Annual report pursuant to Section 13 and 15(d)

DEBT, Term Loan (Details)

v3.19.1
DEBT, Term Loan (Details)
$ in Thousands
12 Months Ended
May 23, 2018
USD ($)
Sep. 28, 2016
USD ($)
Feb. 02, 2019
USD ($)
Jan. 28, 2017
USD ($)
Feb. 03, 2018
USD ($)
Jul. 02, 2014
USD ($)
Debt            
Outstanding principal amount     $ 2,717,450   $ 2,742,350  
Unamortized debt issuance costs     14,607      
Losses on early extinguishments of debt and refinancing costs     1,835 $ 7,292    
Senior Secured Term Loan Facility            
Debt            
Outstanding principal amount     2,207,450   $ 2,232,350  
Michaels Stores | Senior Secured Term Loan Facility            
Debt            
Principal amount of notes issued           $ 850,000
Issue price as a percentage of face value           99.50%
Effective interest rate (as a percent)           4.02%
Outstanding principal amount     2,207,500      
Maximum amount of additional term loans which the entity has the right to request $ 750,000          
Maximum consolidated secured debt ratio 3.25          
Scheduled quarterly payments as a percentage of the original principal amount of the term loans 0.25%          
Period of incurrence of additional term loans to make scheduled quarterly payments 4 years 7 months 6 days          
Prepayment requirement as a percentage of net proceeds of any debt issued 100.00%          
Security interest granted in voting stock of foreign subsidiaries (as a percent) 65.00%          
Security interest granted in non-voting stock of foreign subsidiaries (as a percent) 100.00%          
Unamortized debt issuance costs     $ 8,900      
Losses on early extinguishments of debt and refinancing costs $ 1,800 $ 6,900        
Michaels Stores | Senior Secured Term Loan Facility | Maximum            
Debt            
Consolidated total leverage ratio 3.75          
Michaels Stores | Senior Secured Term Loan Facility | Base rate            
Debt            
Margin basis spread on reference rate (as a percent) 1.50%          
Michaels Stores | Senior Secured Term Loan Facility | Federal Funds            
Debt            
Margin basis spread on reference rate (as a percent) 0.50%          
Michaels Stores | Senior Secured Term Loan Facility | One-month LIBOR            
Debt            
Margin basis spread on reference rate (as a percent) 1.00%          
Michaels Stores | Senior Secured Term Loan Facility | LIBOR            
Debt            
Margin basis spread on reference rate (as a percent) 2.50%