CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

12 Months Ended

Jan. 28, 2017

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

Schedule of Condensed Consolidating Balance Sheet

The Bon-Ton Stores, Inc.
Condensed Consolidating Balance Sheet
January 28, 2017

	Parent			Issuer			Guarantor Subsidiaries		Consolidating Eliminations			Company Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1		$	3,575		$	3,160	$	—		$	6,736
Merchandise inventories		—			475,816			248,638		—			724,454
Prepaid expenses and other current assets		—			94,585			4,153		(180	)		98,558
Total current assets		1			573,976			255,951		(180	)		829,748
Property, fixtures and equipment at cost, net		—			277,511			307,292		—			584,803
Intangible assets, net		—			17,715			55,396		—			73,111
Investment in and advances to affiliates		(22,782	)		414,949			446,521		(838,688	)		—
Other long-term assets		—			19,800			733		(3,132	)		17,401
Total assets	$	(22,781	)	$	1,303,951		$	1,065,893	$	(842,000	)	$	1,505,063
Liabilities and Shareholders' (Deficit) Equity
Current liabilities:
Accounts payable	$	—		$	185,900		$	—	$	—		$	185,900
Accrued payroll and benefits		—			21,405			4,416		—			25,821
Accrued expenses		—			70,988			79,633		(180	)		150,441
Current maturities of capital lease and financing obligations		—			1,995			4,690		—			6,685
Total current liabilities		—			280,288			88,739		(180	)		368,847
Long-term debt and capital lease and financing obligations, less current maturities		—			920,782			61,852		—			982,634
Other long-term liabilities		—			132,165			47,330		(3,132	)		176,363
Total liabilities		—			1,333,235			197,921		(3,312	)		1,527,844
Shareholders' (deficit) equity		(22,781	)		(29,284	)		867,972		(838,688	)		(22,781	)
Total liabilities and shareholders' (deficit) equity	$	(22,781	)	$	1,303,951		$	1,065,893	$	(842,000	)	$	1,505,063

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		—		19,846		863		(3,311	)		17,398
Total assets	$	34,916	$	1,356,870	$	1,018,098	$	(859,258	)	$	1,550,626
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 capital lease and financing obligations		—		1,395		3,999		—			5,394
Total current liabilities		—		257,766		86,544		(180	)		344,130
Long-term debt and capital lease and financing obligations, less current maturities		—		929,377		53,292		—			982,669
Other long-term liabilities		—		138,810		53,412		(3,311	)		188,911
Total liabilities		—		1,325,953		193,248		(3,491	)		1,515,710
Shareholders' equity		34,916		30,917		824,850		(855,767	)		34,916
Total liabilities and shareholders' equity	$	34,916	$	1,356,870	$	1,018,098	$	(859,258	)	$	1,550,626

Schedule of Condensed Consolidating Statement Of Operations

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Operations
2016

	Parent			Issuer			Guarantor Subsidiaries			Consolidating Eliminations			Company Consolidated
Net sales	$	—		$	1,582,141		$	1,018,451		$	—		$	2,600,592
Other income		—			45,185			28,574			—			73,759
		—			1,627,326			1,047,025			—			2,674,351
Costs and expenses:
Costs of merchandise sold		—			1,027,708			650,018			—			1,677,726
Selling, general and administrative		—			541,019			360,696			(21,087	)		880,628
Depreciation and amortization		—			51,178			41,016			—			92,194
Amortization of lease-related interests		—			1,872			2,337			—			4,209
Impairment charges		—			14,506			2,517			—			17,023
(Loss) income from operations		—			(8,957	)		(9,559	)		21,087			2,571
Other income (expense):
Intercompany income		—			2,434			57,058			(59,492	)		—
Equity in (losses) earnings of subsidiaries		(65,005	)		43,140			—			21,865			—
Interest expense, net		—			(100,870	)		(4,359	)		38,405			(66,824	)
Loss on extinguishment of debt		—			(752	)		—			—			(752	)
(Loss) income before income taxes		(65,005	)		(65,005	)		43,140			21,865			(65,005	)
Income tax (benefit) provision		(1,586	)		(1,586	)		17			1,569			(1,586	)
Net (loss) income	$	(63,419	)	$	(63,419	)	$	43,123		$	20,296		$	(63,419	)

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	)

Schedule of Condensed Consolidating Statement of Comprehensive (Loss) Income

The Bon-Ton Stores, Inc.
Condensed Consolidating Statement of Comprehensive (Loss) Income
2016

	Parent			Issuer			Guarantor Subsidiaries		Consolidating Eliminations			Company Consolidated
Net (loss) income	$	(63,419	)	$	(63,419	)	$	43,123	$	20,296		$	(63,419	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans		3,213			3,213			—		(3,213	)		3,213
Comprehensive (loss) income	$	(60,206	)	$	(60,206	)	$	43,123	$	17,083		$	(60,206	)

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	)

Schedule of Condensed Consolidating Statement of Cash Flows

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Cash Flows

2016

	Parent			Issuer			Guarantor Subsidiaries			Consolidating Eliminations		Company Consolidated
Net cash provided by operating activities	$	191		$	44,126		$	14,647		$	—	$	58,964
Cash flows from investing activities:
Capital expenditures		—			(29,802	)		(24,819	)		—		(54,621	)
Proceeds from sale of property, fixtures and equipment		—			76			25			—		101
Net cash used in investing activities		—			(29,726	)		(24,794	)		—		(54,520	)
Cash flows from financing activities:
Payments on long-term debt and capital lease and financing obligations		—			(774,047	)		(3,999	)		—		(778,046	)
Proceeds from issuance of long-term debt and financing obligations		—			763,784			13,250			—		777,034
Deferred financing costs paid		—			(5,605	)		—			—		(5,605	)
Restricted shares forfeited in lieu of payroll taxes		(191	)		—			—			—		(191	)
Increase in book overdraft balances		—			2,221			—			—		2,221
Net cash (used in) provided by financing activities		(191	)		(13,647	)		9,251			—		(4,587	)
Net increase (decrease) in cash and cash equivalents		—			753			(896	)		—		(143	)
Cash and cash equivalents at beginning of period		1			2,822			4,056			—		6,879
Cash and cash equivalents at end of period	$	1		$	3,575		$	3,160		$	—	$	6,736

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 and financing obligations		—			(693,682	)		(221,323	)		—			(915,005	)
Proceeds from issuance of long-term debt and financing obligations		—			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 and financing obligations		—			(716,768	)		(10,200	)		(1,198	)		—			(728,166	)
Proceeds from issuance of long-term debt and financing obligations		—			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