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DEBT (Tables) | 3 Months Ended
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May 03, 2025
Debt Disclosure [Abstract] |
Schedule of Line of Credit Facilities | The tables below present the components of the Company’s ABL Credit Facility:
| May 3, 2025 |  | February 1, 2025 |  | May 4, 2024
| (in millions)
Total borrowing base availability | $ | 315.5 |  | $ | 301.9 |  | $ | 286.0
Credit facility availability | 433.0 |  | 433.0 |  | 433.0
Maximum borrowing availability (1) | 315.5 |  | 301.9 |  | 286.0
Outstanding borrowings | 258.6 |  | 245.7 |  | 226.1
Letters of credit outstanding—standby | 18.2 |  | 16.0 |  | 12.2
Utilization of credit facility at end of period | 276.8 |  | 261.7 |  | 238.3
Availability (2) | $ | 38.7 |  | $ | 40.2 |  | $ | 47.7
Interest rate at end of period | 7.7% |  | 7.6% |  | 9.9%
Average end-of-day loan balance during the period | $ | 247.2 |  | $ | 284.5 |  | $ | 228.2
Highest end-of-day loan balance during the period | $ | 262.3 |  | $ | 366.9 |  | $ | 251.6
Average interest rate | 7.7% |  | 8.7% |  | 9.6%
____________________________________________ (1)The lower of the credit facility availability and the total borrowing base availability. (2)The sub-limit availability for letters of credit was $6.8 million as of May 3, 2025, $9.0 million at February 1, 2025, and $12.8 million as of May 4, 2024.
Schedule of Contractual Obligation, Fiscal Year Maturity | Maturities of the Company’s principal debt payments on the Mithaq Term Loans as of May 3, 2025 are as follows:
| May 3, 2025
| (in thousands)
Remainder of 2025 | $ | — |
2026 | — |
2027 | 108,400 |
Thereafter | — |
Total related party debt | $ | 108,400 |

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Subparagraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
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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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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