DEBT (Tables)

6 Months Ended

Jul. 31, 2021

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

The table below presents the components of the Company’s ABL Credit Facility:

	July 31, 2021			January 30, 2021			August 1, 2020
	(in millions)
Credit facility maximum	$	360.0		$	360.0		$	360.0
Borrowing base (1)	354.0			282.2			326.7
Outstanding borrowings	199.8			169.8			250.8
Letters of credit outstanding—standby	7.4			8.2			6.2
Utilization of credit facility at end of period	207.2			178.0			257.0
Availability (2)	$	146.8		$	104.2		$	69.7
Interest rate at end of period	3.8		%	4.2		%	4.1		%

	Year-To-Date 2021			Fiscal 2020			Year-To-Date 2020
Average end of day loan balance during the period	$	213.5		$	216.2		$	233.1
Highest end of day loan balance during the period	269.7			$	275.6		$	272.2
Average interest rate	3.9		%	3.8		%	3.5		%

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(1)Lower of the credit facility maximum or the total borrowing base collateral.

(2)The sub-limit availability for letters of credit was $42.6 million at July 31, 2021, $41.8 million at January 30, 2021, and $43.8 million at August 1, 2020.

Schedule of Long-term Debt Instruments

The following table summarizes the current and long-term portion of the long-term debt:

	July 31, 2021
	(in thousands)
Term Loan principal	$	80,000
Less: Unamortized discount, net	(964)
Less: Unamortized debt issuance costs, net	(1,057)
Term Loan, net	77,979
Less: Current portion, net	(3,770)
Long-term debt, net	$	74,209

Schedule of Maturities of Long-term Debt

Future principal payments of long-term debt due in each of the next four years subsequent to July 31, 2021 are as follows:

Period	Future Principal Payments
	(in thousands)
Remainder of 2021	$	2,000
2022	5,500
2023	7,500
2024	65,000
2025	—
Total future principal payments	$	80,000