DEBT (Tables)

6 Months Ended

Jul. 29, 2023

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

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

	July 29, 2023		January 28, 2023		July 30, 2022
	(in millions)
Total borrowing base availability	$	466.8	$	404.2	$	478.0
Credit facility maximum, net of the excess availability requirement, as applicable	400.5		315.0		350.0
Maximum borrowing availability (1)	400.5		315.0		350.0
Outstanding borrowings	347.5		287.0		283.9
Letters of credit outstanding—standby	7.4		7.4		7.4
Utilization of credit facility at end of period	354.9		294.4		291.3
Availability (2)	$	45.6	$	20.6	$	58.7
Interest rate at end of period	8.1%		5.9%		3.4%

	Year-To-Date 2023		Fiscal 2022		Year-To-Date 2022
	(in millions)
Average end of day loan balance during the period	$	315.2	$	274.9	$	268.2
Highest end of day loan balance during the period	$	379.4	$	297.7	$	297.6
Average interest rate	6.3%		3.7%		2.4%

____________________________________________

(1)Lower of the credit facility maximum, net of the excess availability requirement, and the total borrowing base availability.

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