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Debt
6 Months Ended
Jul. 29, 2017
Debt Disclosure [Abstract]  
Debt
4.   Debt

At July 29, 2017 and January 28, 2017, we had two unsecured credit facilities, which are renewable annually in August and November.  The August facility allows for borrowings up to $30.0 million with an interest rate at one month LIBOR plus 2.0%.  The November facility allows for borrowings up to $50.0 million at a rate of prime plus 2.0%.  Under the provisions of both facilities, we do not pay commitment fees and are not subject to covenant requirements.  At July 29, 2017, a total of $80.0 million was available to us from these facilities.
 
    We did not incur any borrowings against our credit facilities during the thirteen week period ended July 29, 2017.  There were 7 days during the twenty-six weeks ended July 29, 2017, where we incurred borrowings against our credit facilities for an average and maximum borrowing of $4.2 million and $4.9 million, respectively, and an average interest rate of 2.8%.  There were 19 days during the fifty-two weeks ended January 28, 2017, where we incurred borrowings against our credit facilities for an average and maximum borrowing of $6.6 million and $11.8 million, respectively, and an average interest rate of 2.5%.

Subsequent to July 29, 2017, we renewed our existing August facility of $30.0 million with an interest rate at one month LIBOR plus 2.0%.  The renewal was effective August 31, 2017 and will expire on November 30, 2017.  The facility is unsecured and does not require a commitment or agency fee nor are there any covenant restrictions.  The Company opted to extend this facility through November in order to be co-terminous with its November facility.