Long-Term Debt (Tables)

6 Months Ended

Jul. 28, 2012

Summary of Long-Term Debt and Capital Lease Obligations

The following is a summary of the Company’s long-term debt and capital lease obligations:

(dollars in millions)	July 28, 2012		July 30, 2011		January 28, 2012
Term Loan Facility (1)	$	481.8	$	486.8	$	484.4
Senior Subordinated Notes (2)		124.7		174.3		124.6
Amended Revolving Loan Facility (3)		—		—		—
Capital-lease obligations		0.9		1.0		0.9
Total debt		607.4		662.1		609.9
Less: current maturities of long-term debt		5.1		5.1		5.1
Long-term debt	$	602.3	$	657.0	$	604.8

⁽¹⁾  As of July 28, 2012, July 30, 2011 and January 28, 2012, the fair value of the Company's Term Loan Facility was $480.0 million, $478.4 million and $479.5 million, respectively, based on quoted market prices for similar issues with similar remaining maturities. The fair value of the Company’s Term Loan Facility is valued using level 2 measurements as defined in the Fair Value Measurements footnote.

⁽²⁾  As of July 28, 2012, July 30, 2011 and January 28, 2012, the fair value of the Company's Senior Subordinated Notes was $125.5 million, $175.6 million and $125.6 million, respectively, based on trading activity as of those dates. The fair value of the Company’s Senior Subordinated Notes is valued using level 1 measurements as defined in the Fair Value Measurements footnote.

⁽³⁾  As of July 28, 2012, the Company's borrowing base on its Amended Revolving Loan Facility was $300.0 million less $21.2 million in outstanding letters of credit, or $278.8 million. The variable interest rate, including the applicable variable margin at July 28, 2012, was 1.12%.