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CONSOLIDATED STATEMENTS OF OPERATIONS (Guitar Center Holdings, Inc.) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales $ 2,082,577 $ 2,010,895 $ 2,004,179
Cost of goods sold, buying and occupancy 1,447,434 1,405,044 1,414,751
Gross profit 635,143 605,851 589,428
Selling, general and administrative expenses 579,226 546,135 543,819
Impairment of intangible assets 45,961   9,709
Impairment of goodwill 107,026   123,804
Operating income (loss) (97,070) 59,716 (87,904)
Interest expense (161,250) (145,572) (137,523)
Interest income 214 339 507
Loss before income taxes (258,106) (85,517) (224,920)
Income tax benefit (21,167) (29,140) (35,062)
Net loss $ (236,939) $ (56,377) $ (189,858)