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Financing Arrangements - Notes to Financial Statements
12 Months Ended
Feb. 02, 2013
Financing Arrangements [Abstract]  
Financing Arrangements

8. Financing Arrangements

 

       As of February 2, 2013, the Company had an unsecured revolving credit agreement to borrow $35.0 million. The revolving credit agreement is committed until August 2013. The Company is in the process of extending the credit agreement. The credit agreement contains various financial covenants and limitations, including the maintenance of specific financial ratios with which the Company was in compliance as of February 2, 2013. There were no borrowings outstanding under this credit facility during the periods ended February 2, 2013, January 28, 2012 or January 29, 2011. Interest on any borrowings is based on One Month LIBOR, which was 0.199% at February 2, 2013.

 

       At February 2, 2013, January 28, 2012 and January 29, 2011, the Company had approximately $2.9 million, $2.3 million and $7.2 million, respectively, of outstanding irrevocable letters of credit relating to purchase commitments.