Member's capital

9 Months Ended

Oct. 29, 2011

Member’s deficit [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

5 . Member’s capital

Wayne Holdings is the direct owner of 100% of our limited liability company interests. We evaluate our cash balances on an ongoing basis and periodically distribute cash to our ultimate parent company, TRU. From time to time, a portion of our cash may also be used to tender for a portion of the outstanding Notes as permitted by the indenture governing the Notes. If holders of the Notes elect not to tender their Notes, we may, at such time, in accordance with the indenture governing the Notes, make certain restricted payments, including distributing cash to TRU.

In accordance with the indenture governing the Notes, we commenced a tender offer on May 13, 2011 to purchase up to an aggregate principal amount of approximately $25 million of the Notes for cash. The tender offer expired on June 13, 2011, with no holders opting to tender at that time. Therefore, as permitted by the indenture, we made cash distributions of dividends of approximately $25 million to TRU on June 20, 2011.

During the thirty-nine weeks ended October 29, 2011, we made cash distributions of $46 million and $4 million in dividends and return of capital, respectively, which includes the cash distributions of approximately $25 million to TRU on June 20, 2011 related to the expired tender offer. During the thirty-nine weeks ended October 30, 2010, we made cash distributions of $33 million and $17 million in dividends and return of capital, respectively.

During the thirty-nine weeks ended October 30, 2010, we recorded an approximate $6 million Adjustment to the carrying value of net assets previously acquired on the Condensed Statement of Changes in Member's Capital to correct the initial carrying value of net assets contributed to us as part of the fiscal 2005 reorganization transactions. Refer to Note 1 entitled “Basis of Presentation” for further details.