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Debt
9 Months Ended
Oct. 29, 2011
Debt Disclosure [Abstract]  
Debt
4.           Debt

At October 29, 2011, we had two unsecured credit facilities, renewable in November 2011 and August 2012.  The November facility allows for borrowings up to $50.0 million at a rate of prime plus 2%.  The August facility allows for borrowings up to $30.0 million at a rate equal to the higher of prime rate, the federal funds rate plus 0.5% or LIBOR.  Under the provisions of both facilities, we do not pay commitment fees and are not subject to covenant requirements.  We did not have any borrowings against either of these facilities during the thirteen or thirty-nine weeks ended October 29, 2011, nor was there any debt outstanding under either of these facilities at October 29, 2011.  A total of $80.0 million was available to us at October 29, 2011.

At January 29, 2011, we had the same two unsecured facilities and corresponding terms as listed above.  There were 10 days during the 52 weeks ended January 29, 2011, where we incurred borrowings against our credit facilities for an average and maximum borrowing of $5.3 million and $10.8 million, respectively, at an average interest rate of 2.28%.

Subsequent to October 29, 2011, we renewed our existing November facility of $50.0 million at an interest rate of prime plus 2%.  The renewal was effective November 19, 2011 and will expire on November 18, 2012.  The facility is unsecured and does not require a commitment or agency fee nor are there any covenant restrictions.