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10-K
DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
14. Quarterly financial data (unaudited) (Continued)
As discussed in Note 6, in the second quarter of 2011, the Company repurchased $839.3 million
principal amount of its outstanding Senior Notes, resulting in a pretax loss of $58.1 million
($35.4 million net of tax, or $0.10 per diluted share) which is recognized as Other (income) expense.
As discussed in Note 11, in the fourth quarter of 2011 the Company incurred share-based
compensation expenses of $8.6 million ($5.3 million net of tax, or $0.02 per diluted share) for the
accelerated vesting of certain share-based awards in conjunction with a secondary offering of the
Company’s common stock which is included in SG&A expenses.
As discussed in Note 11, in the first quarter of 2010 the Company incurred share-based
compensation expenses of $13.3 million ($8.1 million net of tax, or $0.02 per diluted share) for the
accelerated vesting of certain share-based awards in conjunction with a secondary offering of the
Company’s common stock which is included in SG&A expenses.
As discussed in Note 6, in the second quarter of 2010, the Company repurchased $50.0 million
principal amount of its outstanding Senior Notes, resulting in a pretax loss of $6.5 million ($4.0 million
net of tax, or $0.01 per diluted share) which is recognized as Other (income) expense.
As discussed in Note 6, in the third quarter of 2010, the Company repurchased $65.0 million
principal amount of its outstanding Senior Notes, resulting in a pretax loss of $8.2 million ($5.0 million
net of tax, or $0.01 per diluted share) which is recognized as Other (income) expense.
As discussed in Note 11, in the fourth quarter of 2010 the Company incurred share-based
compensation expenses of $3.8 million ($2.3 million net of tax, or $0.01 per diluted share) for the
accelerated vesting of certain share-based awards in conjunction with a secondary offering of the
Company’s common stock which is included in SG&A expenses.
15. Subsequent Event
On March 15, 2012, the ABL Facility discussed in Note 6 was amended and restated. The maturity
date was extended from July 6, 2013 to July 6, 2014 and the total commitment was increased from
$1.031 billion to $1.2 billion (of which up to $350.0 million is available for letters of credit), subject to
borrowing base availability. The initial applicable margin for borrowings under the ABL Facility is
1.75% for LIBOR borrowings and 0.75% for base-rate borrowings. The commitment fee for any
unutilized commitments has been initially established at a rate of 0.375% per annum. An affiliate of
Goldman, Sachs & Co. is a lender under the amended and restated ABL Facility.
16. Guarantor subsidiaries
Certain of the Company’s subsidiaries (the ‘‘Guarantors’’) have fully and unconditionally
guaranteed on a joint and several basis the Company’s obligations under certain outstanding debt
obligations. Each of the Guarantors is a direct or indirect wholly-owned subsidiary of the Company.
92