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Financing Arrangements
 6 Months Ended
Jul. 29, 2023
Financing Arrangements [Abstract]  
Financing Arrangements
NOTE 4 – FINANCING ARRANGEMENTS:
As of July
 
29, 2023, the
 
Company has an
 
unsecured revolving credit
 
line, which
 
provides for borrowings
 
of
up to $
35.0
 
million, less the balance of
 
any revocable letters of credit related
 
to purchase commitments, and is
committed
 
through
 
May
 
2027.
 
The
 
revolving
 
credit
 
agreement
 
contains
 
various
 
financial
 
covenants
 
and
limitations,
 
including
 
the
 
maintenance
 
of
 
specific
 
financial
 
ratios.
 
On
 
August
 
9,
 
2023,
 
the
 
Company
amended the revolving credit
 
agreement to modify
 
a definition used in
 
calculating the Company’s
 
minimum
EBITDAR coverage ratio to add back certain income tax receivables for purposes of calculating
 
the ratio. For
the quarter ended July
 
29, 2023, after giving
 
effect to the amendment,
 
the Company was in
 
compliance with
the
 
credit
 
agreement.
 
There
 
were
no
 
borrowings
 
outstanding,
no
r
 
any
 
outstanding
 
letters
 
of
 
credit
 
that
reduced
 
borrowing
 
availability,
 
as
 
of
 
July
 
29,
 
2023.
 
The
 
weighted
 
average
 
interest
 
rate
 
under
 
the
 
credit
facility was
zero
 
at July 29, 2023 due to
no
 
borrowings outstanding.