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Long-Term Debt
12 Months Ended
Jan. 28, 2023
Long-term Debt, Unclassified [Abstract]  
Long-Term Debt

4.  Long-Term Debt

Long-term debt, including the current portion, of $321.4 million and $366.0 million was outstanding at January 28, 2023 and January 29, 2022, respectively. The debt outstanding at January 28, 2023 consisted of unsecured notes, bearing interest rates ranging from 7.000% to 7.750% and maturing during fiscal 2026 through fiscal 2028. There are no financial covenants under any of the debt agreements.

Long-term debt maturities over the next five years are (in millions):

    

Long-Term Debt

Fiscal Year

Maturities

2023

$

2024

2025

 

2026

 

96.0

2027

 

80.0

Net interest and debt expense consists of the following:

(in thousands of dollars)

    

Fiscal 2022

    

Fiscal 2021

    

Fiscal 2020

Interest on long-term debt and subordinated debentures

$

40,123

$

41,177

$

41,718

Revolving credit facility expenses

 

2,518

 

2,515

 

5,681

Amortization of debt expense

 

709

 

1,211

 

1,995

Interest on finance lease obligations

 

 

31

 

209

Investment interest income

 

(12,827)

 

(1,847)

 

(505)

Other interest

 

4

 

5

 

10

$

30,527

$

43,092

$

49,108

Interest paid during fiscal 2022, 2021 and 2020 was approximately $44.7 million, $44.8 million and $48.4 million, respectively.