Credit Facility	12 Months Ended
Jan. 28, 2012
Debt/Credit Facility [Abstract]
CREDIT FACILITY	5. CREDIT FACILITY On December 7, 2011, the Company entered into a new five-year, $100 million revolving credit facility with Wells Fargo Bank, N.A (the “New Credit Facility”), which replaced the Company’s previous revolving credit facility with JPMorgan Chase (the “Former Credit Facility”). Borrowings under the New Credit Facility bear interest at a floating rate which, at the Company’s option, may be determined by reference to a LIBOR Rate or a Base Rate (as defined in the New Credit Facility, 4.0% as of January 28, 2012). Extensions of credit under the New Credit Facility are limited to a borrowing base consisting of specified percentages of eligible categories of assets. The New Credit Facility is available for direct borrowings and allows for the issuance of letters of credit, and up to $12.5 million is available for swing-line loans. The New Credit Facility is secured by liens and security interests with (a) first priority security interest in the current and certain related assets of the Company including cash, cash equivalents, deposit accounts, securities accounts, credit card receivables, and inventory, and (b) second priority security interest in all assets and properties of the Company that are not secured by a first lien and security interest. The New Credit Facility also contains covenants that, subject to specified exceptions, restrict the Company’s ability to, among other things, incur additional indebtedness, incur liens, liquidate or dissolve, sell, transfer, lease or dispose of assets, or make loans, investments or guarantees. The New Credit Facility is scheduled to mature on December 7, 2016. Based on current forecasts and plans for the year, the Company believes that cash flows from operating activities, working capital, borrowing availability under the New Credit Facility, borrowings resulting from a new senior secured term loan and the two mortgage transactions discussed in Note 6 and other financing opportunities, will be sufficient to meet its operating and capital expenditure needs for the next twelve months. At January 28, 2012, the Company had $1.3 million of direct borrowings and $13 million in letters of credit outstanding under the New Credit Facility. The remaining availability under the New Credit Facility at January 28, 2012 was $29 million. The Company is not subject to any financial covenant restrictions under the New Credit Facility. The Former Credit Facility provided for a secured revolving line of credit of up to $150 million that could have been increased up to $225 million subject to lender approval. Extensions of credit under the Former Credit Facility were limited to a borrowing base consisting of specified percentages of eligible categories of assets, primarily cash and inventory (generally, 75% of inventories). The Former Credit Facility was secured by cash, cash equivalents, deposit accounts, securities accounts, credit card receivables and inventory. Direct borrowings under the Former Credit Facility bore interest at the administrative agent’s alternate base rate (as defined, 3.5% at closing) or at optional interest rates that were primarily dependent upon LIBOR or the federal funds effective rate for the time period chosen. During fiscal 2011, the Company drew down $20 million under the Former Credit Facility which was subsequently repaid with the proceeds from the term loan discussed in Note 6. The Former Credit Facility was terminated on December 7, 2011.

Credit Facility

12 Months Ended

Jan. 28, 2012

5. CREDIT FACILITY

On December 7, 2011, the Company entered into a new five-year, $100 million revolving credit facility with Wells Fargo Bank, N.A (the “New Credit Facility”), which replaced the Company’s previous revolving credit facility with JPMorgan Chase (the “Former Credit Facility”). Borrowings under the New Credit Facility bear interest at a floating rate which, at the Company’s option, may be determined by reference to a LIBOR Rate or a Base Rate (as defined in the New Credit Facility, 4.0% as of January 28, 2012). Extensions of credit under the New Credit Facility are limited to a borrowing base consisting of specified percentages of eligible categories of assets. The New Credit Facility is available for direct borrowings and allows for the issuance of letters of credit, and up to $12.5 million is available for swing-line loans. The New Credit Facility is secured by liens and security interests with (a) first priority security interest in the current and certain related assets of the Company including cash, cash equivalents, deposit accounts, securities accounts, credit card receivables, and inventory, and (b) second priority security interest in all assets and properties of the Company that are not secured by a first lien and security interest. The New Credit Facility also contains covenants that, subject to specified exceptions, restrict the Company’s ability to, among other things, incur additional indebtedness, incur liens, liquidate or dissolve, sell, transfer, lease or dispose of assets, or make loans, investments or guarantees. The New Credit Facility is scheduled to mature on December 7, 2016. Based on current forecasts and plans for the year, the Company believes that cash flows from operating activities, working capital, borrowing availability under the New Credit Facility, borrowings resulting from a new senior secured term loan and the two mortgage transactions discussed in Note 6 and other financing opportunities, will be sufficient to meet its operating and capital expenditure needs for the next twelve months. At January 28, 2012, the Company had $1.3 million of direct borrowings and $13 million in letters of credit outstanding under the New Credit Facility. The remaining availability under the New Credit Facility at January 28, 2012 was $29 million. The Company is not subject to any financial covenant restrictions under the New Credit Facility.

The Former Credit Facility provided for a secured revolving line of credit of up to $150 million that could have been increased up to $225 million subject to lender approval. Extensions of credit under the Former Credit Facility were limited to a borrowing base consisting of specified percentages of eligible categories of assets, primarily cash and inventory (generally, 75% of inventories). The Former Credit Facility was secured by cash, cash equivalents, deposit accounts, securities accounts, credit card receivables and inventory. Direct borrowings under the Former Credit Facility bore interest at the administrative agent’s alternate base rate (as defined, 3.5% at closing) or at optional interest rates that were primarily dependent upon LIBOR or the federal funds effective rate for the time period chosen. During fiscal 2011, the Company drew down $20 million under the Former Credit Facility which was subsequently repaid with the proceeds from the term loan discussed in Note 6. The Former Credit Facility was terminated on December 7, 2011.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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