Debt Obligations

9 Months Ended

Oct. 29, 2016

Debt Disclosure [Abstract]

Debt Obligations and Warrant Liabilities

DEBT OBLIGATIONS

The Company has a $100 million Secured Credit Facility and a $50 million Letter of Credit Agreement, which are described more fully in the Annual Report on Form 10-K for the fiscal year ended January 30, 2016. As of October 29, 2016, January 30, 2016 and October 31, 2015, the Company had no outstanding borrowings or letters of credit under the Credit Facility with availability of $100 million, $100 million and $50 million, respectively. As of October 29, 2016, January 30, 2016 and October 31, 2015, the Company had $4.9 million, $7.1 million and $4.2 million, respectively, in outstanding letters of credit under the Letter of Credit Agreement, and $5.3 million, $7.7 million and $4.7 million, respectively, in restricted cash on deposit as collateral under the Letter of Credit Agreement. The restricted cash balance is recorded in prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets.