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Revolving Line of Credit
6 Months Ended
Aug. 02, 2014
Line Of Credit Facility [Abstract]  
Revolving Line of Credit

(8) Revolving Line of Credit

 

As of August 2, 2014 and February 1, 2014, the Company had $71,079 and $34,029, respectively, in outstanding revolving loans under a financing agreement (the “Revolving Line of Credit”). Amounts outstanding are offset on the condensed consolidated balance sheets by amounts in depository accounts under lock-box arrangements, which were $8,164 and $4,977 as of August 2, 2014 and February 1, 2014, respectively. As of August 2, 2014, the Company had $23,021 of net borrowing availability under the terms of the Revolving Line of Credit and stand-by commercial letters of credit of $400. As of August 2, 2014, the Company was in compliance with all covenants under the Revolving Line of Credit. The Revolving Line of Credit matures on August 20, 2018.