XML 64 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jan. 31, 2015
Feb. 01, 2014
Feb. 02, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME      
Merchandise sales $ 1,593,883us-gaap_SalesRevenueGoodsGross $ 1,608,697us-gaap_SalesRevenueGoodsGross $ 1,643,948us-gaap_SalesRevenueGoodsGross
Service revenue 490,720us-gaap_SalesRevenueServicesNet 457,871us-gaap_SalesRevenueServicesNet 446,782us-gaap_SalesRevenueServicesNet
Total revenues 2,084,603us-gaap_SalesRevenueNet 2,066,568us-gaap_SalesRevenueNet 2,090,730us-gaap_SalesRevenueNet
Costs of merchandise sales 1,124,755us-gaap_CostOfGoodsSold 1,108,359us-gaap_CostOfGoodsSold 1,159,994us-gaap_CostOfGoodsSold
Costs of service revenue 484,404us-gaap_CostOfServices 470,832us-gaap_CostOfServices 439,236us-gaap_CostOfServices
Total costs of revenues 1,609,159us-gaap_CostOfGoodsAndServicesSold 1,579,191us-gaap_CostOfGoodsAndServicesSold 1,599,230us-gaap_CostOfGoodsAndServicesSold
Gross profit from merchandise sales 469,128pby_GrossProfitFromMerchandiseSales 500,338pby_GrossProfitFromMerchandiseSales 483,954pby_GrossProfitFromMerchandiseSales
Gross profit (loss) from service revenue 6,316pby_GrossProfitFromServiceRevenue (12,961)pby_GrossProfitFromServiceRevenue 7,546pby_GrossProfitFromServiceRevenue
Total gross profit 475,444us-gaap_GrossProfit 487,377us-gaap_GrossProfit 491,500us-gaap_GrossProfit
Selling, general and administrative expenses 484,182us-gaap_SellingGeneralAndAdministrativeExpense 464,852us-gaap_SellingGeneralAndAdministrativeExpense 463,416us-gaap_SellingGeneralAndAdministrativeExpense
Goodwill impairment charge 23,925us-gaap_GoodwillImpairmentLoss [1]    
Pension settlement expense     17,753us-gaap_PensionExpense
Net (gain) loss from disposition of assets (13,806)us-gaap_GainLossOnDispositionOfAssets 227us-gaap_GainLossOnDispositionOfAssets (1,323)us-gaap_GainLossOnDispositionOfAssets
Operating (loss) profit (18,857)us-gaap_OperatingIncomeLoss 22,298us-gaap_OperatingIncomeLoss 11,654us-gaap_OperatingIncomeLoss
Merger termination fees, net     42,816pby_MergerTerminationFeesNet
Non-operating income 1,188us-gaap_OtherNonoperatingIncome 1,789us-gaap_OtherNonoperatingIncome 2,012us-gaap_OtherNonoperatingIncome
Interest expense (13,873)us-gaap_InterestExpense (14,797)us-gaap_InterestExpense (33,982)us-gaap_InterestExpense
(Loss) earnings from continuing operations before income taxes and discontinued operations (31,542)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 9,290us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 22,500us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax (benefit) expense (4,581)us-gaap_IncomeTaxExpenseBenefit [2] 2,237us-gaap_IncomeTaxExpenseBenefit [2] 9,345us-gaap_IncomeTaxExpenseBenefit [2]
(Loss) earnings from continuing operations before discontinued operations (26,961)us-gaap_IncomeLossFromContinuingOperations 7,053us-gaap_IncomeLossFromContinuingOperations 13,155us-gaap_IncomeLossFromContinuingOperations
Loss from discontinued operations, net of tax benefit of $179, $102 and $186 (332)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (188)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (345)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net (loss) earnings (27,293)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 6,865us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 12,810us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic (loss) earnings per share:      
(Loss) earnings from continuing operations before discontinued operations (in dollars per share) $ (0.50)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.13us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.25us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Loss from discontinued operations, net of tax (in dollars per share) $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare   $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Basic (loss) earnings per share (in dollars per share) $ (0.51)us-gaap_EarningsPerShareBasic $ 0.13us-gaap_EarningsPerShareBasic $ 0.24us-gaap_EarningsPerShareBasic
Diluted (loss) earnings per share:      
(Loss) earnings from continuing operations before discontinued operations (in dollars per share) $ (0.50)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.13us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.24us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Loss from discontinued operations, net of tax (in dollars per share) $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare    
Diluted (loss) earnings per share (in dollars per share) $ (0.51)us-gaap_EarningsPerShareDiluted $ 0.13us-gaap_EarningsPerShareDiluted $ 0.24us-gaap_EarningsPerShareDiluted
Other comprehensive (loss) income:      
Defined benefit plan adjustment, net of tax     9,696us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
Derivative financial instrument adjustment, net of tax (770)us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent 1,359us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent 6,973us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
Other comprehensive (loss) income (770)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 1,359us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 16,669us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
Total comprehensive (loss) income $ (28,063)us-gaap_ComprehensiveIncomeNetOfTax $ 8,224us-gaap_ComprehensiveIncomeNetOfTax $ 29,479us-gaap_ComprehensiveIncomeNetOfTax
[1] Cumulative charge to date of $23.9 million.
[2] Excludes tax benefit recorded to discontinued operations of $0.2 million, $0.1 million and $0.2 million in fiscal years 2014, 2013 and 2012, respectively.