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DEBT (Tables)

9 Months Ended

Oct. 29, 2022

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

The table below presents the components of the Company’s ABL Credit Facility and Previous ABL Credit Facility:

			October 29, 2022						January 29, 2022						October 30, 2021
			(in millions)
Credit facility maximum			$	350.0					$	350.0					$	360.0
Borrowing base (1)			350.0						279.7						360.0
Outstanding borrowings			265.0						175.3						174.4
Letters of credit outstanding—standby			7.4						7.4						7.4
Utilization of credit facility at end of period			272.4						182.7						181.8
Availability (2)			$	77.6					$	97.0					$	178.2
Interest rate at end of period			4.8%						1.6%						3.8%

			Year-To-Date 2022						Fiscal 2021						Year-To-Date 2021
			(in millions)
Average end of day loan balance during the period			$	273.1					$	187.0					$	195.0
Highest end of day loan balance during the period			$	297.6					$	269.7					$	269.7
Average interest rate			3.0%						3.6%						3.8%

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(1)Lower of the credit facility maximum or the total borrowing base collateral.

(2)The sub-limit availability for letters of credit was $42.6 million at October 29, 2022, January 29, 2022, and October 30, 2021.

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- References

No definition available.

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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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