RELATED PARTY TRANSACTIONS

3 Months Ended

Apr. 30, 2016

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

8. RELATED PARTY TRANSACTIONS

Affiliates of, or funds advised by, Bain Capital Partners, LLC (“Bain Capital”) and The Blackstone Group L.P. (“The Blackstone Group”, together with Bain Capital and their applicable affiliates, the “Sponsors”) own approximately 55% of our outstanding common stock as of April 30, 2016.

The Blackstone Group owns a majority equity position in RGIS, a vendor we utilize to count our store inventory. Payments associated with this vendor during the first quarters of fiscal 2016 and fiscal 2015 were $2.0 million and $1.9 million, respectively. These expenses are included in selling, general and administrative (“SG&A”) in the consolidated statements of comprehensive income.

The Blackstone Group owns a majority equity position in Vistar, a vendor we utilize for all of the candy-type items in our stores. Payments associated with this vendor during the first quarters of fiscal 2016 and fiscal 2015 were $6.3 million and $7.2 million, respectively. These expenses are recognized in cost of sales and occupancy expense in the consolidated statements of comprehensive income as the sales are incurred.

The Blackstone Group owns an equity position in Brixmor Properties Group, Excel Trust, Inc. and Blackstone Real Estate DDR Retail Holdings III, LLC., vendors we utilize to lease certain properties. Payments associated with these vendors during the first quarters of fiscal 2016 and fiscal 2015 were $2.4 million. These expenses are included in cost of sales and occupancy expense in the consolidated statements of comprehensive income.

The Blackstone Group owns an equity position in Hilton Hotels, a vendor we utilize for hospitality services. Payments associated with this vendor during the first quarter of fiscal 2016 were $0.3 million. There were no payments associated with this vendor during the first quarter of fiscal 2015. These expenses are included in SG&A in the consolidated statements of comprehensive income.

Four of our current directors, Joshua Bekenstein, Nadim El Gabbani, Lewis S. Klessel and Peter F. Wallace, are affiliates of Bain Capital or The Blackstone Group. As such, some or all of such directors may have an indirect material interest in payments with respect to debt securities of the Company that have been purchased by affiliates of Bain Capital and The Blackstone Group. As of April 30, 2016, affiliates of The Blackstone Group held $76.2 million of our Restated Term Loan Credit Facility.