The Michaels Companies, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- BASIS OF PRESENTATION (Policies)
Notes Tables
Notes Details

DEBT (Interest Rate Swaps/Interest Rate Caps) (Narrative) (Details)

v3.20.2

DEBT (Interest Rate Swaps/Interest Rate Caps) (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2020 USD ($)	Nov. 02, 2019 USD ($)	Oct. 31, 2020 USD ($)	Nov. 02, 2019 USD ($)	Apr. 30, 2020 USD ($) derivative	Feb. 01, 2020 USD ($)	Apr. 30, 2018 USD ($) derivative
Debt
Interest expense	$ 37,370	$ 38,781	$ 112,233	$ 116,274
Interest Rate Swaps [Member]
Debt
Interest rate swaps liability	6,769	6,295	6,769	6,295		$ 3,555
Interest Rate Caps [Member] \| Michaels Stores [Member]
Debt
Notional value	300,000		300,000		$ 1,000,000
Term Loan Credit Facility [Member] \| Interest Rate Swaps [Member] \| Michaels Stores [Member]
Debt
Number of interest rate derivatives \| derivative							2
Notional value							$ 1,000,000
Interest rate (as a percent)							2.7765%
Term Loan Credit Facility [Member] \| Interest Rate Swaps [Member] \| Michaels Stores [Member] \| Accumulated Gain (Loss), Cash Flow Hedge [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Debt
Interest expense	$ 4,500	$ 1,700	$ 12,500	$ 3,300
Term Loan Credit Facility [Member] \| Interest Rate Caps [Member] \| Michaels Stores [Member]
Debt
Number of interest rate derivatives \| derivative					2
Notional value					$ 2,000,000
Interest rate (as a percent)					1.00%

- Definition

Contractual interest rate for funds borrowed, under the debt agreement.

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