Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Jul. 28, 2012

Condensed Consolidating Financial Statements [Abstract]

Condensed Consolidating Balance Sheet

	Parent Only		Guarantors		Non-Guarantors		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	45,739	$	36,624	$	—		$	82,363
Accounts receivable, net		—		105,334		22,342		—			127,676
Intercompany receivable		193,626		—		—		(193,626	)		—
Inventories		—		140,605		24,056		—			164,661
Other current assets		—		31,458		1,627		(2,385	)		30,700
Total current assets		193,626		323,136		84,649		(196,011	)		405,400
Property and equipment, net		—		49,824		4,538		—			54,362
Intangible assets, net		—		223,217		39,330		—			262,547
Investment in subsidiaries		335,138		—		—		(335,138	)		—
Other assets		6,049		2,908		475		—			9,432
TOTAL	$	534,813	$	599,085	$	128,992	$	(531,149	)	$	731,741
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities	$	8,631	$	107,412	$	18,064	$	(4,624	)	$	129,483
Intercompany payable		—		143,217		52,172		(195,389	)		—
Total current liabilities		8,631		250,629		70,236		(200,013	)		129,483
Notes payable and senior credit facility		150,000		—		—		—			150,000
Other long-term liabilities		—		67,885		5,952		2,239			76,076
Total long-term liabilities		150,000		67,885		5,952		2,239			226,076
Total liabilities		158,631		318,514		76,188		(197,774	)		355,559
Total Equity		376,182		280,571		52,804		(333,375	)		376,182
TOTAL	$	534,813	$	599,085	$	128,992	$	(531,149	)	$	731,741

	Parent Only		Guarantors		Non-Guarantors		Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	294	$	23,822	$	—		$	24,116
Accounts receivable, net		—		124,016		21,547		—			145,563
Intercompany receivable		191,614		—		—		(191,614	)		—
Inventories		—		169,800		28,464		—			198,264
Other current assets		—		31,069		5,843		(3,179	)		33,733
Total current assets		191,614		325,179		79,676		(194,793	)		401,676
Property and equipment, net		—		51,745		4,751		—			56,496
Intangible assets, net		—		216,702		39,726		—			256,428
Investment in subsidiaries		327,904		—		—		(327,904	)		—
Other assets		6,333		3,182		80		—			9,595
TOTAL	$	525,851	$	596,808	$	124,233	$	(522,697	)	$	724,195
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities	$	9,356	$	91,712	$	16,110	$	(5,418	)	$	111,760
Intercompany payable		—		139,786		53,495		(193,281	)		—
Total current liabilities		9,356		231,498		69,605		(198,699	)		111,760
Notes payable and senior credit facility		150,000		21,679		—		—			171,679
Other long-term liabilities		—		66,262		5,760		2,239			74,261
Total long-term liabilities		150,000		87,941		5,760		2,239			245,940
Total liabilities		159,356		319,439		75,365		(196,460	)		357,700
Total Equity		366,495		277,369		48,868		(326,237	)		366,495
TOTAL	$	525,851	$	596,808	$	124,233	$	(522,697	)	$	724,195

Condensed Consolidating Statement of Comprehensive (Loss) Income

	Parent Only			Guarantors			Non- Guarantors			Eliminations		Consolidated
Revenue	$	—		$	177,572		$	31,865		$	—	$	209,437
Gross profit		—			55,976			13,349			—		69,325
Operating (loss) income		—			(769	)		519			—		(250	)
Interest and income taxes		—			2,155			37			—		2,192
Equity in earnings of subsidiaries, net		(2,442	)		—			—			2,442		—
Net (loss) income		(2,442	)		(2,924	)		482			2,442		(2,442	)
Comprehensive (loss) income		(3,290	)		(2,924	)		(366	)		3,290		(3,290	)

	Parent Only		Guarantors			Non- Guarantors			Eliminations			Consolidated
Revenue	$	—	$	187,462		$	26,973		$	—		$	214,435
Gross profit		—		59,468			12,800			—			72,268
Operating income		—		3,501			1,973			—			5,474
Interest and income taxes		—		4,198			(571	)		—			3,627
Equity in earnings of subsidiaries, net		1,847		—			—			(1,847	)		—
Net income (loss)		1,847		(697	)		2,544			(1,847	)		1,847
Comprehensive income (loss)		1,527		(697	)		2,224			(1,527	)		1,527

	Parent Only		Guarantors		Non- Guarantors		Eliminations			Consolidated
Revenue	$	—	$	406,500	$	68,460	$	—		$	474,960
Gross profit		—		126,818		30,247		—			157,065
Operating income		—		12,731		4,994		—			17,725
Interest and income taxes		—		9,530		961		—			10,491
Equity in earnings of subsidiaries, net		7,234		—		—		(7,234	)		—
Net income		7,234		3,201		4,033		(7,234	)		7,234
Comprehensive income		7,138		3,201		3,937		(7,138	)		7,138

	Parent Only		Guarantors		Non- Guarantors		Eliminations			Consolidated
Revenue	$	—	$	446,299	$	56,425	$	—		$	502,724
Gross profit		—		142,052		27,186		—			169,238
Operating income		—		29,554		6,326		—			35,880
Costs on early extinguishment of debt		—		1,306		—		—			1,306
Interest and income taxes		—		17,348		1		—			17,349
Equity in earnings of subsidiaries, net		17,225		—		—		(17,225	)		—
Net income		17,225		10,900		6,325		(17,225	)		17,225
Comprehensive income		18,048		10,900		7,148		(18,048	)		18,048

Condensed Consolidating Statement of Cash Flows

	Parent Only			Guarantors			Non- Guarantors			Eliminations			Consolidated
NET CASH PROVIDED BY OPERATING ACTIVITIES	$	1,390		$	69,426		$	14,505		$	—		$	85,321
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		—			(2,801	)		(382	)		—			(3,183	)
Payment on purchase of intangible assets		—			(7,000	)		—			—			(7,000	)
Proceeds in connection with purchase price adjustment		—			4,547			—			—			4,547
Net cash used in by investing activities		—			(5,254	)		(382	)		—			(5,636	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on senior credit facility		—			175,036			—			—			175,036
Payments on senior credit facility		—			(196,715	)		—			—			(196,715	)
Payments on real estate mortgages		—			(345	)		—			—			(345	)
Payments on capital leases		—			(135	)		—			—			(135	)
Proceeds from exercise of stock options		423			—			—			—			423
Tax benefit from exercise of stock options		296			—			—			—			296
Intercompany transactions		(2,111	)		3,431			(1,322	)		2			—
Net cash used in financing activities		(1,392	)		(18,728	)		(1,322	)		2			(21,440	)
Effect of exchange rate changes on cash and cash equivalents		2			—			2			(2	)		2
NET INCREASE IN CASH AND CASH EQUIVALENTS		—			45,444			12,803			—			58,247
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		—			294			23,822			—			24,116
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	—		$	45,738		$	36,625		$	—		$	82,363

	Parent Only			Guarantors			Non- Guarantors			Eliminations			Consolidated
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$	25,463		$	(52,069	)	$	40,184		$	650		$	14,228
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		—			(5,052	)		(718	)		—			(5,770	)
Proceeds on sale of intangible assets		—			—			2,875			—			2,875
Payment on purchase of intangible assets		—			(535	)		—			—			(535	)
Payment on purchase of operating leases		—			(904	)		—			—			(904	)
Redemption of restricted funds as collateral		—			8,919			—			—			8,919
Net cash provided by investing activities		—			2,428			2,157			—			4,585
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from senior credit facility		—			204,296			—			—			204,296
Payments on senior credit facility		—			(301,638	)		—			—			(301,638	)
Payments on real estate mortgages		—			(304	)		—			—			(304	)
Proceeds from issuance of senior subordinated notes		150,000			—			—			—			150,000
Debt issuance costs		(3,504	)		—			—			—			(3,504	)
Payments on senior subordinated notes		(105,792	)		—			—			—			(105,792	)
Payments on capital leases		—			(184	)		—			—			(184	)
Proceeds from exercise of stock options		410			—			—			—			410
Tax benefit from exercise of stock options		423			—			—			—			423
Proceeds from issuance of common stock		56,000			—			—			—			56,000
Stock issuance costs		(3,074	)		—			—			—			(3,074	)
Intercompany transactions		(120,095	)		154,738			(34,812	)		169			—
Net cash (used in) provided by financing activities		(25,632	)		56,908			(34,812	)		169			(3,367	)
Effect of exchange rate changes on cash and cash equivalents		169			—			169			(169	)		169
NET INCREASE IN CASH AND CASH EQUIVALENTS		—			7,267			7,698			650			15,615
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		—			—			19,174			(650	)		18,524
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	—		$	7,267		$	26,872		$	—		$	34,139