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