Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Statements of Cash Flows) (Details)

v3.19.2
CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Statements of Cash Flows) (Details) - USD ($)
$ in Thousands
6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
Cash flows from operating activities:    
Net cash provided by operating activities $ (2,108) $ (86,562)
Cash flows used in investing activities:    
Additions to property and equipment (57,533) (69,908)
Cash flows from financing activities:    
Payment of debt refinancing costs (6,032) (1,069)
Net cash used in financing activities (55,265) (146,235)
Net change in cash and equivalents (114,906) (302,705)
Cash and equivalents at beginning of period 245,887 425,896
Cash and equivalents at end of period 130,981 123,191
Michaels Stores [Member]    
Cash flows from operating activities:    
Net cash provided by operating activities (3,839) (87,943)
Cash flows used in investing activities:    
Additions to property and equipment (57,533) (69,908)
Cash flows from financing activities:    
Net repayments of debt (522,450) (27,390)
Net borrowings of debt 500,000 133,600
Payment of debt refinancing costs (6,032) (1,069)
Payment of dividend to Michaels Funding, Inc. (25,060) (250,000)
Net cash used in financing activities (53,542) (144,859)
Net change in cash and equivalents (114,914) (302,710)
Cash and equivalents at beginning of period 245,108 425,129
Cash and equivalents at end of period $ 130,194 $ 122,419