Sally Beauty Supply 2013 Annual Report Download - page 141

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Sally Beauty Holdings, Inc. and Subsidiaries
Notes to Consolidated Financial Statements (Continued)
Fiscal Years ended September 30, 2013, 2012 and 2011
BSG segment and in unallocated expenses in the amount of $19.0 million and $2.3 million,
respectively.
(b) Unallocated expenses consist of corporate and shared costs.
(c) For the fiscal year ended September 30, 2012, interest expense includes losses on
extinguishment of debt in the aggregate amount of $37.8 million in connection with the
Company’s redemption of outstanding notes and repayment of the term B loan.
Geographic Area Information
Geographic data for the fiscal years ended September 30, 2013, 2012 and 2011 is as follows (in thousands):
Year Ended September 30,
2013 2012 2011
Net sales:(a)
United States ...................... $2,943,959 $2,885,958 $2,688,062
Foreign ........................... 678,257 637,686 581,069
Total ......................... $3,622,216 $3,523,644 $3,269,131
Identifiable assets:
United States ...................... $1,356,969 $1,325,787 $1,240,894
Foreign ........................... 530,190 498,595 434,095
Corporate ......................... 62,927 241,418 53,611
Total ........................... $1,950,086 $2,065,800 $1,728,600
(a) Net sales are attributable to individual countries based on the location of the customer.
19. Parent, Issuers, Guarantor and Non-Guarantor Condensed Consolidated Financial Statements
The following consolidating financial information presents the condensed consolidating balance sheets as
of September 30, 2013 and 2012, the related condensed consolidating statements of earnings and
comprehensive income, and the condensed consolidating statements of cash flows for each of the three
fiscal years in the period ended September 30, 2013 of: (i) Sally Beauty Holdings, Inc., or the ‘‘Parent;’’
(ii) Sally Holdings LLC and Sally Capital Inc., or the ‘‘Issuers;’’ (iii) the guarantor subsidiaries; (iv) the
non-guarantor subsidiaries; (v) elimination entries necessary for consolidation purposes; and (vi) Sally
Beauty on a consolidated basis.
Investments in subsidiaries are accounted for using the equity method for purposes of the consolidating
presentation. The principal elimination entries relate to investments in subsidiaries and intercompany
balances and transactions. Separate financial statements and other disclosures with respect to the
subsidiary guarantors have not been provided as management believes the following information is
sufficient, as guarantor subsidiaries are 100% indirectly owned by the Parent and all guarantees are full
and unconditional. Additionally, substantially all of the assets of the guarantor subsidiaries are pledged
under the ABL facility and consequently may not be available to satisfy the claims of general creditors.
F-39