Annual report pursuant to Section 13 and 15(d)

Credit Agreements (Tables)

v3.21.1
Credit Agreements (Tables)
12 Months Ended
Jan. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Credit Facility [Table Text Block]

The Company’s long-term credit facility consists of:

    

January 30,2021

    

February 1,2020

PNC revolving loan due July 27, 2023, principal amount

$

41,000,000

$

53,900,000

PNC term loan due July 27, 2023, principal amount

 

12,441,000

 

15,155,000

Less unamortized debt issuance costs

 

(61,000)

 

(95,000)

PNC term loan due July 27, 2023, carrying amount

 

12,380,000

 

15,060,000

Total long-term credit facility

 

53,380,000

 

68,960,000

Less current portion of long-term credit facility

 

(2,714,000)

 

(2,714,000)

Long-term credit facility, excluding current portion

$

50,666,000

$

66,246,000

Schedule of Maturities of Long-term Debt [Table Text Block]

The aggregate maturities of the Company’s long-term credit facility as of January 30, 2021 are as follows:

PNC Credit Facility

Fiscal year

    

Term loan

    

Revolving loan

    

Total

2021

$

2,714,000

$

$

2,714,000

2022

 

2,714,000

 

 

2,714,000

2023

 

7,013,000

 

41,000,000

 

48,013,000

$

12,441,000

$

41,000,000

$

53,441,000