XML 33 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt
3 Months Ended
Feb. 02, 2019
Debt Disclosure [Abstract]  
Debt
Debt
The Company has a senior unsecured revolving credit facility with certain institutional lenders that expires on July 10, 2020. The agreement for such revolving credit facility (the Credit Agreement) provides that the Company may borrow up to $1.0 billion. In December 2018, the Company borrowed $75.0 million under this revolving credit facility and utilized the proceeds for the repayment of existing indebtedness and working capital requirements. The Company repaid the $75 million plus interest of $0.2 million in January 2019. The Company may borrow under this revolving credit facility in the future and use the proceeds for repayment of existing indebtedness, stock repurchases, acquisitions, capital expenditures, working capital and other lawful corporate purposes.
During the three-month period ended February 2, 2019, the Company made an additional principal payment of $100.0 million on its 3-year unsecured term loan. These amounts were not contractually due under the terms of the loan.