v3.24.3
Income Taxes
3 Months Ended
May 04, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our interim tax provision was determined using an estimated annual effective tax rate and adjusted for discrete taxable events and/or adjustments that have occurred during the three months ended May 4, 2024.
We recognized an income tax benefit of $3.4 million, or 9.5%, for the three months ended May 4, 2024 compared to an income tax benefit of $0.1 million, or 0.2%, for the three months ended April 29, 2023. Our effective income tax rate for the three months ended May 4, 2024 as well as the three months ended April 29, 2023 are primarily due to the recognition of tax benefits on certain current period losses, partially offset by forecasted income taxes due in certain foreign and state jurisdictions in which we operate.