DEBT (Tables)

3 Months Ended

Apr. 30, 2022

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

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

	April 30, 2022		January 29, 2022		May 1, 2021
	(in millions)
Credit facility maximum	$	350.0	$	350.0	$	360.0
Borrowing base (1)	350.0		279.7		330.4
Outstanding borrowings	249.5		175.3		196.9
Letters of credit outstanding—standby	7.4		7.4		7.4
Utilization of credit facility at end of period	256.9		182.7		204.3
Availability (2)	$	93.1	$	97.0	$	126.1
Interest rate at end of period	2.0%		1.6%		4.0%

	First Quarter 2022		Fiscal 2021		First Quarter 2021
Average end of day loan balance during the period	$	251.2	$	187.0	$	210.3
Highest end of day loan balance during the period	$	308.6	$	269.7	$	260.6
Average interest rate	2.0%		3.6%		4.0%

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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 April 30, 2022, January 29, 2022, and May 1, 2021.