GUARANTOR AND NON-GUARANTOR SUBSIDIARIES (Tables)

3 Months Ended

May 02, 2015

GUARANTOR AND NON-GUARANTOR SUBSIDIARIES

Schedule of Condensed Consolidating Balance Sheet

The Bon-Ton Stores, Inc.

Condensed Consolidating Balance Sheet

May 2, 2015

					Guarantor		Non-Guarantor		Consolidating			Company
	Parent		Issuer		Subsidiaries		Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1	$	3,254	$	5,456	$	—	$	—		$	8,711
Merchandise inventories	—		469,973		268,258		—		—			738,231
Prepaid expenses and other current assets	—		66,680		7,374		4,286		(506		)	77,834
Total current assets	1		539,907		281,088		4,286		(506		)	824,776
Property, fixtures and equipment at cost, net	—		275,383		142,628		224,257		—			642,268
Deferred income taxes	—		4,235		13,138		—		—			17,373
Intangible assets, net	—		23,882		64,656		—		—			88,538
Investment in and advances to affiliates	54,442		341,535		413,542		—		(809,519		)	—
Other long-term assets	—		21,547		374		331		—			22,252
Total assets	$	54,443	$	1,206,489	$	915,426	$	228,874	$	(810,025	)	$	1,595,207
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—	$	197,789	$	—	$	—	$	—		$	197,789
Accrued payroll and benefits	—		17,179		3,937		—		—			21,116
Accrued expenses	—		80,922		72,110		72		(506		)	152,598
Current maturities of long-term debt and obligations under capital leases	—		471		3,590		209,652		—			213,713
Deferred income taxes	—		9,640		16,879		—		—			26,519
Total current liabilities	—		306,001		96,516		209,724		(506		)	611,735
Long-term debt and obligations under capital leases, less current maturities	—		703,062		38,564		—		—			741,626
Other long-term liabilities	—		144,805		40,729		1,869		—			187,403
Total liabilities	—		1,153,868		175,809		211,593		(506		)	1,540,764
Shareholders’ equity	54,443		52,621		739,617		17,281		(809,519		)	54,443
Total liabilities and shareholders’ equity	$	54,443	$	1,206,489	$	915,426	$	228,874	$	(810,025	)	$	1,595,207

The Bon-Ton Stores, Inc.

Condensed Consolidating Balance Sheet

May 3, 2014

					Guarantor		Non-Guarantor		Consolidating			Company
	Parent		Issuer		Subsidiaries		Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1	$	3,042	$	5,178	$	—	$	—		$	8,221
Merchandise inventories	—		447,439		264,341		—		—			711,780
Prepaid expenses and other current assets	—		66,035		4,504		3,177		(578		)	73,138
Total current assets	1		516,516		274,023		3,177		(578		)	793,139
Property, fixtures and equipment at cost, net	—		241,984		152,326		235,143		—			629,453
Deferred income taxes	—		1,062		17,199		—		—			18,261
Intangible assets, net	—		32,734		68,311		—		—			101,045
Investment in and advances to affiliates	96,057		343,552		377,779		—		(817,388		)	—
Other long-term assets	—		23,552		491		641		—			24,684
Total assets	$	96,058	$	1,159,400	$	890,129	$	238,961	$	(817,966	)	$	1,566,582
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—	$	188,169	$	—	$	—	$	—		$	188,169
Accrued payroll and benefits	—		17,529		4,046		—		—			21,575
Accrued expenses	—		79,855		72,939		112		(578		)	152,328
Current maturities of long-term debt and obligations under capital leases	—		454		3,330		7,059		—			10,843
Deferred income taxes	—		5,882		19,804		—		—			25,686
Total current liabilities	—		291,889		100,119		7,171		(578		)	398,601
Long-term debt and obligations under capital leases, less current maturities	—		639,964		42,154		209,652		—			891,770
Other long-term liabilities	—		132,091		46,323		1,739		—			180,153
Total liabilities	—		1,063,944		188,596		218,562		(578		)	1,470,524
Shareholders’ equity	96,058		95,456		701,533		20,399		(817,388		)	96,058
Total liabilities and shareholders’ equity	$	96,058	$	1,159,400	$	890,129	$	238,961	$	(817,966	)	$	1,566,582

The Bon-Ton Stores, Inc.

Condensed Consolidating Balance Sheet

January 31, 2015

					Guarantor		Non-Guarantor		Consolidating			Company
	Parent		Issuer		Subsidiaries		Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1	$	4,209	$	4,543	$	—	$	—		$	8,753
Merchandise inventories	—		483,270		251,686		—		—			734,956
Prepaid expenses and other current assets	—		74,956		14,906		3,966		(434		)	93,394
Total current assets	1		562,435		271,135		3,966		(434		)	837,103
Property, fixtures and equipment at cost, net	—		268,224		146,793		226,979		—			641,996
Deferred income taxes	—		4,889		10,892		—		—			15,781
Intangible assets, net	—		24,618		65,533		—		—			90,151
Investment in and advances to affiliates	87,647		324,668		435,870		—		(848,185		)	—
Other long-term assets	—		22,685		391		407		—			23,483
Total assets	$	87,648	$	1,207,519	$	930,614	$	231,352	$	(848,619	)	$	1,608,514
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—	$	208,882	$	—	$	—	$	—		$	208,882
Accrued payroll and benefits	—		23,637		5,211		—		—			28,848
Accrued expenses	—		76,599		81,857		—		(434		)	158,022
Current maturities of long-term debt and obligations under capital leases	—		460		3,501		6,788		—			10,749
Deferred income taxes	—		10,081		14,397		—		—			24,478
Total current liabilities	—		319,659		104,966		6,788		(434		)	430,979
Long-term debt and obligations under capital leases, less current maturities	—		651,436		39,790		204,753		—			895,979
Other long-term liabilities	—		150,152		41,921		1,835		—			193,908
Total liabilities	—		1,121,247		186,677		213,376		(434		)	1,520,866
Shareholders’ equity	87,648		86,272		743,937		17,976		(848,185		)	87,648
Total liabilities and shareholders’ equity	$	87,648	$	1,207,519	$	930,614	$	231,352	$	(848,619	)	$	1,608,514

Schedule of Condensed Consolidating Statement Of Operations

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Operations

Thirteen Weeks Ended May 2, 2015

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	360,466		$	250,472		$	—		$	—		$	610,938
Other income	—			9,470			6,834			—			—			16,304
	—			369,936			257,306			—			—			627,242
Costs and expenses:
Costs of merchandise sold	—			239,112			165,353			—			—			404,465
Selling, general and administrative	—			134,831			91,223			35			(7,403		)	218,686
Depreciation and amortization	—			11,208			8,104			2,721			—			22,033
Amortization of lease-related interests	—			495			606			—			—			1,101
Loss from operations	—			(15,710		)	(7,980		)	(2,756		)	7,403			(19,043		)
Other income (expense):
Intercompany income	—			450			4,694			6,670			(11,814		)	—
Equity in losses of subsidiaries	(34,233		)	(3,557		)	—			—			37,790			—
Interest expense, net	—			(15,416		)	(798		)	(3,387		)	4,411			(15,190		)
(Loss) income before income taxes	(34,233		)	(34,233		)	(4,084		)	527			37,790			(34,233		)
Income tax (benefit) provision	(159		)	(159		)	236			—			(77		)	(159		)
Net (loss) income	$	(34,074	)	$	(34,074	)	$	(4,320	)	$	527		$	37,867		$	(34,074	)

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Operations

Thirteen Weeks Ended May 3, 2014

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	360,200		$	247,260		$	—		$	—		$	607,460
Other income	—			9,002			6,071			—			—			15,073
	—			369,202			253,331			—			—			622,533
Costs and expenses:
Costs of merchandise sold	—			234,367			158,743			—			—			393,110
Selling, general and administrative	—			139,676			92,440			(2,371		)	(7,426		)	222,319
Depreciation and amortization	—			11,066			7,714			2,782			—			21,562
Amortization of lease-related interests	—			576			606			—			—			1,182
Loss from operations	—			(16,483		)	(6,172		)	(411		)	7,426			(15,640		)
Other income (expense):
Intercompany income	—			464			5,366			6,670			(12,500		)	—
Equity in (losses) income of subsidiaries	(31,064		)	944			—			—			30,120			—
Interest expense, net	—			(15,989		)	(862		)	(3,494		)	5,074			(15,271		)
Loss on extinguishment of debt	—			—			—			(153		)	—			(153		)
(Loss) income before income taxes	(31,064		)	(31,064		)	(1,668		)	2,612			30,120			(31,064		)
Income tax provision	448			448			235			—			(683		)	448
Net (loss) income	$	(31,512	)	$	(31,512	)	$	(1,903	)	$	2,612		$	30,803		$	(31,512	)

Schedule of Condensed Consolidating Statement of Comprehensive (Loss) Income

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirteen Weeks Ended May 2, 2015

							Guarantor			Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(34,074	)	$	(34,074	)	$	(4,320	)	$	527	$	37,867		$	(34,074	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	982			982			—			—		(982		)	982
Comprehensive (loss) income	$	(33,092	)	$	(33,092	)	$	(4,320	)	$	527	$	36,885		$	(33,092	)

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirteen Weeks Ended May 3, 2014

							Guarantor			Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(31,512	)	$	(31,512	)	$	(1,903	)	$	2,612	$	30,803		$	(31,512	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	814			814			—			—		(814		)	814
Comprehensive (loss) income	$	(30,698	)	$	(30,698	)	$	(1,903	)	$	2,612	$	29,989		$	(30,698	)

Schedule of Condensed Consolidating Statement of Cash Flows

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Cash Flows

Thirteen Weeks Ended May 2, 2015

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	1,390		$	(25,585	)	$	6,097		$	3,111		$	(2,843	)	$	(17,830	)
Cash flows from investing activities:
Capital expenditures	—			(20,402		)	(4,046		)	—			—			(24,448		)
Intercompany investing activity	(454		)	(176		)	—			—			630			—
Net cash used in investing activities	(454		)	(20,578		)	(4,046		)	—			630			(24,448		)
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations	—			(135,973		)	(1,138		)	(1,889		)	—			(139,000		)
Proceeds from issuance of long-term debt	—			187,611			—			—			—			187,611
Intercompany financing activity	—			(991		)	—			(1,222		)	2,213			—
Cash dividends paid	(991		)	—			—			—			—			(991		)
Restricted shares forfeited in lieu of payroll taxes	(399		)	—			—			—			—			(399		)
Proceeds from stock options exercised	454			—			—			—			—			454
Decrease in book overdraft balances	—			(5,439		)	—			—			—			(5,439		)
Net cash (used in) provided by financing activities	(936		)	45,208			(1,138		)	(3,111		)	2,213			42,236
Net (decrease) increase in cash and cash equivalents	—			(955		)	913			—			—			(42		)
Cash and cash equivalents at beginning of period	1			4,209			4,543			—			—			8,753
Cash and cash equivalents at end of period	$	1		$	3,254		$	5,456		$	—		$	—		$	8,711

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Cash Flows

Thirteen Weeks Ended May 3, 2014

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	2,446		$	(18,857	)	$	3,702		$	1,027		$	(4,121	)	$	(15,803	)
Cash flows from investing activities:
Capital expenditures	—			(13,797		)	(1,636		)	—			—			(15,433		)
Intercompany investing activity	—			(88		)	—			—			88			—
Proceeds from sale of property, fixtures and equipment	—			—			—			5,000			—			5,000
Net cash (used in) provided by investing activities	—			(13,885		)	(1,636		)	5,000			88			(10,433		)
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations	—			(135,715		)	(1,056		)	(2,979		)	—			(139,750		)
Proceeds from issuance of long-term debt	—			177,728			—			—			—			177,728
Intercompany financing activity	—			(985		)	—			(3,048		)	4,033			—
Deferred financing costs paid	—			(35		)	—			—			—			(35		)
Cash dividends paid	(985		)	—			—			—			—			(985		)
Restricted shares forfeited in lieu of payroll taxes	(1,461		)	—			—			—			—			(1,461		)
Decrease in book overdraft balances	—			(8,098		)	—			—			—			(8,098		)
Net cash (used in) provided by financing activities	(2,446		)	32,895			(1,056		)	(6,027		)	4,033			27,399
Net increase in cash and cash equivalents	—			153			1,010			—			—			1,163
Cash and cash equivalents at beginning of period	1			2,889			4,168			—			—			7,058
Cash and cash equivalents at end of period	$	1		$	3,042		$	5,178		$	—		$	—		$	8,221