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DEBT (Tables)

12 Months Ended

Feb. 03, 2024

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

The table below presents the components of the Company’s ABL Credit Facility as of the end of Fiscal 2023 and Fiscal 2022:

			February 3, 2024						January 28, 2023
			(in millions)
Total borrowing base availability, net of the excess availability threshold, as applicable			$	258.4					$	363.8
Credit facility maximum, net of the excess availability threshold, as applicable			400.5						315.0
Maximum borrowing availability (1)			258.4						315.0
Outstanding borrowings			226.7						287.0
Letters of credit outstanding—standby			7.4						7.4
Utilization of credit facility at end of period			234.1						294.4
Availability (2)			$	24.3					$	20.6
Interest rate at end of period			8.1%						5.9%

			February 3, 2024						January 28, 2023
			(in millions)
Average end of day loan balance during the period			$	315.5					$	274.9
Highest end of day loan balance during the period			$	379.4					$	297.7
Average interest rate			7.5%						3.7%

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(1)Lower of the credit facility maximum and the total borrowing base availability, both net of the excess availability threshold.

(2)The sub-limit availability for letters of credit was $42.6 million at February 3, 2024, January 28, 2023, and January 29, 2022.

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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
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

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