The Michaels Companies, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

DEBT (Senior Secured Notes) (Narrative) (Details)

v3.20.4

DEBT (Senior Secured Notes) (Narrative) (Details) - USD ($) $ in Thousands		12 Months Ended
	Oct. 01, 2020	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019
Outstanding principal amount		$ 2,536,650	$ 2,682,550
Net debt issuance costs		17,400
Repayment of term loan		545,950	24,900	$ 24,900
Term Loan Credit Facility [Member]
Outstanding principal amount		1,661,650	2,182,550
Repayment of term loan		500,100
4.75% Senior Secured Notes [Member]
Debt issuance date	Oct. 01, 2020
Outstanding principal amount	$ 375,000	$ 375,000	$ 0
Stated interest rate (as a percent)	4.75%	4.75%
Debt maturity date	Oct. 01, 2027
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%
Net debt issuance costs		$ 5,000
Redeem up to 40% [Member] \| 4.75% Senior Secured Notes [Member]
Percentage of redemption of aggregate principal amount		40.00%
Redemption of debt instrument as a percentage of principal amount		104.75%
Redeem all or Part [Member] \| 4.75% Senior Secured Notes [Member]
Redemption of debt instrument as a percentage of principal amount		100.00%
Upon Change of Control [Member] \| 4.75% Senior Secured Notes [Member]
Redemption of debt instrument as a percentage of principal amount		101.00%
Sale of Certain Assets Constituting Term Priority Collateral [Member] \| 4.75% Senior Secured Notes [Member]
Redemption of debt instrument as a percentage of principal amount		100.00%

- Definition

Represents the percentage of security interest granted in the non-voting stock of foreign subsidiary as a condition of indebtedness.

+ References

No definition available.

+ Details

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- Definition

Represents the percentage of security interest granted in the voting stock of a foreign subsidiary or foreign subsidiary holding company as a condition of indebtedness.

+ References

No definition available.

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- Definition

Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
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- Definition

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

+ References

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- Definition

Date the debt instrument was issued, in CCYY-MM-DD format.

+ References

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- Definition

Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- Definition

Percentage price of original principal amount of debt at which debt can be redeemed by the issuer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 470
-Section 50
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- Definition

Percentage of principal amount of debt redeemed.

+ References

No definition available.

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- Definition

Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.

+ References

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- Definition

The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt.

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