DEBT OBLIGATIONS |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Aug. 15, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DEBT OBLIGATIONS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DEBT OBLIGATIONS |
Long-term debt consists of:
The fair value of the Company’s long-term debt, including current maturities, was estimated based on Level 2 quoted market prices for the same or similar issues adjusted for illiquidity based on available market evidence. If quoted market prices were not available, the fair value was based upon the net present value of the future cash flow using the forward interest rate yield curve in effect at August 15, 2026 and January 31, 2026. At August 15, 2026, the fair value of total debt was $13,900 compared to a carrying value of $15,367. At January 31, 2026, the fair value of total debt was $14,975 compared to a carrying value of $15,875. In the first two quarters of 2026, the Company repaid $500 of senior notes bearing an interest rate of 3.5% using cash on hand. As of August 15, 2026 and January 31, 2026, Other debt consisted primarily of a financial obligation related to a sale transaction for properties that did not qualify for sale-leaseback accounting treatment in 2021.
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