GUARANTOR AND NON-GUARANTOR SUBSIDIARIES (Tables)

9 Months Ended

Nov. 01, 2014

GUARANTOR AND NON-GUARANTOR SUBSIDIARIES

Schedule of Condensed Consolidating Balance Sheet

The Bon-Ton Stores, Inc.

Condensed Consolidating Balance Sheet

November 1, 2014

					Guarantor		Non-Guarantor		Consolidating			Company
	Parent		Issuer		Subsidiaries		Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1	$	2,879	$	4,636	$	—	$	—		$	7,516
Merchandise inventories	—		628,017		342,632		—		—			970,649
Prepaid expenses and other current assets	—		69,415		6,311		3,839		(506		)	79,059
Total current assets	1		700,311		353,579		3,839		(506		)	1,057,224
Property, fixtures and equipment at cost, net	—		259,079		148,437		229,701		—			637,217
Deferred income taxes	—		3,392		17,094		—		—			20,486
Intangible assets, net	—		25,365		66,526		—		—			91,891
Investment in and advances to affiliates	48,702		421,602		299,047		—		(769,351		)	—
Other long-term assets	—		22,273		403		486		—			23,162
Total assets	$	48,703	$	1,432,022	$	885,086	$	234,026	$	(769,857	)	$	1,829,980
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—	$	376,070	$	—	$	—	$	—		$	376,070
Accrued payroll and benefits	—		19,622		4,626		—		—			24,248
Accrued expenses	—		87,858		70,074		36		(506		)	157,462
Current maturities of long-term debt and obligations under capital leases	—		451		3,436		7,287		—			11,174
Deferred income taxes	—		8,382		20,402		—		—			28,784
Total current liabilities	—		492,383		98,538		7,323		(506		)	597,738
Long-term debt and obligations under capital leases, less current maturities	—		770,946		40,690		206,006		—			1,017,642
Other long-term liabilities	—		120,767		43,327		1,803		—			165,897
Total liabilities	—		1,384,096		182,555		215,132		(506		)	1,781,277
Shareholders’ equity	48,703		47,926		702,531		18,894		(769,351		)	48,703
Total liabilities and shareholders’ equity	$	48,703	$	1,432,022	$	885,086	$	234,026	$	(769,857	)	$	1,829,980

The Bon-Ton Stores, Inc.

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

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 November 1, 2014

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	378,279		$	264,456		$	—		$	—		$	642,735
Other income	—			9,457			6,565			—			—			16,022
	—			387,736			271,021			—			—			658,757
Costs and expenses:
Costs of merchandise sold	—			243,019			166,465			—			—			409,484
Selling, general and administrative	—			135,706			92,366			32			(7,203		)	220,901
Depreciation and amortization	—			11,130			8,221			2,722			—			22,073
Amortization of lease-related interests	—			495			606			—			—			1,101
Impairment charges	—			273			—			—			—			273
(Loss) income from operations	—			(2,887		)	3,363			(2,754		)	7,203			4,925
Other income (expense):
Intercompany income	—			460			3,289			6,525			(10,274		)	—
Equity in (losses) earnings of subsidiaries	(10,581		)	6,145			—			—			4,436			—
Interest expense, net	—			(14,299		)	(833		)	(3,445		)	3,071			(15,506		)
(Loss) income before income taxes	(10,581		)	(10,581		)	5,819			326			4,436			(10,581		)
Income tax provision	427			427			234			—			(661		)	427
Net (loss) income	$	(11,008	)	$	(11,008	)	$	5,585		$	326		$	5,097		$	(11,008	)

The Bon-Ton Stores, Inc.

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 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	)

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Operations

Thirty-Nine Weeks Ended November 1, 2014

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,070,319		$	743,328		$	—		$	—		$	1,813,647
Other income	—			27,137			18,643			—			—			45,780
	—			1,097,456			761,971			—			—			1,859,427
Costs and expenses:
Costs of merchandise sold	—			688,176			471,670			—			—			1,159,846
Selling, general and administrative	—			409,091			274,152			(2,307		)	(21,909		)	659,027
Depreciation and amortization	—			34,642			24,811			8,225			—			67,678
Amortization of lease-related interests	—			1,623			1,819			—			—			3,442
Impairment charges	—			447			—			—			—			447
Loss from operations	—			(36,523		)	(10,481		)	(5,918		)	21,909			(31,013		)
Other income (expense):
Intercompany income	—			1,373			12,824			19,792			(33,989		)	—
Equity in (losses) earnings of subsidiaries	(77,390		)	3,103			—			—			74,287			—
Interest expense, net	—			(45,343		)	(2,544		)	(10,417		)	12,080			(46,224		)
Loss on extinguishment of debt	—			—			—			(153		)	—			(153		)
(Loss) income before income taxes	(77,390		)	(77,390		)	(201		)	3,304			74,287			(77,390		)
Income tax provision	1,322			1,322			704			—			(2,026		)	1,322
Net (loss) income	$	(78,712	)	$	(78,712	)	$	(905	)	$	3,304		$	76,313		$	(78,712	)

The Bon-Ton Stores, Inc.

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 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	)

Schedule of Condensed Consolidating Statement of Comprehensive (Loss) Income

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirteen Weeks Ended November 1, 2014

							Guarantor		Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries		Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(11,008	)	$	(11,008	)	$	5,585	$	326	$	5,097		$	(11,008	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	814			814			—		—		(814		)	814
Comprehensive (loss) income	$	(10,194	)	$	(10,194	)	$	5,585	$	326	$	4,283		$	(10,194	)

The Bon-Ton Stores, Inc.

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

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirty-Nine Weeks Ended November 1, 2014

							Guarantor			Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(78,712	)	$	(78,712	)	$	(905	)	$	3,304	$	76,313		$	(78,712	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	2,442			2,442			—			—		(2,442		)	2,442
Comprehensive (loss) income	$	(76,270	)	$	(76,270	)	$	(905	)	$	3,304	$	73,871		$	(76,270	)

The Bon-Ton Stores, Inc.

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	)

Schedule of Condensed Consolidating Statement of Cash Flows

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Cash Flows

Thirty-Nine Weeks Ended November 1, 2014

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	3,918		$	(122,314	)	$	12,423		$	6,644		$	(7,867	)	$	(107,196	)
Cash flows from investing activities:
Capital expenditures	—			(54,132		)	(9,829		)	—			—			(63,961		)
Intercompany investing activity	(22		)	(618		)	—			—			640			—
Proceeds from sale of property, fixtures and equipment	—			9			288			5,000			—			5,297
Net cash (used in) provided by investing activities	(22		)	(54,741		)	(9,541		)	5,000			640			(58,664		)
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations	—			(402,239		)	(2,414		)	(6,398		)	—			(411,051		)
Proceeds from issuance of long-term debt	—			575,231			—			—			—			575,231
Intercompany financing activity	—			(1,981		)	—			(5,246		)	7,227			—
Deferred financing costs paid	—			(69		)	—			—			—			(69		)
Cash dividends paid	(1,981		)	—			—			—			—			(1,981		)
Restricted shares forfeited in lieu of payroll taxes	(1,937		)	—			—			—			—			(1,937		)
Proceeds from stock options exercised	22			—			—			—			—			22
Increase in book overdraft balances	—			6,103			—			—			—			6,103
Net cash (used in) provided by financing activities	(3,896		)	177,045			(2,414		)	(11,644		)	7,227			166,318
Net (decrease) increase in cash and cash equivalents	—			(10		)	468			—			—			458
Cash and cash equivalents at beginning of period	1			2,889			4,168			—			—			7,058
Cash and cash equivalents at end of period	$	1		$	2,879		$	4,636		$	—		$	—		$	7,516

The Bon-Ton Stores, Inc.

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