XML 22 R12.htm IDEA: XBRL DOCUMENT v3.23.1
Financing Arrangements
3 Months Ended
Apr. 29, 2023
Financing Arrangements [Abstract]  
Financing Arrangements
NOTE 4 – FINANCING ARRANGEMENTS:
At
 
April
 
29,
 
2023,
 
the
 
Company
 
had
 
an
 
unsecured
 
revolving
 
credit
 
agreement,
 
which
 
provided
 
for
borrowings of
 
up to
 
$
35.0
 
million less
 
the balance
 
of any
 
revocable letters
 
of credit
 
related to
 
purchase
commitments,
 
and
 
was
 
committed
 
through
 
May
 
2027.
 
The
 
credit
 
agreement
 
contains
 
various
 
financial
covenants and limitations, including the maintenance of specific financial
 
ratios with which the Company
was
 
in
 
compliance
 
as
 
of
 
April
 
29,
 
2023.
 
There
 
were
no
 
borrowings
 
outstanding,
 
nor
 
any
 
outstanding
letters of
 
credit that
 
reduced borrowing availability,
 
as of
 
April 29,
 
2023.
 
The weighted
 
average interest
rate under the credit facility was
zero
 
at April 29, 2023 due to
no
 
outstanding borrowings.