CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

12 Months Ended

Jan. 30, 2016

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

Schedule of Condensed Consolidating Balance Sheet

The Bon-Ton Stores, Inc.
Condensed Consolidating Balance Sheet
January 30, 2016

	Parent		Issuer		Guarantor Subsidiaries		Consolidating Eliminations			Company Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1	$	2,822	$	4,056	$	—		$	6,879
Merchandise inventories		—		467,262		244,437		—			711,699
Prepaid expenses and other current assets		—		88,346		9,088		(180	)		97,254
Total current assets		1		558,430		257,581		(180	)		815,832
Property, fixtures and equipment at cost, net		—		319,736		315,598		—			635,334
Intangible assets, net		—		20,964		61,098		—			82,062
Investment in and advances to affiliates		34,915		437,894		382,958		(855,767	)		—
Other long-term assets		—		26,426		863		(3,311	)		23,978
Total assets	$	34,916	$	1,363,450	$	1,018,098	$	(859,258	)	$	1,557,206
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	—	$	162,831	$	—	$	—		$	162,831
Accrued payroll and benefits		—		23,154		5,373		—			28,527
Accrued expenses		—		70,386		77,172		(180	)		147,378
Current maturities of long-term debt and obligations under capital leases		—		1,395		3,999		—			5,394
Total current liabilities		—		257,766		86,544		(180	)		344,130
Long-term debt and obligations under capital leases, less current maturities		—		935,957		53,292		—			989,249
Other long-term liabilities		—		138,810		53,412		(3,311	)		188,911
Total liabilities		—		1,332,533		193,248		(3,491	)		1,522,290
Shareholders' equity		34,916		30,917		824,850		(855,767	)		34,916
Total liabilities and shareholders' equity	$	34,916	$	1,363,450	$	1,018,098	$	(859,258	)	$	1,557,206

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

	Parent		Issuer		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		18,872		(434	)		93,394
Total current assets		1		562,435		275,101		(434	)		837,103
Property, fixtures and equipment at cost, net		—		268,224		373,772		—			641,996
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		798		—			23,483
Total assets	$	87,648	$	1,202,630	$	1,151,074	$	(848,619	)	$	1,592,733
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		10,289		—			10,749
Total current liabilities		—		309,578		97,357		(434	)		406,501
Long-term debt and obligations under capital leases, less current maturities		—		651,436		244,543		—			895,979
Other long-term liabilities		—		155,344		47,261		—			202,605
Total liabilities		—		1,116,358		389,161		(434	)		1,505,085
Shareholders' equity		87,648		86,272		761,913		(848,185	)		87,648
Total liabilities and shareholders' equity	$	87,648	$	1,202,630	$	1,151,074	$	(848,619	)	$	1,592,733

Schedule of Condensed Consolidating Statement Of Operations

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Operations
2015

	Parent			Issuer			Guarantor Subsidiaries			Consolidating Eliminations			Company Consolidated
Net sales	$	—		$	1,640,912		$	1,076,779		$	—		$	2,717,691
Other income		—			43,632			28,174			—			71,806
		—			1,684,544			1,104,953			—			2,789,497
Costs and expenses:
Costs of merchandise sold		—			1,081,054			694,661			—			1,775,715
Selling, general and administrative		—			560,726			369,464			(24,538	)		905,652
Gain on insurance recovery		—			—			(1,356	)		—			(1,356	)
Depreciation and amortization		—			49,590			42,193			—			91,783
Amortization of lease-related interests		—			1,928			2,317			—			4,245
Impairment charges		—			1,794			1,838			—			3,632
(Loss) income from operations		—			(10,548	)		(4,164	)		24,538			9,826
Other income (expense):
Intercompany income		—			2,511			43,997			(46,508	)		—
Equity in (losses) earnings of subsidiaries		(58,928	)		20,635			—			38,293			—
Interest expense, net		—			(71,526	)		(12,990	)		21,970			(62,546	)
Loss on extinguishment of debt		—			—			(6,208	)		—			(6,208	)
(Loss) income before income taxes		(58,928	)		(58,928	)		20,635			38,293			(58,928	)
Income tax (benefit) provision		(1,875	)		(1,875	)		539			1,336			(1,875	)
Net (loss) income	$	(57,053	)	$	(57,053	)	$	20,096		$	36,957		$	(57,053	)

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			378,804			(2,404	)		(30,250	)		907,036
Gain on insurance recovery		—			—			(10,779	)		—			—			(10,779	)
Depreciation and amortization		—			45,476			44,581			61			—			90,118
Amortization of lease-related interests		—			2,117			2,425			—			—			4,542
Impairment charges		—			1,655			837			—			—			2,492
Income from operations		—			7,764			16,177			2,343			30,250			56,534
Other income (expense):
Intercompany income		—			2,700			43,887			—			(46,587	)		—
Equity in (losses) earnings of subsidiaries		(5,355	)		45,059			—			—			(39,704	)		—
Interest expense, net		—			(60,878	)		(17,195	)		—			16,337			(61,736	)
Loss on extinguishment of debt		—			—			—			(153	)		—			(153	)
(Loss) income before income taxes		(5,355	)		(5,355	)		42,869			2,190			(39,704	)		(5,355	)
Income tax provision		1,619			1,619			901			—			(2,520	)		1,619
Net (loss) income	$	(6,974	)	$	(6,974	)	$	41,968		$	2,190		$	(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			381,005			—			(30,706	)		899,363
Depreciation and amortization		—			41,849			43,904			119			—			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			15,694			(119	)		30,706			69,380
Other income (expense):
Intercompany income		—			2,656			45,977			504			(49,137	)		—
Equity in (losses) earnings of subsidiaries		(3,640	)		44,074			—			—			(40,434	)		—
Interest expense, net		—			(69,036	)		(17,842	)		(140	)		18,431			(68,587	)
Loss on extinguishment of debt		—			(4,433	)		—			—			—			(4,433	)
(Loss) income before income taxes		(3,640	)		(3,640	)		43,829			245			(40,434	)		(3,640	)
Income tax (benefit) provision		(84	)		(84	)		919			—			(835	)		(84	)
Net (loss) income	$	(3,556	)	$	(3,556	)	$	42,910		$	245		$	(39,599	)	$	(3,556	)

Schedule of Condensed Consolidating Statement of Comprehensive (Loss) Income

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Comprehensive (Loss) Income
2015

	Parent			Issuer			Guarantor Subsidiaries		Consolidating Eliminations			Company Consolidated
Net (loss) income	$	(57,053	)	$	(57,053	)	$	20,096	$	36,957		$	(57,053	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans		4,283			4,283			—		(4,283	)		4,283
Comprehensive (loss) income	$	(52,770	)	$	(52,770	)	$	20,096	$	32,674		$	(52,770	)

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	)	$	41,968	$	2,190	$	(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	)	$	41,968	$	2,190	$	(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	)	$	42,910	$	245	$	(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		$	42,910	$	245	$	(62,393	)	$	19,238

Schedule of Condensed Consolidating Statement of Cash Flows

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Cash Flows
2015

	Parent			Issuer			Guarantor Subsidiaries			Consolidating Eliminations			Company Consolidated
Net cash provided by (used in) operating activities	$	4,428		$	(111,827	)	$	133,997		$	(8,776	)	$	17,822
Cash flows from investing activities:
Capital expenditures		—			(59,249	)		(25,426	)		—			(84,675	)
Intercompany investing activity		(454	)		(47,136	)		—			47,590			—
Proceeds from insurance claim		—			—			1,700			—			1,700
Proceeds from sale of property, fixtures and equipment		—			17,632			67,722			—			85,354
Net cash (used in) provided by investing activities		(454	)		(88,753	)		43,996			47,590			2,379
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations		—			(693,682	)		(221,323	)		—			(915,005	)
Proceeds from issuance of long-term debt		—			908,644			—			—			908,644
Intercompany financing activity		—			(4,029	)		42,843			(38,814	)		—
Deferred financing costs paid		—			(1,505	)		—			—			(1,505	)
Cash dividends paid		(4,029	)		—			—			—			(4,029	)
Restricted shares forfeited in lieu of payroll taxes		(399	)		—			—			—			(399	)
Proceeds from stock options exercised		454			—			—			—			454
Decrease in book overdraft balances		—			(10,235	)		—			—			(10,235	)
Net cash (used in) provided by financing activities		(3,974	)		199,193			(178,480	)		(38,814	)		(22,075	)
Net decrease in cash and cash equivalents		—			(1,387	)		(487	)		—			(1,874	)
Cash and cash equivalents at beginning of period		1			4,209			4,543			—			8,753
Cash and cash equivalents at end of period	$	1		$	2,822		$	4,056		$	—		$	6,879

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 (used in) operating activities	$	5,893		$	25,364		$	30,453		$	(3,802	)	$	(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	)		(10,200	)		(1,198	)		—			(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			(16,716	)		(1,198	)		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		$	30,860		$	342		$	(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	)		(9,300	)		(342	)		—			(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	)		(14,328	)		(342	)		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