Subsequent Events	3 Months Ended
Apr. 25, 2020
Subsequent Events
Subsequent Events	13. Subsequent Events The COVID-19 pandemic is ongoing and dynamic in nature and we continue to reopen stores in regions that are not required to remain closed by state or local mandates. All but one of our stores are fully open to foot traffic with the remaining store open to curbside pickup as of June 18, 2020. Although we have seen elevated foot traffic and sales as we reopen stores, we are unable to determine with any degree of accuracy the length and severity of the crisis and there can be no assurance that we will not be required by landlords or authorities at the local, state or federal level to reinstate or extend store closures, or as to how long any such closure would continue. Given this uncertainty, it is possible the pandemic will continue to have a material impact on our consolidated balance sheets, consolidated statements of operations and consolidated statement of cash flows in fiscal year 2021 including, but not limited to, non-cash write-downs, impairments, valuation allowances and potential declines in liquidity. On June 12, 2020, we amended our ABL Facility to provide for a new tranche of term loans in a principal amount of $35.0 million on a “first-in, last out” basis (the “FILO Loans”), subject to a borrowing base, the net proceeds of which were used to repay a portion of the outstanding revolving credit loans on that date. The FILO Loans bear interest at the London Interbank Offered Rate offered for deposits for an interest period of 3 months (with a 1% LIBOR floor) plus 9.00%, (with such interest rate switching to an alternative base rate plus 8.00% only if LIBOR cannot be determined) and amortizes at 10.0% per annum in equal quarterly installments of $875,000 commencing on September 30, 2020, with the remaining balance due at maturity. The FILO Loans will mature on the earlier of (i) the maturity date of the ABL Facility and (ii) July 27, 2022 (the “FILO Maturity Date”). We will have to pay a prepayment premium on the principal amount of the FILO Loans prepaid or required to be prepaid. For additional information, see “Item 5. Other Information.”

Subsequent Events

3 Months Ended

Apr. 25, 2020

13. Subsequent Events

The COVID-19 pandemic is ongoing and dynamic in nature and we continue to reopen stores in regions that are not required to remain closed by state or local mandates. All but one of our stores are fully open to foot traffic with the remaining store open to curbside pickup as of June 18, 2020. Although we have seen elevated foot traffic and sales as we reopen stores, we are unable to determine with any degree of accuracy the length and severity of the crisis and there can be no assurance that we will not be required by landlords or authorities at the local, state or federal level to reinstate or extend store closures, or as to how long any such closure would continue. Given this uncertainty, it is possible the pandemic will continue to have a material impact on our consolidated balance sheets, consolidated statements of operations and consolidated statement of cash flows in fiscal year 2021 including, but not limited to, non-cash write-downs, impairments, valuation allowances and potential declines in liquidity.

On June 12, 2020, we amended our ABL Facility to provide for a new tranche of term loans in a principal amount of $35.0 million on a “first-in, last out” basis (the “FILO Loans”), subject to a borrowing base, the net proceeds of which were used to repay a portion of the outstanding revolving credit loans on that date. The FILO Loans bear interest at the London Interbank Offered Rate offered for deposits for an interest period of 3 months (with a 1% LIBOR floor) plus 9.00%, (with such interest rate switching to an alternative base rate plus 8.00% only if LIBOR cannot be determined) and amortizes at 10.0% per annum in equal quarterly installments of $875,000 commencing on September 30, 2020, with the remaining balance due at maturity. The FILO Loans will mature on the earlier of (i) the maturity date of the ABL Facility and (ii) July 27, 2022 (the “FILO Maturity Date”). We will have to pay a prepayment premium on the principal amount of the FILO Loans prepaid or required to be prepaid. For additional information, see “Item 5. Other Information.”