GUARANTOR AND NON-GUARANTOR SUBSIDIARIES (Tables)

12 Months Ended

Jan. 31, 2015

GUARANTOR AND NON-GUARANTOR SUBSIDIARIES

Schedule of Condensed Consolidating Balance Sheet

The Bon-Ton Stores, Inc.
Condensed Consolidating Balance Sheet
January 31, 2015

	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Eliminations			Company Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1	$	4,209	$	4,543	$	—	$	—		$	8,753
Merchandise inventories		—		483,270		251,686		—		—			734,956
Prepaid expenses and other current assets		—		74,956		14,906		3,966		(434	)		93,394
Total current assets		1		562,435		271,135		3,966		(434	)		837,103
Property, fixtures and equipment at cost, net		—		268,224		146,793		226,979		—			641,996
Deferred income taxes		—		4,889		10,892		—		—			15,781
Intangible assets, net		—		24,618		65,533		—		—			90,151
Investment in and advances to affiliates		87,647		324,668		435,870		—		(848,185	)		—
Other long-term assets		—		22,685		391		407		—			23,483
Total assets	$	87,648	$	1,207,519	$	930,614	$	231,352	$	(848,619	)	$	1,608,514
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	—	$	208,882	$	—	$	—	$	—		$	208,882
Accrued payroll and benefits		—		23,637		5,211		—		—			28,848
Accrued expenses		—		76,599		81,857		—		(434	)		158,022
Current maturities of long-term debt and obligations under capital leases		—		460		3,501		6,788		—			10,749
Deferred income taxes		—		10,081		14,397		—		—			24,478
Total current liabilities		—		319,659		104,966		6,788		(434	)		430,979
Long-term debt and obligations under capital leases, less current maturities		—		651,436		39,790		204,753		—			895,979
Other long-term liabilities		—		150,152		41,921		1,835		—			193,908
Total liabilities		—		1,121,247		186,677		213,376		(434	)		1,520,866
Shareholders' equity		87,648		86,272		743,937		17,976		(848,185	)		87,648
Total liabilities and shareholders' equity	$	87,648	$	1,207,519	$	930,614	$	231,352	$	(848,619	)	$	1,608,514

The Bon-Ton Stores, Inc.
Condensed Consolidating Balance Sheet
February 1, 2014

	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating Eliminations			Company Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1	$	2,889	$	4,168	$	—		$	—		$	7,058
Merchandise inventories		—		454,718		255,015		—			—			709,733
Prepaid expenses and other current assets		—		67,670		4,437		4,726			(548	)		76,285
Total current assets		1		525,277		263,620		4,726			(548	)		793,076
Property, fixtures and equipment at cost, net		—		232,869		166,720		240,415			—			640,004
Deferred income taxes		—		4,076		11,689		—			—			15,765
Intangible assets, net		—		33,260		69,540		—			—			102,800
Investment in and advances to (from) affiliates		127,955		344,188		387,556		(90	)		(859,609	)		—
Other long-term assets		—		24,169		533		882			—			25,584
Total assets	$	127,956	$	1,163,839	$	899,658	$	245,933		$	(860,157	)	$	1,577,229
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	—	$	200,465	$	—	$	—		$	—		$	200,465
Accrued payroll and benefits		—		22,567		5,776		—			—			28,343
Accrued expenses		—		74,115		76,981		47			(548	)		150,595
Current maturities of long-term debt and obligations under capital leases		—		548		3,249		7,363			—			11,160
Deferred income taxes		—		8,451		14,293		—			—			22,744
Total current liabilities		—		306,146		100,299		7,410			(548	)		413,307
Long-term debt and obligations under capital leases, less current maturities		—		597,857		43,291		212,201			—			853,349
Other long-term liabilities		—		132,690		48,220		1,707			—			182,617
Total liabilities		—		1,036,693		191,810		221,318			(548	)		1,449,273
Shareholders' equity		127,956		127,146		707,848		24,615			(859,609	)		127,956
Total liabilities and shareholders' equity	$	127,956	$	1,163,839	$	899,658	$	245,933		$	(860,157	)	$	1,577,229

Schedule of Condensed Consolidating Statement Of Operations

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Operations
2014

	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations			Company Consolidated
Net sales	$	—		$	1,643,073		$	1,113,164		$	—		$	—		$	2,756,237
Other income		—			39,507			27,152			—			—			66,659
		—			1,682,580			1,140,316			—			—			2,822,896
Costs and expenses:
Costs of merchandise sold		—			1,064,682			708,271			—			—			1,772,953
Selling, general and administrative		—			560,886			378,674			(2,274	)		(30,250	)		907,036
Gain on insurance recovery		—			—			(10,779	)		—			—			(10,779	)
Depreciation and amortization		—			45,476			33,696			10,946			—			90,118
Amortization of lease-related interests		—			2,117			2,425			—			—			4,542
Impairment charges		—			1,655			837			—			—			2,492
Income (loss) from operations		—			7,764			27,192			(8,672	)		30,250			56,534
Other income (expense):
Intercompany income		—			2,700			17,570			26,317			(46,587	)		—
Equity in (losses) earnings of subsidiaries		(5,355	)		45,059			—			—			(39,704	)		—
Interest expense, net		—			(60,878	)		(3,360	)		(13,835	)		16,337			(61,736	)
Loss on extinguishment of debt		—			—			—			(153	)		—			(153	)
(Loss) income before income taxes		(5,355	)		(5,355	)		41,402			3,657			(39,704	)		(5,355	)
Income tax provision		1,619			1,619			901			—			(2,520	)		1,619
Net (loss) income	$	(6,974	)	$	(6,974	)	$	40,501		$	3,657		$	(37,184	)	$	(6,974	)

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Operations
2013

	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations			Company Consolidated
Net sales	$	—		$	1,629,103		$	1,140,965		$	—		$	—		$	2,770,068
Other income		—			36,999			26,993			—			—			63,992
		—			1,666,102			1,167,958			—			—			2,834,060
Costs and expenses:
Costs of merchandise sold		—			1,048,047			720,625			—			—			1,768,672
Selling, general and administrative		—			549,064			380,885			120			(30,706	)		899,363
Depreciation and amortization		—			41,849			33,018			11,005			—			85,872
Amortization of lease-related interests		—			1,775			2,768			—			—			4,543
Impairment charges		—			2,268			3,962			—			—			6,230
Income (loss) from operations		—			23,099			26,700			(11,125	)		30,706			69,380
Other income (expense):
Intercompany income		—			2,656			19,660			26,821			(49,137	)		—
Equity in (losses) earnings of subsidiaries		(3,640	)		44,074			—			—			(40,434	)		—
Interest expense, net		—			(69,036	)		(3,596	)		(14,386	)		18,431			(68,587	)
Loss on extinguishment of debt		—			(4,433	)		—			—			—			(4,433	)
(Loss) income before income taxes		(3,640	)		(3,640	)		42,764			1,310			(40,434	)		(3,640	)
Income tax (benefit) provision		(84	)		(84	)		919			—			(835	)		(84	)
Net (loss) income	$	(3,556	)	$	(3,556	)	$	41,845		$	1,310		$	(39,599	)	$	(3,556	)

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Operations
2012

	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations			Company Consolidated
Net sales	$	—		$	1,697,211		$	1,222,200		$	—		$	—		$	2,919,411
Other income		—			33,379			26,046			—			—			59,425
		—			1,730,590			1,248,246			—			—			2,978,836
Costs and expenses:
Costs of merchandise sold		—			1,095,635			778,255			—			—			1,873,890
Selling, general and administrative		—			567,907			399,362			(3,458	)		(27,636	)		936,175
Depreciation and amortization		—			42,168			35,024			11,084			—			88,276
Amortization of lease-related interests		—			1,952			2,744			—			—			4,696
Impairment charges		—			423			5,377			—			—			5,800
Income (loss) from operations		—			22,505			27,484			(7,626	)		27,636			69,999
Other income (expense):
Intercompany rental and royalty income		—			—			120			27,516			(27,636	)		—
Equity in (losses) earnings of subsidiaries		(21,325	)		21,761			—			—			(436	)		—
Interest expense, net		—			(58,275	)		(9,377	)		(15,187	)		—			(82,839	)
Loss on exchange/extinguishment of debt		—			(7,316	)		—			(1,169	)		—			(8,485	)
(Loss) income before income taxes		(21,325	)		(21,325	)		18,227			3,534			(436	)		(21,325	)
Income tax provision		228			228			1,215			—			(1,443	)		228
Net (loss) income	$	(21,553	)	$	(21,553	)	$	17,012		$	3,534		$	1,007		$	(21,553	)

Schedule of Condensed Consolidating Statement of Comprehensive (Loss) Income

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Comprehensive (Loss) Income
2014

	Parent			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Eliminations			Company Consolidated
Net (loss) income	$	(6,974	)	$	(6,974	)	$	40,501	$	3,657	$	(37,184	)	$	(6,974	)
Other comprehensive loss, net of tax:
Pension and postretirement benefit plans		(29,957	)		(29,957	)		—		—		29,957			(29,957	)
Comprehensive (loss) income	$	(36,931	)	$	(36,931	)	$	40,501	$	3,657	$	(7,227	)	$	(36,931	)

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Comprehensive Income
2013

	Parent			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Eliminations			Company Consolidated
Net (loss) income	$	(3,556	)	$	(3,556	)	$	41,845	$	1,310	$	(39,599	)	$	(3,556	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans		22,794			22,794			—		—		(22,794	)		22,794
Comprehensive income	$	19,238		$	19,238		$	41,845	$	1,310	$	(62,393	)	$	19,238

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Comprehensive (Loss) Income
2012

	Parent			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Eliminations			Company Consolidated
Net (loss) income	$	(21,553	)	$	(21,553	)	$	17,012	$	3,534	$	1,007		$	(21,553	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans		1,114			1,114			—		—		(1,114	)		1,114
Comprehensive (loss) income	$	(20,439	)	$	(20,439	)	$	17,012	$	3,534	$	(107	)	$	(20,439	)

Schedule of Condensed Consolidating Statement of Cash Flows

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Cash Flows
2014

	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations			Company Consolidated
Net cash provided by operating activities	$	5,893		$	25,364		$	16,986		$	9,665		$	(11,279	)	$	46,629
Cash flows from investing activities:
Capital expenditures		—			(77,042	)		(13,665	)		—			—			(90,707	)
Intercompany investing activity		(22	)		(785	)		—			—			807			—
Proceeds from sale of property, fixtures and equipment		—			46			303			5,000			—			5,349
Net cash (used in) provided by investing activities		(22	)		(77,781	)		(13,362	)		5,000			807			(85,358	)
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations		—			(716,768	)		(3,249	)		(8,149	)		—			(728,166	)
Proceeds from issuance of long-term debt		—			770,259			—			—			—			770,259
Intercompany financing activity		—			(3,956	)		—			(6,516	)		10,472			—
Deferred financing costs paid		—			(69	)		—			—			—			(69	)
Cash dividends paid		(3,956	)		—			—			—			—			(3,956	)
Restricted shares forfeited in lieu of payroll taxes		(1,937	)		—			—			—			—			(1,937	)
Proceeds from stock options exercised		22			—			—			—			—			22
Increase in book overdraft balances		—			4,271			—			—			—			4,271
Net cash (used in) provided by financing activities		(5,871	)		53,737			(3,249	)		(14,665	)		10,472			40,424
Net increase in cash and cash equivalents		—			1,320			375			—			—			1,695
Cash and cash equivalents at beginning of period		1			2,889			4,168			—			—			7,058
Cash and cash equivalents at end of period	$	1		$	4,209		$	4,543		$	—		$	—		$	8,753

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Cash Flows
2013

	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations			Company Consolidated
Net cash provided by operating activities	$	5,086		$	92,921		$	19,304		$	11,898		$	(9,142	)	$	120,067
Cash flows from investing activities:
Capital expenditures		—			(60,458	)		(16,878	)		—			—			(77,336	)
Intercompany investing activity		(595	)		(567	)		—			—			1,162			—
Proceeds from sale of property, fixtures and equipment		—			1,332			3			—			—			1,335
Net cash used in investing activities		(595	)		(59,693	)		(16,875	)		—			1,162			(76,001	)
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations		—			(1,257,776	)		(2,772	)		(6,870	)		—			(1,267,418	)
Proceeds from issuance of long-term debt		—			1,229,418			—			—			—			1,229,418
Intercompany financing activity		—			(2,952	)		—			(5,028	)		7,980			—
Deferred financing costs paid		—			(11,133	)		—			—			—			(11,133	)
Cash dividends paid		(2,952	)		—			—			—			—			(2,952	)
Restricted shares forfeited in lieu of payroll taxes		(2,134	)		—			—			—			—			(2,134	)
Proceeds from stock options exercised		595			—			—			—			—			595
Increase in book overdraft balances		—			8,690			—			—			—			8,690
Net cash used in financing activities		(4,491	)		(33,753	)		(2,772	)		(11,898	)		7,980			(44,934	)
Net decrease in cash and cash equivalents		—			(525	)		(343	)		—			—			(868	)
Cash and cash equivalents at beginning of period		1			3,414			4,511			—			—			7,926
Cash and cash equivalents at end of period	$	1		$	2,889		$	4,168		$	—		$	—		$	7,058

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Cash Flows
2012

	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Eliminations			Company Consolidated
Net cash provided by operating activities	$	6,515		$	52,848		$	15,907		$	7,959		$	(9,959	)	$	73,270
Cash flows from investing activities:
Capital expenditures		—			(55,835	)		(17,935	)		—			—			(73,770	)
Intercompany investing activity		(538	)		(1,867	)		—			—			2,405			—
Proceeds from sale of property, fixtures and equipment		—			31			3			8,234			—			8,268
Net cash (used in) provided by investing activities		(538	)		(57,671	)		(17,932	)		8,234			2,405			(65,502	)
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations		—			(717,119	)		(3,040	)		(13,494	)		—			(733,653	)
Proceeds from issuance of long-term debt		—			750,401			—			—			—			750,401
Intercompany financing activity		—			(4,855	)		—			(2,699	)		7,554			—
Debt exchange costs paid		—			(6,992	)		—			—			—			(6,992	)
Deferred financing costs paid		—			(1,135	)		—			—			—			(1,135	)
Cash dividends paid		(4,855	)		—			—			—			—			(4,855	)
Restricted shares forfeited in lieu of payroll taxes		(1,660	)		—			—			—			—			(1,660	)
Proceeds from stock options exercised		538			—			—			—			—			538
Decrease in book overdraft balances		—			(16,758	)		—			—			—			(16,758	)
Net cash (used in) provided by financing activities		(5,977	)		3,542			(3,040	)		(16,193	)		7,554			(14,114	)
Net decrease in cash and cash equivalents		—			(1,281	)		(5,065	)		—			—			(6,346	)
Cash and cash equivalents at beginning of period		1			4,695			9,576			—			—			14,272
Cash and cash equivalents at end of period	$	1		$	3,414		$	4,511		$	—		$	—		$	7,926