GUARANTOR AND NON-GUARANTOR SUBSIDIARIES (Tables)

6 Months Ended

Aug. 03, 2013

GUARANTOR AND NON-GUARANTOR SUBSIDIARIES

Schedule of Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

August 3, 2013

					Guarantor		Non-Guarantor			Consolidating			Company
	Parent		Issuer		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1	$	3,010	$	5,129	$	—		$	—		$	8,140
Merchandise inventories	—		475,982		244,195		—			—			720,177
Prepaid expenses and other current assets	—		63,167		4,299		4,068			(651		)	70,883
Total current assets	1		542,159		253,623		4,068			(651		)	799,200
Property, fixtures and equipment at cost, net	—		224,502		172,615		245,916			—			643,033
Deferred income taxes	—		7,160		9,272		—			—			16,432
Intangible assets, net	—		34,944		71,853		—			—			106,797
Investment in and advances to (from) affiliates	49,705		349,448		340,140		(52		)	(739,241		)	—
Other long-term assets	—		21,871		465		1,002			—			23,338
Total assets	$	49,706	$	1,180,084	$	847,968	$	250,934		$	(739,892	)	$	1,588,800
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—	$	235,160	$	—	$	—		$	—		$	235,160
Accrued payroll and benefits	—		24,269		5,206		—			—			29,475
Accrued expenses	—		72,039		68,587		115			(651		)	140,090
Current maturities of long-term debt and obligations under capital leases	—		786		3,150		7,129			—			11,065
Deferred income taxes	—		11,135		11,426		—			—			22,561
Total current liabilities	—		343,389		88,369		7,244			(651		)	438,351
Long-term debt and obligations under capital leases, less current maturities	—		631,965		44,674		215,851			—			892,490
Other long-term liabilities	—		155,714		50,892		1,647			—			208,253
Total liabilities	—		1,131,068		183,935		224,742			(651		)	1,539,094
Shareholders’ equity	49,706		49,016		664,033		26,192			(739,241		)	49,706
Total liabilities and shareholders’ equity	$	49,706	$	1,180,084	$	847,968	$	250,934		$	(739,892	)	$	1,588,800

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 August 3, 2013

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	322,579		$	234,561		$	—		$	—		$	557,140
Other income	—			7,870			5,975			—			—			13,845
	—			330,449			240,536			—			—			570,985
Costs and expenses:
Costs of merchandise sold	—			203,918			147,090			—			—			351,008
Selling, general and administrative	—			128,433			90,224			30			(7,434		)	211,253
Depreciation and amortization	—			11,145			9,023			2,751			—			22,919
Amortization of lease-related interests	—			443			692			—			—			1,135
Impairment charges	—			131			—			—			—			131
Loss from operations	—			(13,621		)	(6,493		)	(2,781		)	7,434			(15,461		)
Other income (expense):
Intercompany income	—			470			4,769			6,723			(11,962		)	—
Equity in losses of subsidiaries	(36,925		)	(2,298		)	—			—			39,223			—
Interest expense, net	—			(17,559		)	(907		)	(3,609		)	4,528			(17,547		)
Loss on exchange/extinguishment of debt	—			(3,917		)	—			—			—			(3,917		)
(Loss) income before income taxes	(36,925		)	(36,925		)	(2,631		)	333			39,223			(36,925		)
Income tax provision	404			404			236			—			(640		)	404
Net (loss) income	$	(37,329	)	$	(37,329	)	$	(2,867	)	$	333		$	39,863		$	(37,329	)

Condensed Consolidating Statement of Operations

Thirteen Weeks Ended July 28, 2012

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	342,730		$	252,125		$	—		$	—		$	594,855
Other income	—			7,167			5,238			—			—			12,405
	—			349,897			257,363			—			—			607,260
Costs and expenses:
Costs of merchandise sold	—			220,297			160,419			—			—			380,716
Selling, general and administrative	—			132,475			93,693			27			(6,760		)	219,435
Depreciation and amortization	—			11,115			9,558			2,752			—			23,425
Amortization of lease-related interests	—			491			687			—			—			1,178
Impairment charges	—			119			—			—			—			119
Loss from operations	—			(14,600		)	(6,994		)	(2,779		)	6,760			(17,613		)
Other income (expense):
Intercompany income	—			—			37			6,723			(6,760		)	—
Equity in losses of subsidiaries	(44,620		)	(9,040		)	—			—			53,660			—
Interest expense, net	—			(14,679		)	(2,312		)	(3,715		)	—			(20,706		)
Loss on exchange/extinguishment of debt	—			(6,301		)	—			—			—			(6,301		)
(Loss) income before income taxes	(44,620		)	(44,620		)	(9,269		)	229			53,660			(44,620		)
Income tax provision	419			419			188			—			(607		)	419
Net (loss) income	$	(45,039	)	$	(45,039	)	$	(9,457	)	$	229		$	54,267		$	(45,039	)

Condensed Consolidating Statement of Operations

Twenty-Six Weeks Ended August 3, 2013

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	699,847		$	504,197		$	—		$	—		$	1,204,044
Other income	—			16,444			12,380			—			—			28,824
	—			716,291			516,577			—			—			1,232,868
Costs and expenses:
Costs of merchandise sold	—			451,395			321,201			—			—			772,596
Selling, general and administrative	—			265,896			185,440			60			(15,047		)	436,349
Depreciation and amortization	—			21,287			17,310			5,502			—			44,099
Amortization of lease-related interests	—			887			1,384			—			—			2,271
Impairment charges	—			131			—			—			—			131
Loss from operations	—			(23,305		)	(8,758		)	(5,562		)	15,047			(22,578		)
Other income (expense):
Intercompany income	—			968			9,082			13,519			(23,569		)	—
Equity in losses of subsidiaries	(63,110		)	(789		)	—			—			63,899			—
Interest expense, net	—			(35,707		)	(1,827		)	(7,243		)	8,522			(36,255		)
Loss on exchange/extinguishment of debt	—			(4,277		)	—			—			—			(4,277		)
(Loss) income before income taxes	(63,110		)	(63,110		)	(1,503		)	714			63,899			(63,110		)
Income tax provision	854			854			469			—			(1,323		)	854
Net (loss) income	$	(63,964	)	$	(63,964	)	$	(1,972	)	$	714		$	65,222		$	(63,964	)

Condensed Consolidating Statement of Operations

Twenty-Six Weeks Ended July 28, 2012

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	711,440		$	524,186		$	—		$	—		$	1,235,626
Other income	—			14,178			11,753			—			—			25,931
	—			725,618			535,939			—			—			1,261,557
Costs and expenses:
Costs of merchandise sold	—			463,935			337,997			—			—			801,932
Selling, general and administrative	—			272,827			192,107			(3,514		)	(13,745		)	447,675
Depreciation and amortization	—			21,420			18,610			5,582			—			45,612
Amortization of lease-related interests	—			984			1,377			—			—			2,361
Impairment charges	—			119			—			—			—			119
Loss from operations	—			(33,667		)	(14,152		)	(2,068		)	13,745			(36,142		)
Other income (expense):
Intercompany income	—			—			37			13,708			(13,745		)	—
Equity in losses of subsidiaries	(84,891		)	(15,652		)	—			—			100,543			—
Interest expense, net	—			(29,271		)	(4,455		)	(7,553		)	—			(41,279		)
Loss on exchange/extinguishment of debt	—			(6,301		)	—			(1,169		)	—			(7,470		)
(Loss) income before income taxes	(84,891		)	(84,891		)	(18,570		)	2,918			100,543			(84,891		)
Income tax provision	928			928			421			—			(1,349		)	928
Net (loss) income	$	(85,819	)	$	(85,819	)	$	(18,991	)	$	2,918		$	101,892		$	(85,819	)

Schedule of Condensed Consolidating Statement of Comprehensive (Loss) Income

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirteen Weeks Ended August 3, 2013

							Guarantor			Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(37,329	)	$	(37,329	)	$	(2,867	)	$	333	$	39,863		$	(37,329	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	1,551			1,551			—			—		(1,551		)	1,551
Comprehensive (loss) income	$	(35,778	)	$	(35,778	)	$	(2,867	)	$	333	$	38,312		$	(35,778	)

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirteen Weeks Ended July 28, 2012

							Guarantor			Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(45,039	)	$	(45,039	)	$	(9,457	)	$	229	$	54,267		$	(45,039	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	1,596			1,596			—			—		(1,596		)	1,596
Comprehensive (loss) income	$	(43,443	)	$	(43,443	)	$	(9,457	)	$	229	$	52,671		$	(43,443	)

Condensed Consolidating Statement of Comprehensive (Loss) Income

Twenty-Six Weeks Ended August 3, 2013

							Guarantor			Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(63,964	)	$	(63,964	)	$	(1,972	)	$	714	$	65,222		$	(63,964	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	3,102			3,102			—			—		(3,102		)	3,102
Comprehensive (loss) income	$	(60,862	)	$	(60,862	)	$	(1,972	)	$	714	$	62,120		$	(60,862	)

Condensed Consolidating Statement of Comprehensive (Loss) Income

Twenty-Six Weeks Ended July 28, 2012

							Guarantor			Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(85,819	)	$	(85,819	)	$	(18,991	)	$	2,918	$	101,892		$	(85,819	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	3,192			3,192			—			—		(3,192		)	3,192
Comprehensive (loss) income	$	(82,627	)	$	(82,627	)	$	(18,991	)	$	2,918	$	98,700		$	(82,627	)

Schedule of Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

Twenty-Six Weeks Ended August 3, 2013

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net cash provided by operating activities	$	3,078		$	32,102		$	8,170		$	6,308		$	(4,710	)	$	44,948
Cash flows from investing activities:
Capital expenditures	—			(29,433		)	(6,065		)	—			—			(35,498		)
Intercompany investing activity	(595		)	(280		)	—			—			875			—
Proceeds from sale of property, fixtures and equipment	—			1,265			1			—			—			1,266
Net cash used in investing activities	(595		)	(28,448		)	(6,064		)	—			875			(34,232		)
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations	—			(795,009		)	(1,488		)	(3,454		)	—			(799,951		)
Proceeds from issuance of long-term debt	—			800,997			—			—			—			800,997
Intercompany financing activity	—			(981		)	—			(2,854		)	3,835			—
Deferred financing costs paid	—			(8,400		)	—			—			—			(8,400		)
Cash dividends paid	(981		)	—			—			—			—			(981		)
Restricted shares forfeited in lieu of payroll taxes	(2,097		)	—			—			—			—			(2,097		)
Proceeds from stock options exercised	595			—			—			—			—			595
Decrease in book overdraft balances	—			(665		)	—			—			—			(665		)
Net cash used in financing activities	(2,483		)	(4,058		)	(1,488		)	(6,308		)	3,835			(10,502		)
Net (decrease) increase in cash and cash equivalents	—			(404		)	618			—			—			214
Cash and cash equivalents at beginning of period	1			3,414			4,511			—			—			7,926
Cash and cash equivalents at end of period	$	1		$	3,010		$	5,129		$	—		$	—		$	8,140

Condensed Consolidating Statement of Cash Flows

Twenty-Six Weeks Ended July 28, 2012

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net cash provided by operating activities	$	3,044		$	26,336		$	5,886		$	2,123		$	(3,671	)	$	33,718
Cash flows from investing activities:
Capital expenditures	—			(30,053		)	(8,864		)	—			—			(38,917		)
Intercompany investing activity	(54		)	(1,079		)	—			—			1,133			—
Proceeds from sale of property, fixtures and equipment	—			24			—			8,233			—			8,257
Net cash (used in) provided by investing activities	(54		)	(31,108		)	(8,864		)	8,233			1,133			(30,660		)
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations	—			(257,170		)	(1,373		)	(9,751		)	—			(268,294		)
Proceeds from issuance of long-term debt	—			289,528			—			—			—			289,528
Intercompany financing activity	—			(1,933		)	—			(605		)	2,538			—
Debt exchange costs paid	—			(5,508		)	—			—			—			(5,508		)
Cash dividends paid	(1,933		)	—			—			—			—			(1,933		)
Restricted shares forfeited in lieu of payroll taxes	(1,111		)	—			—			—			—			(1,111		)
Proceeds from stock options exercised	54			—			—			—			—			54
Decrease in book overdraft balances	—			(21,438		)	—			—			—			(21,438		)
Net cash (used in) provided by financing activities	(2,990		)	3,479			(1,373		)	(10,356		)	2,538			(8,702		)
Net decrease in cash and cash equivalents	—			(1,293		)	(4,351		)	—			—			(5,644		)
Cash and cash equivalents at beginning of period	1			4,695			9,576			—			—			14,272
Cash and cash equivalents at end of period	$	1		$	3,402		$	5,225		$	—		$	—		$	8,628