Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.20.1
Subsequent Events
6 Months Ended
May 03, 2020
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
 
On June 11, 2020 the Company amended the DZ Financing Program. The modifications to the agreement were to (1) replace an existing Tangible Net Worth (“TNW”) covenant requirement, as defined, to a minimum TNW of $20.0 million through the Company's fiscal quarter ending on or about July 31, 2021 and $40.0 million in each quarter thereafter, and (2) reduce the Maximum Facility Amount, as defined, from $115.0 million to $100.0 million. All other terms and conditions remain unchanged.