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Debt (Tables)
12 Months Ended
Feb. 01, 2014
Debt Disclosure [Abstract]  
Schedule of debt
The following table details our debt (in thousands):
 
February 1, 2014
February 2, 2013
$235 million U.S. Secured Revolving Credit Facility ("U.S. Revolving Credit Agreement")(1)(2)
$
137,592

$
108,552

£7 million Senior Secured Revolving Credit Facility ("U.K. Revolving Credit Agreement")(3)
3,993

7,944

Total debt
141,585

116,496

Short-term debt
(3,993
)
(7,944
)
Long-term debt
$
137,592

$
108,552

_______________________________________________________________________________

(1)
The U.S. Revolving Credit Agreement, entered into in June 2012 and amended in November 2013, amended and restated our prior $175 million U.S. revolving credit facility. The U.S. Revolving Credit Agreement generally (i) is limited to a borrowing base consisting of specified percentages of eligible categories of assets; (ii) accrues variable-rate interest, unused line fees and letter of credit fees based upon a pricing grid which is tied to average unused availability and/or utilization; (iii) requires periodic interest payments with principal due at maturity (November 2018); and (iv) is generally secured by a first priority security interest in the accounts receivable, inventory, general intangibles and eligible trademarks, investment property (including the equity interests of certain subsidiaries), deposit accounts, intercompany obligations, equipment, goods, documents, contracts, books and records and other personal property of Oxford Industries, Inc. and substantially all of its domestic subsidiaries.

(2)
The U.S. Revolving Credit Agreement was amended in November 2013 primarily to (1) extend the maturity date of the facility from June 2017 to November 2018, (2) reduce the applicable margin (by 25 to 50 basis points, depending on excess availability under the facility at the time of determination) used to determine the applicable interest rate(s); and (3) modify certain other provisions and restrictions under the U.S. Revolving Credit Agreement.

(3)
The U.K. Revolving Credit Agreement generally (i) accrues interest at the bank's base rate plus an applicable margin; (ii) requires interest payments monthly with principal payable on demand; and (iii) is collateralized by substantially all of the assets of our United Kingdom Ben Sherman subsidiaries.