Quarterly report pursuant to Section 13 or 15(d)


6 Months Ended
Aug. 02, 2014
Subsequent Events [Abstract]  
Subsequent Events

Fuel Hedge

In August 2014, the Company entered into additional fuel derivative contracts with a third party for approximately 0.8 million gallons of diesel fuel, or approximately 20% of its fuel needs from November 2014 through January 2015. Under these contracts, the Company pays the third party a fixed price for diesel fuel and receives variable diesel fuel prices at amounts approximating current diesel fuel costs, thereby creating the economic equivalent of a fixed-rate obligation. These derivative contracts do not qualify for hedge accounting and therefore all changes in fair value for these derivatives will be included in earnings.

Credit Agreement Amendment

On August 15, 2014, the Company entered into an amendment (the "Amendment") to its five-year $750.0 million Credit Agreement (the "Existing Credit Agreement") with Wells Fargo Bank, N.A, as administrative agent and the lenders party thereto. The Amendment amends the Existing Credit Agreement to facilitate the issuance and/or borrowings of certain third-party debt financing that may be used by the Company to finance its proposed acquisition of Family Dollar.