DEBT (Tables)

12 Months Ended

Jan. 28, 2023

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:

	January 28, 2023		January 29, 2022
	(in millions)
Credit facility maximum	$	350.0	$	350.0
Borrowing base (1)	350.0		279.7
Outstanding borrowings	287.0		175.3
Letters of credit outstanding—standby	7.4		7.4
Utilization of credit facility at end of period	294.4		182.7
Availability (2) (3)	$	55.6	$	97.0
Interest rate at end of period	5.9%		1.6%

	Fiscal Years Ended
	January 28, 2023		January 29, 2022
	(in millions)
Average end of day loan balance during the period	$	274.9	$	187.0
Highest end of day loan balance during the period	$	297.7	$	269.7
Average interest rate	3.7%		3.6%

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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 January 28, 2023 and January 29, 2022.

(3)The ABL Credit Facility contains an excess availability requirement which would effectively reduce this amount to $20.6 million.