Annual report pursuant to Section 13 and 15(d)

DEBT, Revolving (Details)

v3.19.1
DEBT, Revolving (Details) - USD ($)
$ in Thousands
12 Months Ended
May 27, 2016
Feb. 02, 2019
Jan. 28, 2017
Asset-based Revolving Credit Facility      
Net debt issuance costs   $ 14,607  
Losses on early extinguishments of debt and refinancing costs   1,835 $ 7,292
Michaels Stores | Revolving credit facility      
Asset-based Revolving Credit Facility      
Maximum borrowing capacity $ 850,000    
Percentage of eligible credit card receivables and debit card receivables to determine borrowing base 90.00%    
Percentage of eligible trade receivables to determine borrowing base 85.00%    
Current availability   850,000  
Unused borrowing capacity   742,700  
Outstanding letters of credit   107,300  
Maximum borrowing capacity, optional additional commitments $ 200,000    
Maximum borrowing capacity once expanded $ 1,050,000    
Initial commitment fee on the unutilized commitments (as a percent) 0.25%    
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%    
Period of excess availability as a percentage of loan cap for repayment of outstanding loans 5 days    
Projected period used for testing of certain payment conditions 90 days    
Period of excess availability as a percentage of loan cap for maintaining specified consolidated fixed charge coverage ratio 30 days    
Net debt issuance costs   $ 2,600  
Losses on early extinguishments of debt and refinancing costs $ 400    
Michaels Stores | Revolving credit facility | Minimum      
Asset-based Revolving Credit Facility      
Percentage of appraised net orderly liquidation value of eligible inventory to determine borrowing base 90.00%    
Percentage of appraised net orderly liquidation value of eligible inventory and eligible letters of credit to determine borrowing base 90.00%    
Excess availability as a percentage of loan cap for repayment of outstanding loans 10.00%    
Excess availability for repayment of outstanding loans $ 50,000    
Excess availability as a percentage of loan cap for specified period for maintaining specified consolidated fixed charge coverage ratio 10.00%    
Excess availability for specified period for maintaining specified consolidated fixed charge coverage ratio $ 50,000    
Consolidated fixed charge coverage ratio required to be maintained 1.00%    
Michaels Stores | Revolving credit facility | Maximum      
Asset-based Revolving Credit Facility      
Percentage of appraised net orderly liquidation value of eligible inventory to determine borrowing base 92.50%    
Percentage of appraised net orderly liquidation value of eligible inventory and eligible letters of credit to determine borrowing base 92.50%    
Excess availability as a percentage of loan cap for maintaining specified consolidated fixed charge coverage ratio 10.00%    
Excess availability for maintaining specified consolidated fixed charge coverage ratio $ 50,000    
Michaels Stores | Federal Funds | Revolving credit facility      
Asset-based Revolving Credit Facility      
Margin basis spread on reference rate (as a percent) 0.50%    
Michaels Stores | LIBOR - 1% minimum | Revolving credit facility      
Asset-based Revolving Credit Facility      
Margin basis spread on reference rate (as a percent) 1.00%    
Michaels Stores | LIBOR | Revolving credit facility      
Asset-based Revolving Credit Facility      
Margin basis spread on reference rate (as a percent) 1.25%    
Michaels Stores | Prime Rate | Revolving credit facility      
Asset-based Revolving Credit Facility      
Margin basis spread on reference rate (as a percent) 0.25%