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

9 Months Ended

Oct. 29, 2011

Merger-related costs

Details of the merger-related costs recorded in the thirteen and thirty-nine weeks ended October 29, 2011 and October 30, 2010 are as follows:

	Thirteen Weeks Ended					Thirty-Nine Weeks Ended
	October 29,		October 30,			October 29,		October 30,
	2011		2010			2011		2010
	(In thousands)
Investment banking	$	—	$	—		$	—	$	14,255
Accounting and legal		—		(431	)		—		6,219
Financing incentive compensation		—		1,210			885		5,638
Other costs		—		8			—		1,538
Merger-related costs	$	—	$	787		$	885	$	27,650

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				Thirty-Nine Weeks Ended
	October 30, 2010				October 30, 2010
	Actual		Pro Forma		Actual		Pro Forma
	(In thousands, except per share data)
Net sales	$	299,099	$	299,099	$	920,502	$	920,502
Operating income		19,833		19,833		31,460		24,588
Income from continuing operations		16,974		16,974		10,399		8,787
Earnings per share — continuing operations:
Basic	$	0.24	$	0.24	$	0.16	$	0.13
Diluted	$	0.24	$	0.24	$	0.15	$	0.12
Weighted average shares outstanding:
Basic		68,424		68,424		64,878		67,670
Diluted		69,442		69,442		66,008		68,800