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Related Party Transactions
6 Months Ended
Jul. 30, 2011
Related Party Transactions [Abstract]  
Related Party Transactions
9. Related Party Transactions
The Company paid store planning and retail design fees to a Company owned by a family member of one of the Company’s executive officers. These fees are included in “Furniture, fixtures and equipment” in the Company’s Unaudited Condensed Consolidated Balance Sheets and “Selling, general and administrative” expenses in the Company’s Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). For the three months ended July 30, 2011 and July 31, 2010, the Company paid fees of approximately $0.4 million and $0.4 million, respectively. For the six months ended July 30, 2011 and July 31, 2010, the Company paid fees of approximately $0.9 million and $0.6 million, respectively. This arrangement was approved by the Audit Committee of the Board of Directors.
The initial purchasers of the Senior Secured Second Lien Notes were Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Goldman Sachs & Co., and Morgan Joseph TriArtisan LLC. Apollo Management, LLC, an affiliate of Apollo Management VI, L.P., the Company’s controlling shareholder, has a non-controlling interest in Morgan Joseph TriArtisan LLC and its affiliates. Additionally, a member of the Company’s Board of Directors is an executive of Morgan Joseph TriArtisan Inc., an affiliate of Morgan Joseph TriArtisan LLC. In connection with the issuance of the Senior Secured Second Lien Notes, the Company paid a fee of approximately $0.3 million to Morgan Joseph TriArtisan LLC.