Subsidiary Guarantors Of Senior Notes - Condensed Consolidating Financial Information (Tables)

6 Months Ended

12 Months Ended

Jul. 30, 2011

Jul. 31, 2010

Jan. 29, 2011

Subsidiary Guarantors Of Senior Notes - Condensed Consolidating Financial Information

Condensed Consolidating Statements Of (Loss) Earnings

	13 Weeks Ended July 30, 2011
	Parent			Guarantor			Non-guarantor
	Company			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	720.6		$	375.3		$	(213.5	)	$	882.4
Cost of sales		—			565.3			324.4			(215.8	)		673.9
Gross margin		—			155.3			50.9			2.3			208.5
Selling, general and administrative expenses		1.0			235.5			22.1			2.3			260.9
Impairment of goodwill		—			10.0			—			—			10.0
Operating (loss) profit		(1.0	)		(90.2	)		28.8			0.0			(62.4	)
Interest expense		12.8			6.1			0.2			(9.1	)		10.0
Interest income		—			(9.1	)		(0.1	)		9.1			(0.1	)
Equity in earnings of subsidiaries		23.6			(17.7	)		—			(5.9	)		—
(Loss) earnings before income taxes		(37.4	)		(69.5	)		28.7			5.9			(72.3	)
(Benefit) provision for income taxes		(2.4	)		(45.9	)		9.3			—			(39.0	)
Net (loss) earnings		(35.0	)		(23.6	)		19.4			5.9			(33.3	)
Net earnings attributable to noncontrolling interests		—			—			(1.7	)		—			(1.7	)
Net (loss) earnings attributable to Collective Brands, Inc.	$	(35.0	)	$	(23.6	)	$	17.7		$	5.9		$	(35.0	)

	26 Weeks Ended July 30, 2011
	Parent			Guarantor			Non-guarantor
	Company			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,493.2		$	763.9		$	(505.7	)	$	1,751.4
Cost of sales		—			1,088.0			627.2			(482.2	)		1,233.0
Gross margin		—			405.2			136.7			(23.5	)		518.4
Selling, general and administrative expenses		2.0			462.8			87.1			(23.5	)		528.4
Impairment of goodwill		—			10.0			—			—			10.0
Operating (loss) profit		(2.0	)		(67.6	)		49.6			—			(20.0	)
Interest expense		25.6			13.2			0.2			(18.1	)		20.9
Interest income		—			(18.2	)		(0.1	)		18.1			(0.2	)
Equity in earnings of subsidiaries		(11.7	)		(33.8	)		—			45.5			—
(Loss) earnings before income taxes		(15.9	)		(28.8	)		49.5			(45.5	)		(40.7	)
(Benefit) provision for income taxes		(7.3	)		(40.5	)		12.2			—			(35.6	)
Net (loss) earnings		(8.6	)		11.7			37.3			(45.5	)		(5.1	)
Net earnings attributable to noncontrolling interests		—			—			(3.5	)		—			(3.5	)
Net (loss) earnings attributable to Collective Brands, Inc.	$	(8.6	)	$	11.7		$	33.8		$	(45.5	)	$	(8.6	)

	13 Weeks Ended July 31, 2010
	Parent			Guarantor			Non-guarantor
	Company			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	730.1		$	367.2		$	(256.0	)	$	841.3
Cost of sales		—			508.9			276.4			(233.1	)		552.2
Gross margin		—			221.2			90.8			(22.9	)		289.1
Selling, general and administrative expenses		0.9			214.0			60.4			(22.9	)		252.4
Operating (loss) profit		(0.9	)		7.2			30.4			—			36.7
Interest expense		12.8			8.3			0.1			(9.0	)		12.2
Interest income		—			(9.0	)		(0.1	)		9.0			(0.1	)
Equity in earnings of subsidiaries		(30.0	)		(25.0	)		—			55.0			—
Earnings before income taxes		16.3			32.9			30.4			(55.0	)		24.6
(Benefit) provision for income taxes		(4.8	)		2.9			4.5			—			2.6
Net earnings		21.1			30.0			25.9			(55.0	)		22.0
Net earnings attributable to noncontrolling interests		—			—			(0.9	)		—			(0.9	)
Net earnings attributable to Collective Brands, Inc.	$	21.1		$	30.0		$	25.0		$	(55.0	)	$	21.1

	26 Weeks Ended July 31, 2010
	Parent			Guarantor			Non-guarantor
	Company			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,508.0		$	730.3		$	(518.2	)	$	1,720.1
Cost of sales		—			1,010.7			557.6			(474.0	)		1,094.3
Gross margin		—			497.3			172.7			(44.2	)		625.8
Selling, general and administrative expenses		1.8			431.9			118.0			(44.2	)		507.5
Operating (loss) profit		(1.8	)		65.4			54.7			—			118.3
Interest expense		19.8			17.9			0.1			(12.2	)		25.6
Interest income		—			(12.4	)		(0.1	)		12.2			(0.3	)
Loss on early extinguishment of debt		—			0.8			—			—			0.8
Equity in earnings of subsidiaries		(89.3	)		(47.7	)		—			137.0			—
Earnings before income taxes		67.7			106.8			54.7			(137.0	)		92.2
(Benefit) provision for income taxes		(7.6	)		17.5			4.3			—			14.2
Net earnings		75.3			89.3			50.4			(137.0	)		78.0
Net earnings attributable to noncontrolling interests		—			—			(2.7	)		—			(2.7	)
Net earnings attributable to Collective Brands, Inc.	$	75.3		$	89.3		$	47.7		$	(137.0	)	$	75.3

Condensed Consolidating Balance Sheet

	As of July 30, 2011
	Parent		Guarantor			Non-guarantor
	Company		Subsidiaries			Subsidiaries			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	70.3		$	164.5		$	—		$	234.8
Accounts receivable, net		—		159.3			31.6			(19.1	)		171.8
Inventories		—		457.7			132.1			(4.8	)		585.0
Current deferred income taxes		—		22.1			14.4			—			36.5
Prepaid expenses		35.6		14.4			9.8			—			59.8
Other current assets		—		355.2			147.7			(482.6	)		20.3
Total current assets		35.6		1,079.0			500.1			(506.5	)		1,108.2
Property and Equipment:
Land		—		6.0			—			—			6.0
Property, buildings and equipment		—		1,219.1			218.2			—			1,437.3
Accumulated depreciation and amortization		—		(912.2	)		(147.7	)		—			(1,059.9	)
Property and equipment, net		—		312.9			70.5			—			383.4
Intangible assets, net		—		363.4			27.3			—			390.7
Goodwill		—		133.5			136.3			—			269.8
Deferred income taxes		—		—			6.8			—			6.8
Other assets		1,558.7		971.1			21.2			(2,511.6	)		39.4
Total Assets	$	1,594.3	$	2,859.9		$	762.2		$	(3,018.1	)	$	2,198.3
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	—	$	5.1		$	—		$	—		$	5.1
Other current liabilities		137.5		591.5			241.9			(506.5	)		464.4
Total current liabilities		137.5		596.6			241.9			(506.5	)		469.5
Long-term debt		637.1		501.7			36.4			(518.2	)		657.0
Deferred income taxes		—		37.0			3.6			—			40.6
Other liabilities		3.2		166.9			16.0			—			186.1
Commitments and contingencies
Equity:
Collective Brands, Inc. shareowners' equity		816.5		1,557.7			435.7			(1,993.4	)		816.5
Noncontrolling interests		—		—			28.6			—			28.6
Total equity		816.5		1,557.7			464.3			(1,993.4	)		845.1
Total Liabilities and Equity	$	1,594.3	$	2,859.9		$	762.2		$	(3,018.1	)	$	2,198.3

	As of July 31, 2010
	Parent		Guarantor			Non-guarantor
	Company		Subsidiaries			Subsidiaries			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	161.7		$	172.2		$	—		$	333.9
Accounts receivable, net		—		122.9			21.0			(10.8	)		133.1
Inventories		—		404.0			102.9			(9.4	)		497.5
Current deferred income taxes		—		30.0			7.6			—			37.6
Prepaid expenses		18.5		28.9			11.9			—			59.3
Other current assets		—		281.4			190.3			(451.7	)		20.0
Total current assets		18.5		1,028.9			505.9			(471.9	)		1,081.4
Property and Equipment:
Land		—		6.9			—			—			6.9
Property, buildings and equipment		—		1,234.2			204.4			—			1,438.6
Accumulated depreciation and amortization		—		(864.6	)		(133.2	)		—			(997.8	)
Property and equipment, net		—		376.5			71.2			—			447.7
Intangible assets, net		—		406.0			31.0			—			437.0
Goodwill		—		142.9			136.9			—			279.8
Deferred income taxes		—		—			7.1			—			7.1
Other assets		1,468.7		958.5			2.8			(2,387.2	)		42.8
Total Assets	$	1,487.2	$	2,912.8		$	754.9		$	(2,859.1	)	$	2,295.8
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	—	$	6.1		$	1.2		$	—		$	7.3
Other current liabilities		29.9		589.2			242.2			(467.0	)		394.3
Total current liabilities		29.9		595.3			243.4			(467.0	)		401.6
Long-term debt		636.8		586.0			87.0			(548.8	)		761.0
Deferred income taxes		—		64.1			1.7			—			65.8
Other liabilities		3.1		203.7			16.1			(0.5	)		222.4
Commitments and contingencies
Equity:
Collective Brands, Inc. shareowners' equity		817.4		1,463.7			379.1			(1,842.8	)		817.4
Noncontrolling interests		—		—			27.6			—			27.6
Total equity		817.4		1,463.7			406.7			(1,842.8	)		845.0
Total Liabilities and Equity	$	1,487.2	$	2,912.8		$	754.9		$	(2,859.1	)	$	2,295.8

	As of January 29, 2011
	Parent		Guarantor			Non-guarantor
	Company		Subsidiaries			Subsidiaries			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	122.4		$	201.7		$	—		$	324.1
Accounts receivable, net		—		103.4			21.2			(10.2	)		114.4
Inventories		—		418.5			122.5			(9.3	)		531.7
Current deferred income taxes		—		23.1			7.6			—			30.7
Prepaid expenses		28.4		15.8			10.9			—			55.1
Other current assets		—		276.9			150.9			(405.6	)		22.2
Total current assets		28.4		960.1			514.8			(425.1	)		1,078.2
Property and Equipment:
Land		—		6.7			—			—			6.7
Property, buildings and equipment		—		1,233.1			211.5			—			1,444.6
Accumulated depreciation and amortization		—		(878.5	)		(140.5	)		—			(1,019.0	)
Property and equipment, net		—		361.3			71.0			—			432.3
Intangible assets, net		—		399.4			29.0			—			428.4
Goodwill		—		142.9			136.9			—			279.8
Deferred income taxes		—		—			10.1			—			10.1
Other assets		1,538.6		916.4			22.1			(2,437.4	)		39.7
Total Assets	$	1,567.0	$	2,780.1		$	783.9		$	(2,862.5	)	$	2,268.5
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt	$	—	$	5.1		$	—		$	—		$	5.1
Other current liabilities		103.8		516.4			270.0			(418.4	)		471.8
Total current liabilities		103.8		521.5			270.0			(418.4	)		476.9
Long-term debt		637.0		484.3			67.1			(529.0	)		659.4
Deferred income taxes		—		64.0			1.4			—			65.4
Other liabilities		3.3		191.9			17.2			—			212.4
Commitments and contingencies
Equity:
Collective Brands, Inc. shareowners' equity		822.9		1,518.4			396.7			(1,915.1	)		822.9
Noncontrolling interests		—		—			31.5			—			31.5
Total equity		822.9		1,518.4			428.2			(1,915.1	)		854.4
Total Liabilities and Equity	$	1,567.0	$	2,780.1		$	783.9		$	(2,862.5	)	$	2,268.5

Condensed Consolidating Statements Of Cash Flows

	26 Weeks Ended July 30, 2011
	Parent			Guarantor			Non-guarantor
	Company			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Operating Activities:
Net (loss) earnings	$	(8.6	)	$	11.7		$	37.3		$	(45.5	)	$	(5.1	)
Adjustments for non-cash items included in net earnings		0.2			110.1			13.2			—			123.5
Changes in working capital		26.5			(97.1	)		(41.0	)		(6.7	)		(118.3	)
Other, net		(1.7	)		(41.3	)		(32.1	)		52.2			(22.9	)
Cash flow provided by (used in) operating activities		16.4			(16.6	)		(22.6	)		—			(22.8	)
Investing Activities:
Capital expenditures		—			(32.9	)		(9.4	)		—			(42.3	)
Cash flow used in investing activities		—			(32.9	)		(9.4	)		—			(42.3	)
Financing Activities:
Net proceeds (repayments) of debt		—			(2.6	)		—			—			(2.6	)
Net purchases of common stock		(16.4	)		—			—			—			(16.4	)
Net distributions to noncontrolling interests		—			—			(7.0	)		—			(7.0	)
Cash flow used in financing activities		(16.4	)		(2.6	)		(7.0	)		—			(26.0	)
Effect of exchange rate changes on cash		—			—			1.8			—			1.8
(Decrease) increase in cash and cash equivalents		—			(52.1	)		(37.2	)		—			(89.3	)
Cash and cash equivalents, beginning of year		—			122.4			201.7			—			324.1
Cash and cash equivalents, end of quarter	$	—		$	70.3		$	164.5		$	—		$	234.8

	26 Weeks Ended July 31, 2010
	Parent			Guarantor			Non-guarantor
	Company			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Operating Activities:
Net earnings	$	75.3		$	89.3		$	50.4		$	(137.0	)	$	78.0
Adjustments for non-cash items included in net earnings		0.2			75.1			9.6			—			84.9
Changes in working capital		8.5			(109.4	)		18.2			0.1			(82.6	)
Other, net		(78.0	)		(53.5	)		(8.2	)		136.9			(2.8	)
Cash flow provided by operating activities		6.0			1.5			70.0			—			77.5
Investing Activities:
Capital expenditures		—			(38.3	)		(8.5	)		—			(46.8	)
Cash flow used in investing activities		—			(38.3	)		(8.5	)		—			(46.8	)
Financing Activities:
Net repayment of debt or notes payable		—			(81.3	)		—			—			(81.3	)
Net purchases of common stock		(6.0	)		—			—			—			(6.0	)
Net distributions to noncontrolling interests		—			—			(4.5	)		—			(4.5	)
Cash flow used in financing activities		(6.0	)		(81.3	)		(4.5	)		—			(91.8	)
Effect of exchange rate changes on cash		—			—			1.5			—			1.5
(Decrease) increase in cash and cash equivalents		—			(118.1	)		58.5			—			(59.6	)
Cash and cash equivalents, beginning of year		—			279.8			113.7			—			393.5
Cash and cash equivalents, end of quarter	$	—		$	161.7		$	172.2		$	—		$	333.9