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Long-Term Debt (Tables)
 6 Months Ended
Jul. 26, 2020
Debt Instruments [Abstract]  
Schedule of Long-term Debt
Long-term debt and the current period interest rates were as follows:
 Balance as of
(in thousands, except percentages)July 26, 2020January 26, 2020
Revolving loans$189,000 $197,000 
Debt issuance costs(2,045)(2,257)
Total long-term debt, net of debt issuance costs$186,955 $194,743 
Effective interest rate (1)
1.87 %2.95 %
(1) As of July 26, 2020, the effective interest rate is a weighted-average rate that represents interest on the first $150.0 million of the debt outstanding at a fixed LIBOR rate of 0.7275% plus a margin of 1.25% (total fixed rate of 1.9775%), and the remainder of the debt outstanding at a variable rate based on the one-month LIBOR rate, which was 0.19% as of July 26, 2020, plus a margin of 1.25% (total variable rate of 1.44%). As of January 26, 2020, the interest rate was a variable rate based on the one-month LIBOR rate, which was 1.7% as of January 26, 2020, plus a margin of 1.25% (total variable rate of 2.95%).
Schedule Of Interest Expense
Interest expense was comprised of the following components for the periods presented:
 Three Months EndedSix Months Ended
(in thousands)July 26, 2020July 28, 2019July 26, 2020July 28, 2019
Contractual interest$1,131 $2,475 $2,569 $4,817 
Amortization of debt discount and issuance costs121 122 242 247 
Total interest expense$1,252 $2,597 $2,811 $5,064