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Debt (Tables)

3 Months Ended

Apr. 28, 2023

Debt Disclosure [Abstract]

Summary of Company's Maximum Borrowing Availability Under ABL Facility

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

		April 28, 2023						April 29, 2022						January 27, 2023
(in thousands)		Amount				Interest Rate		Amount				Interest Rate		Amount				Interest Rate
ABL Facility Limit		$	275,000					$	275,000					$	275,000
Borrowing Base			245,179						238,134						274,354
Outstanding borrowings			100,000			6.89%			125,000			1.84%			100,000			6.27%
Outstanding letters of credit			9,095						14,619						10,557
ABL Facility utilization at end of period			109,095						139,619						110,557
ABL Facility borrowing availability		$	136,084					$	98,515					$	163,797

Schedule of Company's Long Term Debt

The Company’s long-term debt consisted of the following:

		April 28, 2023						April 29, 2022						January 27, 2023
(in thousands)		Amount				Interest Rate		Amount				Interest Rate		Amount				Interest Rate
Term Loan Facility		$	240,625			14.77%		$	254,375			10.76%		$	244,063			14.13%
Less: Current portion of long-term debt			13,750						13,750						13,750
Less: Unamortized debt issuance costs			6,089						8,922						6,807
Long-term debt, net		$	220,786					$	231,703					$	223,506

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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