DEBT (Tables)

3 Months Ended

Apr. 29, 2023

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

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

	April 29, 2023		January 28, 2023		April 30, 2022
	(in millions)
Total borrowing base availability	$	408.9	$	404.2	$	420.0
Credit facility maximum	350.0		350.0		350.0
Maximum borrowing availability (1)	350.0		350.0		350.0
Outstanding borrowings	300.8		287.0		249.5
Letters of credit outstanding—standby	7.4		7.4		7.4
Utilization of credit facility at end of period	308.2		294.4		256.9
Availability (2) (3)	$	41.8	$	55.6	$	93.1
Interest rate at end of period	6.5%		5.9%		2.0%

	First Quarter 2023		Fiscal 2022		First Quarter 2022
	(in millions)
Average end of day loan balance during the period	$	297.1	$	274.9	$	251.2
Highest end of day loan balance during the period	$	305.9	$	297.7	$	308.6
Average interest rate	5.9%		3.7%		2.0%

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

(2)The sub-limit availability for letters of credit was $42.6 million at April 29, 2023, January 28, 2023, and April 30, 2022.

(3)The ABL Credit Facility contains an excess availability requirement which would effectively reduce this amount to $6.8 million as of April 29, 2023.