QUARTERLY RESULTS (UNAUDITED)

12 Months Ended

Feb. 02, 2013

QUARTERLY RESULTS (UNAUDITED)

QUARTERLY RESULTS (UNAUDITED)

18. QUARTERLY RESULTS (UNAUDITED)

	Quarter Ended
2012:	April 28, 2012			July 28, 2012			October 27, 2012			February 2, 2013
Net sales	$	640,771		$	594,855		$	668,731		$	1,015,054
Other income		13,526			12,405			14,389			19,105
		654,297			607,260			683,120			1,034,159
Costs and expenses:
Costs of merchandise sold		421,216			380,716			424,219			647,739
Selling, general and administrative		228,240			219,435			224,846			263,654
Depreciation and amortization		22,187			23,425			21,481			21,183
Amortization of lease-related interests		1,183			1,178			1,168			1,167
Impairment charges		—			119			593			5,088
(Loss) income from operations		(18,529	)		(17,613	)		10,813			95,328
Interest expense, net		20,573			20,706			19,995			21,565
Loss on exchange/extinguishment of debt		1,169			6,301			617			398
(Loss) income before income taxes		(40,271	)		(44,620	)		(9,799	)		73,365
Income tax provision (benefit)		509			419			349			(1,049	)
Net (loss) income	$	(40,780	)	$	(45,039	)	$	(10,148	)	$	74,414
Per Share Amounts—Basic:
Net (loss) income	$	(2.23	)	$	(2.43	)	$	(0.55	)	$	3.74
Per Share Amounts—Diluted:
Net (loss) income	$	(2.23	)	$	(2.43	)	$	(0.55	)	$	3.71

        The quarter ended July 28, 2012 includes a loss on the exchange of debt of $6,301 for fees associated with the exchange of the Company's Old Notes for New Notes (see Note 10).

        The quarter ended February 2, 2013 includes an additional week of operations in accordance with the National Retail Federation fiscal reporting calendar, resulting in a 14-week reporting period. (This compares with a reporting period of 13 weeks in 2011.) Financial results in the quarter include impairment charges of $4,338 resulting in a reduction in the carrying amount of certain store properties (see Note 3) and $750 related to the reduction in the value of three indefinite-lived private label brand names (see Note 4).

        Per share amounts are computed independently for each of the quarters presented. The sum of the quarters does not equal the total year amount due to a mixture of net loss and net income quarters, with differing application of basic and diluted common shares outstanding pursuant to the two-class method.

	Quarter Ended
2011:	April 30, 2011			July 30, 2011			October 29, 2011			January 28, 2012
Net sales	$	649,881		$	595,480		$	656,070		$	983,230
Other income		14,600			13,790			14,498			25,981
		664,481			609,270			670,568			1,009,211
Costs and expenses:
Costs of merchandise sold		419,267			373,918			410,703			643,481
Selling, general and administrative		222,039			219,786			234,856			259,379
Depreciation and amortization		24,510			26,172			23,114			21,237
Amortization of lease-related interests		1,195			1,194			1,195			1,163
Impairment charges		3			49			157			3,481
(Loss) income from operations		(2,533	)		(11,849	)		543			80,470
Interest expense, net		23,305			22,762			21,938			21,502
Loss (gain) on extinguishment of debt		9,450			—			—			(18,179	)
(Loss) income before income taxes		(35,288	)		(34,611	)		(21,395	)		77,147
Income tax provision (benefit)		700			(2,311	)		640			(1,048	)
Net (loss) income	$	(35,988	)	$	(32,300	)	$	(22,035	)	$	78,195
Per Share Amounts—Basic:
Net (loss) income	$	(2.01	)	$	(1.78	)	$	(1.21	)	$	4.00
Per Share Amounts—Diluted:
Net (loss) income	$	(2.01	)	$	(1.78	)	$	(1.21	)	$	4.00

        The quarter ended April 30, 2011 includes a loss on the extinguishment of debt of $9,450, which consisted of an early termination fee of $3,750, legal fees of $14 and accelerated deferred financing fees of $4,415 associated with the prepayment of the Term Loan Facility and accelerated deferred financing fees of $1,271 associated with the 2009 Revolving Credit Facility (see Note 10).

        The quarter ended January 28, 2012 includes other income of $6,453 associated with income from gift and merchandise card breakage (see Note 2) and a gain on the extinguishment of debt of $18,179 for the repurchase at a discount, in open market transactions, of $46,000 (principal amount) of the Company's Senior Notes (see Note 10). The quarter also includes impairment charges of $925 resulting in a reduction in the carrying amount of certain store properties (see Note 3) and $2,400 related to the reduction in the value of three indefinite-lived trade names and $156 related to the reduction in the value of one indefinite-lived private label brand name (see Note 4).

        Per share amounts are computed independently for each of the quarters presented. The sum of the quarters does not equal the total year amount due to a mixture of net loss and net income quarters, with differing application of basic and diluted common shares outstanding pursuant to the two-class method.