INCOME TAXES (Tables)
|6 Months Ended|
Aug. 01, 2015
|Income Tax Disclosure [Abstract]|
|Schedule of Deferred Tax Assets and Liabilities||
Significant components of the Company's net deferred tax assets (liabilities) follow:
|Reconciliation of Unrecognized Tax Benefits||
The following is a reconciliation of the Company’s total gross unrecognized tax benefits:
During fiscal 2015, the Company acquired Family Dollar Stores, Inc. The increase in unrecognized tax benefits for fiscal 2015 is primarily related to the Acquisition.
United States income taxes have not been provided on accumulated but undistributed earnings of Dollar Tree’s foreign subsidiaries as the Company intends to permanently reinvest the earnings. To date, the earnings and related taxes of the legacy Dollar Tree foreign subsidiaries are negligible. The Company has provided United States income taxes on accumulated but undistributed earnings for Family Dollar’s foreign subsidiaries as of the July 6, 2015 acquisition date.
Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.
Reference 1: http://www.xbrl.org/2003/role/presentationRef