XML 32 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net sales $ 504,838 $ 486,598 $ 1,036,671 $ 1,014,750
Cost of goods sold, buying and occupancy 358,534 340,138 732,827 704,713
Gross profit 146,304 146,460 303,844 310,037
Selling, general and administrative expenses 136,639 133,568 277,245 271,620
Impairment of intangible assets 2,300   2,300  
Operating income 7,365 12,892 24,299 38,417
Interest expense (38,681) (41,354) (80,054) (82,545)
Interest income 5 9 20 26
Loss before income taxes (31,311) (28,453) (55,735) (44,102)
Income tax benefit (338) 310 (1,369) 871
Net loss (30,973) (28,763) (54,366) (44,973)
Other comprehensive income, net of income tax   119   173
Comprehensive loss (30,973) (28,644) (54,366) (44,800)
GUITAR CENTER, INC.
       
Net sales 504,838 486,598 1,036,671 1,014,750
Cost of goods sold, buying and occupancy 358,534 340,138 732,827 704,713
Gross profit 146,304 146,460 303,844 310,037
Selling, general and administrative expenses 136,639 133,568 277,245 271,620
Impairment of intangible assets 2,300   2,300  
Operating income 7,365 12,892 24,299 38,417
Interest expense (22,497) (21,360) (43,877) (42,558)
Interest income 5 9 20 26
Loss before income taxes (15,127) (8,459) (19,558) (4,115)
Income tax benefit (6,560) (3,642) (7,772) (1,845)
Net loss (8,567) (4,817) (11,786) (2,270)
Other comprehensive income, net of income tax   119   173
Comprehensive loss $ (8,567) $ (4,698) $ (11,786) $ (2,097)