Annual report pursuant to Section 13 and 15(d)

DEBT (Revolving Credit Facility) (Narrative) (Details)

v3.20.1
DEBT (Revolving Credit Facility) (Narrative) (Details) - USD ($)
$ in Thousands
12 Months Ended
Aug. 30, 2019
May 27, 2016
Feb. 01, 2020
Feb. 02, 2019
Asset-based Revolving Credit Facility        
Net debt issuance costs     $ 15,900  
Losses on early extinguishments of debt and refinancing costs     (1,316) $ (1,835)
Asset-Based Revolving Credit Facility [Member] | Michaels Stores [Member]        
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     768,100  
Outstanding letters of credit     81,900  
Maximum borrowing capacity, optional additional commitments   $ 200,000    
Maximum borrowing capacity once expanded   $ 1,050,000    
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   30 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     $ 3,500  
Losses on early extinguishments of debt and refinancing costs $ (200)      
Asset-Based Revolving Credit Facility [Member] | Michaels Stores [Member] | Minimum [Member]        
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%    
Asset-Based Revolving Credit Facility [Member] | Michaels Stores [Member] | Maximum [Member]        
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    
Asset-Based Revolving Credit Facility [Member] | Michaels Stores [Member] | Federal Funds [Member]        
Asset-based Revolving Credit Facility        
Margin basis spread on reference rate (as a percent)   0.50%    
Asset-Based Revolving Credit Facility [Member] | Michaels Stores [Member] | LIBOR - 1% minimum [Member]        
Asset-based Revolving Credit Facility        
Margin basis spread on reference rate (as a percent)   1.00%    
Asset-Based Revolving Credit Facility [Member] | Michaels Stores [Member] | LIBOR [Member]        
Asset-based Revolving Credit Facility        
Margin basis spread on reference rate (as a percent)   1.25%    
Asset-Based Revolving Credit Facility [Member] | Michaels Stores [Member] | Prime Rate [Member]        
Asset-based Revolving Credit Facility        
Margin basis spread on reference rate (as a percent)   0.25%    
Amended Revolving Credit Facility [Member]        
Asset-based Revolving Credit Facility        
Initial commitment fee on the unutilized commitments (as a percent) 0.25%      
Average daily excess availability as a percentage of total commitments for lower commitment fee on the unutilized commitments 0.20%      
Commitment fee on the unutilized commitments if average daily excess availability is less than or equal to the specified percentage 50.00%