XML 29 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net sales $ 520,683,000 $ 496,231,000 $ 1,557,354,000 $ 1,510,980,000
Cost of goods sold, buying and occupancy 373,150,000 348,869,000 1,105,975,000 1,053,581,000
Gross profit 147,533,000 147,362,000 451,379,000 457,399,000
Selling, general and administrative expenses 146,370,000 131,378,000 423,617,000 402,998,000
Impairment of intangible assets     2,300,000  
Impairment of goodwill 360,100,000   360,100,000  
Operating income (loss) (358,937,000) 15,984,000 (334,638,000) 54,401,000
Interest expense, net of interest income of $7, $3, $27 and $30, respectively 39,264,000 41,208,000 119,298,000 123,726,000
Loss before income taxes (398,201,000) (25,224,000) (453,936,000) (69,325,000)
Income tax expense (benefit) 466,000 434,000 (903,000) 1,306,000
Net loss (398,667,000) (25,658,000) (453,033,000) (70,631,000)
Other comprehensive income, net of income tax       173,000
Comprehensive loss (398,667,000) (25,658,000) (453,033,000) (70,458,000)
GUITAR CENTER, INC.
       
Net sales 520,683,000 496,231,000 1,557,354,000 1,510,980,000
Cost of goods sold, buying and occupancy 373,150,000 348,869,000 1,105,975,000 1,053,581,000
Gross profit 147,533,000 147,362,000 451,379,000 457,399,000
Selling, general and administrative expenses 146,370,000 131,378,000 423,617,000 402,998,000
Impairment of intangible assets     2,300,000  
Impairment of goodwill 360,100,000   360,100,000  
Operating income (loss) (358,937,000) 15,984,000 (334,638,000) 54,401,000
Interest expense, net of interest income of $7, $3, $27 and $30, respectively 23,842,000 21,214,000 67,699,000 63,746,000
Loss before income taxes (382,779,000) (5,230,000) (402,337,000) (9,345,000)
Income tax expense (benefit) 16,410,000 (3,192,000) 8,638,000 (5,037,000)
Net loss (399,189,000) (2,038,000) (410,975,000) (4,308,000)
Other comprehensive income, net of income tax       173,000
Comprehensive loss $ (399,189,000) $ (2,038,000) $ (410,975,000) $ (4,135,000)