XML 26 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
item
Jun. 30, 2012
Dec. 31, 2012
Segment Information          
Number of reportable segments     3    
Financial information of reportable segments          
Net sales $ 504,838,000 $ 486,598,000 $ 1,036,671,000 $ 1,014,750,000  
Gross profit 146,304,000 146,460,000 303,844,000 310,037,000  
Selling, general and administrative expenses 136,639,000 133,568,000 277,245,000 271,620,000  
Impairment of intangible assets 2,300,000   2,300,000    
Operating income (loss) 7,365,000 12,892,000 24,299,000 38,417,000  
Depreciation and amortization 21,474,000 22,092,000 43,022,000 44,737,000  
Adjusted EBITDA 35,294,000 39,070,000 81,076,000 92,299,000  
Capital expenditures 13,143,000 20,601,000 27,262,000 32,465,000  
Total assets 1,775,941,000 1,825,567,000 1,775,941,000 1,825,567,000 1,816,558,000
Reconciliation of Adjusted EBITDA to consolidated loss before income taxes          
Adjusted EBITDA 35,294,000 39,070,000 81,076,000 92,299,000  
Depreciation and amortization expense 21,474,000 22,092,000 43,022,000 44,737,000  
Interest expense, net 38,676,000 41,345,000 80,034,000 82,519,000  
Non-cash charges (78,000) 794,000 253,000 1,690,000  
Impairment charges 3,102,000   3,102,000    
Other adjustments 3,431,000 3,292,000 10,400,000 7,455,000  
Loss before income taxes (31,311,000) (28,453,000) (55,735,000) (44,102,000)  
Loss related to payments made to a third-party freight invoice processor     3,000,000    
Restructuring charges   600,000   1,700,000  
Guitar Center
         
Financial information of reportable segments          
Net sales 504,838,000 486,598,000 1,036,671,000 1,014,750,000  
Gross profit 146,304,000 146,460,000 303,844,000 310,037,000  
Selling, general and administrative expenses 136,639,000 133,568,000 277,245,000 271,620,000  
Impairment of intangible assets 2,300,000   2,300,000    
Operating income (loss) 7,365,000 12,892,000 24,299,000 38,417,000  
Depreciation and amortization 21,474,000 22,092,000 43,022,000 44,737,000  
Adjusted EBITDA 35,294,000 39,070,000 81,076,000 92,299,000  
Capital expenditures 13,143,000 20,601,000 27,262,000 32,465,000  
Total assets 1,808,262,000 1,847,102,000 1,808,262,000 1,847,102,000 1,845,809,000
Reconciliation of Adjusted EBITDA to consolidated loss before income taxes          
Adjusted EBITDA 35,294,000 39,070,000 81,076,000 92,299,000  
Depreciation and amortization expense 21,474,000 22,092,000 43,022,000 44,737,000  
Interest expense, net 22,492,000 21,351,000 43,857,000 42,532,000  
Non-cash charges (78,000) 794,000 253,000 1,690,000  
Impairment charges 3,102,000   3,102,000    
Other adjustments 3,431,000 3,292,000 10,400,000 7,455,000  
Loss before income taxes (15,127,000) (8,459,000) (19,558,000) (4,115,000)  
Guitar Center
         
Financial information of reportable segments          
Net sales 379,135,000 365,331,000 779,633,000 759,036,000  
Gross profit 103,443,000 103,937,000 215,911,000 221,006,000  
Selling, general and administrative expenses 90,424,000 87,024,000 182,087,000 176,707,000  
Operating income (loss) 13,019,000 16,913,000 33,824,000 44,299,000  
Depreciation and amortization 14,995,000 16,095,000 30,371,000 32,739,000  
Adjusted EBITDA 29,914,000 34,124,000 67,914,000 79,795,000  
Capital expenditures 6,989,000 12,432,000 16,035,000 18,751,000  
Total assets 1,406,664,000 1,442,926,000 1,406,664,000 1,442,926,000  
Reconciliation of Adjusted EBITDA to consolidated loss before income taxes          
Adjusted EBITDA 29,914,000 34,124,000 67,914,000 79,795,000  
Depreciation and amortization expense 14,995,000 16,095,000 30,371,000 32,739,000  
Guitar Center | Guitar Center
         
Financial information of reportable segments          
Adjusted EBITDA 29,914,000 34,124,000 67,914,000 79,795,000  
Total assets 1,406,664,000 1,442,926,000 1,406,664,000 1,442,926,000  
Reconciliation of Adjusted EBITDA to consolidated loss before income taxes          
Adjusted EBITDA 29,914,000 34,124,000 67,914,000 79,795,000  
Music & Arts
         
Financial information of reportable segments          
Net sales 60,714,000 54,305,000 119,079,000 109,374,000  
Gross profit 24,765,000 22,663,000 50,899,000 47,686,000  
Selling, general and administrative expenses 20,833,000 20,321,000 40,886,000 39,487,000  
Operating income (loss) 3,932,000 2,342,000 10,013,000 8,199,000  
Depreciation and amortization 1,168,000 1,250,000 2,420,000 2,430,000  
Adjusted EBITDA 5,325,000 4,134,000 13,171,000 11,182,000  
Capital expenditures 1,987,000 2,048,000 3,494,000 2,894,000  
Total assets 135,751,000 124,163,000 135,751,000 124,163,000  
Reconciliation of Adjusted EBITDA to consolidated loss before income taxes          
Adjusted EBITDA 5,325,000 4,134,000 13,171,000 11,182,000  
Depreciation and amortization expense 1,168,000 1,250,000 2,420,000 2,430,000  
Music & Arts | Guitar Center
         
Financial information of reportable segments          
Adjusted EBITDA 5,325,000 4,134,000 13,171,000 11,182,000  
Total assets 135,751,000 124,163,000 135,751,000 124,163,000  
Reconciliation of Adjusted EBITDA to consolidated loss before income taxes          
Adjusted EBITDA 5,325,000 4,134,000 13,171,000 11,182,000  
Direct Response
         
Financial information of reportable segments          
Net sales 64,989,000 66,962,000 137,959,000 146,340,000  
Gross profit 18,096,000 19,757,000 37,034,000 41,688,000  
Selling, general and administrative expenses 18,962,000 21,250,000 41,267,000 44,176,000  
Impairment of intangible assets 2,300,000   2,300,000    
Operating income (loss) (3,166,000) (1,493,000) (6,533,000) (2,488,000)  
Depreciation and amortization 3,984,000 3,833,000 8,026,000 7,827,000  
Adjusted EBITDA 3,056,000 2,550,000 5,807,000 6,042,000  
Capital expenditures 1,167,000 2,618,000 2,097,000 4,137,000  
Total assets 153,511,000 175,188,000 153,511,000 175,188,000  
Reconciliation of Adjusted EBITDA to consolidated loss before income taxes          
Adjusted EBITDA 3,056,000 2,550,000 5,807,000 6,042,000  
Depreciation and amortization expense 3,984,000 3,833,000 8,026,000 7,827,000  
Direct Response | Guitar Center
         
Financial information of reportable segments          
Adjusted EBITDA 3,056,000 2,550,000 5,807,000 6,042,000  
Total assets 153,511,000 175,188,000 153,511,000 175,188,000  
Reconciliation of Adjusted EBITDA to consolidated loss before income taxes          
Adjusted EBITDA 3,056,000 2,550,000 5,807,000 6,042,000  
Corporate
         
Financial information of reportable segments          
Gross profit   103,000   (343,000)  
Selling, general and administrative expenses 6,420,000 4,973,000 13,005,000 11,250,000  
Operating income (loss) (6,420,000) (4,870,000) (13,005,000) (11,593,000)  
Depreciation and amortization 1,327,000 914,000 2,205,000 1,741,000  
Adjusted EBITDA (3,001,000) (1,738,000) (5,816,000) (4,720,000)  
Capital expenditures 3,000,000 3,503,000 5,636,000 6,683,000  
Total assets 80,015,000 83,290,000 80,015,000 83,290,000  
Reconciliation of Adjusted EBITDA to consolidated loss before income taxes          
Adjusted EBITDA (3,001,000) (1,738,000) (5,816,000) (4,720,000)  
Depreciation and amortization expense 1,327,000 914,000 2,205,000 1,741,000  
Corporate | Guitar Center
         
Financial information of reportable segments          
Adjusted EBITDA (3,001,000) (1,738,000) (5,816,000) (4,720,000)  
Total assets 112,336,000 104,825,000 112,336,000 104,825,000  
Reconciliation of Adjusted EBITDA to consolidated loss before income taxes          
Adjusted EBITDA $ (3,001,000) $ (1,738,000) $ (5,816,000) $ (4,720,000)