Condensed Consolidating Financial Information

26 Months Ended

Aug. 04, 2013

Condensed Consolidating Financial Information

Note 6: Condensed Consolidating Financial Information

The senior notes (described in Note 3) are guaranteed on a senior basis by all domestic subsidiaries of the Company. The subsidiaries’ guarantee of the senior notes are full and unconditional and joint and several.

The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10 “Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered.” No other condensed consolidating financial statements are presented herein. The results of operations and cash flows from operating activities from the non-guarantor subsidiary were $(312) and $1,778, respectively, for the thirteen week period ended August 4, 2013. The results of operations and cash flows from operating activities from the non-guarantor subsidiary were $(370) and $899, respectively, for the twenty-six week period ended August 4, 2013. There are no restrictions on cash distributions from the non-guarantor subsidiary.

August 4, 2013:


	Issuer and Subsidiary Guarantors		Subsidiary Non- Guarantors			Consolidating Adjustments			Consolidated Dave & Buster’s, Inc.
Assets:
Current assets	$	95,580	$	5,297		$	—		$	100,877
Property and equipment, net		348,620		5,179			—			353,799
Tradenames		79,000		—			—			79,000
Goodwill		273,725		(1,389	)		—			272,336
Investment in subsidiary		3,682		—			(3,682	)		—
Other assets and deferred charges		23,044		486			—			23,530

Total assets	$	823,651	$	9,573		$	(3,682	)	$	829,542


	Issuer and Subsidiary Guarantors		Subsidiary Non- Guarantors			Consolidating Adjustments			Consolidated Dave & Buster’s, Inc.
Liabilities and stockholder’s equity:
Current liabilities	$	99,710	$	5,779		$	—		$	105,489
Deferred income taxes		23,496		—			—			23,496
Deferred occupancy costs		70,392		112			—			70,504
Other liabilities		13,251		—			—			13,251
Long-term debt, less current installments, net of unamortized discount (Note 3)		342,952		—			—			342,952
Stockholder’s equity		273,850		3,682			(3,682	)		273,850

Total liabilities and stockholder’s equity	$	823,651	$	9,573		$	(3,682	)	$	829,542

February 3, 2013:


	Issuer and Subsidiary Guarantors		Subsidiary Non- Guarantors			Consolidating Adjustments			Consolidated Dave & Buster’s, Inc.
Assets:
Current assets	$	85,696	$	6,122		$	—		$	91,818
Property and equipment, net		333,018		4,221			—			337,239
Tradenames		79,000		—			—			79,000
Goodwill		273,725		(1,447	)		—			272,278
Investment in subsidiary		4,215		—			(4,215	)		—
Other assets and deferred charges		23,854		364			—			24,218

Total assets	$	799,508	$	9,260		$	(4,215	)	$	804,553


	Issuer and Subsidiary Guarantors		Subsidiary Non- Guarantors			Consolidating Adjustments			Consolidated Dave & Buster’s, Inc.
Liabilities and stockholder’s equity:
Current liabilities	$	87,936	$	4,947		$	—		$	92,883
Deferred income taxes		24,887		—			—			24,887
Deferred occupancy costs		69,446		98			—			69,544
Other liabilities		12,684		—			—			12,684
Long-term debt, less current installments, net of unamortized discount (Note 3)		343,579		—			—			343,579
Stockholder’s equity		260,976		4,215			(4,215	)		260,976

Total liabilities and stockholder’s equity	$	799,508	$	9,260		$	(4,215	)	$	804,553

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

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DAVE & BUSTERS INC 10-Q