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Financing Arrangements
 6 Months Ended
Aug. 02, 2025
Financing Arrangements [Abstract]  
Financing Arrangements
 
NOTE 4 – FINANCING ARRANGEMENTS:
On March
 
13,
 
2025, the
 
Company, as
 
borrower, and
 
certain
 
other domestic
 
subsidiaries, as
 
borrowers
 
and
guarantors, entered
 
into a
 
Credit Agreement
 
(the “ABL
 
Credit Agreement”)
 
and related
 
loan documents,
 
by
and
 
among
 
the
 
Company,
 
certain
 
other
 
of
 
the
 
Company’s
 
domestic
 
subsidiaries,
 
and
 
Wells
 
Fargo
 
Bank,
National Association,
 
as the
 
lender (the
 
“Lender”), to
 
establish an
 
asset-based revolving
 
credit facility
 
(the
“ABL
 
Facility”)
 
in
 
an
 
amount
 
up
 
to
 
$
35.0
 
million.
 
The
 
proceeds
 
from
 
the
 
ABL
 
Facility
 
may
 
be
 
used
 
to
provide funding for ongoing working capital
 
and general corporate purposes.
The ABL Credit Agreement is committed through
May 2027
 
and is secured primarily by inventory and third-
party
 
credit
 
card
 
receivables.
 
There
 
were
no
 
borrowings
 
outstanding
 
and
 
the
 
availability
 
under
 
the
 
facility
was $
30.0
 
million before
 
giving effect
 
to a
 
$
3.0
 
million outstanding
 
letter of
 
credit that
 
reduced borrowing
availability to $
27.0
 
million as of August 2, 2025.
 
The weighted average interest rate under the credit facility
was
zero
 
at August 2, 2025 due to
no
 
outstanding borrowings.