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Debt
3 Months Ended
Oct. 27, 2012
Debt Disclosure [Abstract]  
Debt
4.           Debt

At October 27, 2012, we had two unsecured credit facilities; one with Regions Bank renewable in August 2013 and the other with Bank of America renewable in November 2012.  The Regions Bank facility allows for borrowings up to $30.0 million with an interest rate at the higher of prime rate, the federal funds rate plus 0.5% or LIBOR.  The Bank of America facility allows for borrowings up to $50.0 million with an interest rate at prime plus 2%.  Under the provisions of both facilities, we do not pay commitment fees and are not subject to covenant requirements.  We did not have any borrowings against either of these facilities during the thirteen and thirty-nine weeks ended October 27, 2012, nor was there any debt outstanding under either of these facilities at October 27, 2012.  A total of $80.0 million was available to us at October 27, 2012.

At January 28, 2012, we had the same two unsecured facilities and corresponding terms as listed above.  We did not have any borrowings against either of these facilities during Fiscal 2012, nor was there any debt outstanding under either of these facilities at January 28, 2012.
 
Subsequent to October 27, 2012, we renewed our Bank of America facility of $50.0 million with an interest rate at prime plus 2%.  The renewal was effective November 16, 2012 and will expire on November 18, 2013.  The facility is unsecured and does not require a commitment or agency fee nor are there any covenant restrictions.