XML 73 R62.htm IDEA: XBRL DOCUMENT v3.24.2.u1
DEBT - Narrative (Details) - Barnes & Noble Education, Inc. - Asset-backed revolving credit facility - USD ($)
1 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Jun. 29, 2024
DEBT      
Debt instrument, Term   4 years  
Line of Credit Facility, Maximum Borrowing Capacity $ 325,000,000 $ 325,000,000  
Debt instrument, Maturity Date   Jun. 09, 2028  
Consecutive period after the first year anniversary of the Closing Date, for financial metrics to be achieved   6 months  
Percentage of spreads reducement, after financial metrics achievement   0.25%  
Period after the Closing Date, for financial metrics start period upon covenant terms   6 months  
Requirement of minimum Consolidated Fixed Charge Coverage Ratio   1.10 to 1.00  
Trailing period of test for maintenance of minimum Consolidated Fixed Charge Coverage Ratio   12 months  
Trailing period for the first test date for maintenance of minimum Consolidated EBITDA   6 months  
Trailing period for the second test date for maintenance of minimum Consolidated EBITDA   9 months  
Trailing period for the third test date for maintenance of minimum Consolidated EBITDA   12 months  
Line of Credit Facility, Commitment Fee Percentage   1.00%  
Line of Credit Facility, Percentage of Commitment Fee amount payable at third quarter   50.00%  
Line of Credit Facility, Percentage of Commitment Fee amount payable at second quarter of next fiscal year   50.00%  
Line of Credit Facility, Covenant Compliance   As of June 30, 2024, and through the date of this filing, Barnes & Noble Education was in compliance with all debt covenants under the <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 24px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Restated ABL Facility</span>.  
Proceeds from Lines of Credit 101,500,000    
Repayments of Lines of Credit 16,100,000    
Outstanding borrowings $ 186,600,000 $ 186,600,000  
Letter of Credit [Member]      
DEBT      
Debt Instrument, Face Amount     $ 3,600,000
Secured Overnight Financing Rate (“SOFR”)      
DEBT      
Debt Instrument, Description of Variable Rate Basis   Secured Overnight Financing Rate (“SOFR”)  
Debt Instrument, Interest Rate, Stated Percentage 2.50% 2.50%  
Debt Instrument, Basis Spread on Variable Rate   3.50%  
Minimum Availability amount to be maintained   $ 25,000  
Period after the Closing Date, for Minimum Availability amount to be maintained   30 months  
Base Rate      
DEBT      
Debt Instrument, Description of Variable Rate Basis   alternate base rate  
Debt Instrument, Interest Rate, Stated Percentage 3.50% 3.50%  
Debt Instrument, Basis Spread on Variable Rate   2.50%  
Minimum Availability amount to be maintained   $ 30,000  
Period after the Closing Date, for Minimum Availability amount to be maintained   30 months