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Credit Agreement and Long-Term Debt (Tables)
 3 Months Ended
Apr. 27, 2024
Debt Disclosure [Abstract]  
Schedule of Long Term Debt in the Accompanying Condensed Consolidated Balance Sheets

Long-term debt in the accompanying condensed consolidated balance sheets is as follows:

 

(In thousands)

 

April 27,
2024

 

 

January 31,
2024

 

USD Term Loan (7.44% as of April 27, 2024 and 7.56% as
of January 31, 2024); maturity date of August 4, 2027

 

$

11,475

 

 

$

12,150

 

Equipment Loan (7.06% Fixed Rate); maturity date of January 23, 2029

 

 

787

 

 

 

822

 

    Total Debt

 

 

12,262

 

 

 

12,972

 

    Less: Debt Issuance Costs, net of accumulated amortization

 

 

75

 

 

 

80

 

             Current Portion of Debt

 

 

2,844

 

 

 

2,842

 

Long-Term Debt

 

$

9,343

 

 

$

10,050

 
Schedule of Required Principal Payments Remaining on Long Term Debt Outstanding

The schedule of required principal payments remaining during the next five years on long-term debt outstanding as of April 27, 2024 is as follows:

 

(In thousands)

 

 

 

Fiscal 2025, remainder

 

$

2,132

 

Fiscal 2026

 

 

2,852

 

Fiscal 2027

 

 

2,864

 

Fiscal 2028

 

 

4,226

 

Fiscal 2029

 

 

188

 

 

$

12,262