Annual report pursuant to Section 13 and 15(d)

DEBT, 5.875% Notes (Details)

v3.19.1
DEBT, 5.875% Notes (Details) - USD ($)
$ in Thousands
Dec. 19, 2013
Feb. 02, 2019
Feb. 03, 2018
Jun. 16, 2014
Debt        
Net debt issuance costs   $ 14,607    
Senior subordinated notes        
Debt        
Stated interest rate (as a percent)     5.875%  
Michaels Stores | Senior subordinated notes        
Debt        
Principal amount of notes issued $ 260,000     $ 250,000
Stated interest rate (as a percent) 5.875%      
Issue price as a percentage of face value       102.00%
Effective interest rate (as a percent)       5.76%
Percentage of aggregate principal amount at which notes may be required to be repurchased in the event of change of control 101.00%      
Amount of dividends, distributions and repurchases allowable per the debt covenant $ 100,000      
Dividends, distributions and repurchases as a percent of Company's Consolidated Net Income allowable per the debt covenant 50.00%      
Permitted restricted payment amount   1,097,500    
Net debt issuance costs   $ 3,100    
Michaels Stores | Senior subordinated notes | Maximum        
Debt        
Consolidated total leverage ratio 3.25      
Michaels Stores | Senior subordinated notes | Debt Instrument Redemption Beginning December 15, 2018 and Thereafter        
Debt        
Redemption price of debt instrument as a percentage of principal amount 100.00%