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Financing Arrangements
 9 Months Ended
Nov. 01, 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
November
1,
2025.
The
weighted average
interest rate
under the
credit
facility was
zero
at November 1, 2025 due to
no
outstanding borrowings.