Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Financial Data (unaudited)

Quarterly Financial Data (unaudited)

14. Quarterly Financial Data (unaudited)

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

Holdings

	Year ended December 31, 2012
	First			Second			Third			Fourth			Total
Net sales	$	528,151		$	486,598		$	496,231		$	628,211		$	2,139,191
Gross profit	$	163,576		$	146,460		$	147,362		$	185,993		$	643,391
Net loss	$	(16,210	)	$	(28,763	)	$	(25,658	)	$	(1,538	)	$	(72,169	)

	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	)

Guitar Center

	Year ended December 31, 2012
	First		Second			Third			Fourth		Total
Net sales	$	528,151	$	486,598		$	496,231		$	628,211	$	2,139,191
Gross profit	$	163,576	$	146,460		$	147,362		$	185,993	$	643,391
Net income (loss)	$	2,547	$	(4,817	)	$	(2,038	)	$	7,703	$	3,395

	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	)