Rendering
Component: (Network and Table) |
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Network | 2322301 - Disclosure - Debt (Tables) (http://www.landsend.com/role/DebtTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0000799288 (http://www.sec.gov/CIK) |
Debt Disclosure [Abstract] | Period [Axis] |
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2016-01-30 - 2017-01-27 |
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Debt Disclosure [Abstract] | |
Company's Debt | The Company's debt consisted of the following: | | | | | | | | | | | | | | | | | | January 27, 2017 | | January 29, 2016 | (in thousands) | | Principal Amount | | Interest Rate | | Principal Amount | | Interest Rate | Term Loan Facility, maturing April 4, 2021 | | $ | 500,838 |
| | 4.25 | % | | $ | 505,988 |
| | 4.25 | % | ABL Facility, maturing April 4, 2019 | | — |
| | — | % | | — |
| | — | % | | | 500,838 |
| | | | 505,988 |
| | | Less: current maturities in Other current liabilities | | 5,150 |
| | | | 5,150 |
| | | Less: unamortized debt issuance costs | | 5,645 |
| | | | 7,000 |
| | | Long-term debt, net | | $ | 490,043 |
| | | | $ | 493,838 |
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Schedule of aggregate scheduled maturities | The Company’s aggregate scheduled maturities of the Term Loan Facility as of January 27, 2017 are as follows: | | | | | | (in thousands) | | | Less than 1 year | | $ | 5,150 |
| 1 - 2 years | | 5,150 |
| 2 - 3 years | | 5,150 |
| 3 - 4 years | | 5,150 |
| 4 - 5 years | | 480,238 |
| | | $ | 500,838 |
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Company's borrowing availability under ABL Facility | The following table summarizes the Company's borrowing availability under the ABL Facility:
| | | | | | | | | | (in thousands) | | January 27, 2017 | | January 29, 2016 | ABL maximum borrowing | | $ | 175,000 |
| | $ | 175,000 |
| Outstanding letters of credit | | 19,705 |
| | 24,311 |
| Borrowing availability under ABL | | $ | 155,295 |
| | $ | 150,689 |
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