Quarterly report pursuant to Section 13 or 15(d)

Credit Agreements Credit Facility (Tables)

v3.19.2
Credit Agreements Credit Facility (Tables)
 3 Months Ended
May 04, 2019
Debt Disclosure [Abstract]  
Schedule of Long-term Credit Facility [Table Text Block]
The Company's long-term credit facility consists of:
 
 
May 4, 2019
 
February 2, 2019
PNC revolving loan due July 27, 2023, principal amount
 
$
53,900,000

 
$
53,900,000

PNC term loan due July 27, 2023, principal amount
 
16,964,000

 
17,643,000

Less unamortized debt issuance costs
 
(113,000
)
 
(123,000
)
PNC term loan due July 27, 2023, carrying amount
 
16,851,000

 
17,520,000

Total long-term credit facility
 
70,751,000

 
71,420,000

Less current portion of long-term credit facility
 
(2,714,000
)
 
(2,488,000
)
Long-term credit facility, excluding current portion
 
$
68,037,000

 
$
68,932,000

Schedule of Maturities of Long-term Credit Facility [Table Text Block]
The aggregate maturities of the Company's long-term credit facility as of May 4, 2019 are as follows:
 
 
PNC Credit Facility
 
 
Fiscal year
 
Term loan
 
Revolving loan
 
Total
2019
 
$
1,809,000

 
$
—

 
$
1,809,000

2020
 
2,714,000

 
—

 
2,714,000

2021
 
2,714,000

 
—

 
2,714,000

2022
 
2,714,000

 
—

 
2,714,000

2023
 
7,013,000

 
53,900,000

 
60,913,000

 
 
$
16,964,000

 
$
53,900,000

 
$
70,864,000