Condensed Consolidating Financial Information

3 Months Ended

May 05, 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 $(58) and $(879), respectively, for the thirteen week period ended May 5, 2013. There are no restrictions on cash distributions from the non-guarantor subsidiary.

May 5, 2013:


	Issuer and Subsidiary Guarantors		Subsidiary Non-Guarantors			Consolidating Adjustments			Consolidated Dave & Buster’s, Inc.
Assets:
Current assets	$	102,038	$	5,172		$	—		$	107,210
Property and equipment, net		325,384		3,995			—			329,379
Tradenames		79,000		—			—			79,000
Goodwill		273,725		(1,431	)		—			272,294
Investment in sub		4,114		—			(4,114	)		—
Other assets and deferred charges		23,404		478			—			23,882

Total assets	$	807,665	$	8,214		$	(4,114	)	$	811,765


	Issuer and Subsidiary Guarantors		Subsidiary Non-Guarantors		Consolidating Adjustments			Consolidated Dave & Buster’s, Inc.
Liabilities and stockholder’s equity:
Current liabilities	$	90,241	$	3,994	$	—		$	94,235
Deferred income taxes		21,813		—		—			21,813
Deferred occupancy costs		68,527		106		—			68,633
Other liabilities		12,579		—		—			12,579
Long-term debt, less current installments, net of unamortized discount (Note 3)		343,266		—		—			343,266
Stockholder’s equity		271,239		4,114		(4,114	)		271,239

Total liabilities and stockholder’s equity	$	807,665	$	8,214	$	(4,114	)	$	811,765

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 sub		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