GUARANTOR AND NON-GUARANTOR SUBSIDIARIES (Tables)

9 Months Ended

Oct. 31, 2015

GUARANTOR AND NON-GUARANTOR SUBSIDIARIES

Schedule of Condensed Consolidating Balance Sheet

The Bon-Ton Stores, Inc.

Condensed Consolidating Balance Sheet

October 31, 2015

							Guarantor		Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries		Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	1		$	3,047		$	3,953	$	14,666	$	—		$	21,667
Merchandise inventories	—			662,437			332,045		—		—			994,482
Prepaid expenses and other current assets	—			74,089			6,764		2,262		(468		)	82,647
Total current assets	1			739,573			342,762		16,928		(468		)	1,098,796
Property, fixtures and equipment at cost, net	—			328,016			181,627		148,263		(14,395		)	643,511
Deferred income taxes	—			2,407			12,139		—		—			14,546
Intangible assets, net	—			22,439			62,978		—		—			85,417
Investment in and advances to affiliates	(17,796		)	449,013			327,242		—		(758,459		)	—
Other long-term assets	—			25,499			850		67		(3,385		)	23,031
Total assets	$	(17,795	)	$	1,566,947		$	927,598	$	165,258	$	(776,707	)	$	1,865,301
Liabilities and Shareholders’ (Deficit) Equity
Current liabilities:
Accounts payable	$	—		$	362,042		$	—	$	—	$	—		$	362,042
Accrued payroll and benefits	—			17,123			4,230		—		—			21,353
Accrued expenses	—			85,705			69,413		181		(468		)	154,831
Current maturities of long-term debt and obligations under capital leases	—			1,343			3,919		102,997		—			108,259
Deferred income taxes	—			8,241			16,348		—		—			24,589
Total current liabilities	—			474,454			93,910		103,178		(468		)	671,074
Long-term debt and obligations under capital leases, less current maturities	—			976,414			54,322		—		—			1,030,736
Other long-term liabilities	—			137,190			42,860		4,621		(3,385		)	181,286
Total liabilities	—			1,588,058			191,092		107,799		(3,853		)	1,883,096
Shareholders’ (deficit) equity	(17,795		)	(21,111		)	736,506		57,459		(772,854		)	(17,795		)
Total liabilities and shareholders’ (deficit) equity	$	(17,795	)	$	1,566,947		$	927,598	$	165,258	$	(776,707	)	$	1,865,301

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

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 October 31, 2015

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	375,130		$	248,270		$	—		$	—		$	623,400
Other income	—			10,726			6,771			—			—			17,497
	—			385,856			255,041			—			—			640,897
Costs and expenses:
Costs of merchandise sold	—			252,888			162,137			—			—			415,025
Selling, general and administrative	—			136,430			88,791			(24		)	(5,014		)	220,183
Depreciation and amortization	—			12,523			8,436			1,989			(162		)	22,786
Amortization of lease-related interests	—			478			567			—			—			1,045
Impairment charges	—			203			—			—			—			203
Loss from operations	—			(16,666		)	(4,890		)	(1,965		)	5,176			(18,345		)
Other income (expense):
Intercompany income	—			432			6,250			4,320			(11,002		)	—
Equity in (losses) earnings of subsidiaries	(34,191		)	1,227			—			—			32,964			—
Interest expense, net	—			(19,184		)	(981		)	(1,669		)	5,988			(15,846		)
(Loss) income before income taxes	(34,191		)	(34,191		)	379			686			33,126			(34,191		)
Income tax (benefit) provision	(199		)	(199		)	235			—			(36		)	(199		)
Net (loss) income	$	(33,992	)	$	(33,992	)	$	144		$	686		$	33,162		$	(33,992	)

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

Thirty-Nine Weeks Ended October 31, 2015

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,063,399		$	726,370		$	—		$	—		$	1,789,769
Other income	—			29,346			20,023			—			—			49,369
	—			1,092,745			746,393			—			—			1,839,138
Costs and expenses:
Costs of merchandise sold	—			698,924			471,394			—			—			1,170,318
Selling, general and administrative	—			403,537			269,246			(14,549		)	(4,179		)	654,055
Gain on insurance recovery	—			—			(748		)	—			—			(748		)
Depreciation and amortization	—			36,706			25,334			7,188			(216		)	69,012
Amortization of lease-related interests	—			1,467			1,740			—			—			3,207
Impairment charges	—			425			—			—			—			425
(Loss) income from operations	—			(48,314		)	(20,573		)	7,361			4,395			(57,131		)
Other income (expense):
Intercompany income	—			1,328			16,526			16,673			(34,527		)	—
Equity in losses of subsidiaries	(108,225		)	(9,780		)	—			—			118,005			—
Interest expense, net	—			(51,459		)	(2,680		)	(7,830		)	15,737			(46,232		)
Loss on extinguishment of debt	—			—			—			(4,862		)	—			(4,862		)
(Loss) income before income taxes	(108,225		)	(108,225		)	(6,727		)	11,342			103,610			(108,225		)
Income tax (benefit) provision	(596		)	(596		)	703			—			(107		)	(596		)
Net (loss) income	$	(107,629	)	$	(107,629	)	$	(7,430	)	$	11,342		$	103,717		$	(107,629	)

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	)

Schedule of Condensed Consolidating Statement of Comprehensive (Loss) Income

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Comprehensive (Loss) Income

Thirteen Weeks Ended October 31, 2015

							Guarantor		Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries		Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(33,992	)	$	(33,992	)	$	144	$	686	$	33,162		$	(33,992	)
Other comprehensive income, net of tax: Pension and postretirement benefit plans	944			944			—		—		(944		)	944
Comprehensive (loss) income	$	(33,048	)	$	(33,048	)	$	144	$	686	$	32,218		$	(33,048	)

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 (Loss) Income

Thirty-Nine Weeks Ended October 31, 2015

							Guarantor			Non-Guarantor		Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries		Eliminations			Consolidated
Net (loss) income	$	(107,629	)	$	(107,629	)	$	(7,430	)	$	11,342	$	103,717		$	(107,629	)
Other comprehensive income, net of tax:
Pension and postretirement benefit plans	2,832			2,832			—			—		(2,832		)	2,832
Comprehensive (loss) income	$	(104,797	)	$	(104,797	)	$	(7,430	)	$	11,342	$	100,885		$	(104,797	)

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	)

Schedule of Condensed Consolidating Statement of Cash Flows

The Bon-Ton Stores, Inc.

Condensed Consolidating Statement of Cash Flows

Thirty-Nine Weeks Ended October 31, 2015

							Guarantor			Non-Guarantor			Consolidating			Company
	Parent			Issuer			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	3,413		$	(185,446	)	$	16,900		$	32,154		$	(7,760	)	$	(140,739	)
Cash flows from investing activities:
Capital expenditures	—			(54,191		)	(16,282		)	—			—			(70,473		)
Intercompany investing activity	(454		)	(32,433		)	—			—			32,887			—
Proceeds from insurance claim	—			—			1,510			—			—			1,510
Proceeds from sale of property, fixtures and equipment	—			17,546			66			67,656			—			85,268
Net cash (used in) provided by investing activities	(454		)	(69,078		)	(14,706		)	67,656			32,887			16,305
Cash flows from financing activities:
Payments on long-term debt and capital lease obligations	—			(368,946		)	(2,784		)	(113,285		)	—			(485,015		)
Proceeds from issuance of long-term debt	—			624,313			—			—			—			624,313
Intercompany financing activity	—			(3,014		)	—			28,141			(25,127		)	—
Deferred financing costs paid	—			(314		)	—			—			—			(314		)
Cash dividends paid	(3,014		)	—			—			—			—			(3,014		)
Restricted shares forfeited in lieu of payroll taxes	(399		)	—			—			—			—			(399		)
Proceeds from stock options exercised	454			—			—			—			—			454
Increase in book overdraft balances	—			1,323			—			—			—			1,323
Net cash (used in) provided by financing activities	(2,959		)	253,362			(2,784		)	(85,144		)	(25,127		)	137,348
Net (decrease) increase in cash and cash equivalents	—			(1,162		)	(590		)	14,666			—			12,914
Cash and cash equivalents at beginning of period	1			4,209			4,543			—			—			8,753
Cash and cash equivalents at end of period	$	1		$	3,047		$	3,953		$	14,666		$	—		$	21,667

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