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

DEBT (5.875% Senior Subordinated Notes) (Narrative) (Details)

v3.20.4

DEBT (5.875% Senior Subordinated Notes) (Narrative) (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
	Jul. 29, 2019	Oct. 31, 2020	Jan. 30, 2021	Feb. 01, 2020	Feb. 02, 2019	Jun. 16, 2014	Dec. 19, 2013
Debt
Loss on early extinguishments of debt and refinancing costs		$ (22,000)	$ (22,044)	$ (1,316)	$ (1,835)
5.875% Senior Subordinated Notes [Member]
Debt
Principal amount of debt redeemed	$ 510,000
Loss on early extinguishments of debt and refinancing costs	$ (1,200)
5.875% Senior Subordinated Notes [Member] \| Michaels Stores [Member]
Debt
Principal amount of notes issued						$ 250,000	$ 260,000
Stated interest rate (as a percent)							5.875%
Issue price as a percentage of face value						102.00%
Effective interest rate (as a percent)						5.76%

- Definition

Represents the price of the debt issued as a percentage of its face value.

+ References

No definition available.

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- Definition

Face (par) amount of debt instrument at time of issuance.

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- Definition

Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

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- Definition

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

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

Gross amount of debt extinguished.

+ References

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- Definition

Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.

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