Long-Term Debt

6 Months Ended

Jul. 28, 2019

Long-term debt and the current period interest rates were as follows:



	Balance as of
(in thousands)	July 28, 2019			January 27, 2019
Term loans	$	105,938		$	115,312
Revolving loans	97,000			97,000
Total debt	202,938			212,312
Current portion, net	(18,294		)	(18,269		)
Total long-term debt	184,644			194,043
Debt issuance costs	(952		)	(1,198		)
Total long-term debt, net of debt issuance costs	$	183,692		$	192,845
Weighted-average interest rate	3.90		%	4.14		%

On November 15, 2016, the Company, with certain of its domestic subsidiaries as guarantors, entered into an amended and restated credit agreement with the lenders party thereto and HSBC Bank USA, National Association, as administrative agent, swing line lender and letter of credit issuer, consisting of senior secured term loans in an aggregate principal amount of $150.0 million (the "Term Loans") and senior secured revolving commitments in an aggregate principal amount of $250.0 million (the “Revolving Loans” and together with the Term Loans, the "Credit Facility"). The Credit Facility is scheduled to mature on November 12, 2021.

The outstanding principal balance of the Term Loans is subject to repayment in quarterly installments. No amortization is required with respect to the Revolving Loans. As of July 28, 2019, the Company was in compliance with all financial covenants required under the Credit Facility.

Scheduled maturities of current and long-term Term Loans are as follows:



(in thousands)
Fiscal Year Ending:
2020 (remaining six months)	$	9,375
2021	19,688
2022	76,875
Total Term Loans	$	105,938

There are no scheduled principal payments for the Revolving Loans, which had outstanding borrowings of $97.0 million at July 28, 2019, and are due on or before November 12, 2021. As of July 28, 2019, the Company had $153.0 million of unused borrowing capacity under the Revolving Loans.

Interest expense was comprised of the following components for the periods presented:



	Three Months Ended				Six Months Ended
(in thousands)	July 28, 2019		July 29, 2018		July 28, 2019		July 29, 2018
Contractual interest	$	2,475	$	2,067	$	4,817	$	4,121
Amortization of debt discount	86		94		174		190
Amortization of debt issuance costs	36		39		73		79
Total interest expense	$	2,597	$	2,200	$	5,064	$	4,390

As of July 28, 2019, there were no amounts outstanding under the letters of credit, swing line loans and alternative currency sub-facilities.