GUARANTOR AND NON-GUARANTOR SUBSIDIARIES (Tables)

9 Months Ended

Nov. 02, 2013

GUARANTOR AND NON-GUARANTOR SUBSIDIARIES

Schedule of Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

November 2, 2013

					Guarantor		Non-Guarantor			Consolidating			Company
	Parent		Issuer		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1	$	3,038	$	5,043	$	—		$	—		$	8,082
Merchandise inventories	—		590,837		323,766		—			—			914,603
Prepaid expenses and other current assets	—		83,315		4,439		3,944			(578		)	91,120
Total current assets	1		677,190		333,248		3,944			(578		)	1,013,805
Property, fixtures and equipment at cost, net	—		234,300		172,501		243,165			—			649,966
Deferred income taxes	—		6,114		10,545		—			—			16,659
Intangible assets, net	—		34,102		70,830		—			—			104,932
Investment in and advances to (from) affiliates	48,873		429,589		272,151		(52		)	(750,561		)	—
Other long-term assets	—		21,711		504		924			—			23,139
Total assets	$	48,874	$	1,403,006	$	859,779	$	247,981		$	(751,139	)	$	1,808,501
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—	$	351,281	$	—	$	—		$	—		$	351,281
Accrued payroll and benefits	—		21,115		4,254		—			—			25,369
Accrued expenses	—		92,851		68,875		76			(578		)	161,224
Current maturities of long-term debt and obligations under capital leases	—		669		3,209		7,247			—			11,125
Deferred income taxes	—		10,290		12,932		—			—			23,222
Income taxes payable	—		4		—		—			—			4
Total current liabilities	—		476,210		89,270		7,323			(578		)	572,225
Long-term debt and obligations under capital leases, less current maturities	—		723,512		43,850		214,023			—			981,385
Other long-term liabilities	—		154,633		49,707		1,677			—			206,017
Total liabilities	—		1,354,355		182,827		223,023			(578		)	1,759,627
Shareholders’ equity	48,874		48,651		676,952		24,958			(750,561		)	48,874
Total liabilities and shareholders’ equity	$	48,874	$	1,403,006	$	859,779	$	247,981		$	(751,139	)	$	1,808,501

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 November 2, 2013

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	376,348		$	274,813		$	—		$	—		$	651,161
Other income	—			8,881			6,531			—			—			15,412
	—			385,229			281,344			—			—			666,573
Costs and expenses:
Costs of merchandise sold	—			240,501			172,431			—			—			412,932
Selling, general and administrative	—			131,649			90,831			30			(7,306		)	215,204
Depreciation and amortization	—			9,913			8,484			2,752			—			21,149
Amortization of lease-related interests	—			425			692			—			—			1,117
Impairment charges	—			321			—			—			—			321
Income (loss) from operations	—			2,420			8,906			(2,782		)	7,306			15,850
Other income (expense):
Intercompany income	—			439			4,898			6,651			(11,988		)	—
Equity in (losses) earnings of subsidiaries	(662		)	13,194			—			—			(12,532		)	—
Interest expense, net	—			(16,695		)	(891		)	(3,588		)	4,682			(16,492		)
Loss on exchange/extinguishment of debt	—			(20		)	—			—			—			(20		)
(Loss) income before income taxes	(662		)	(662		)	12,913			281			(12,532		)	(662		)
Income tax provision (benefit)	269			269			(8		)	—			(261		)	269
Net (loss) income	$	(931	)	$	(931	)	$	12,921		$	281		$	(12,271	)	$	(931	)

Condensed Consolidating Statement of Operations

Thirteen Weeks Ended October 27, 2012

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	383,809		$	284,922		$	—		$	—		$	668,731
Other income	—			8,164			6,225			—			—			14,389
	—			391,973			291,147			—			—			683,120
Costs and expenses:
Costs of merchandise sold	—			246,388			177,831			—			—			424,219
Selling, general and administrative	—			135,787			95,700			28			(6,669		)	224,846
Depreciation and amortization	—			9,723			9,007			2,751			—			21,481
Amortization of lease-related interests	—			484			684			—			—			1,168
Impairment charges	—			593			—			—			—			593
(Loss) income from operations	—			(1,002		)	7,925			(2,779		)	6,669			10,813
Other income (expense):
Intercompany income	—			—			18			6,651			(6,669		)	—
Equity in (losses) earnings of subsidiaries	(9,799		)	6,132			—			—			3,667			—
Interest expense, net	—			(14,312		)	(1,987		)	(3,696		)	—			(19,995		)
Loss on exchange/extinguishment of debt	—			(617		)	—			—			—			(617		)
(Loss) income before income taxes	(9,799		)	(9,799		)	5,956			176			3,667			(9,799		)
Income tax provision	349			349			233			—			(582		)	349
Net (loss) income	$	(10,148	)	$	(10,148	)	$	5,723		$	176		$	4,249		$	(10,148	)

Condensed Consolidating Statement of Operations

Thirty-Nine Weeks Ended November 2, 2013

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,076,195		$	779,010		$	—		$	—		$	1,855,205
Other income	—			25,325			18,911			—			—			44,236
	—			1,101,520			797,921			—			—			1,899,441
Costs and expenses:
Costs of merchandise sold	—			691,896			493,632			—			—			1,185,528
Selling, general and administrative	—			397,545			276,271			90			(22,353		)	651,553
Depreciation and amortization	—			31,200			25,794			8,254			—			65,248
Amortization of lease-related interests	—			1,312			2,076			—			—			3,388
Impairment charges	—			452			—			—			—			452
(Loss) income from operations	—			(20,885		)	148			(8,344		)	22,353			(6,728		)
Other income (expense):
Intercompany income	—			1,407			13,980			20,170			(35,557		)	—
Equity in (losses) earnings of subsidiaries	(63,772		)	12,405			—			—			51,367			—
Interest expense, net	—			(52,402		)	(2,718		)	(10,831		)	13,204			(52,747		)
Loss on exchange/extinguishment of debt	—			(4,297		)	—			—			—			(4,297		)
(Loss) income before income taxes	(63,772		)	(63,772		)	11,410			995			51,367			(63,772		)
Income tax provision	1,123			1,123			461			—			(1,584		)	1,123
Net (loss) income	$	(64,895	)	$	(64,895	)	$	10,949		$	995		$	52,951		$	(64,895	)

Condensed Consolidating Statement of Operations

Thirty-Nine Weeks Ended October 27, 2012

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,095,249		$	809,108		$	—		$	—		$	1,904,357
Other income	—			22,342			17,978			—			—			40,320
	—			1,117,591			827,086			—			—			1,944,677
Costs and expenses:
Costs of merchandise sold	—			710,323			515,828			—			—			1,226,151
Selling, general and administrative	—			408,614			287,807			(3,486		)	(20,414		)	672,521
Depreciation and amortization	—			31,143			27,617			8,333			—			67,093
Amortization of lease-related interests	—			1,468			2,061			—			—			3,529
Impairment charges	—			712			—			—			—			712
Loss from operations	—			(34,669		)	(6,227		)	(4,847		)	20,414			(25,329		)
Other income (expense):
Intercompany income	—			—			55			20,359			(20,414		)	—
Equity in losses of subsidiaries	(94,690		)	(9,520		)	—			—			104,210			—
Interest expense, net	—			(43,583		)	(6,442		)	(11,249		)	—			(61,274		)
Loss on exchange/extinguishment of debt	—			(6,918		)	—			(1,169		)	—			(8,087		)
(Loss) income before income taxes	(94,690		)	(94,690		)	(12,614		)	3,094			104,210			(94,690		)
Income tax provision	1,277			1,277			654			—			(1,931		)	1,277
Net (loss) income	$	(95,967	)	$	(95,967	)	$	(13,268	)	$	3,094		$	106,141		$	(95,967	)

Schedule of Condensed Consolidating Statement of Comprehensive (Loss) Income

Condensed Consolidating Statement of Comprehensive Income

Thirteen Weeks Ended November 2, 2013

							Guarantor		Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries		Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(931	)	$	(931	)	$	12,921	$	281	$	(12,271	)	$	(931	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	1,551			1,551			—		—		(1,551		)	1,551
Comprehensive income	$	620		$	620		$	12,921	$	281	$	(13,822	)	$	620

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirteen Weeks Ended October 27, 2012

							Guarantor		Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries		Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(10,148	)	$	(10,148	)	$	5,723	$	176	$	4,249		$	(10,148	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	1,596			1,596			—		—		(1,596		)	1,596
Comprehensive (loss) income	$	(8,552	)	$	(8,552	)	$	5,723	$	176	$	2,653		$	(8,552	)

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirty-Nine Weeks Ended November 2, 2013

							Guarantor		Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries		Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(64,895	)	$	(64,895	)	$	10,949	$	995	$	52,951		$	(64,895	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	4,653			4,653			—		—		(4,653		)	4,653
Comprehensive (loss) income	$	(60,242	)	$	(60,242	)	$	10,949	$	995	$	48,298		$	(60,242	)

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirty-Nine Weeks Ended October 27, 2012

							Guarantor			Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(95,967	)	$	(95,967	)	$	(13,268	)	$	3,094	$	106,141		$	(95,967	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	4,788			4,788			—			—		(4,788		)	4,788
Comprehensive (loss) income	$	(91,179	)	$	(91,179	)	$	(13,268	)	$	3,094	$	101,353		$	(91,179	)

Schedule of Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

Thirty-Nine Weeks Ended November 2, 2013

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	4,100		$	(44,641	)	$	14,984		$	9,534		$	(7,368	)	$	(23,391	)
Cash flows from investing activities:
Capital expenditures	—			(48,580		)	(12,200		)	—			—			(60,780		)
Intercompany investing activity	(595		)	(437		)	—			—			1,032			—
Proceeds from sale of property, fixtures and equipment	—			1,272			2			—			—			1,274
Net cash used in investing activities	(595		)	(47,745		)	(12,198		)	—			1,032			(59,506		)
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations	—			(910,373		)	(2,254		)	(5,164		)	—			(917,791		)
Proceeds from issuance of long-term debt	—			1,007,791			—			—			—			1,007,791
Intercompany financing activity	—			(1,966		)	—			(4,370		)	6,336			—
Deferred financing costs paid	—			(8,712		)	—			—			—			(8,712		)
Cash dividends paid	(1,966		)	—			—			—			—			(1,966		)
Restricted shares forfeited in lieu of payroll taxes	(2,134		)	—			—			—			—			(2,134		)
Proceeds from stock options exercised	595			—			—			—			—			595
Increase in book overdraft balances	—			5,270			—			—			—			5,270
Net cash (used in) provided by financing activities	(3,505		)	92,010			(2,254		)	(9,534		)	6,336			83,053
Net (decrease) increase in cash and cash equivalents	—			(376		)	532			—			—			156
Cash and cash equivalents at beginning of period	1			3,414			4,511			—			—			7,926
Cash and cash equivalents at end of period	$	1		$	3,038		$	5,043		$	—		$	—		$	8,082

Condensed Consolidating Statement of Cash Flows

Thirty-Nine Weeks Ended October 27, 2012

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	4,564		$	(85,349	)	$	11,271		$	4,698		$	(6,757	)	$	(71,573	)
Cash flows from investing activities:
Capital expenditures	—			(43,251		)	(14,316		)	—			—			(57,567		)
Intercompany investing activity	(537		)	(1,727		)	—			—			2,264			—
Proceeds from sale of property, fixtures and equipment	—			23			1			8,234			—			8,258
Net cash (used in) provided by investing activities	(537		)	(44,955		)	(14,315		)	8,234			2,264			(49,309		)
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations	—			(393,117		)	(2,079		)	(11,343		)	—			(406,539		)
Proceeds from issuance of long-term debt	—			544,636			—			—			—			544,636
Intercompany financing activity	—			(2,904		)	—			(1,589		)	4,493			—
Debt exchange costs paid	—			(6,684		)	—			—			—			(6,684		)
Deferred financing costs paid	—			(878		)	—			—			—			(878		)
Cash dividends paid	(2,904		)	—			—			—			—			(2,904		)
Restricted shares forfeited in lieu of payroll taxes	(1,660		)	—			—			—			—			(1,660		)
Proceeds from stock options exercised	537			—			—			—			—			537
Decrease in book overdraft balances	—			(11,794		)	—			—			—			(11,794		)
Net cash (used in) provided by financing activities	(4,027		)	129,259			(2,079		)	(12,932		)	4,493			114,714
Net decrease in cash and cash equivalents	—			(1,045		)	(5,123		)	—			—			(6,168		)
Cash and cash equivalents at beginning of period	1			4,695			9,576			—			—			14,272
Cash and cash equivalents at end of period	$	1		$	3,650		$	4,453		$	—		$	—		$	8,104