Rite Aid 2011 Annual Report Download - page 105

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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended February 26, 2011, February 27, 2010 and February 28, 2009
(In thousands, except per share amounts)
18. Related Party Transactions (Continued)
into a month-to-month agreement with Leonard Green & Partners, L.P., as amended whereby the
Company has agreed to pay Leonard Green & Partners, L.P., a monthly fee of $12.5, paid in arrears,
for its consulting services. The consulting agreement also provides for the reimbursement of
out-of-pocket expenses incurred by Leonard Green & Partners, L.P.
19. Interim Financial Results (Unaudited)
Fiscal Year 2011
First Second Third Fourth
Quarter Quarter Quarter Quarter Year
Revenues ..................... $6,394,336 $6,161,752 $6,202,353 $6,456,466 $25,214,907
Cost of goods sold .............. 4,682,632 4,523,092 4,561,200 4,755,479 18,522,403
Selling, general and administrative
expenses ................... 1,622,934 1,626,704 1,578,142 1,630,053 6,457,833
Lease termination and impairment
charges .................... 13,457 26,360 17,003 154,073 210,893
Interest expense ................ 141,619 139,716 133,742 132,504 547,581
Loss on debt modifications and
retirements, net .............. — 44,003 — — 44,003
(Gain) loss on sale of assets and
investments, net .............. 237 (3,973) (7,050) (11,438) (22,224)
6,460,879 6,355,902 6,283,037 6,660,671 25,760,489
Loss before income taxes ......... (66,543) (194,150) (80,684) (204,205) (545,582)
Income tax expense (benefit) ...... 7,141 2,826 (1,613) 1,488 9,842
Net loss ...................... $ (73,684) $ (196,976) $ (79,071) $ (205,693) $ (555,424)
Basic loss per share(1) ........... $ (0.09) $ (0.23) $ (0.09) $ (0.24) $ (0.64)
Diluted loss per share(1) ......... $ (0.09) $ (0.23) $ (0.09) $ (0.24) $ (0.64)
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