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Debt (Tables)
12 Months Ended
Jan. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Company's Debt

The Company's debt consisted of the following:

 

 

 

January 31, 2020

 

 

February 1, 2019

 

(in thousands)

 

Amount

 

 

Rate

 

 

Amount

 

 

Rate

 

Term Loan Facility, maturing April 4, 2021

 

$

385,388

 

 

 

5.05

%

 

$

490,538

 

 

 

5.77

%

ABL Facility, maturing November 16, 2022

 

 

 

 

 

%

 

 

 

 

 

%

 

 

 

385,388

 

 

 

 

 

 

 

490,538

 

 

 

 

 

Less: current maturities

 

 

5,150

 

 

 

 

 

 

 

5,150

 

 

 

 

 

Less: unamortized debt issuance costs

 

 

1,581

 

 

 

 

 

 

 

2,935

 

 

 

 

 

Long-term debt, net

 

$

378,657

 

 

 

 

 

 

$

482,453

 

 

 

 

 

Summary of Company's Borrowing Availability Under ABL Facility

The following table summarizes the Company's borrowing availability under the ABL Facility:

 

(in thousands)

 

January 31, 2020

 

 

February 1, 2019

 

ABL Facility maximum borrowing

 

$

175,000

 

 

$

175,000

 

Outstanding letters of credit

 

 

23,299

 

 

 

21,111

 

Borrowing availability under ABL

 

$

151,701

 

 

$

153,889

 

Schedule of Aggregate Scheduled Maturities The Company's aggregate scheduled maturities of the Term Loan Facility as of January 31, 2020 are as follows:

 

(in thousands)

 

 

 

 

Less than 1 year

 

$

5,150

 

1 - 2 years

 

 

380,238

 

2 - 3 years

 

 

 

3 - 4 years

 

 

 

4 - 5 years

 

 

 

 

 

$

385,388