Quarterly report pursuant to Section 13 or 15(d)

Credit Agreements Credit Facility (Tables)

v3.20.1
Credit Agreements Credit Facility (Tables)
 3 Months Ended
May 02, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Credit Facility [Table Text Block]
The Company's long-term credit facility consists of:
 
 
May 2, 2020
 
February 1, 2020
PNC revolving loan due July 27, 2023, principal amount
 
$
44,000,000

 
$
53,900,000

PNC term loan due July 27, 2023, principal amount
 
14,250,000

 
15,155,000

Less unamortized debt issuance costs
 
(86,000
)
 
(95,000
)
PNC term loan due July 27, 2023, carrying amount
 
14,164,000

 
15,060,000

Total long-term credit facility
 
58,164,000

 
68,960,000

Less current portion of long-term credit facility
 
(2,488,000
)
 
(2,714,000
)
Long-term credit facility, excluding current portion
 
$
55,676,000

 
$
66,246,000

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 2, 2020 are as follows:
 
 
PNC Credit Facility
 
 
Fiscal year
 
Term loan
 
Revolving loan
 
Total
2020
 
$
1,809,000

 
$
—

 
$
1,809,000

2021
 
2,714,000

 
—

 
2,714,000

2022
 
2,714,000

 
—

 
2,714,000

2023
 
7,013,000

 
44,000,000

 
51,013,000

 
 
$
14,250,000

 
$
44,000,000

 
$
58,250,000