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Debt | 3 Months Ended
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Apr. 30, 2016
Debt Disclosure [Abstract] |
Debt | Debt Senior notes. Unsecured senior debt, net of unamortized discounts and debt issuance costs, consisted of the following:
($000) |  | April 30, 2016 |  |  | January 30, 2016 |  |  | May 2, 2015 |
6.38% Series A Senior Notes due 2018 |  | $ | 84,914 |  |  | $ | 84,906 |  |  | $ | 84,881 |
6.53% Series B Senior Notes due 2021 |  | 64,887 |  |  | 64,882 |  |  | 64,866 |
3.375% Senior Notes due 2024 |  | 246,341 |  |  | 246,237 |  |  | 245,930 |
Total |  | $ | 396,142 |  |  | $ | 396,025 |  |  | $ | 395,677 |
As of April 30, 2016, the Company had outstanding unsecured 3.375% Senior Notes due September 2024 (the “2024 Notes”) with an aggregate principal amount of $250 million. Interest on the 2024 Notes is payable semi-annually. As of April 30, 2016, the Company also had outstanding two other series of unsecured senior notes in the aggregate principal amount of $150 million, held by various institutional investors. The Series A notes totaling $85 million are due in December 2018 and bear interest at a rate of 6.38%. The Series B notes totaling $65 million are due in December 2021 and bear interest at a rate of 6.53%. Borrowings under these senior notes are subject to certain financial covenants, including interest coverage and other financial ratios. As of April 30, 2016, the Company was in compliance with these covenants. As of April 30, 2016, January 30, 2016, and May 2, 2015, total unamortized discount and debt issuance costs were $3.9 million, $4.0 million, and $4.3 million, respectively, and were classified as a reduction of Long-term debt. The 2024 Notes, Series A, and Series B senior notes are all subject to prepayment penalties for early payment of principal. The aggregate fair value of the three outstanding senior note issuances was approximately $431 million, $423 million, and $430 million as of April 30, 2016, January 30, 2016, and May 2, 2015, respectively. The fair value is estimated by obtaining comparable market quotes which are considered to be Level 1 inputs under the fair value measurements and disclosures guidance. Interest expense for the three month periods ended April 30, 2016 and May 2, 2015 consisted of the following:
| Three Months Ended
($000) | April 30, 2016 |  |  | May 2, 2015 |
Interest expense on long-term debt | $ | 4,643 |  |  | $ | 4,642 |
Other interest expense | 323 |  |  | 341 |
Capitalized interest | (4 | ) |  | (2,810 | )
Interest income | (598 | ) |  | (170 | )
Interest expense, net | $ | 4,364 |  |  | $ | 2,003 |
Revolving credit facility. In April 2016, the Company entered into a new $600 million unsecured revolving credit facility. This credit facility, which replaced the Company's previous $600 million unsecured revolving credit facility, expires in April 2021 and contains a $300 million sublimit for issuance of standby letters of credit (subject to increase in proportion to any increase in the size of the credit facility). The facility also contains an option allowing the Company to increase the size of its credit facility by up to an additional $200 million, with the agreement of the lenders. Interest on any borrowings under this facility is based on LIBOR plus an applicable margin (currently 100 basis points) and is payable quarterly and upon maturity. The revolving credit facility may be extended, at the Company’s option, for up to two additional one year periods, subject to customary conditions. As of April 30, 2016, the Company had no borrowings or standby letters of credit outstanding under this facility and the $600 million credit facility remains in place and available. The revolving credit facility is subject to certain financial covenants that include a leverage ratio. As of April 30, 2016, the Company was in compliance with these covenants.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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