Rite Aid 2012 Annual Report Download - page 113

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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended March 3, 2012, February 26, 2011 and February 27, 2010
(In thousands, except per share amounts)
18. Related Party Transactions (Continued)
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.
As of the second quarter in fiscal 2012, the consulting agreement with Leonard Green & Partners,
L.P. has been terminated as Mr. Sokoloff is no longer on the Company’s board of directors.
19. Interim Financial Results (Unaudited)
Fiscal Year 2012
First Second Third Fourth
Quarter Quarter Quarter Quarter Year
Revenues ..................... $6,390,793 $6,271,091 $6,312,584 $7,146,754 $26,121,222
Cost of goods sold .............. 4,699,874 4,622,130 4,641,204 5,364,679 19,327,887
Selling, general and administrative
expenses ................... 1,586,236 1,603,752 1,583,098 1,758,325 6,531,411
Lease termination and impairment
charges .................... 17,090 15,118 11,540 56,305 100,053
Interest expense ................ 130,760 130,829 129,927 137,739 529,255
Loss (gain) on debt modifications
and retirements, net ........... 22,434 (4,924) — 16,066 33,576
Gain on sale of assets and
investments, net .............. (4,792) (848) (2,172) (891) (8,703)
6,451,602 6,366,057 6,363,597 7,332,223 26,513,479
Loss before income taxes ......... (60,809) (94,966) (51,013) (185,469) (392,257)
Income tax expense (benefit) ...... 2,273 (2,712) 972 (24,219) (23,686)
Net loss ...................... $ (63,082) $ (92,254) $ (51,985) $ (161,250) $ (368,571)
Basic loss per share(1) ........... $ (0.07) $ (0.11) $ (0.06) $ (0.18) $ (0.43)
Diluted loss per share(1) ......... $ (0.07) $ (0.11) $ (0.06) $ (0.18) $ (0.43)
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