Express 2011 Annual Report Download - page 36

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ITEM 6. SELECTED FINANCIAL DATA.
SELECTED HISTORICAL CONSOLIDATED FINANCIAL AND OPERATING DATA
The following tables set forth our selected historical consolidated financial and operating data as of the dates and
for the periods indicated. The selected historical consolidated financial and operating data as of January 28, 2012
and January 29, 2011 and for the years ended January 28, 2012, January 29, 2011, and January 30, 2010 are
derived from our audited Consolidated Financial Statements included elsewhere in this Annual Report on Form
10-K. The selected historical consolidated financial data as of January 30, 2010, January 31, 2009, and
February 2, 2008, the selected operating data for the periods ended January 31, 2009 and February 2, 2008, are
derived from our audited Consolidated Financial Statements, which are not included herein.
On July 6, 2007, investment funds managed by Golden Gate acquired 75% of the equity interests in our business
from Limited Brands in the Golden Gate Acquisition. As a result of the Golden Gate Acquisition, a new basis of
accounting was created beginning July 7, 2007 for the Successor periods ending after such date. Prior to the
Golden Gate Acquisition, our Consolidated Financial Statements were prepared on a carve-out basis from
Limited Brands. The carve-out Consolidated Financial Statements include allocations of certain costs of Limited
Brands. In the Successor periods we no longer incur these charges, but do incur certain expenses as a stand-alone
company for similar functions, including for certain support services provided by affiliates of Limited Brands.
These allocated costs were based upon various assumptions and estimates and actual results may differ from
these allocated costs, assumptions, and estimates. Accordingly, the carve-out Consolidated Financial Statements
may not provide a comparable presentation of our financial position or results of operations as if we had operated
as a stand-alone entity during the Predecessor periods.
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