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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Guitar Center Holdings, Inc.) (USD $)
In Thousands
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net sales$ 488,129$ 465,007$ 1,469,982$ 1,413,378
Cost of goods sold, buying and occupancy343,876330,4981,024,064995,540
Gross profit144,253134,509445,918417,838
Selling, general and administrative expenses143,683132,111422,922391,649
Operating income5702,39822,99626,189
Interest expense(40,907)(36,386)(120,200)(108,083)
Interest income3761202285
Loss before income taxes(40,300)(33,927)(97,002)(81,609)
Income tax benefit(12,917)(10,877)(32,216)(27,434)
Net loss$ (27,383)$ (23,050)$ (64,786)$ (54,175)