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Debt (Tables)
6 Months Ended
Aug. 01, 2025
Debt Disclosure [Abstract]  
Summary of Company's Maximum Borrowing Availability Under ABL Facility

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

 

 

 

August 1, 2025

 

August 2, 2024

 

January 31, 2025

(in thousands)

 

Amount

 

 

Interest Rate

 

Amount

 

 

Interest Rate

 

Amount

 

 

Interest Rate

ABL Facility limit

 

$

225,000

 

 

 

 

$

275,000

 

 

 

 

$

275,000

 

 

 

Borrowing Base

 

 

133,536

 

 

 

 

 

145,620

 

 

 

 

 

140,202

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding borrowings

 

 

35,000

 

 

5.86%

 

 

20,000

 

 

6.68%

 

 

 

 

 

Outstanding letters of credit

 

 

10,911

 

 

 

 

 

8,101

 

 

 

 

 

10,888

 

 

 

ABL Facility utilization at end of period

 

 

45,911

 

 

 

 

 

28,101

 

 

 

 

 

10,888

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ABL Facility borrowing availability

 

$

87,625

 

 

 

 

$

117,519

 

 

 

 

$

129,314

 

 

 

Schedule of Company's Long Term Debt

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

 

 

 

August 1, 2025

 

August 2, 2024

 

January 31, 2025

(in thousands)

 

Amount

 

 

Interest Rate

 

Amount

 

 

Interest Rate

 

Amount

 

 

Interest Rate

Term Loan Facility

 

$

240,500

 

 

12.71%

 

$

253,500

 

 

13.70%

 

$

247,000

 

 

12.66%

Less: Current portion of long-term debt

 

 

13,000

 

 

 

 

 

13,000

 

 

 

 

 

13,000

 

 

 

Less: Unamortized debt issuance costs

 

 

7,950

 

 

 

 

 

10,273

 

 

 

 

 

9,112

 

 

 

Long-term debt, net

 

$

219,550

 

 

 

 

$

230,227

 

 

 

 

$

224,888