v3.26.1
DEBT (Tables)
3 Months Ended
May 02, 2026
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities
The table below presents the components of the Company’s ABL Credit Facility:
 May 2,
2026
January 31,
2026
May 3,
2025
(in millions)
Borrowing base
$246.7$234.2$315.5
Credit facility size
350.0350.0433.0
Maximum borrowing availability (1)
211.7199.2315.5
Outstanding borrowings150.0131.1258.6
Letters of credit outstanding—standby23.723.718.2
Utilization of credit facility at end of period173.7154.8276.8 
Availability (2)
$38.0$44.4$38.7
Interest rate at end of period6.5%6.5%7.7%
Average interest rate6.6%7.6%7.7%
Average end-of-day loan balance during the period$124.1$248.7$247.2
Highest end-of-day loan balance during the period$150.0$302.7$262.3
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(1)Prior to the Eighth Amendment, the lower of the credit facility size and the borrowing base, without factoring in any excess availability requirement. Pursuant to the Eighth Amendment, as of December 16, 2025, the Company’s maximum borrowing availability is the lower of the credit facility size and the borrowing base, net of the new excess availability requirement.
(2)The sublimit availability for letters of credit was $6.3 million as of May 2, 2026, $6.3 million as of January 31, 2026, and $6.8 million as of May 3, 2025.
Schedule of Principal Debt Payments
Maturities of the Company’s principal debt payments on the SLR Term Loan and Mithaq Term Loans are as follows:
May 2, 2026
(in thousands)
Remainder of 2026$— 
2027— 
2028— 
2029— 
2030100,000 
2031111,113 
Total principal debt payments
$211,113