GUARANTOR AND NON-GUARANTOR SUBSIDIARIES (Tables)

6 Months Ended

Aug. 02, 2014

GUARANTOR AND NON-GUARANTOR SUBSIDIARIES

Schedule of Condensed Consolidating Balance Sheet

The Bon-Ton Stores, Inc.

Condensed Consolidating Balance Sheet

August 2, 2014

					Guarantor		Non-Guarantor		Consolidating			Company
	Parent		Issuer		Subsidiaries		Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1	$	2,874	$	4,813	$	—	$	—		$	7,688
Merchandise inventories	—		480,852		242,602		—		—			723,454
Prepaid expenses and other current assets	—		64,590		5,272		2,834		(578		)	72,118
Total current assets	1		548,316		252,687		2,834		(578		)	803,260
Property, fixtures and equipment at cost, net	—		250,215		150,065		232,421		—			632,701
Deferred income taxes	—		3,144		16,240		—		—			19,384
Intangible assets, net	—		26,114		67,418		—		—			93,532
Investment in and advances to affiliates	59,588		322,324		393,082		—		(774,994		)	—
Other long-term assets	—		22,692		446		564		—			23,702
Total assets	$	59,589	$	1,172,805	$	879,938	$	235,819	$	(775,572	)	$	1,572,579
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—	$	238,077	$	—	$	—	$	—		$	238,077
Accrued payroll and benefits	—		20,434		5,013		—		—			25,447
Accrued expenses	—		73,378		69,402		74		(578		)	142,276
Current maturities of long-term debt and obligations under capital leases	—		446		3,394		7,171		—			11,011
Deferred income taxes	—		7,940		19,315		—		—			27,255
Total current liabilities	—		340,275		97,124		7,245		(578		)	444,066
Long-term debt and obligations under capital leases, less current maturities	—		649,957		41,281		207,843		—			899,081
Other long-term liabilities	—		123,485		44,587		1,771		—			169,843
Total liabilities	—		1,113,717		182,992		216,859		(578		)	1,512,990
Shareholders’ equity	59,589		59,088		696,946		18,960		(774,994		)	59,589
Total liabilities and shareholders’ equity	$	59,589	$	1,172,805	$	879,938	$	235,819	$	(775,572	)	$	1,572,579

The Bon-Ton Stores, Inc.

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

The Bon-Ton Stores, Inc.

Condensed Consolidating Balance Sheet

February 1, 2014

					Guarantor		Non-Guarantor			Consolidating			Company
	Parent		Issuer		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1	$	2,889	$	4,168	$	—		$	—		$	7,058
Merchandise inventories	—		454,718		255,015		—			—			709,733
Prepaid expenses and other current assets	—		67,670		4,437		4,726			(548		)	76,285
Total current assets	1		525,277		263,620		4,726			(548		)	793,076
Property, fixtures and equipment at cost, net	—		232,869		166,720		240,415			—			640,004
Deferred income taxes	—		4,076		11,689		—			—			15,765
Intangible assets, net	—		33,260		69,540		—			—			102,800
Investment in and advances to (from) affiliates	127,955		344,188		387,556		(90		)	(859,609		)	—
Other long-term assets	—		24,169		533		882			—			25,584
Total assets	$	127,956	$	1,163,839	$	899,658	$	245,933		$	(860,157	)	$	1,577,229
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—	$	200,465	$	—	$	—		$	—		$	200,465
Accrued payroll and benefits	—		22,567		5,776		—			—			28,343
Accrued expenses	—		74,115		76,981		47			(548		)	150,595
Current maturities of long-term debt and obligations under capital leases	—		548		3,249		7,363			—			11,160
Deferred income taxes	—		8,451		14,293		—			—			22,744
Total current liabilities	—		306,146		100,299		7,410			(548		)	413,307
Long-term debt and obligations under capital leases, less current maturities	—		597,857		43,291		212,201			—			853,349
Other long-term liabilities	—		132,690		48,220		1,707			—			182,617
Total liabilities	—		1,036,693		191,810		221,318			(548		)	1,449,273
Shareholders’ equity	127,956		127,146		707,848		24,615			(859,609		)	127,956
Total liabilities and shareholders’ equity	$	127,956	$	1,163,839	$	899,658	$	245,933		$	(860,157	)	$	1,577,229

Schedule of Condensed Consolidating Statement Of Operations

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Operations

Thirteen Weeks Ended August 2, 2014

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	331,840		$	231,612		$	—		$	—		$	563,452
Other income	—			8,678			6,007			—			—			14,685
	—			340,518			237,619			—			—			578,137
Costs and expenses:
Costs of merchandise sold	—			210,790			146,462			—			—			357,252
Selling, general and administrative	—			133,709			89,346			32			(7,280		)	215,807
Depreciation and amortization	—			12,446			8,876			2,721			—			24,043
Amortization of lease-related interests	—			552			607			—			—			1,159
Impairment charges	—			174			—			—			—			174
Loss from operations	—			(17,153		)	(7,672		)	(2,753		)	7,280			(20,298		)
Other income (expense):
Intercompany income	—			449			4,169			6,597			(11,215		)	—
Equity in losses of subsidiaries	(35,745		)	(3,986		)	—			—			39,731			—
Interest expense, net	—			(15,055		)	(849		)	(3,478		)	3,935			(15,447		)
(Loss) income before income taxes	(35,745		)	(35,745		)	(4,352		)	366			39,731			(35,745		)
Income tax provision	447			447			235			—			(682		)	447
Net (loss) income	$	(36,192	)	$	(36,192	)	$	(4,587	)	$	366		$	40,413		$	(36,192	)

The Bon-Ton Stores, Inc.

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 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	)

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Operations

Twenty-Six Weeks Ended August 2, 2014

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	692,040		$	478,872		$	—		$	—		$	1,170,912
Other income	—			17,680			12,078			—			—			29,758
	—			709,720			490,950			—			—			1,200,670
Costs and expenses:
Costs of merchandise sold	—			445,157			305,205			—			—			750,362
Selling, general and administrative	—			273,385			181,786			(2,339		)	(14,706		)	438,126
Depreciation and amortization	—			23,512			16,590			5,503			—			45,605
Amortization of lease-related interests	—			1,128			1,213			—			—			2,341
Impairment charges	—			174			—			—			—			174
Loss from operations	—			(33,636		)	(13,844		)	(3,164		)	14,706			(35,938		)
Other income (expense):
Intercompany income	—			913			9,535			13,267			(23,715		)	—
Equity in losses of subsidiaries	(66,809		)	(3,042		)	—			—			69,851			—
Interest expense, net	—			(31,044		)	(1,711		)	(6,972		)	9,009			(30,718		)
Loss on extinguishment of debt	—			—			—			(153		)	—			(153		)
(Loss) income before income taxes	(66,809		)	(66,809		)	(6,020		)	2,978			69,851			(66,809		)
Income tax provision	895			895			470			—			(1,365		)	895
Net (loss) income	$	(67,704	)	$	(67,704	)	$	(6,490	)	$	2,978		$	71,216		$	(67,704	)

The Bon-Ton Stores, Inc.

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 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	)

Schedule of Condensed Consolidating Statement of Comprehensive (Loss) Income

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirteen Weeks Ended August 2, 2014

							Guarantor			Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(36,192	)	$	(36,192	)	$	(4,587	)	$	366	$	40,413		$	(36,192	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	814			814			—			—		(814		)	814
Comprehensive (loss) income	$	(35,378	)	$	(35,378	)	$	(4,587	)	$	366	$	39,599		$	(35,378	)

The Bon-Ton Stores, Inc.

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	)

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Comprehensive (Loss) Income

Twenty-Six Weeks Ended August 2, 2014

							Guarantor			Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(67,704	)	$	(67,704	)	$	(6,490	)	$	2,978	$	71,216		$	(67,704	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	1,628			1,628			—			—		(1,628		)	1,628
Comprehensive (loss) income	$	(66,076	)	$	(66,076	)	$	(6,490	)	$	2,978	$	69,588		$	(66,076	)

The Bon-Ton Stores, Inc.

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	)

Schedule of Condensed Consolidating Statement of Cash Flows

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Cash Flows

Twenty-Six Weeks Ended August 2, 2014

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	2,452		$	(14,644	)	$	8,000		$	4,529		$	(5,992	)	$	(5,655	)
Cash flows from investing activities:
Capital expenditures	—			(32,171		)	(5,490		)	—			—			(37,661		)
Intercompany investing activity	—			(147		)	—			—			147			—
Proceeds from sale of property, fixtures and equipment	—			7			1			5,000			—			5,008
Net cash (used in) provided by investing activities	—			(32,311		)	(5,489		)	5,000			147			(32,653		)
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations	—			(275,234		)	(1,866		)	(4,675		)	—			(281,775		)
Proceeds from issuance of long-term debt	—			327,232			—			—			—			327,232
Intercompany financing activity	—			(991		)	—			(4,854		)	5,845			—
Deferred financing costs paid	—			(69		)	—			—			—			(69		)
Cash dividends paid	(991		)	—			—			—			—			(991		)
Restricted shares forfeited in lieu of payroll taxes	(1,461		)	—			—			—			—			(1,461		)
Decrease in book overdraft balances	—			(3,998		)	—			—			—			(3,998		)
Net cash (used in) provided by financing activities	(2,452		)	46,940			(1,866		)	(9,529		)	5,845			38,938
Net (decrease) increase in cash and cash equivalents	—			(15		)	645			—			—			630
Cash and cash equivalents at beginning of period	1			2,889			4,168			—			—			7,058
Cash and cash equivalents at end of period	$	1		$	2,874		$	4,813		$	—		$	—		$	7,688

The Bon-Ton Stores, Inc.

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