 (93)
Gross amounts of unrecognized tax benefits as of the end of the period$242,150 $166,828 $158,323