XML 31 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
GUARANTOR AND NON-GUARANTOR SUBSIDIARIES (Tables)
3 Months Ended
May 04, 2013
GUARANTOR AND NON-GUARANTOR SUBSIDIARIES  
Schedule of Condensed Consolidating Balance Sheet

 

Condensed Consolidating Balance Sheet

May 4, 2013

 

 

 

 

 

 

 

Guarantor

 

Non-Guarantor

 

Consolidating

 

Company

 

 

 

Parent

 

Issuer

 

Subsidiaries

 

Subsidiaries

 

Eliminations

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

1

 

$

3,207

 

$

5,809

 

$

—

 

$

—

 

$

9,017

 

Merchandise inventories

 

—

 

459,670

 

271,791

 

—

 

—

 

731,461

 

Prepaid expenses and other current assets

 

—

 

62,848

 

5,483

 

3,933

 

(651

)

71,613

 

Total current assets

 

1

 

525,725

 

283,083

 

3,933

 

(651

)

812,091

 

Property, fixtures and equipment at cost, net

 

—

 

219,160

 

174,363

 

248,667

 

—

 

642,190

 

Deferred income taxes

 

—

 

6,622

 

9,706

 

—

 

—

 

16,328

 

Intangible assets, net

 

—

 

35,805

 

72,875

 

—

 

—

 

108,680

 

Investment in and advances to (from) affiliates

 

84,792

 

378,507

 

316,549

 

(52

)

(779,796

)

—

 

Other long-term assets

 

—

 

16,352

 

472

 

1,080

 

—

 

17,904

 

Total assets

 

$

84,793

 

$

1,182,171

 

$

857,048

 

$

253,628

 

$

(780,447

)

$

1,597,193

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and Shareholders’ Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

—

 

$

184,343

 

$

—

 

$

—

 

$

—

 

$

184,343

 

Accrued payroll and benefits

 

—

 

24,908

 

4,254

 

—

 

—

 

29,162

 

Accrued expenses

 

—

 

76,951

 

73,194

 

154

 

(651

)

149,648

 

Current maturities of long-term debt and obligations under capital leases

 

—

 

884

 

3,091

 

7,014

 

—

 

10,989

 

Deferred income taxes

 

—

 

10,395

 

11,625

 

—

 

—

 

22,020

 

Income taxes payable

 

—

 

—

 

32

 

—

 

—

 

32

 

Total current liabilities

 

—

 

297,481

 

92,196

 

7,168

 

(651

)

396,194

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt and obligations under capital leases, less current maturities

 

—

 

643,942

 

45,484

 

217,649

 

—

 

907,075

 

Other long-term liabilities

 

—

 

155,045

 

52,469

 

1,617

 

—

 

209,131

 

Total liabilities

 

—

 

1,096,468

 

190,149

 

226,434

 

(651

)

1,512,400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders’ equity

 

84,793

 

85,703

 

666,899

 

27,194

 

(779,796

)

84,793

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities and shareholders’ equity

 

$

84,793

 

$

1,182,171

 

$

857,048

 

$

253,628

 

$

(780,447

)

$

1,597,193

 

 

Condensed Consolidating Balance Sheet

February 2, 2013

 

 

 

 

 

 

 

Guarantor

 

Non-Guarantor

 

Consolidating

 

Company

 

 

 

Parent

 

Issuer

 

Subsidiaries

 

Subsidiaries

 

Eliminations

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

1

 

$

3,414

 

$

4,511

 

$

—

 

$

—

 

$

7,926

 

Merchandise inventories

 

—

 

493,780

 

264,620

 

—

 

—

 

758,400

 

Prepaid expenses and other current assets

 

—

 

62,855

 

4,414

 

3,910

 

(578

)

70,601

 

Total current assets

 

1

 

560,049

 

273,545

 

3,910

 

(578

)

836,927

 

Property, fixtures and equipment at cost, net

 

—

 

221,966

 

179,437

 

251,419

 

—

 

652,822

 

Deferred income taxes

 

—

 

6,216

 

8,794

 

—

 

—

 

15,010

 

Intangible assets, net

 

—

 

36,666

 

73,897

 

—

 

—

 

110,563

 

Investment in and advances to (from) affiliates

 

110,605

 

366,851

 

328,183

 

(52

)

(805,587

)

—

 

Other long-term assets

 

—

 

17,389

 

343

 

1,155

 

—

 

18,887

 

Total assets

 

$

110,606

 

$

1,209,137

 

$

864,199

 

$

256,432

 

$

(806,165

)

$

1,634,209

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities and Shareholders’ Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

—

 

$

193,898

 

$

—

 

$

—

 

$

—

 

$

193,898

 

Accrued payroll and benefits

 

—

 

26,899

 

5,511

 

—

 

—

 

32,410

 

Accrued expenses

 

—

 

86,686

 

79,350

 

78

 

(578

)

165,536

 

Current maturities of long-term debt and obligations under capital leases

 

—

 

69,874

 

3,034

 

6,903

 

—

 

79,811

 

Deferred income taxes

 

—

 

9,777

 

10,479

 

—

 

—

 

20,256

 

Income taxes payable

 

—

 

12

 

727

 

—

 

—

 

739

 

Total current liabilities

 

—

 

387,146

 

99,101

 

6,981

 

(578

)

492,650

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt and obligations under capital leases, less current maturities

 

—

 

555,532

 

46,279

 

219,531

 

—

 

821,342

 

Other long-term liabilities

 

—

 

155,208

 

52,815

 

1,588

 

—

 

209,611

 

Total liabilities

 

—

 

1,097,886

 

198,195

 

228,100

 

(578

)

1,523,603

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders’ equity

 

110,606

 

111,251

 

666,004

 

28,332

 

(805,587

)

110,606

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities and shareholders’ equity

 

$

110,606

 

$

1,209,137

 

$

864,199

 

$

256,432

 

$

(806,165

)

$

1,634,209

 

Schedule of Condensed Consolidating Statement Of Operations

Condensed Consolidating Statement of Operations

Thirteen Weeks Ended May 4, 2013

 

 

 

 

 

 

 

Guarantor

 

Non-Guarantor

 

Consolidating

 

Company

 

 

 

Parent

 

Issuer

 

Subsidiaries

 

Subsidiaries

 

Eliminations

 

Consolidated

 

Net sales

 

$

—

 

$

377,268

 

$

269,636

 

$

—

 

$

—

 

$

646,904

 

Other income

 

—

 

8,574

 

6,405

 

—

 

—

 

14,979

 

 

 

—

 

385,842

 

276,041

 

—

 

—

 

661,883

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs of merchandise sold

 

—

 

247,477

 

174,111

 

—

 

—

 

421,588

 

Selling, general and administrative

 

—

 

137,463

 

95,216

 

30

 

(7,613

)

225,096

 

Depreciation and amortization

 

—

 

10,142

 

8,287

 

2,751

 

—

 

21,180

 

Amortization of lease-related interests

 

—

 

444

 

692

 

—

 

—

 

1,136

 

Loss from operations

 

—

 

(9,684

)

(2,265

)

(2,781

)

7,613

 

(7,117

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

Intercompany income

 

—

 

498

 

4,313

 

6,796

 

(11,607

)

—

 

Equity in (losses) income of subsidiaries

 

(26,185

)

1,509

 

—

 

—

 

24,676

 

—

 

Interest expense, net

 

—

 

(18,148

)

(920

)

(3,634

)

3,994

 

(18,708

)

Loss on extinguishment of debt

 

—

 

(360

)

—

 

—

 

—

 

(360

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) income before income taxes

 

(26,185

)

(26,185

)

1,128

 

381

 

24,676

 

(26,185

)

Income tax provision

 

450

 

450

 

233

 

—

 

(683

)

450

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(26,635

)

$

(26,635

)

$

895

 

$

381

 

$

25,359

 

$

(26,635

)

 

 

Condensed Consolidating Statement of Operations

Thirteen Weeks Ended April 28, 2012

 

 

 

 

 

 

 

Guarantor

 

Non-Guarantor

 

Consolidating

 

Company

 

 

 

Parent

 

Issuer

 

Subsidiaries

 

Subsidiaries

 

Eliminations

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

—

 

$

368,710

 

$

272,061

 

$

—

 

$

—

 

$

640,771

 

Other income

 

—

 

7,011

 

6,515

 

—

 

—

 

13,526

 

 

 

—

 

375,721

 

278,576

 

—

 

—

 

654,297

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs of merchandise sold

 

—

 

243,638

 

177,578

 

—

 

—

 

421,216

 

Selling, general and administrative

 

—

 

140,352

 

98,414

 

(3,541

)

(6,985

)

228,240

 

Depreciation and amortization

 

—

 

10,305

 

9,052

 

2,830

 

—

 

22,187

 

Amortization of lease-related interests

 

—

 

493

 

690

 

—

 

—

 

1,183

 

(Loss) income from operations

 

—

 

(19,067

)

(7,158

)

711

 

6,985

 

(18,529

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

Intercompany income

 

—

 

—

 

—

 

6,985

 

(6,985

)

—

 

Equity in losses of subsidiaries

 

(40,271

)

(6,612

)

—

 

—

 

46,883

 

—

 

Interest expense, net

 

—

 

(14,592

)

(2,143

)

(3,838

)

—

 

(20,573

)

Loss on extinguishment of debt

 

—

 

—

 

—

 

(1,169

)

—

 

(1,169

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) income before income taxes

 

(40,271

)

(40,271

)

(9,301

)

2,689

 

46,883

 

(40,271

)

Income tax provision

 

509

 

509

 

233

 

—

 

(742

)

509

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(40,780

)

$

(40,780

)

$

(9,534

)

$

2,689

 

$

47,625

 

$

(40,780

)

Schedule of Condensed Consolidating Statement of Comprehensive (Loss) Income

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirteen Weeks Ended May 4, 2013

 

 

 

 

 

 

 

Guarantor

 

Non-Guarantor

 

Consolidating

 

Company

 

 

 

Parent

 

Issuer

 

Subsidiaries

 

Subsidiaries

 

Eliminations

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(26,635

)

$

(26,635

)

$

895

 

$

381

 

$

25,359

 

$

(26,635

)

Other comprehensive income, net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and postretirement benefit plans

 

1,551

 

1,551

 

—

 

—

 

(1,551

)

1,551

 

Comprehensive (loss) income

 

$

(25,084

)

$

(25,084

)

$

895

 

$

381

 

$

23,808

 

$

(25,084

)

 

 

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirteen Weeks Ended April 28, 2012

 

 

 

 

 

 

 

Guarantor

 

Non-Guarantor

 

Consolidating

 

Company

 

 

 

Parent

 

Issuer

 

Subsidiaries

 

Subsidiaries

 

Eliminations

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(40,780

)

$

(40,780

)

$

(9,534

)

$

2,689

 

$

47,625

 

$

(40,780

)

Other comprehensive income, net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and postretirement benefit plans

 

1,596

 

1,596

 

—

 

—

 

(1,596

)

1,596

 

Comprehensive (loss) income

 

$

(39,184

)

$

(39,184

)

$

(9,534

)

$

2,689

 

$

46,029

 

$

(39,184

)

Schedule of Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

Thirteen Weeks Ended May 4, 2013

 

 

 

 

 

 

 

Guarantor

 

Non-Guarantor

 

Consolidating

 

Company

 

 

 

Parent

 

Issuer

 

Subsidiaries

 

Subsidiaries

 

Eliminations

 

Consolidated

 

Net cash provided by operating activities

 

$

2,076

 

$

3,107

 

$

3,651

 

$

3,290

 

$

(2,177

)

$

9,947

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

—

 

(11,640

)

(1,616

)

—

 

—

 

(13,256

)

Intercompany investing activity

 

(518

)

(140

)

—

 

—

 

658

 

—

 

Proceeds from sale of property, fixtures and equipment

 

—

 

2

 

—

 

—

 

—

 

2

 

Net cash used in investing activities

 

(518

)

(11,778

)

(1,616

)

—

 

658

 

(13,254

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments on long-term debt and capital lease obligations

 

—

 

(224,213

)

(737

)

(1,771

)

—

 

(226,721

)

Proceeds from issuance of long-term debt

 

—

 

243,632

 

—

 

—

 

—

 

243,632

 

Intercompany financing activity

 

—

 

—

 

—

 

(1,519

)

1,519

 

—

 

Restricted shares forfeited in lieu of payroll taxes

 

(2,076

)

—

 

—

 

—

 

—

 

(2,076

)

Proceeds from stock options exercised

 

518

 

—

 

—

 

—

 

—

 

518

 

Decrease in book overdraft balances

 

—

 

(10,955

)

—

 

—

 

—

 

(10,955

)

Net cash (used in) provided by financing activities

 

(1,558

)

8,464

 

(737

)

(3,290

)

1,519

 

4,398

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (decrease) increase in cash and cash equivalents

 

—

 

(207

)

1,298

 

—

 

—

 

1,091

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of period

 

1

 

3,414

 

4,511

 

—

 

—

 

7,926

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at end of period

 

$

1

 

$

3,207

 

$

5,809

 

$

—

 

$

—

 

$

9,017

 

 

Condensed Consolidating Statement of Cash Flows

Thirteen Weeks Ended April 28, 2012

 

 

 

 

 

 

 

Guarantor

 

Non-Guarantor

 

Consolidating

 

Company

 

 

 

Parent

 

Issuer

 

Subsidiaries

 

Subsidiaries

 

Eliminations

 

Consolidated

 

Net cash provided by (used in) operating activities

 

$

2,028

 

$

(37,850

)

$

3,421

 

$

891

 

$

(1,959

)

$

(33,469

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

—

 

(11,666

)

(2,622

)

—

 

—

 

(14,288

)

Intercompany investing activity

 

(18

)

(1

)

—

 

—

 

19

 

—

 

Proceeds from sale of property, fixtures and equipment

 

—

 

23

 

—

 

8,234

 

—

 

8,257

 

Net cash (used in) provided by investing activities

 

(18

)

(11,644

)

(2,622

)

8,234

 

19

 

(6,031

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments on long-term debt and capital lease obligations

 

—

 

(97,235

)

(680

)

(8,146

)

—

 

(106,061

)

Proceeds from issuance of long-term debt

 

—

 

161,216

 

—

 

—

 

—

 

161,216

 

Intercompany financing activity

 

—

 

(961

)

—

 

(979

)

1,940

 

—

 

Cash dividends paid

 

(961

)

—

 

—

 

—

 

—

 

(961

)

Restricted shares forfeited in lieu of payroll taxes

 

(1,067

)

—

 

—

 

—

 

—

 

(1,067

)

Proceeds from stock options exercised

 

18

 

—

 

—

 

—

 

—

 

18

 

Decrease in book overdraft balances

 

—

 

(13,622

)

—

 

—

 

—

 

(13,622

)

Net cash (used in) provided by financing activities

 

(2,010

)

49,398

 

(680

)

(9,125

)

1,940

 

39,523

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (decrease) increase in cash and cash equivalents

 

—

 

(96

)

119

 

—

 

—

 

23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of period

 

1

 

4,695

 

9,576

 

—

 

—

 

14,272

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at end of period

 

$

1

 

$

4,599

 

$

9,695

 

$

—

 

$

—

 

$

14,295