Supplemental Financial Information (Tables)

12 Months Ended

Jan. 31, 2015

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

January 31, 2015

(in thousands)

							Non-
	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents and restricted cash (1)	$	3,480		$	4,009		$	21,926		$	—		$	29,415
Inventories		—			82,949			62,959			—			145,908
Prepaid expenses		547			1,820			14,982			—			17,349
Other current assets		—			19,607			7,867			—			27,474
Total current assets		4,027			108,385			107,734			—			220,146
Property and equipment:
Furniture, fixtures and equipment		4,624			160,263			83,275			—			248,162
Leasehold improvements		1,335			194,571			128,400			—			324,306
		5,959			354,834			211,675			—			572,468
Accumulated depreciation and amortization		(3,629	)		(236,760	)		(124,647	)		—			(365,036	)
		2,330			118,074			87,028			—			207,432
Leased property under capital lease:
Land and building		—			18,055			—			—			18,055
Accumulated depreciation and amortization		—			(4,514	)		—			—			(4,514	)
		—			13,541			—			—			13,541
Intercompany receivables		—			157,508			46,000			(203,508	)		—
Investment in subsidiaries		2,011,504			(46,047	)		—			(1,965,457	)		—
Goodwill		—			1,112,494			314,405			—			1,426,899
Intangible assets, net		274,000			1,391			234,971			—			510,362
Deferred financing costs, net		31,696			—			829			—			32,525
Other assets		453			4,010			41,208			1			45,672
		2,317,653			1,229,356			637,413			(2,168,964	)		2,015,458
Total assets	$	2,324,010		$	1,469,356		$	832,175		$	(2,168,964	)	$	2,456,577
LIABILITIES AND STOCKHOLDER’S EQUITY (DEFICIT)
Current liabilities:
Trade accounts payable	$	1,385		$	27,678		$	40,763		$	—		$	69,826
Income taxes payable		—			103			1,677			—			1,780
Accrued interest payable		67,765			—			25			—			67,790
Accrued expenses and other current liabilities		6,649			38,541			48,315			—			93,505
Total current liabilities		75,799			66,322			90,780			—			232,901
Intercompany payables		203,507			—			—			(203,507	)		—
Long-term debt		2,376,478			—			—			—			2,376,478
Obligation under capital lease		—			16,954			—			—			16,954
Deferred tax liability		—			102,550			10,665			—			113,215
Deferred rent expense		—			24,887			10,378			—			35,265
Unfavorable lease obligations and other long-term liabilities		—			13,454			84			—			13,538
		2,579,985			157,845			21,127			(203,507	)		2,555,450
Stockholder’s equity (deficit):
Common stock		—			367			2			(369	)		—
Additional paid in capital		619,325			1,435,909			797,656			(2,233,565	)		619,325
Accumulated other comprehensive income (loss), net of tax		(37,698	)		(4,126	)		(34,565	)		38,691			(37,698	)
Accumulated deficit		(913,401	)		(186,961	)		(42,825	)		229,786			(913,401	)
		(331,774	)		1,245,189			720,268			(1,965,457	)		(331,774	)
Total liabilities and stockholder’s equity (deficit)	$	2,324,010		$	1,469,356		$	832,175		$	(2,168,964	)	$	2,456,577

(1) Cash and cash equivalents include restricted cash of $2,029 for “Non-Guarantors”.

							Non-
	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	9,911		$	4,055		$	44,377		$	—		$	58,343
Inventories		—			100,292			78,590			—			178,882
Prepaid expenses		443			2,023			17,005			—			19,471
Other current assets		644			16,953			8,708			—			26,305
Total current assets		10,998			123,323			148,680			—			283,001
Property and equipment:
Furniture, fixtures and equipment		6,956			164,901			88,852			—			260,709
Leasehold improvements		1,471			189,407			144,980			—			335,858
		8,427			354,308			233,832			—			596,567
Accumulated depreciation and amortization		(4,625	)		(220,617	)		(122,166	)		—			(347,408	)
		3,802			133,691			111,666			—			249,159
Leased property under capital lease:
Land and building		—			18,055			—			—			18,055
Accumulated depreciation and amortization		—			(3,611	)		—			—			(3,611	)
		—			14,444			—			—			14,444
Intercompany receivables		—			158,450			—			(158,450	)		—
Investment in subsidiaries		2,199,771			(49,924	)		—			(2,149,847	)		—
Goodwill		—			1,235,651			314,405			—			1,550,056
Intangible assets, net		286,000			2,471			252,624			—			541,095
Deferred financing costs, net		39,481			—			—			—			39,481
Other assets		74			3,890			50,433			(1	)		54,396
		2,525,326			1,350,538			617,462			(2,308,298	)		2,185,028
Total assets	$	2,540,126		$	1,621,996		$	877,808		$	(2,308,298	)	$	2,731,632
LIABILITIES AND STOCKHOLDER’S EQUITY (DEFICIT)
Current liabilities:
Trade accounts payable	$	10,630		$	33,800		$	39,934		$	—		$	84,364
Income taxes payable		—			33			3,696			—			3,729
Accrued interest payable		68,338			—			—			—			68,338
Accrued expenses and other current liabilities		7,405			36,669			50,653			—			94,727
Total current liabilities		86,373			70,502			94,283			—			251,158
Intercompany payables		158,000			—			451			(158,451	)		—
Long-term debt		2,378,786			—			—			—			2,378,786
Obligation under capital lease		—			17,124			—			—			17,124
Deferred tax liability		—			106,890			12,674			—			119,564
Deferred rent expense		—			20,609			11,391			—			32,000
Unfavorable lease obligations and other long-term liabilities		—			15,812			221			—			16,033
		2,536,786			160,435			24,737			(158,451	)		2,563,507
Stockholder’s equity (deficit):
Common stock		—			367			2			(369	)		—
Additional paid in capital		619,499			1,435,909			797,836			(2,233,745	)		619,499
Accumulated other comprehensive income (loss), net of tax		(1,109	)		205			(4,779	)		4,574			(1,109	)
Accumulated deficit		(701,423	)		(45,422	)		(34,271	)		79,693			(701,423	)
		(83,033	)		1,391,059			758,788			(2,149,847	)		(83,033	)
Total liabilities and stockholder’s equity (deficit)	$	2,540,126		$	1,621,996		$	877,808		$	(2,308,298	)	$	2,731,632

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Fiscal 2014

(in thousands)

							Non-
	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
Net sales	$	—		$	821,971		$	672,280		$	—		$	1,494,251
Cost of sales, occupancy and buying expenses (exclusive of depreciation and amortization shown separately below)		752			423,502			343,205			—			767,459
Gross profit (deficit)		(752	)		398,469			329,075			—			726,792
Other expenses:
Selling, general and administrative		15,594			254,711			235,183			—			505,488
Depreciation and amortization		2,377			39,342			31,864			—			73,583
Impairment of assets		12,000			123,157			—			—			135,157
Severance and transaction-related costs		3,254			1			4,981			—			8,236
Other (income) expense		(9,171	)		1,121			918			—			(7,132	)
		24,054			418,332			272,946			—			715,332
Operating income (loss)		(24,806	)		(19,863	)		56,129			—			11,460
Loss on early debt extinguishment		—			—			—			—			—
Interest expense, net		214,604			2,204			371			—			217,179
Income (loss) before income taxes		(239,410	)		(22,067	)		55,758			—			(205,719	)
Income tax expense (benefit)		—			(3,654	)		9,913			—			6,259
Income (loss) from continuing operations		(239,410	)		(18,413			45,845			—			(211,978	)
Equity in earnings (loss) of subsidiaries		27,432			1,410			—			(28,842	)		—
Net income (loss)		(211,978	)		(17,003	)		45,845			(28,842	)		(211,978	)
Foreign currency translation adjustments		(7,400	)		(1,025	)		(461	)		1,486			(7,400	)
Net (loss) gain on intra-entity foreign currency transactions, net of tax		(29,189	)		(3,306	)		(29,325	)		32,631			(29,189	)
Other comprehensive income (loss)		(36,589	)		(4,331	)		(29,786	)		34,117			(36,589	)
Comprehensive income (loss)	$	(248,567	)	$	(21,334	)	$	16,059		$	5,275		$	(248,567	)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Fiscal 2013

(in thousands)

							Non-
	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
Net sales	$	—		$	840,186		$	672,991		$	—		$	1,513,177
Cost of sales, occupancy and buying expenses (exclusive of depreciation and amortization shown separately below)		541			415,753			337,337			—			753,631
Gross profit (deficit)		(541	)		424,433			335,654			—			759,546
Other expenses:
Selling, general and administrative		18,596			259,887			234,770			—			513,253
Depreciation and amortization		1,639			36,549			35,783			—			73,971
Severance and transaction-related costs		3,104			—			2,014			—			5,118
Other (income) expense		(10,241	)		2,527			3,146			—			(4,568	)
		13,098			298,963			275,713			—			587,774
Operating income (loss)		(13,639	)		125,470			59,941			—			171,772
Loss on early debt extinguishment		(4,795	)		—			—			—			(4,795	)
Interest expense, net		220,976			2,385			—			—			223,361
Income (loss) before income taxes		(239,410	)		123,085			59,941			—			(56,384	)
Income tax expense (benefit)		—			(987	)		9,910			—			8,923
Income (loss) from continuing operations		(239,410	)		124,072			50,031			—			(65,307	)
Equity in earnings (loss) of subsidiaries		174,103			3,823			—			(177,926	)		—
Net income (loss)		(65,307	)		127,895			50,031			(177,926	)		(65,307	)
Foreign currency translation adjustments		(940	)		(674	)		5,561			(4,887	)		(940	)
Net (loss) gain on intra-entity foreign currency transactions, net of tax		(3,442	)		(3,030	)		(3,609	)		6,639			(3,442	)
Other comprehensive income (loss)		(4,382	)		(3,704	)		1,952			1,752			(4,382	)
Comprehensive income (loss)	$	(69,689	)	$	124,191		$	51,983		$	(176,174	)	$	(69,689	)

							Non-
	Issuer			Guarantors			Guarantors		Eliminations			Consolidated
Net sales	$	—		$	897,434		$	659,586	$	—		$	1,557,020
Cost of sales, occupancy and buying expenses (exclusive of depreciation and amortization shown separately below)		2,288			424,812			328,896		—			755,996
Gross profit (deficit)		(2,288	)		472,622			330,690		—			801,024
Other expenses:
Selling, general and administrative		22,092			258,978			222,184		—			503,254
Depreciation and amortization		1,098			35,273			28,508		—			64,879
Severance and transaction-related costs		2,192			—			636		—			2,828
Other (income) expense		(10,883	)		(129	)		4,907		—			(6,105	)
		14,499			294,122			256,235		—			564,856
Operating income (loss)		(16,787	)		178,500			74,455		—			236,168
Loss on early debt extinguishment		(9,707	)		—			—		—			(9,707	)
Interest expense, net		208,081			2,199			517		—			210,797
Income (loss) before income taxes		(234,575	)		176,301			73,938		—			15,664
Income tax expense (benefit)		—			(41	)		14,423		—			14,382
Income (loss) from continuing operations		(234,575	)		176,342			59,515		—			1,282
Equity in earnings (loss) of subsidiaries		235,857			2,648			—		(238,505	)		—
Net income (loss)		1,282			178,990			59,515		(238,505	)		1,282
Foreign currency translation adjustments		1,182			(127	)		968		(841	)		1,182
Net (loss) gain on intra-entity foreign currency transactions, net of tax		4,283			361			4,081		(4,442	)		4,283
Unrealized gain on interest rate swap, net of tax		375			—			—		—			375
Reclassification adjustment of unrealized loss on termination of interest rate swap into net income		1,784			—			—		—			1,784
Other comprehensive income (loss)		7,624			234			5,049		(5,283	)		7,624
Comprehensive income (loss)	$	8,906		$	179,224		$	64,564	$	(243,788	)	$	8,906

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

Fiscal 2014

(in thousands)

							Non-
	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	(211,978	)	$	(17,003	)	$	45,845		$	(28,842	)	$	(211,978	)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in earnings of subsidiaries		(27,432	)		(1,410	)		—			28,842			—
Depreciation and amortization		2,377			39,342			31,864			—			73,583
Impairment of assets		12,000			123,157			—			—			135,157
Amortization of lease rights and other assets		—			—			3,888			—			3,888
Amortization of debt issuance costs		7,950			—			75			—			8,025
Accretion of debt premium		(2,308	)		—			—			—			(2,308	)
Net accretion of favorable (unfavorable) lease obligations		—			(478	)		(32	)		—			(510	)
Loss on sale/retirement of property and equipment, net		52			214			6			—			272
Loss on early debt extinguishment		—			—			—			—			—
Gain on sale of intangible assets/lease rights		—			—			277			—			277
Stock compensation benefit		(571	)		175			222			—			(174	)
(Increase) decrease in:
Inventories		—			17,343			5,781			—			23,124
Prepaid expenses		(105	)		203			(1,318	)		—			(1,220	)
Other assets		264			(2,655	)		(171	)		—			(2,562	)
Increase (decrease) in:
Trade accounts payable		(9,245	)		(94	)		6,107			—			(3,232	)
Income taxes payable		—			74			(2,545	)		—			(2,471	)
Accrued interest payable		(572	)		—			29			—			(543	)
Accrued expenses and other liabilities		(757	)		983			2,264			—			2,490
Deferred income taxes		—			(3,809	)		(1,378	)		—			(5,187	)
Deferred rent expense		—			4,278			161			—			4,439
Net cash (used in) provided by operating activities		(230,325	)		160,320			91,075			—			21,070
Cash flows from investing activities:
Acquisition of property and equipment, net		(956	)		(29,597	)		(17,862	)		—			(48,415	)
Acquisition of intangible assets/lease rights		—			(94	)		(475	)		—			(569	)
Proceeds from sale of intangible assets/lease rights		—			—			—			—			—
Net cash used in investing activities		(956	)		(29,691	)		(18,337	)		—			(48,984	)
Cash flows from financing activities:
Proceeds from revolving credit facilities		271,000			—			40,180			—			311,180
Payments on revolving credit facilities		(271,000	)		—			(40,180	)		—			(311,180	)
Proceeds from notes		—			—			—			—			—
Repurchases of notes, including tender premiums and fees		—			—			—			—			—
Payment of debt issuance costs		(165	)		—			(519	)		—			(684	)
Principal payments of capital lease		—			(108	)		—			—			(108	)
Intercompany activity, net		225,015			(123,728	)		(101,287	)		—			—
Net cash provided by (used in) financing activities		224,850			(123,836	)		(101,806	)		—			(792	)
Effect of foreign currency exchange rate changes on cash and cash equivalents		—			(6,839	)		4,588			—			(2,251	)
Net (decrease) increase in cash and cash equivalents		(6,431	)		(46	)		(24,480	)		—			(30,957	)
Cash and cash equivalents at beginning of period		9,911			4,055			44,377			—			58,343
Cash and cash equivalents at end of period		3,480			4,009			19,897			—			27,386
Restricted cash, at end of period		—			—			2,029			—			2,029
Cash and cash equivalents and restricted cash at end of period	$	3,480		$	4,009		$	21,926		$	—		$	29,415

							Non-
	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	(65,307	)	$	127,895		$	50,031		$	(177,926	)	$	(65,307	)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in earnings of subsidiaries		(174,103	)		(3,823	)		—			177,926			—
Depreciation and amortization		1,639			36,549			35,783			—			73,971
Amortization of lease rights and other assets		—			—			3,675			—			3,675
Amortization of debt issuance costs		8,166			—			—			—			8,166
Accretion of debt premium		(2,120	)		—			—			—			(2,120	)
Net accretion of favorable (unfavorable) lease obligations		—			(646	)		(45	)		—			(691	)
Loss on sale/retirement of property and equipment, net		—			1,363			118			—			1,481
Loss on early debt extinguishment		4,795			—			—			—			4,795
Gain on sale of intangible assets/lease rights		—			—			(172	)		—			(172	)
Stock compensation benefit		529			206			361			—			1,096
(Increase) decrease in:
Inventories		36			(12,165	)		(8,950	)		—			(21,079	)
Prepaid expenses		149			366			220			—			735
Other assets		(327	)		1,622			(4,259	)		—			(2,964	)
Increase (decrease) in:
Trade accounts payable		9,637			(192	)		(351	)		—			9,094
Income taxes payable		—			77			(6,512	)		—			(6,435	)
Accrued interest payable		83			—			—			—			83
Accrued expenses and other liabilities		(4,014	)		(4,672	)		2,094			—			(6,592	)
Deferred income taxes		—			65			(2,476	)		—			(2,411	)
Deferred rent expense		—			2,128			(606	)		—			1,522
Net cash (used in) provided by operating activities		(220,837	)		148,773			68,911			—			(3,153	)
Cash flows from investing activities:
Acquisition of property and equipment, net		(1,871	)		(57,146	)		(33,106	)		—			(92,123	)
Acquisition of construction-in-process		—			(4,115	)		—			—			(4,115	)
Acquisition of intangible assets/lease rights		—			(154	)		(2,602	)		—			(2,756	)
Proceeds from sale of intangible assets/lease rights		—			—			203			—			203
Net cash used in investing activities		(1,871	)		(61,415	)		(35,505	)		—			(98,791	)
Cash flows from financing activities:
Proceeds from revolving credit facility		137,800			—			—			—			137,800
Payments on revolving credit facility		(137,800	)		—			—			—			(137,800	)
Proceeds from notes		530,000			—			—			—			530,000
Repurchases of notes, including tender premiums and fees		(523,660	)		—			—			—			(523,660	)
Payment of debt issuance costs		(9,861	)		—			—			—			(9,861	)
Principal payments of capital lease		—			(54	)		—			—			(54	)
Intercompany activity, net		179,748			(81,211	)		(98,537	)		—			—
Net cash provided by (used in) financing activities		176,227			(81,265	)		(98,537	)		—			(3,575	)
Effect of foreign currency exchange rate changes on cash and cash equivalents		—			(6,337	)		3,243			—			(3,094	)
Net (decrease) increase in cash and cash equivalents		(46,481	)		(244	)		(61,888	)		—			(108,613	)
Cash and cash equivalents at beginning of period		56,392			4,299			106,265			—			166,956
Cash and cash equivalents at end of period	$	9,911		$	4,055		$	44,377		$	—		$	58,343

							Non-
	Issuer			Guarantors			Guarantors			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	1,282		$	178,990		$	59,515		$	(238,505	)	$	1,282
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in earnings of subsidiaries		(235,857	)		(2,648	)		—			238,505			—
Depreciation and amortization		1,098			35,273			28,508			—			64,879
Amortization of lease rights and other assets		—			—			3,279			—			3,279
Amortization of debt issuance costs		9,319			—			608			—			9,927
Accretion of debt premium		(831	)		—			—			—			(831	)
Net accretion of favorable (unfavorable) lease obligations		—			(901	)		75			—			(826	)
Loss on sale/retirement of property and equipment, net		—			91			5			—			96
Gain on early debt extinguishment		9,707			—			—			—			9,707
Gain on sale of intangible assets/lease rights		—			—			(493	)		—			(493	)
Stock compensation benefit		(737	)		(476	)		163			—			(1,050	)
(Increase) decrease in:
Inventories		(34	)		(3,519	)		(9,865	)		—			(13,418	)
Prepaid expenses		85			(860	)		1,353			—			578
Other assets		(259	)		(2,822	)		(6,752	)		—			(9,833	)
Increase (decrease) in:
Trade accounts payable		(475	)		4,496			6,496			—			10,517
Income taxes payable		—			(747	)		1,376			—			629
Accrued interest payable		36,395			—			—			—			36,395
Accrued expenses and other liabilities		(1,322	)		(1,576	)		(1,906	)		—			(4,804	)
Deferred income taxes		—			49			(245	)		—			(196	)
Deferred rent expense		—			801			56			—			857
Net cash (used in) provided by operating activities		(181,629	)		206,151			82,173			—			106,695
Cash flows from investing activities:
Acquisition of property and equipment, net		(1,818	)		(32,897	)		(33,519	)		—			(68,234	)
Acquisition of construction-in-process		—			(570	)		—			—			(570	)
Acquisition of intangible assets/lease rights		—			(173	)		(4,876	)		—			(5,049	)
Proceeds from sale of intangible assets/lease rights		—			—			1,009			—			1,009
Changes in restricted cash		4,350			—			—			—			4,350
Net cash used in investing activities		2,532			(33,640	)		(37,386	)		—			(68,494	)
Cash flows from financing activities:
Payments on former credit facility		(1,154,310	)		—			—			—			(1,154,310	)
Proceeds from notes		1,142,125			—			—			—			1,142,125
Payment of short-term debt		—			—			—			—			—
Repurchase of notes		—			—			—			—			—
Payment of debt issuance costs		(27,976	)		—			(14	)		—			(27,990	)
Principal payments of capital lease		—			(4	)		—			—			(4	)
Intercompany activity, net		172,707			(173,537	)		830			—			—
Net cash provided by (used in) financing activities		132,546			(173,541	)		816			—			(40,179	)
Effect of foreign currency exchange rate changes on cash and cash equivalents		28			421			(1,539	)		—			(1,090	)
Net (decrease) increase in cash and cash equivalents		(46,523	)		(609	)		44,064			—			(3,068	)
Cash and cash equivalents at beginning of period		102,915			4,908			62,201			—			170,024
Cash and cash equivalents at end of period	$	56,392		$	4,299		$	106,265		$	—		$	166,956