Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data (unaudited)

Quarterly Financial Data (unaudited)

14. Quarterly Financial Data (unaudited)

        The following is a presentation of quarterly results (in thousands):

• Holdings

	Year ended December 31, 2011
	First			Second			Third			Fourth			Total
Net sales	$	502,800		$	479,053		$	488,129		$	612,595		$	2,082,577
Gross profit	$	156,116		$	145,549		$	144,253		$	189,225		$	635,143
Net loss	$	(11,451	)	$	(25,952	)	$	(27,383	)	$	(172,153	)	$	(236,939	)

	Year ended December 31, 2010
	First			Second			Third			Fourth			Total
Net sales	$	487,414		$	460,957		$	465,007		$	597,517		$	2,010,895
Gross profit	$	148,997		$	134,333		$	134,509		$	188,012		$	605,851
Net loss	$	(10,991	)	$	(20,134	)	$	(23,050	)	$	(2,202	)	$	(56,377	)

	Year ended December 31, 2009
	First			Second			Third			Fourth			Total
Net sales	$	497,925		$	463,708		$	460,566		$	581,980		$	2,004,179
Gross profit	$	143,117		$	133,724		$	132,945		$	179,642		$	589,428
Net loss	$	(15,023	)	$	(21,135	)	$	(19,977	)	$	(133,723	)	$	(189,858	)

• Guitar Center

	Year ended December 31, 2011
	First		Second			Third			Fourth			Total
Net sales	$	502,800	$	479,053		$	488,129		$	612,595		$	2,082,577
Gross profit	$	156,116	$	145,549		$	144,253		$	189,225		$	635,143
Net income (loss)	$	1,772	$	(12,398	)	$	(13,759	)	$	(129,320	)	$	(153,705	)

	Year ended December 31, 2010
	First		Second			Third			Fourth		Total
Net sales	$	487,414	$	460,957		$	465,007		$	597,517	$	2,010,895
Gross profit	$	148,997	$	134,333		$	134,509		$	188,012	$	605,851
Net income (loss)	$	160	$	(8,332	)	$	(11,119	)	$	10,427	$	(8,864	)

	Year ended December 31, 2009
	First			Second			Third			Fourth			Total
Net sales	$	497,925		$	463,708		$	460,566		$	581,980		$	2,004,179
Gross profit	$	143,117		$	133,724		$	132,945		$	179,642		$	589,428
Net loss	$	(5,113	)	$	(10,646	)	$	(9,373	)	$	(122,501	)	$	(147,633	)