XML 38 R32.htm IDEA: XBRL DOCUMENT v3.20.1
CREDIT FACILITY (Tables)
 12 Months Ended
Feb. 01, 2020
Debt Disclosure [Abstract]  
Components of credit facility
 
February 1,
2020
 
February 2,
2019
 
(In millions)
Credit facility maximum
$
325.0

 
$
250.0

Borrowing base (1)
282.1

 
250.0

 
 
 
 
Outstanding borrowings
170.8

 
48.9

Letters of credit outstanding—standby
6.2

 
7.0

Utilization of credit facility at end of period
177.0

 
55.9

 
 
 
 
Availability (2)
$
105.1

 
$
194.1

 
 
 
 
Interest rate at end of period
3.4
%
 
6.0
%
 
Fiscal 2019
 
Fiscal 2018
Average end of day loan balance during the period
$
192.0

 
$
64.4

Highest end of day loan balance during the period
262.5

 
156.4

Average interest rate
4.0
%
 
4.3
%
____________________________________________
(1)
Lower of the credit facility maximum or the total borrowing base collateral.
(2)
The sub-limit availability for letters of credit was $43.8 million and $43.0 million at February 1, 2020 and February 2, 2019, respectively.