XML 34 R15.htm IDEA: XBRL DOCUMENT
v3.21.1

Long-Term Debt | 12 Months Ended
--- | ---
Jan. 30, 2021
Long-Term Debt |
Long-Term Debt | (9) Long-Term Debt ​ Long-term debt consisted of the following as of January 30, 2021 and February 1, 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 30, | ​ | February 1, | ​
​ |  | 2021 |  | 2020 |
Term loan | ​ | $ | — | ​ | ​ | 30,000 | ​
Less debt issuance costs | ​ | ​ | — | ​ | ​ | (283) | ​
​ | ​ | ​ | — | ​ | ​ | 29,717 | ​
Less current portion, net of discount and debt issuance costs | ​ | ​ | — | ​ | ​ | (5,936) | ​
Long-term portion | ​ | $ | — | ​ | $ | 23,781 | ​
​ Term Loan ​ On May 23, 2018, SWI, as lead borrower, and Wells Fargo, with a consortium of banks led by Wells Fargo, entered into the Amended Credit Agreement. The Amended Credit Agreement governs the Revolving Line of Credit and the Term Loan. The Term Loan was issued at a price of 100% of the aggregate principal amount of $40,000 and has a maturity date of May 23, 2023. The Term Loan was paid in full during fiscal year 2020 and is no longer outstanding. Information on the Revolving Credit Facility is provided in Note 8. ​ The Term Loan bore interest at a rate of LIBOR plus 5.75%. Each of the subsidiaries of Holdings was a borrower under the Term Loan, and all obligations under the Term Loan were guaranteed by Holdings. All of the obligations under the Term Loan were secured by a lien on substantially all of the Holdings’ tangible and intangible assets and the tangible and intangible assets of all of Holdings’ subsidiaries, including a pledge of all capital stock of each of Holdings’ subsidiaries. The lien securing the obligations under the Term Loan was a first priority lien as to certain liquid assets, including cash, accounts receivable, deposit accounts and inventory. ​ The Term Loan required quarterly principal payments of $2,000 which began November 1, 2018 and continued until the balance is $24,000 at which time no further payments were needed until May 23, 2023, at which time the remaining balance was due in full. ​ The Term Loan contained customary affirmative and negative covenants, including covenants that limited the Company’s ability to incur, create or assume certain indebtedness, to incur or assume certain liens, to purchase, hold or acquire certain investments, to declare or make certain dividends and distributions and to engage in certain mergers, consolidations and asset sales. As of January 30, 2021, and February 1, 2020, the Term Loan had an outstanding balance of $0 and $30,000. The outstanding amounts as of February 1, 2020 were offset on the consolidated balance sheets by debt issuance costs of $283. ​ Restricted Net Assets ​ The provisions of the Term Loan and the Revolving Line of Credit restrict all of the net assets of the Company’s consolidated subsidiaries, which constitute all of the net assets on the Company’s consolidated balance sheet as of January 30, 2021, from being used to pay any dividends without prior written consent from the financial institutions party to the Company’s Term Loan and Revolving Line of Credit.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration