XML 38 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
CREDIT FACILITY (Tables)
6 Months Ended
Jul. 28, 2012
Debt Disclosure [Abstract]  
Components of credit facility
 
July 28,
2012
 
January 28,
2012
 
July 30,
2011
Credit facility maximum
$
150.0

 
$
150.0

 
$
200.0

Borrowing base
150.0

 
150.0

 
168.9

 
 
 
 
 
 
Outstanding borrowings

 

 

Letters of credit outstanding—merchandise
24.7

 
23.1

 
24.2

Letters of credit outstanding—standby
12.2

 
11.2

 
11.1

Utilization of credit facility at end of period
36.9

 
34.3

 
35.3

 
 
 
 
 
 
Availability (1)
$
113.1

 
$
115.7

 
$
133.6

 
 
 
 
 
 
Interest rate at end of period (2)
4.0
%
 
4.0
%
 
3.3
%
 
Year-To-Date 2012
 
Fiscal
2011
 
Year-To-Date 2011
Average end of day loan balance during the period
$

 
$

 
$

Highest end of day loan balance during the period

 
0.2

 
0.2

Average interest rate
4.0
%
 
3.6
%
 
3.3
%
____________________________________________
(1)
The sublimit availability for the letters of credit was $88.1 million, $90.7 million, and $133.6 million at July 28, 2012, January 28, 2012, and July 30, 2011, respectively.
(2)
Prior to the amendment on August 16, 2011, the disclosed interest rate at the end of the period was equal to the prime rate. Effective with this amendment, the disclosed interest rate at the end of the period was equal to the prime rate plus a 0.75% fee, as noted above.