Merger with BPW Acquisition Corp. and Related Transactions (Tables)

6 Months Ended

Jul. 30, 2011

Merger-related Costs

Details of the merger-related costs recorded in the thirteen and twenty-six weeks ended July 30, 2011 and July 31, 2010 are as follows:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 30,		July 31,		July 30,		July 31,
	2011		2010		2011		2010
	(In thousands)
Investment banking	$	—	$	—	$	—	$	14,255
Accounting and legal		—		1,669		—		6,650
Financing incentive compensation		—		1,210		885		4,428
Other costs		—		171		—		1,530
Merger-related costs	$	—	$	3,050	$	885	$	26,863

Summary of Financial Information Presents the Operating Results of Combined Company Assuming Merger and Related Events

The following pro forma summary financial information presents the operating results of the combined company assuming the merger and related events, including the repurchase of common stock held by AEON (U.S.A.) and repayment of all outstanding indebtedness owed to AEON and AEON (U.S.A.) and the execution of the senior secured revolving credit agreement, had been completed on January 31, 2010, the beginning of Talbots’ fiscal year ended January 29, 2011.

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	July 31, 2010				July 31, 2010
	Actual		Pro Forma		Actual			Pro Forma
	(In thousands, except per share data)
Net sales	$	300,742	$	300,742	$	621,403		$	621,403
Operating income		8,728		8,728		11,627			4,755
Income (loss) from continuing operations		521		521		(6,575	)		(8,187	)
Earnings (loss) per share — continuing operations:
Basic	$	0.01	$	0.01	$	(0.10	)	$	(0.12	)
Diluted	$	0.01	$	0.01	$	(0.10	)	$	(0.12	)
Weighted average shares outstanding:
Basic		68,338		68,388		63,105			67,293
Diluted		69,520		69,520		63,105			67,293