Balance Sheet Components (Tables)

12 Months Ended

Dec. 31, 2012

Selected balance sheet components of Holdings and Guitar Center consisted of the following (in thousands):

	December 31,
	2012		2011
Merchandise inventories:
Major goods	$	344,673	$	337,537
Band instruments	79,499		76,188
Accessories	114,412		110,740
Vintage instruments	13,948		13,635
Used major goods	18,018		15,366
	570,550		553,466
Less inventory reserves	5,591		5,506
	$	564,959	$	547,960

Schedule of property and equipment

	December 31,
	2012		2011
Property and equipment:
Land	$	20,940	$	20,940
Buildings	12,001		11,969
Furniture and fixtures	49,153		41,535
Transportation equipment	3,195		2,659
Computer equipment	164,163		139,788
Leasehold improvements	207,424		182,369
Construction in progress	7,928		4,600
	464,804		403,860
Less accumulated depreciation and amortization	250,835		194,763
	$	213,969	$	209,097

Schedule of accrued expenses and other current liabilities

Holdings

	December 31,
	2012		2011
Accrued expenses and other current liabilities:
Wages, salaries and benefits	$	27,226	$	34,973
Accrued interest	27,067		26,500
Sales tax payable	16,799		13,708
Unearned revenue	8,971		9,252
Accrued advertising	8,142		6,165
Accrued insurance	6,326		6,109
Accrued freight	5,202		3,441
Accrued fixed assets	4,918		3,819
Accrued warranty obligation	4,410		2,480
Provision for sales returns	4,218		4,319
Accrued real estate tax	2,159		2,044
Accrued professional fees	1,472		2,151
Accrued utilities	1,358		1,065
Income taxes payable	1,349		1,548
Other	12,502		11,213
	$	132,119	$	128,787

Guitar Center

	December 31,
	2012		2011
Accrued expenses and other current liabilities:
Income taxes payable	$	85,000	$	61,266
Wages, salaries and benefits	27,226		34,973
Sales tax payable	16,799		13,708
Accrued interest	10,492		9,924
Unearned revenue	8,971		9,252
Accrued advertising	8,142		6,165
Accrued insurance	6,326		6,109
Accrued freight	5,202		3,441
Accrued fixed assets	4,918		3,819
Accrued warranty obligation	4,410		2,480
Provision for sales returns	4,218		4,319
Accrued real estate tax	2,159		2,044
Accrued professional fees	1,472		2,151
Accrued utilities	1,358		1,065
Other	12,502		11,213
	$	199,195	$	171,929

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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