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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities:    
Net loss $ (54,366) $ (44,973)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 43,022 44,737
Impairment of property and equipment 802  
Impairment of intangible assets 2,300  
Net (gain) loss on disposal of property and equipment (17) 4
Amortization of deferred financing fees 1,670 1,586
Non-cash interest expense   8,692
Stock-based compensation 477 508
Deferred income taxes (1,004) (735)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (930) 5,152
Merchandise inventories (35,837) (71,206)
Prepaid expenses and other current assets (6,251) (3,229)
Other assets, net (1) (89)
Accounts payable 37,616 32,917
Accrued expenses and other current liabilities (26,388) (30,809)
Merchandise advances (2,452) (1,690)
Other long-term liabilities 1,623 937
Net cash provided by (used in) operating activities (169,520) (58,198)
Investing activities:    
Purchase of property and equipment (27,262) (32,465)
Net proceeds from disposal of property and equipment 20 2,902
Acquisition of businesses (917)  
Net cash used in investing activities (28,159) (29,563)
Financing activities:    
Borrowings on asset-based revolving credit facility 208,000  
Repayment of asset-based revolving credit facility (70,000)  
Repayment of long-term debt (2,764) (322)
Financing fees (2,928) (742)
Net cash provided by (used in) financing activities 132,308 (1,103)
Net decrease in cash (65,371) (88,864)
Cash at beginning of period 74,836 106,036
Cash at end of period 9,465 17,172
Cash paid during the period for:    
Interest 211,719 80,608
Income taxes 842 1,941
Non-cash investing and financing activities:    
Assets acquired under capital lease 470  
GUITAR CENTER, INC.
   
Operating activities:    
Net loss (11,786) (2,270)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 43,022 44,737
Impairment of property and equipment 802  
Impairment of intangible assets 2,300  
Net (gain) loss on disposal of property and equipment (17) 4
Amortization of deferred financing fees 1,464 1,380
Non-cash interest expense   404
Stock-based compensation 477 508
Deferred income taxes (7,270) (3,540)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (930) 5,152
Merchandise inventories (35,837) (71,206)
Prepaid expenses and other current assets (6,251) (4,120)
Other assets, net (1) (89)
Accounts payable 37,616 32,917
Accrued expenses and other current liabilities (22,715) (21,541)
Merchandise advances (2,452) (1,690)
Other long-term liabilities 1,623 937
Net cash provided by (used in) operating activities 45 (18,417)
Investing activities:    
Purchase of property and equipment (27,262) (32,465)
Net proceeds from disposal of property and equipment 20 2,902
Acquisition of businesses (917)  
Net cash used in investing activities (28,159) (29,563)
Financing activities:    
Borrowings on asset-based revolving credit facility 208,000  
Repayment of asset-based revolving credit facility (70,000)  
Repayment of long-term debt (2,764) (322)
Financing fees (2,928) (742)
Repayment to Guitar Center Holdings, Inc. (169,565) (39,820)
Net cash provided by (used in) financing activities (37,257) (40,884)
Net decrease in cash (65,371) (88,864)
Cash at beginning of period 74,836 106,036
Cash at end of period 9,465 17,172
Cash paid during the period for:    
Interest 42,154 40,827
Income taxes 842 1,941
Non-cash investing and financing activities:    
Assets acquired under capital lease $ 470