Quarterly report pursuant to Section 13 or 15(d)

DEBT (Term Loan Credit Facility) (Narrative) (Details)

v3.20.2
DEBT (Term Loan Credit Facility) (Narrative) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2020
Oct. 31, 2020
Nov. 02, 2019
Oct. 31, 2020
Nov. 02, 2019
Feb. 01, 2020
Debt            
Repayment of term loan       $ 541,775 $ 18,675  
Total debt   $ 2,540,825 $ 2,688,775 2,540,825 2,688,775 $ 2,682,550
Losses on early extinguishments of debt and refinancing costs   22,044 161 22,044 1,316  
Michaels Stores [Member]            
Debt            
Losses on early extinguishments of debt and refinancing costs   22,044 161 22,044 1,316  
Term Loan Credit Facility [Member]            
Debt            
Repayment of term loan       500,100    
Total debt   1,665,825 2,188,775 1,665,825 2,188,775 2,182,550
Amended and Restated Term Loan Credit Facility [Member]            
Debt            
Issue price as a percentage of face value 98.50%          
Debt maturity date Oct. 01, 2027          
Maximum amount of additional term loans which the entity has the right to request $ 650,000          
Maximum consolidated secured debt ratio 3.25          
Scheduled quarterly payments as a percentage of the original principal amount of the term loans 0.25%          
Percentage of soft call premium applicable to debt 1.00%          
Right to request maximum additional borrowings, percentage of adjusted EBITDA 100.00%          
Net debt issuance costs   4,900   4,900    
Losses on early extinguishments of debt and refinancing costs       22,000    
Amended and Restated Term Loan Credit Facility, 2.50% Margin [Member] | Base Rate [Member]            
Debt            
Margin basis spread on reference rate (as a percent) 2.50%          
Amended and Restated Term Loan Credit Facility, 2.50% Margin [Member] | Federal Funds [Member]            
Debt            
Margin basis spread on reference rate (as a percent) 0.50%          
Amended and Restated Term Loan Credit Facility, 2.50% Margin [Member] | LIBOR [Member]            
Debt            
Margin basis spread on reference rate (as a percent) 1.00%          
Amended and Restated Term Loan Credit Facility, 2.50% Margin [Member] | LIBOR - Floor Rate [Member]            
Debt            
Margin basis spread on reference rate (as a percent) 1.75%          
Amended and Restated Term Loan Credit Facility, 3.50% Margin [Member]            
Debt            
Margin basis spread on reference rate (as a percent) 3.50%          
Amended and Restated Term Loan Credit Facility, 3.50% Margin [Member] | LIBOR - Floor Rate [Member]            
Debt            
Margin basis spread on reference rate (as a percent) 0.75%          
8.00% Senior Notes [Member]            
Debt            
Total debt   $ 500,000 $ 500,000 $ 500,000 $ 500,000 $ 500,000
8.00% Senior Notes [Member] | Amended and Restated Term Loan Credit Facility [Member]            
Debt            
Threshold amount of debt that will trigger maturity date adjustment $ 100,000