DEBT (Tables)

6 Months Ended

Jul. 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:

	July 30, 2022		January 29, 2022		July 31, 2021
	(in millions)
Credit facility maximum	$	350.0	$	350.0	$	360.0
Borrowing base (1)	350.0		279.7		354.0
Outstanding borrowings	283.9		175.3		199.8
Letters of credit outstanding—standby	7.4		7.4		7.4
Utilization of credit facility at end of period	291.3		182.7		207.2
Availability (2)	$	58.7	$	97.0	$	146.8
Interest rate at end of period	3.4%		1.6%		3.8%

	Year-To-Date 2022		Fiscal 2021		Year-To-Date 2021
	(in millions)
Average end of day loan balance during the period	$	268.2	$	187.0	$	213.5
Highest end of day loan balance during the period	$	297.6	$	269.7	$	269.7
Average interest rate	2.4%		3.6%		3.9%

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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 30, 2022, January 29, 2022, and July 31, 2021.