Form 10-Q

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

0001193125-12-387496.txt : 20120911 0001193125-12-387496.hdr.sgml : 20120911 20120911101748 ACCESSION NUMBER: 0001193125-12-387496 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 10 CONFORMED PERIOD OF REPORT: 20120731 FILED AS OF DATE: 20120911 DATE AS OF CHANGE: 20120911 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HASTINGS ENTERTAINMENT INC CENTRAL INDEX KEY: 0001054579 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL- COMPUTER & PRERECORDED TAPE STORES [5735] IRS NUMBER: 751386375 STATE OF INCORPORATION: TX FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-24381 FILM NUMBER: 121084637 BUSINESS ADDRESS: STREET 1: 3601 PLANS BLVD STREET 2: SUITE 1 CITY: AMARILLO STATE: TX ZIP: 79102 BUSINESS PHONE: 8063512300 MAIL ADDRESS: STREET 1: P O BOX 35350 CITY: AMARILLO STATE: TX ZIP: 79120-5350 10-Q 1 d368772d10q.htm FORM 10-Q Form 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 31, 2012

¨	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 000-24381

HASTINGS ENTERTAINMENT, INC.

(Exact name of registrant as specified in its charter)


Texas		75-1386375
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

3601 Plains Boulevard, Amarillo, Texas		79102
(Address of principal executive offices)		(Zip Code)

(806) 351-2300

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “accelerated filer”, “large accelerated filer”, and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.


Class		Outstanding at July 31, 2012
Common Stock, $.01 par value per share		8,218,863 shares

HASTINGS ENTERTAINMENT, INC.

Form 10-Q

For the Quarterly Period Ended July 31, 2012

INDEX


		Page

PART I – FINANCIAL INFORMATION

Item 1.	Financial Statements.

	Consolidated Balance Sheets as of July 31, 2012 (Unaudited), and January 31, 2012		3

	Unaudited Consolidated Statements of Operations for the Three and Six Months Ended July 31, 2012 and 2011		4

	Unaudited Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended July 31, 2012 and 2011		5

	Unaudited Consolidated Statements of Cash Flows for the Six Months Ended July 31, 2012 and 2011		6

	Notes to the Unaudited Consolidated Financial Statements		7

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.		11

Item 3.	Quantitative and Qualitative Disclosures about Market Risk.		23

Item 4.	Controls and Procedures.		23

PART II – OTHER INFORMATION

Item 1.	Legal Proceedings.		25

Item 1A.	Risk Factors.		25

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.		25

Item 6.	Exhibits.		26

SIGNATURES			27

INDEX TO EXHIBITS			28

PART I - FINANCIAL INFORMATION

ITEM 1 – FINANCIAL STATEMENTS

HASTINGS ENTERTAINMENT, INC.

Consolidated Balance Sheets

July 31, 2012 and January 31, 2012

(Dollars in thousands, except par value)


	July 31, 2012			January 31, 2012
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	4,397		$	4,172
Merchandise inventories, net		143,592			151,366
Prepaid expenses and other current assets		10,265			15,229

Total current assets		158,254			170,767
Rental assets, net of accumulated depreciation of $18,342 and $20,978 at July 31, 2012 and January 31, 2012, respectively		10,618			12,634
Property, equipment and improvements, net of accumulated depreciation of $221,176 and $215,525 at July 31, 2012 and January 31, 2012, respectively		35,404			39,449
Intangible assets, net		244			244
Other assets		2,237			2,380

Total Assets	$	206,757		$	225,474

Liabilities and Shareholders’ Equity
Current liabilities:
Trade accounts payable	$	51,499		$	51,268
Accrued expenses and other current liabilities		27,339			26,150

Total current liabilities		78,838			77,418
Long term debt		35,893			53,279
Deferred income taxes		47			42
Other liabilities		8,251			8,677

Shareholders’ equity:
Preferred stock, $.01 par value; 5,000,000 shares authorized; none issued		—			—
Common stock, $.01 par value; 75,000,000 shares authorized; 11,944,544 shares issued and 8,218,863 shares outstanding at July 31, 2012; 11,944,544 shares issued and 8,292,147 shares outstanding at January 31, 2012		119			119
Additional paid-in capital		36,490			36,231
Retained earnings		68,487			71,010
Accumulated other comprehensive income		154			118
Treasury stock, at cost 3,725,681 shares and 3,652,397 shares at July 31, 2012 and January 31, 2012, respectively		(21,522	)		(21,420	)

Total Shareholders’ Equity		83,728			86,058

Total Liabilities and Shareholders’ Equity	$	206,757		$	225,474

See accompanying notes to unaudited consolidated financial statements.

HASTINGS ENTERTAINMENT, INC.

Unaudited Consolidated Statements of Operations

For the Three and Six Months Ended July 31, 2012 and 2011

(Dollars in thousands, except per share amounts)


	Three Months Ended July 31,						Six Months Ended July 31,
	2012			2011			2012			2011
Merchandise revenue	$	89,314		$	92,828		$	188,833		$	197,291
Rental revenue		15,087			17,423			30,913			36,951
Gift card breakage revenue		(348	)		284			(206	)		430

Total revenues		104,053			110,535			219,540			234,672
Merchandise cost of revenue		59,050			63,889			126,579			136,009
Rental cost of revenue		5,038			6,886			10,553			14,171

Total cost of revenues		64,088			70,775			137,132			150,180

Gross profit		39,965			39,760			82,408			84,492

Selling, general and administrative expenses		43,035			44,717			84,325			88,427
Pre-opening expenses		—			154			—			212

Operating loss		(3,070	)		(5,111	)		(1,917	)		(4,147	)
Other income (expense):
Interest expense		(292	)		(287	)		(570	)		(489	)
Other, net		72			118			96			137

Loss before income taxes		(3,290	)		(5,280	)		(2,391	)		(4,499	)
Income tax expense (benefit)		66			(1,225	)		132			(857	)

Net loss	$	(3,356	)	$	(4,055	)	$	(2,523	)	$	(3,642	)

Basic loss per share	$	(0.41	)	$	(0.47	)	$	(0.31	)	$	(0.42	)

Diluted loss per share	$	(0.41	)	$	(0.47	)	$	(0.31	)	$	(0.42	)

Weighted-average common shares outstanding:
Basic		8,214			8,600			8,238			8,655
Dilutive effect of stock awards		—			—			—			—

Diluted		8,214			8,600			8,238			8,655

See accompanying notes to unaudited consolidated financial statements.

HASTINGS ENTERTAINMENT, INC.

Unaudited Consolidated Statements of Comprehensive Loss

For the Three and Six Months Ended July 31, 2012 and 2011

(Dollars in thousands)


	Three Months Ended July 31,						Six Months Ended July 31,
	2012			2011			2012			2011
Net loss	$	(3,356	)	$	(4,055	)	$	(2,523	)	$	(3,642	)
Other comprehensive income (loss) before income taxes
Unrealized gains (losses) in investments available for sale in Supplemental Executive Retirement Plan		(33	)		(49	)		36			18

Other comprehensive income (loss), before income taxes		(33	)		(49	)		36			18
Income taxes related to components of other comprehensive income		(13	)		(19	)		14			8

Other comprehensive income (loss), net of income taxes		(20	)		(30	)		22			10

Comprehensive loss	$	(3,376	)	$	(4,085	)	$	(2,501	)	$	(3,632	)

See accompanying notes to unaudited consolidated financial statements.

HASTINGS ENTERTAINMENT, INC.

Unaudited Consolidated Statements of Cash Flows

For the Six Months Ended July 31, 2012 and 2011

(Dollars in thousands)


	Six Months Ended July 31,
	2012			2011
Cash flows from operating activities:
Net loss	$	(2,523	)	$	(3,642	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Rental asset depreciation expense		3,069			5,923
Purchases of rental assets		(4,835	)		(12,163	)
Property, equipment and improvements depreciation expense		7,707			8,674
Deferred income taxes		5			1,025
Loss on rental assets lost, stolen and defective		363			872
Loss on disposal or impairment of property and equipment, excluding rental assets		93			59
Non-cash stock-based compensation		371			639
Changes in operating assets and liabilities:
Merchandise inventories		11,191			(5,988	)
Prepaid expenses and other current assets		4,964			(1,014	)
Trade accounts payable		(505	)		1,750
Accrued expenses and other current liabilities		1,189			(685	)
Excess tax benefit from stock-based compensation		—			(15	)
Other assets and liabilities, net		(246	)		377

Net cash provided by (used in) operating activities		20,843			(4,188	)

Cash flows from investing activities:
Purchases of property, equipment and improvements		(3,754	)		(8,239	)

Net cash used in investing activities		(3,754	)		(8,239	)

Cash flows from financing activities:
Borrowings under revolving credit facility		205,596			265,053
Repayments under revolving credit facility		(222,982	)		(250,864	)
Purchase of treasury stock		(214	)		(979	)
Change in cash overdraft		736			385
Deferred financing costs paid		—			(68	)
Proceeds from exercise of stock options		—			13
Excess tax benefit from stock-based compensation		—			15

Net cash provided by (used in) financing activities		(16,864	)		13,555

Net increase in cash and cash equivalents		225			1,128
Cash and cash equivalents at beginning of period		4,172			6,149

Cash and cash equivalents at end of period	$	4,397		$	7,277

See accompanying notes to unaudited consolidated financial statements.

Hastings Entertainment, Inc

Notes to Unaudited Consolidated Financial Statements

(Tabular amounts in thousands, except per share data or unless otherwise noted)

1.	Basis of Presentation

The accompanying unaudited consolidated financial statements of Hastings Entertainment, Inc. and its subsidiary (“Hastings,” the “Company,” “we,” “our,” or “us”) have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with instructions in Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such principles and regulations of the Securities and Exchange Commission. All adjustments, consisting of normal recurring adjustments, have been made which, in the opinion of management, are necessary for a fair presentation of the results of interim periods. The results of operations for such interim periods are not necessarily indicative of the results that may be expected for a full year because of, among other things, seasonality factors in the retail business. As is the case with many retailers, a significant portion of our revenues, and an even greater portion of our operating earnings, is generated in the fourth fiscal quarter, which includes the holiday selling season. The unaudited consolidated financial statements contained herein should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2012.

The balance sheet at January 31, 2012 has been derived from the audited consolidated financial statements at that date but does not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2012.

Our fiscal year ends on January 31 and is identified as the fiscal year for the immediately preceding calendar year. For example, the fiscal year that will end on January 31, 2013 is referred to as fiscal year 2012.

2.	Stock-Based Compensation

We have various stock incentive plans, which allow us to issue stock options, stock appreciation rights, restricted shares, restricted stock units, performance awards and other awards. Stock-based compensation is discussed more fully in Note 13 to the Audited Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended January 31, 2012.

For the three months ended July 31, 2012 and 2011, we recognized approximately $0.2 million and $0.3 million, respectively, of stock-based compensation expense. For the six months ended July 31, 2012 and 2011, we recognized approximately $0.4 million and $0.6 million, respectively, of stock-based compensation expense. These amounts include expense related to incentive stock options, non-qualified stock options, and restricted stock units.

As of July 31, 2012, we had 329,479 shares available to grant as stock-based compensation awards under our various stock incentive plans.

3.	Store Closing Reserve

From time to time and in the normal course of business, we evaluate our store base to determine if we need to close a store. Such evaluations include consideration of, among other factors, current and future expected profitability, market trends, age of store and lease status.

Amounts in “Accrued expenses and other current liabilities” and “Other liabilities” at July 31, 2012 included accruals for the net present value of future minimum lease payments, net of estimated sublease income, attributable to closed or relocated stores. Expenses related to store closings are included in SG&A expenses in the consolidated statement of operations.

Hastings Entertainment, Inc

Notes to Unaudited Consolidated Financial Statements

(Tabular amounts in thousands, except per share data or unless otherwise noted)

The following table provides a roll-forward of our store closing reserves:


	Store Closing Reserve
Balance at January 31, 2012	$	2,558
Additions to provision		—
Changes in estimates		114
Cash outlay, net		(384	)

Balance at July 31, 2012	$	2,288

4.	Long-term Debt

On July 22, 2010, we entered into the Amended and Restated Loan and Security Agreement with Bank of America, N.A., as agent, which amended and restated our Loan and Security Agreement dated as of August 29, 2000, as otherwise amended (the “Prior Agreement”), and on July 21, 2011, we entered into an amendment (the “First Amendment”) to the Amended Agreement with Bank of America, N.A (collectively, the “Amended Agreement”). The First Amendment increased the revolving credit facility from $100 million to $115 million, increased our borrowing base, lowered our interest rates, and allowed for the payment of dividends, which was previously prohibited under the Amended Agreement. The Amended Agreement is substantially the same as the Prior Agreement, extends the maturity date of the Prior Agreement from August 29, 2011 to July 22, 2014, and provides that we may repurchase up to $10.0 million worth of our common stock. The Amended Agreement also provides that we may repurchase additional shares of our common stock in the event we meet certain criteria set forth in the Amended Agreement. The Amended Agreement includes certain debt and acquisition limitations and requires a minimum availability of 10% of the lesser of (a) the Borrowing Base, and (b) the Revolving Credit Ceiling, provided however that we must also maintain Availability (each term as defined in the Amended Agreement) that is greater than or equal to $10 million at all times. Our obligations under the Amended Agreement are secured by a pledge of substantially all of the assets of the Company and our subsidiary and are guaranteed by our subsidiary.

The amount outstanding under the Amended Agreement is limited by a borrowing base predicated on the sum of (a) 85% of Eligible Credit Card Receivables plus (b) either (i) at all times during the year, other than those stated in (ii), 90% of the liquidation value of eligible inventory or (ii) from September 1^st through and including December 27^th of each year, 92.5% of the liquidation value of eligible inventory, less (c) Availability Reserves (each term as defined in the Amended Agreement), and is limited to a ceiling of $115 million, less a minimum availability reserve that is greater than or equal to 10% of the lesser of (a) the Borrowing Base, and (b) the Revolving Credit Ceiling, provided however that we must also maintain Availability that is greater than or equal to $10 million at all times. The lender may increase specifically defined reserves to reduce availability in the event of adverse changes in our industry or our financial condition that are projected to impact the value of our assets pledged as collateral. The lender must exercise reasonable judgment and act in good faith with respect to any changes in the specifically defined reserves.

Interest under the Amended Agreement will accrue, at our election, at a Base Rate or Libor Rate, plus, in each case, an Applicable Margin, which is determined by reference to the level of Availability as defined in the Amended Agreement, with the Applicable Margin for Libor Rate loans ranging from 2.00% to 2.50% and the Applicable Margin for Base Rate loans ranging from 1.00% to 1.50% (each term as defined in the Amended Agreement). In addition, unused line fees ranging from 0.30% to 0.375% (determined by reference to the level of usage under the Amended Agreement) are also payable on unused commitments.

We utilize standby letters of credit to support certain insurance policies. The aggregate amount of the letters of credit at July 31, 2012, was approximately $0.9 million, which reduces the excess availability under the Amended Agreement.

Hastings Entertainment, Inc

Notes to Unaudited Consolidated Financial Statements

(Tabular amounts in thousands, except per share data or unless otherwise noted)

At July 31, 2012, we had approximately $61.0 million in excess availability, after the availability reserve, under the Amended Agreement. The average rates of interest incurred for the three months ended July 31, 2012 and 2011 were 2.5% and 2.6%, respectively. The average rates of interest incurred for the six months ended July 31, 2012 and 2011 were 2.5% and 2.6%, respectively. Deferred financing costs that were amortized into interest expense during the three and six months ended July 31, 2012 are excluded from the calculation of the average rate of interest for each respective period.

5.	Income per Share

The computations for basic and diluted income per share are as follows:


	Three Months Ended July 31,						Six Months Ended July 31,
	2012			2011			2012			2011
Net loss	$	(3,356	)	$	(4,055	)	$	(2,523	)	$	(3,642	)

Average shares outstanding:
Basic		8,214			8,600			8,238			8,655
Effect of stock awards		—			—			—			—

Diluted		8,214			8,600			8,238			8,655

Loss per share:
Basic	$	(0.41	)	$	(0.47	)	$	(0.31	)	$	(0.42	)

Diluted	$	(0.41	)	$	(0.47	)	$	(0.31	)	$	(0.42	)

The following options to purchase shares of common stock were not included in the computation of diluted income per share because their inclusion would have been antidilutive:


	Three Months Ended July 31,		Six Months Ended July 31,
	2012	2011	2012	2011
Shares of common stock underlying options	537	783	537	783

Exercise price range per share	$2.06 to $9.67	$1.69 to $8.70	$2.06 to $9.67	$1.69 to $8.70

6.	Fair Value Measurements

We account for certain assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The hierarchy below lists three levels of fair value based on the extent to which inputs used in measuring fair value are observable in the market. These levels are:

•

Level 1 – Observable inputs – quoted prices in active markets for identical assets and liabilities;

•

Level 2 – Observable inputs other than the quoted prices in active markets for identical assets and liabilities – includes quoted prices for similar instruments, quoted prices for identical or similar instruments in inactive markets, and amounts derived from valuation models where all significant inputs are observable in active markets; and

•

Level 3 – Unobservable inputs – includes amounts derived from valuation models where one or more significant inputs are unobservable and require us to develop relevant assumptions.

Hastings Entertainment, Inc

Notes to Unaudited Consolidated Financial Statements

(Tabular amounts in thousands, except per share data or unless otherwise noted)

At July 31, 2012 and January 31, 2012, we had approximately $1.7 million and $1.6 million, respectively, in assets which are carried at fair value on a recurring basis. These assets, which are reflected in Other Assets in the consolidated balance sheets, consist of available-for-sale investments related to our non-qualified supplemental executive retirement plan (“SERP”). The fair value of these investments was determined using Level 1 inputs.

Our long-term debt approximates fair value as of both July 31, 2012 and January 31, 2012, due to the instrument bearing interest at variable rates that are comparable to what is currently available to us. We entered into the First Amendment with Bank of America, N.A. on July 21, 2011, at which time our current interest rates were determined. See Note 4 on Debt for a more detailed discussion of the Amended Agreement.

7.	Income Taxes

The effective tax rate for the three months ended July 31, 2012 was (2.0%) primarily due to Texas state income tax expense, which is based primarily on gross margin.

The effective tax rate for the six months ended July 31, 2012 was (5.5%) primarily due to Texas state income tax expense, which is based primarily on gross margin. During the fourth quarter of fiscal 2011 we established a valuation allowance. A valuation allowance is required if it is more likely than not that a deferred tax asset will not be realized. In assessing the need for a valuation allowance, we considered all available positive and negative evidence, including our ability to carry back operating losses to prior periods, projected future taxable income, tax planning strategies and the reversal of deferred tax liabilities. Based on this analysis, we determined that it was more likely than not that our deferred tax assets will not be realized and continue to believe that it is more likely than not that these assets will not be realized. As such, we evaluated and increased the valuation allowance to approximately $10.3 million at July 31, 2012. Our effective rate is significantly lower than statutory rates due to the valuation allowance. We will reassess the valuation allowance quarterly, and if future evidence allows for a partial or full release of the valuation allowance, a tax benefit will be recorded accordingly.

8.	Litigation and Contingencies

We are involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on our financial position, results of operations or cash flows.

9.	Recent Accounting Pronouncements

In May 2011, the FASB issued ASU 2011-04, “Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (“IFRSs”).” Under ASU 2011-04, the guidance amends certain accounting and disclosure requirements related to fair value measurements to ensure that fair value has the same meaning in U.S. GAAP and in IFRS and that their respective fair value measurement and disclosure requirements are the same. ASU 2011-04 is effective for public entities during interim and annual periods beginning after December 15, 2011. Early adoption is not permitted. The Company adopted the new ASU 2011-04 disclosure requirements in the first quarter of fiscal 2012 with no material impact on the Company’s results of operation and financial condition.

ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-looking Statements

Certain written and oral statements set forth below or made by Hastings with the approval of an authorized executive officer constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “intend,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future including statements relating to the business, expansion, merchandising and marketing strategies of Hastings, industry projections or forecasts, inflation, effect of critical accounting policies including lower of cost or market for inventory adjustments, the returns process, rental asset depreciation, store closing reserves, impairment or disposal of long-lived assets, revenue recognition, and vendor allowances, sufficiency of cash flow from operations and borrowings under our revolving credit facility and statements expressing general opinions about future operating results are forward-looking statements. Such statements are based upon our management’s current estimates, assumptions and expectations, which are based on information available at the time of the disclosure, and are subject to a number of factors and uncertainties, including, but not limited to, consumer appeal of our existing and planned product offerings, and the related impact of competitor pricing and product offerings; overall industry performance and the accuracy of our estimates and judgments regarding trends; our ability to obtain favorable terms from suppliers; our ability to respond to changing consumer preferences, including with respect to new technologies, the expanding market for digital content and hardware (including without limitation electronic books or “eBooks” and “eBook readers”) and other alternative methods of content delivery, and to effectively adjust our offerings if and as necessary; the application and impact of future accounting policies or interpretations of existing accounting policies; whether our assumptions turn out to be correct; our inability to attain such estimates and expectations; a downturn in market conditions in any industry relating to the products we inventory, sell or rent; the degree to which we enter into and maintain vendor relationships; the challenging times that the U.S. and global economies are currently experiencing, the effects of which have had and will continue to have an adverse impact on spending by Hastings’ current retail customer base and potential new customers, and the possibility that general economic conditions could deteriorate further; volatility of fuel and utility costs; acts of war or terrorism inside the United States or abroad; unanticipated adverse litigation results or effects; the effect of inclement weather on the ability of consumers to reach our stores and other factors which may be outside of our control; any of which could cause actual results to differ materially from those described herein. We undertake no obligation to affirm, publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The following discussion should be read in conjunction with the unaudited consolidated financial statements of the Company and the related notes thereto appearing elsewhere in this Quarterly Report on Form 10-Q.

General

Incorporated in 1972, Hastings Entertainment, Inc. (the “Company,” “Hastings,” or “Hastings Entertainment”) is a leading multimedia entertainment retailer. We operate entertainment superstores that buy, sell, trade and rent various home entertainment products, including books, music, software, periodicals, movies on DVD and Blu-ray, video games, video game consoles and consumer electronics. We also offer consumables and trends products such as apparel, t-shirts, action figures, posters, greeting cards and seasonal merchandise. As of July 31, 2012, we operated 138 superstores principally in medium-sized markets located in 19 states, primarily in the Western and Midwestern United States. We also operate two concept stores, Sun Adventure Sports, located in Amarillo, Texas and Lubbock, Texas, and TRADESMART, located in Littleton, Colorado.

We also operate a multimedia entertainment e-commerce web site offering a broad selection of books, software, video games, movies on DVD and Blu-ray, music, trends, and consumer electronics. We fill orders for new and used product placed at this website and also through Amazon Marketplace using our proprietary goShip program, which allows us to ship directly from stores. We have one wholly-owned subsidiary, Hastings Internet, Inc.

References herein to fiscal years are to the twelve-month periods that end in January of each following calendar year. For example, the twelve-month period ending January 31, 2013 is referred to as fiscal 2012.

Critical Accounting Estimates

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. We believe the following critical accounting estimates comprise our more significant estimates and assumptions used in the preparation of our financial statements. Our significant estimates and assumptions are reviewed, and any required adjustments are recorded, on a monthly or quarterly basis.

Lower of Cost or Market for Merchandise Inventory. Our merchandise inventories are recorded at the lower of cost, which approximates the first-in, first-out (“FIFO”) method, or market. As with any retailer, economic conditions, cyclical customer demand and changes in purchasing or distribution can affect the carrying value of inventory. As circumstances warrant, we record the lower of cost or market inventory adjustments. In some instances, these adjustments can have a material effect on the financial results of an annual or interim period. In order to determine such adjustments, we evaluate the age, inventory turns and estimated market value and returnability of merchandise inventory by product category and record an adjustment if estimated market value is below cost.

Rental Asset Depreciation. We have established rental asset depreciation policies that match rental product costs with the related revenues. These policies require that we make significant estimates, based upon our experience, as to the ultimate amount and timing of revenue to be generated from our rental product. We utilize an accelerated method of depreciation because it approximates the pattern of demand for the product, which is higher when the product is initially released by the studios for rental and declines over time. In establishing salvage values for our rental product, we consider the sales prices and sales volume of our previously rented product and other used product.

We currently depreciate the cost of our rental assets on an accelerated basis over six months or nine months, except for rental assets purchased for the initial stock of a new store, which are depreciated on a straight-line basis over 36 months. Rental assets, which include DVDs, Books on CD and Video Games, are depreciated to salvage values ranging from $4 to $15. Rental assets purchased for less than established salvage values are not depreciated.

We also review the carrying value of our rental assets to ensure that estimated future cash flows exceed the carrying value. We periodically record adjustments to the value of previously rented product primarily for estimated obsolescence or excess product based upon changes in our original assumptions about future demand and market conditions. If future demand or actual market conditions are less favorable than our original estimates, additional adjustments, including adjustments to useful lives or salvage values, may be required. We continually evaluate the estimates surrounding the useful lives and salvage values used in depreciating our rental assets. Changes to these estimates resulting from changes in consumer demand, changes in customer preferences or the price or availability of retail products may materially impact the carrying value of our rental assets and our rental margins.

The costs of rental product purchased pursuant to revenue-sharing arrangements, which are recorded in rental cost of sales on the consolidated statements of operations, typically include a lower initial product cost than traditional rental purchases with a certain percentage of the net rental revenues shared with studios over an agreed period of time. Any up-front costs exceeding the designated salvage value are amortized on an accelerated basis, and revenue-sharing payments pursuant to the applicable arrangement are expensed as rental cost of sales as the related revenue is earned. Additionally, certain titles have performance guarantees. We analyze titles that are subject to performance guarantees and recognize an estimated expense for under-performing titles throughout the applicable period based upon our analysis of the estimated rental revenue shortfall. We revise these estimates on a monthly basis, based on actual results.

Impairment or Disposal of Long-Lived Assets. We evaluate under-performing stores on a quarterly basis to determine whether projected future cash flows over the remaining lease term are sufficient to recover the carrying value of the fixed asset investment in each individual store. If projected future cash flows are less than the carrying value of the fixed asset investment, an impairment charge is recognized if the estimated fair value is less than the carrying value of such assets. The carrying value of leasehold improvements, in addition to certain other property and equipment, is subject to impairment write-down.

Income Taxes. In determining net income (loss), we make certain estimates and judgments in the calculation of the tax provision and the resulting tax liabilities and in the recoverability of deferred tax assets that arise from temporary differences between the tax and financial statement recognition of revenue and expense. We record deferred tax assets and liabilities for future income tax consequences that are attributable to differences between financial statement carrying amounts of assets and liabilities and their income tax bases. We base the measurement of deferred tax assets and liabilities on enacted tax rates that we expect will apply to taxable earnings in the year when we expect to settle or recover those temporary differences. We recognize the effect on deferred tax assets and liabilities on any change in income tax rates in the period that includes the enactment date. A valuation allowance is established if it is more likely than not that a deferred tax asset will not be realized. In determining the appropriate valuation allowance, we consider all available positive and negative evidence, including our ability to carry back operating losses to prior periods, projected future taxable income, tax planning strategies and the reversal of deferred tax liabilities.

The tax benefit from an uncertain tax position is recognized only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood, on a cumulative basis, of being realized upon ultimate settlement. We recognize interest and penalties relating to any uncertain tax positions as a component of income tax expense.

Share-Based Compensation. Determining the amount of share-based compensation to be recorded in the statement of operations requires us to develop estimates that are used in calculating the grant-date fair value of stock options. In determining the fair value of stock options, we use the Black-Scholes valuation model, which requires us to make estimates of the following assumptions:

•

Expected volatility – The estimated stock price volatility is derived based upon our historical stock prices over the expected life of the option.

•

Expected life of the option – The estimate of an expected life is calculated based on historical data relating to grants, exercises and cancellations, as well as the vesting period and contractual life of the option.

•

Risk-free interest rate – The risk-free interest rate is based on the yield on zero-coupon U.S. Treasury securities for a period that is commensurate with the expected life of the option.

Our stock price volatility and expected option lives involve management’s best estimates at the grant date, both of which impact the fair value of the option calculated under the Black-Scholes pricing model and, ultimately, the expense that will be recognized over the vesting period of the option.

We recognize compensation expense only for the portion of options that are expected to vest. Therefore, we apply estimated forfeiture rates that are derived from historical employee termination behavior. If the actual number of forfeitures differs from those estimated by management, additional adjustments to compensation expense may be required in future periods.

In addition to stock options, we award restricted stock awards, including restricted stock units and performance-based restricted stock awards. The grant date fair value of restricted stock awards is equal to the average of the opening and closing stock price on the day on which they are granted. For performance-based restricted stock awards, compensation expense is recognized if management deems it probable that the performance conditions will be met. Management must use its judgment to determine the probability that a performance condition will be met. If actual results differ from management’s assumptions, future results could be materially impacted.

Gift Card Breakage Revenue. We sell gift cards through each of our stores and through our web site www.goHastings.com. The gift cards we sell have no stated expiration dates or fees and are subject to potential escheatment rights in some of the jurisdictions in which we operate. Gift card liabilities are recorded as deferred revenue at the time of sale of such cards, with the costs of designing, printing and distributing the cards recorded as expense as incurred. Prior to the fourth quarter of fiscal 2009, the liability was relieved and revenue was recognized only upon redemption of the gift cards. Beginning in the fourth quarter of fiscal 2009, we had sufficient historical data to analyze gift card redemption patterns and a final determination of the escheatment laws applicable to our

operations. As a result, during the fourth quarter of fiscal 2009, we recorded approximately $8.5 million of revenue related to the initial change in estimated breakage on gift cards we previously issued and sold. Subsequent to the initial change in estimate related to gift card breakage, gift card breakage revenue is recognized as gift cards are redeemed, based upon an analysis of the aging and utilization of gift cards, our determination that the likelihood of future redemption is remote and our determination that such balances are not subject to escheatment laws applicable to our operations. Periodically, we perform an analysis of our historical gift card redemption trends and review each state’s gift card escheatment laws to determine whether any adjustments to our estimated gift card breakage rates are necessary. Any changes in our estimated gift card breakage rates or changes in escheatment laws applicable to our operations are recognized in the period in which the change is made and any impact of the change is reflected in gift card breakage revenue.

Results of Operations

The following tables present our statement of operations data, expressed as a percentage of revenue, and the number of superstores open at the end of the periods presented herein.


	Three Months Ended July 31,						Six Months Ended July 31,
	2012			2011			2012			2011
Merchandise revenue		85.8	%		84.0	%		86.0	%		84.1	%
Rental revenue		14.5			15.8			14.1			15.7
Gift card breakage revenue		(0.3	)		0.2			(0.1	)		0.2

Total revenues		100.0			100.0			100.0			100.0

Merchandise cost of revenue		66.1			68.8			67.0			68.9
Rental cost of revenue		33.4			39.5			34.1			38.4

Total cost of revenues		61.6			64.0			62.5			64.0

Gross profit		38.4			36.0			37.5			36.0

Selling, general and administrative expenses		41.4			40.5			38.4			37.7
Pre-opening expenses		0.0			0.1			0.0			0.1

Operating loss		(3.0	)		(4.6	)		(0.9	)		(1.8	)

Other income (expense):
Interest expense		(0.3	)		(0.3	)		(0.3	)		(0.2	)
Other, net		0.1			0.1			0.1			0.1

Loss before income taxes		(3.2	)		(4.8	)		(1.1	)		(1.9	)

Income tax expense (benefit)		0.1			(1.1	)		0.1			(0.3	)

Net loss		(3.3	)%		(3.7	)%		(1.2	)%		(1.6	)%

Summary of Superstore Activity⁽¹⁾


	Three Months Ended July 31,					Six Months Ended July 31,						Year Ended January 31,
	2012		2011			2012			2011			2012
Beginning number of stores		138		146			140			146			146
Openings		—		—			—			1			1
Closings		—		(1	)		(2	)		(2	)		(7	)

Ending number of stores		138		145			138			145			140

(1)	As of July 31, 2012, we operated three concept stores, including two Sun Adventure Sports and one TRADESMART, which were not included in the summary of superstore activity. TRADESMART was opened August 2011. Our two Sun Adventure Sports stores were opened June 2010 and October 2011.

Financial Results for the Second Quarter of Fiscal Year 2012

Revenues. Total revenues for the second quarter decreased approximately $6.5 million, or 5.9%, to $104.1 million compared to $110.5 million for the second quarter of fiscal 2011. As of July 31, 2012, we operated 7 fewer superstores, as compared to July 31, 2011. The following is a summary of our revenues results (dollars in thousands):


	Three Months Ended July 31,
	2012						2011					Decrease
	Revenues			Percent Of Total			Revenues		Percent Of Total			Dollar			Percent
Merchandise Revenue	$	89,314			85.8	%	$	92,828		84.0	%	$	(3,514	)		-3.8	%
Rental Revenue		15,087			14.5	%		17,423		15.8	%		(2,336	)		-13.4	%
Gift Card Breakage Revenue		(348	)		(0.3	%)		284		0.2	%		(632	)		-222.5	%

Total Revenues	$	104,053			100.0	%	$	110,535		100.0	%	$	(6,482	)		-5.9	%

Comparable-store revenues (“Comp”)


Total	-3.3	%
Merchandise	-1.7	%
Rental	-11.2	%

Below is a summary of the Comp results for our major merchandise categories:


	Three Months Ended July 31,
	2012			2011
Hardback Café		12.1	%		3.8	%
Trends		11.2	%		9.9	%
Consumables		7.9	%		-9.7	%
Electronics		5.4	%		5.6	%
Books		2.5	%		-9.4	%
Movies		0.4	%		-11.4	%
Music		-11.6	%		-5.7	%
Games		-22.8	%		-5.1	%

Hardback Café Comps increased 12.1% for the quarter, primarily due to increased sales in blended and iced specialty café drinks and fruit smoothies. Trends Comps increased 11.2% for the quarter, primarily due to increased sales of apparel and accessories, novelty items, and comics. Key drivers in the apparel and accessories category included licensed apparel and accessories, novelty fashion accessories, and body jewelry. Key drivers in the novelty items category included tchotchke impulse items, barware, and the expansion of tween and movie related merchandise. Key drivers in the comics category included the chain roll out of a comic subscription program, Hastings exclusive variant comics, and strong licensed comics, including Avengers vs. X-Men, Batman and the Walking Dead series. Consumable Comps increased 7.9% due to the success of the monthly candy suggestive sell item and the expansion licensed novelty candy items. Electronics Comps increased 5.4% for the quarter, primarily due to increased sales of headphones, wireless phone accessories, tablet accessories, musical instrument accessories, and new hardware, partially offset by declining sales in refurbished iPods, musical instruments, storage, and recordable media. Book Comps increased 2.5% for the quarter, primarily due to strong trade paperback sales driven by the 50 Shades series, as well as strong used book sales, partially offset by declining hardcover sales due to a weak release schedule and the continued adoption of digital books in fiction categories. Book Comps, excluding Nextbook sales, digital books, and accessories increased 1.2% for the quarter. Movie Comps increased 0.4% for the quarter, primarily due to increased sales of new and used Blu-ray movies, partially offset by declining sales in new and used DVD movies, including boxed sets. Music Comps decreased 11.6% for the quarter, primarily resulting from lower sales of new and used products and the continued shift to lower priced promotional goods. Video Game Comps decreased 22.8% for the quarter, primarily due to lower sales of video game consoles, new gaming

accessories, and new video games, partially offset by increased sales in used video game hardware and accessories. Sales in the video game industry, as a whole, continue to struggle and are down significantly due to a lack of new video game releases and weak console sales.

Rental Comps decreased 11.2% for the quarter primarily due to fewer rentals of DVDs and video games, partially offset by an increase in rentals of Blu-ray movies. Rental Movie Comps decreased 7.9%, primarily due to lower quality of new releases during the quarter and competition from rental kiosks and subscription-based services. Rental Video Game Comps decreased 32.0%, due to a weak release schedule and lower sales of new video game consoles.

Gross Profit – Merchandise. For the second quarter, total merchandise gross profit dollars increased approximately $1.4 million, or 4.8%, to $30.3 million from $28.9 million for the same period in the prior year, primarily due to an increase in margin rates partially offset by a decrease in revenue. As a percentage of total merchandise revenue, merchandise gross profit increased to 33.9% for the quarter compared to 31.2% for the same period in the prior year, resulting primarily from a continued shift in mix of revenues by category, lower shrink and markdown expense.

Gross Profit – Rental. For the second quarter, total rental gross profit dollars decreased approximately $0.5 million, or 4.8%, to $10.0 million from $10.5 million for the same period in the prior year, primarily due to a decrease in revenue. As a percentage of total rental revenue, rental gross profit increased to 66.6% for the quarter compared to 60.5% for the same period in the prior year, primarily from lower depreciation and shrinkage expense.

Selling, General and Administrative Expenses (“SG&A”). As a percentage of total revenue, SG&A increased to 41.4% for the second quarter compared to 40.5% for the same period in the prior year due to deleveraging resulting from lower revenues. SG&A decreased approximately $1.7 million during the quarter, or 3.8%, to $43.0 million compared to $44.7 million for the same quarter last year. The decrease results primarily from a decrease of $1.2 million in store labor costs, a decrease of approximately $0.6 million in occupancy costs, including depreciation, and reductions in the majority of controllable expenses. The decrease was partially offset by an increase in bonuses under our corporate officer and management bonus incentive programs, resulting from the fact that no bonuses were earned during the second quarter of 2011. The decrease in occupancy expense and, to a certain extent, the decrease in store labor costs, are primarily a result of operating seven fewer superstores this quarter compared to the same period in the prior year.

Interest Expense. For the second quarter, interest expense remained at approximately $0.3 million, compared to $0.3 million for the same period in the prior year. The average rate of interest charged for the second quarter decreased to 2.5% compared to 2.6% for the same period in the prior year.

Income Tax Expense. The effective tax rate for the second quarter was (2.0%) primarily due to Texas state income tax expense, which is based primarily on gross margin. For further details, see the Income Tax Expense notes in the section covering Financial Results for the Six Months Ended July 31, 2012.

Financial Results for the Six Months Ended July 31, 2012

Revenues. Total revenues for the six months ended July 31, 2012 decreased approximately $15.1 million, or 6.4%, to $219.5 million compared to $234.7 million for the six months ended July 31, 2011. The following is a summary of our revenues results (dollars in thousands):


	Six Months Ended July 31,
	2012						2011					Decrease
	Revenues			Percent Of Total			Revenues		Percent Of Total			Dollar			Percent
Merchandise Revenue	$	188,833			86.0	%	$	197,291		84.1	%	$	(8,458	)		-4.3	%
Rental Revenue		30,913			14.1	%		36,951		15.7	%		(6,038	)		-16.3	%
Gift Card Breakage Revenue		(206	)		-0.1	%		430		0.2	%		(636	)		-147.9	%

Total Revenues	$	219,540			100.0	%	$	234,672		100.0	%	$	(15,132	)		-6.4	%

Comparable-store revenues (“Comp”)


Total	-5.2	%
Merchandise	-3.5	%
Rental	-14.1	%

Below is a summary of the Comp results for our major merchandise categories:


	Six Months Ended July 31,
	2012			2011
Trends		11.4	%		10.9	%
Electronics		8.8	%		1.1	%
Hardback Café		8.7	%		4.6	%
Consumables		3.2	%		-7.8	%
Books		0.3	%		-9.3	%
Movies		-2.2	%		-8.8	%
Music		-10.8	%		-2.1	%
Games		-22.1	%		-0.9	%

Trends Comps increased 11.4% for the period, primarily due to increased sales of apparel and accessories, novelty items, and comics. Key drivers in the apparel and accessories category included licensed apparel and accessories, novelty fashion accessories, and body jewelry. Key drivers in the novelty items category included tchotchke impulse items, barware, and the expansion of tween and movie related merchandise. Key drivers in the comics category included the chain roll out of a comic subscription program, Hastings exclusive variant comics, and strong licensed comics, including Avengers vs. X-Men, Batman and the Walking Dead series. Electronics Comps increased 8.8% for the period, primarily due to increased sales of headphones, wireless phone accessories, tablet accessories, musical instrument accessories, and new hardware, partially offset by declining sales in refurbished iPods, musical instruments, storage, and recordable media. Hardback Café Comps increased 8.7% for the period, primarily due to increased sales in blended and iced specialty café drinks and fruit smoothies. Consumable Comps increased 3.2% for the period, due to the success of the monthly candy suggestive sell item and the expansion of licensed novelty candy items. Book Comps increased 0.3% for the period, primarily due to strong paperback sales driven by the 50 Shades series and strong used book sales, partially offset by declining hardcover sales due to a weak release schedule and the continued adoption of digital books in fiction categories. Book Comps, excluding Nextbook sales, digital books, and accessories decreased 1.0% for the period. Movie Comps decreased 2.2% for the period, primarily due to declining sales in new and used DVDs, including boxed sets, partially offset by increased sales of new and used Blu-ray movies. Music Comps decreased 10.8% for the period, primarily resulting from lower sales of new and used CDs, along with a weaker slate of new release music during the period. The decrease in physical unit sales was 9.1% for the period, outperforming the industry by 2.7%, according to Nielsen SoundScan numbers for the January 1 – July 7, 2012 time frame. Video Game Comps decreased 22.1% for the period, primarily due to lower sales of video game consoles, new gaming accessories, and new video games, partially offset by increased sales in used video game hardware and accessories. Sales in the video game industry, as a whole, continue to struggle and are down significantly due to a lack of new video game releases and weak console sales.

Rental Comps decreased 14.1% for the period primarily due to fewer rentals of DVDs and video games, partially offset by an increase in rentals of Blu-ray movies. Rental Movie Comps decreased 11.9% for the period, primarily due to lower quality of new releases during the quarter and competition from rental kiosks and subscription-based services. Rental Video Game Comps decreased 28.6% for the period, due to a weak release schedule and lower sales of new video game consoles.

Gross Profit – Merchandise. For the current six months, total merchandise gross profit dollars increased approximately $1.0 million, or 1.6%, to $62.3 million from $61.3 million for the same period in the prior year, primarily due to an increase in margin rates partially offset by a decrease in revenues. As a percentage of total merchandise revenue, merchandise gross profit increased to 33.0% for the current six months, compared to 31.1% for the same period in the prior year, primarily due to a shift in mix of revenues by category and lower shrink and markdown expense.

Gross Profit – Rental. For the current six months, total rental gross profit dollars decreased approximately $2.4 million, or 10.5%, to $20.4 million from $22.8 million for the same period in the prior year primarily due to a decrease in revenue. As a percentage of total rental revenue, rental gross profit increased to 65.9% for the current six month period compared to 61.6% for the same period in the prior year, primarily as a result of lower depreciation and shrinkage expense.

Selling, General and Administrative Expenses (“SG&A”). As a percentage of total revenue, SG&A increased to 38.4% for the current six months compared to 37.7% for the same period in the prior year primarily due to deleveraging resulting from lower revenues. SG&A decreased approximately $4.1 million, or 4.6%, to $84.3 million compared to $88.4 million for the same period last year. The main drivers of the decrease in SG&A included a $2.8 million decrease in store labor costs, a $1.3 million decrease in occupancy expense, including depreciation, and a reduction in the majority of controllable expenses. The decrease was partially offset by an increase in bonuses under our corporate officer and management bonus incentive programs, resulting from the fact that no bonuses were earned for the first half of fiscal 2011. The decrease in occupancy expense and, to a certain extent, the decrease in store labor costs, are primarily a result of operating seven fewer superstores this year compared to the same period in the prior year.

Interest Expense. For the current six months, interest expense increased approximately $0.1 million to $0.6 million, compared to $0.5 million for the same period in the prior year primarily as a result of higher average outstanding debt levels. The average rate of interest charged for the current six months decreased to 2.5% compared to 2.6% for the same period in the prior year.

Income Tax Expense. The effective tax rate for the first six months of fiscal 2012 was (5.5%) primarily due to Texas state income tax expense, which is based primarily on gross margin. During the fourth quarter of fiscal 2011 we established a valuation allowance. A valuation allowance is required if it is more likely than not that a deferred tax asset will not be realized. In assessing the need for a valuation allowance, we considered all available positive and negative evidence, including our ability to carry back operating losses to prior periods, projected future taxable income, tax planning strategies and the reversal of deferred tax liabilities. Based on this analysis, we determined that it was more likely than not that our deferred tax assets will not be realized and continue to believe that it is more likely than not that these assets will not be realized. As such, we evaluated and increased the valuation allowance to approximately $10.3 million at July 31, 2012. Our effective rate is significantly lower than statutory rates due to the valuation allowance. We will reassess the valuation allowance quarterly, and if future evidence allows for a partial or full release of the valuation allowance, a tax benefit will be recorded accordingly.

Store Closures

During the second quarter of fiscal 2012 we did not close any stores; however, we subsequently closed a store in Denton, TX on August 9, 2012, whose lease was expiring.

Use of Non-GAAP Financial Measures

The Company is providing free cash flow, EBITDA and adjusted EBITDA as supplemental non-GAAP financial measures regarding the Company’s operational performance. The Company evaluates its historical and prospective financial performance, and its performance relative to its competitors, by using such non-GAAP financial measures. Specifically, management uses these items to further its own understanding of the Company’s core operating performance, which management believes represents the Company’s performance in the ordinary, ongoing and customary course of its operations. Therefore, management excludes from core operating performance those items, such as those relating to restructuring, investing, stock-based compensation expense and non-cash activities that management does not believe are reflective of such ordinary, ongoing and customary activities.

The Company believes that providing this information to its investors, in addition to the presentation of GAAP financial measures, allows investors to see the Company’s financial results “through the eyes” of management. The Company further believes that providing this information allows investors to both better understand the Company’s financial performance and to evaluate the efficacy of the methodology and information used by management to evaluate and measure such performance.

Free Cash Flow

Management defines free cash flow as net cash provided by (used in) operating activities for the period less purchases of property, equipment and improvements during the period. Purchases of property, equipment and improvements during the period are netted with any proceeds received from insurance on casualty loss that are directly related to the reinvestment of new capital expenditures. The following table reconciles net cash provided by operating activities, a GAAP financial measure, to free cash flow, a non-GAAP financial measure (in thousands):


	Six months ended July 31,
	2012			2011
Net cash provided by (used in) operating activities	$	20,843		$	(4,188	)
Purchase of property, equipment and improvements, net		(3,754	)		(8,239	)

Free cash flow	$	17,089		$	(12,427	)

EBITDA and Adjusted EBITDA

EBITDA is defined as net income (loss) before interest expense (net), income tax expense (benefit), property, equipment and impairments, depreciation expense and amortization. Adjusted EBITDA, as presented herein, is EBITDA excluding gift card breakage revenue, stock-based compensation expense and store asset impairments. The following table reconciles net income (loss), a GAAP financial measure, to EBITDA and adjusted EBITDA, non-GAAP financial measures (in thousands):


	Three months ended July 31,						Six months ended July 31,
	2012			2011			2012			2011
Net loss	$	(3,356	)	$	(4,055	)	$	(2,523	)	$	(3,642	)
Adjusted for
Interest expense, net		292			287			570			489
Income tax expense (benefit)		66			(1,225	)		132			(857	)
Property, equipment and improvements depreciation expense		3,926			4,519			7,707			8,674

EBITDA		928			(474	)		5,886			4,664

Gift card breakage revenue		348			(284	)		206			(430	)
Non-cash stock-based compensation		207			337			371			639

Adjusted EBITDA	$	1,483		$	(421	)	$	6,463		$	4,873

Liquidity and Capital Resources

We generate cash from operations from the sale of merchandise and the rental of products, most of which is received in cash and cash equivalents. Our primary sources of working capital are cash flow from operating activities including trade credit from vendors and borrowings under our revolving credit facility, with the most significant source during the first six months of fiscal 2012 being cash flow from operating activities. Other than our principal capital requirements arising from the purchasing, warehousing and merchandising of inventory and rental products, opening new stores and expanding or reformatting existing stores and updating existing and implementing new information systems technology, we have no anticipated material capital commitments, except for the stock buyback programs discussed more fully in Item 2 of Part II of this Quarterly Report on Form 10-Q. We believe our cash flow

from operations and borrowings under our revolving credit facility will be sufficient to fund our ongoing operations, new stores, store expansions, store reformations and implementation of new information systems technology for the next twelve months.

At July 31, 2012, total outstanding debt was approximately $35.9 million. We project our outstanding debt level will be in the range of $47.0 million to $49.0 million by the end of fiscal 2012. At July 31, 2012, we had approximately $61.0 million in excess availability, after the $10 million availability reserve, under the Amended Agreement (as defined below).

Consolidated Cash Flows

Operating Activities. Net cash provided by operating activities totaled approximately $20.8 million for the six months ended July 31, 2012, compared to cash used by operating activities of $4.2 million for the six months ended July 31, 2011. Net loss for the current period was approximately $2.5 million compared to a net loss of $3.6 million for same period in fiscal 2011. Purchases of rental assets decreased $7.4 million to $4.8 million during the current period from $12.2 million during the same period in fiscal 2011 in anticipation of lower rental revenues. Consequently, rental asset depreciation expense decreased $2.8 million to $3.1 million during the current period from $5.9 million during the same period in fiscal 2011. Merchandise inventories decreased approximately $11.2 million for the current period, compared to an increase of $6.0 million during the same period in fiscal 2011 primarily due to lower anticipated merchandise revenues. Trade accounts payable decreased $0.5 million for the current period compared to an increase of $1.8 million during the same period in fiscal 2011, primarily due to a variance in the timing of payments to vendors. Merchandise inventories, net of trade accounts payable decreased approximately $10.7 million for the current period compared to an increase of $7.7 million for the same period in the prior year primarily due to decrease in store inventories and differences of timing of payments to vendors. Prepaid expenses and other current assets decreased approximately $5.0 million for the current period compared to an increase of $1.0 million during the same period of fiscal 2011 primarily due to the reduction in federal income tax receivable. Accrued expenses and other liabilities increased approximately $1.2 million during the current period compared to a decrease of $0.7 million during the same period in fiscal 2011 primarily due to an increased accrual in bonuses under our corporate officer and management bonus incentive program. For fiscal 2012, we estimate net cash provided by operations of approximately $12.0 to $14.0 million as compared to a net use of cash of approximately $4.5 million in fiscal 2011. The expected increase from fiscal 2011 net cash used in operations to estimated fiscal 2012 net cash provided by operations results primarily from projected changes in various balance sheet accounts, primarily lower inventories and a projected decrease in net loss for fiscal 2012.

Investing Activities. Net cash used in investing activities decreased approximately $4.4 million from $8.2 million for the six months ended July 31, 2011, to $3.8 million for the six months ended July 31, 2012. This decrease was primarily due to decreased expenditures relating to new stores and remodels. For fiscal 2012, we project capital expenditures to be approximately $9.0 million. The planned decrease is primarily due to decreased expenditures related to the opening of new stores and relocation of existing stores.

Financing Activities. Cash provided by or used in financing activities is primarily associated with borrowings and payments made under our revolving credit facility (described below under “Capital Structure”). For the six months ended July 31, 2012, cash used in financing activities was approximately $16.9 million compared to cash provided by financing activities of approximately $13.6 million for the six months ended July 31, 2011. For the current six months, net repayments from our revolving credit facility were approximately $17.4 million compared to net borrowings of approximately $14.2 million for the same period in the prior year. Changes in our cash overdraft position increased from $0.4 million in cash provided for the six months ended July 31, 2011 to cash provided of $0.7 million for the six months ended July 31, 2012, due to the timing of payments issued to vendors during the period. The Company purchased approximately $0.2 million of treasury stock during the six months ended July 31, 2012 compared to $1.0 million during the six months ended July 31, 2011.

On December 4, 2009, we entered into a stock transfer agreement with the Marmaduke Family Limited Partnership (the “Partnership”). Under the stock transfer agreement, for a period of three years following the death of Mr. John

H. Marmaduke, the Company’s President and Chief Executive Officer, the Partnership may tender for purchase to the Company, and, if so tendered, the Company will be required to purchase, the number of shares of the Company’s common stock belonging to the Partnership that equal an aggregate fair market value of $5.0 million. During this three year period, the Partnership may elect to tender portions of such shares in various lots and parcels, at any time and from time to time, and any tender shall not exhaust or limit the Partnership’s right to tender an additional amount of such shares, subject to the limitations set within the stock transfer agreement. Under the stock transfer agreement, the Company is not obligated to purchase, and the Partnership does not have the right to tender, any amount of such shares with an aggregate fair market value in excess of $5.0 million. In the event that Mr. Marmaduke resigns as an officer or director of the Company prior to his death, the Partnership’s right to tender the shares to the Company shall terminate. The stock transfer agreement shall terminate on the earlier of February 9, 2019, or four years after the death of Mr. Marmaduke. The Company is currently the beneficiary of a $10 million key-man life insurance policy on Mr. Marmaduke, a portion of the proceeds of which would be used to complete any purchases of shares resulting from the stock transfer agreement.

Capital Structure. On July 22, 2010, we entered into the Amended and Restated Loan and Security Agreement (as amended, modified or otherwise supplemented from time to time, the “Amended Agreement”) with Bank of America, N.A., as agent, which amended and restated our Loan and Security Agreement dated as of August 29, 2000, as otherwise amended (the “Prior Agreement”), and on July 21, 2011, we entered into an amendment (the “First Amendment”) to the Amended Agreement with Bank of America, N.A (collectively, the “Amended Agreement”). The First Amendment increased the revolving credit facility from $100 million to $115 million increased our borrowing base, lowered our interest rates, and allowed for the payment of dividends, which was previously prohibited under the Amended Agreement. The Amended Agreement is substantially the same as the Prior Agreement, extends the maturity date of the Prior Agreement from August 29, 2011 to July 22, 2014, and provides that we may repurchase up to $10.0 million worth of our common stock. The Amended Agreement also provides that we may repurchase additional shares of our common stock in the event we meet certain criteria set forth in the Amended Agreement. The Amended Agreement includes certain debt and acquisition limitations and requires a minimum availability of 10% of the lesser of (a) the Borrowing Base, and (b) the Revolving Credit Ceiling, provided however that we must also maintain Availability that is greater than or equal to $10 million at all times. Our obligations under the Amended Agreement are secured by a pledge of substantially all of the assets of the Company and our subsidiary and are guaranteed by our subsidiary.

Interest under the Amended Agreement will accrue, at our election, at a Base Rate or Libor Rate, plus, in each case, an Applicable Margin, which is determined by reference to the level of Availability as defined in the Amended Agreement, with the Applicable Margin for Libor Rate loans ranging from 2.00% to 2.50% and the Applicable Margin for Base Rate loans ranging from 1.00% to 1.50%. In addition, unused line fees ranging from 0.30% to 0.375% (determined by reference to the level of usage under the Amended Agreement) are also payable on unused commitments.

At July 31, 2012, we had approximately $61.0 million in excess availability, after the availability reserve, under the Amended Agreement. We expect to have approximately $55.0 million to $57.0 million in excess availability, after the availability reserve and outstanding letters of credit, at January 31, 2013. However, excess availability may be reduced in the future as changes in the borrowing base occur or the lenders increase availability reserves. The average rates of interest incurred for the three months ended July 31, 2012 and 2011 were 2.5% and 2.6%, respectively. The average rates of interest incurred for the six months ended July 31, 2012 and 2011 were 2.5% and

2.6%, respectively. Deferred financing costs that were amortized into interest expense during the three and six months ended July 31, 2012 and 2011 are excluded from the calculation of the average rate of interest for each respective period.

At July 31, 2012, our minimum lease commitments for the remainder of fiscal 2012 were approximately $11.2 million. Total existing minimum operating lease commitments for fiscal years 2012 through 2027 were approximately $142.6 million as of July 31, 2012.

Contractual obligations and off-balance sheet arrangements. We have contractual obligations associated with ongoing business and financing activities, which will result in cash payments in future periods. These obligations include long-term debt, operating leases and certain revenue-sharing agreements. As of July 31, 2012, other than operating leases and standby letters of credit, we had not entered into any off-balance sheet arrangements or third-party guarantees, nor does our business ordinarily require us to do so. At July 31, 2012, there have been no material changes in our contractual obligations or off-balance sheet arrangements from those reported in our Annual Report on Form 10-K for the fiscal year ended January 31, 2012.

Seasonality

As is the case with many retailers, a significant portion of our revenues, and an even greater portion of our operating income, is generated in the fourth fiscal quarter, which includes the holiday selling season. As a result, a substantial portion of our annual earnings has been, and will continue to be, dependent on the results of the fourth quarter. Less than satisfactory net sales for such period could have a material adverse effect on the Company’s financial condition or results of operations for the year and may not be sufficient to cover any losses that may have been incurred in the first three quarters of the year. We experience reduced rental activity in the spring because customers spend more time outdoors. Major world or sporting events, such as the Super Bowl, the Olympic Games and the World Series, also have a temporary adverse effect on revenues. Future operating results may be affected by many factors, including variations in the number and timing of store openings, the number and popularity of new book, music, video and video game titles, as well as the popularity of electronics and trends merchandise, the cost of new release or “best renter” titles, changes in comparable-store revenues, competition, marketing programs, increases in the minimum wage, weather, special or unusual events and other factors that may affect our operations.

ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

In the ordinary course of our business, we are exposed to certain market risks, primarily changes in interest rates. Our exposure to interest rate risk consists of variable rate debt based, at our option, on the lender’s Base Rate or LIBOR, plus a specified percentage. The annual impact on our results of operations of a 100 basis point interest rate change on the July 31, 2012 outstanding balance of the variable rate debt would be approximately $0.4 million. After an assessment of these risks to our operations, we believe that the primary market risk exposures (within the meaning of Regulation S-K Item 305) are not material and are not expected to have any material adverse impact on our financial position, results of operations or cash flows for the next fiscal year.

ITEM 4 – CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

We performed an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rules 13a-15 and 15d-15 promulgated under the Securities Exchange Act of 1934, as amended (“Exchange Act”), as of the end of the period covered by this Quarterly Report on Form 10-Q. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving their

objectives, and, based upon the forgoing evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that our disclosure controls and procedures, as defined by Exchange Act Rules 13a-15(e) and 15d-15(e), were effective as of the end of the period covered by this Quarterly Report on Form 10-Q to provide reasonable assurance that the information required to be disclosed by us in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission and such information is accumulated and communicated to management as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

Management has implemented a process to monitor and assess both the design and operating effectiveness of internal control over financial reporting. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.

There has not been any change in our internal control over financial reporting during our fiscal quarter ended July 31, 2012, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1 – LEGAL PROCEEDINGS.

ITEM 1A – RISK FACTORS.

Our Annual Report on Form 10-K for the fiscal year ended January 31, 2012 includes a detailed discussion of our risk factors. Since that time, there have been no material changes to our risk factors.

ITEM 2 –UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

A summary of our purchases of shares of common stock for the three months ended July 31, 2012 is as follows:

ISSUER PURCHASES OF EQUITY SECURITIES


Period	Total number of shares purchased (1)		Average price paid per share		Total number of shares purchased as part of publicly announced plans or programs		Approximate dollar value of shares that may yet be purchased under the plans or programs (2)
May 1, 2012 through May 31, 2012		—		—		—		N/A
June 1, 2012 through June 30, 2012		9,500		2.07		9,500		N/A
July 1, 2012 through July 31, 2012		—		—		—		N/A

Total		9,500	$	2.07		9,500	$	6,074,885

(1)

All shares were open-market purchases made under a repurchase plan publicly announced in a press release dated September 28, 2001. Our Board of Directors initially authorized the repurchase of up to $5.0 million of our common stock. To date, the Board of Directors has approved the repurchase of up to an additional $32.5 million of our common stock. Each such authorization to increase amounts was publicly announced in a press release. The repurchases satisfied the conditions of the safe harbor of Rule 10b-18 under the Exchange Act.

(2)	A total of 5,436,449 shares have been purchased under the repurchase plan at a total cost of approximately $31.4 million, or approximately $5.78 per share.

ITEM 6 – EXHIBITS.

The following exhibits are filed herewith or incorporated by reference as indicated as required by Item 601 of Regulation S-K. Any exhibits designated by an asterisk are management contracts and/or compensatory plans or arrangement required to be filed as exhibits to this Quarterly Report on Form 10-Q.


Exhibit Number	Description of Documents

3.1	(1)	Third Restated Articles of Incorporation of the Company.

3.2	(2)	Amended and Restated Bylaws of the Company.

4.1	(3)	Specimen of Certificate of Common Stock of the Company.

4.2	(1)	Third Restated Articles of Incorporation of the Company (see 3.1 above).

4.3	(2)	Amended and Restated Bylaws of the Company (see 3.2 above).

31.1	(4)	Principal Executive Officer Certification Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a).

31.2	(4)	Principal Financial Officer Certification Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a).

32.1	(4)	Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS	(5)	XBRL Instance Document

101.SCH	(5)	XBRL Taxonomy Extension Schema

101.CAL	(5)	XBRL Taxonomy Extension Calculation Linkbase

101.DEF	(5)	XBRL Taxonomy Extension Definition Linkbase Document

101.LAB	(5)	XBRL Taxonomy Extension Label Linkbase

101.PRE	(5)	XBRL Taxonomy Extension Presentation Linkbase

(1)	Previously filed as an exhibit to the Company’s Registration Statement on Form S-1, dated March 18,1998 (File No. 333-47969) and with a corresponding exhibit number herein and are incorporated herein by reference.

(2)	Previously filed as Exhibit 3.1 to the Company’s Form 8-K (File No. 000-24381) filed on January 17, 2008 and incorporated herein by reference.

(3)	Previously filed as an exhibit to the Company’s Registration Statement on Form S-1/A, dated May 19,1998 (File No. 333-47969) and with a corresponding exhibit number herein and are incorporated herein by reference.

(4)	Filed herewith.

(5)	In accordance with Regulation S-T, the XBRL-related information in Exhibit No. 101 to this Quarterly Report on Form 10-Q shall be deemed “furnished” and not “filed.”

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized:


						HASTINGS ENTERTAINMENT, INC

Date: September 11, 2012						/s/ Dan Crow
						Dan Crow
						Vice President and Chief Financial Officer
						(Principal Financial and Accounting Officer)

INDEX TO EXHIBITS


Exhibit Number	Description of Documents

3.1	(1)	Third Restated Articles of Incorporation of the Company.

3.2	(2)	Amended and Restated Bylaws of the Company.

4.1	(3)	Specimen of Certificate of Common Stock of the Company.

4.2	(1)	Third Restated Articles of Incorporation of the Company (see 3.1 above).

4.3	(2)	Amended and Restated Bylaws of the Company (see 3.2 above).

31.1	(4)	Principal Executive Officer Certification Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a).

31.2	(4)	Principal Financial Officer Certification Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a).

32.1	(4)	Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS	(5)	XBRL Instance Document

101.SCH	(5)	XBRL Taxonomy Extension Schema

101.CAL	(5)	XBRL Taxonomy Extension Calculation Linkbase

101.DEF	(5)	XBRL Taxonomy Extension definition Linkbase Document

101.LAB	(5)	XBRL Taxonomy Extension Label Linkbase

101.PRE	(5)	XBRL Taxonomy Extension Presentation Linkbase

(1)	Previously filed as an exhibit to the Company’s Registration Statement on Form S-1, dated March 18,1998 (File No. 333-47969) and with a corresponding exhibit number herein and are incorporated herein by reference.

(2)	Previously filed as Exhibit 3.1 to the Company’s Form 8-K (File No. 000-24381) filed on January 17, 2008 and incorporated herein by reference.

(3)	Previously filed as an exhibit to the Company’s Registration Statement on Form S-1/A, dated May 19,1998 (File No. 333-47969) and with a corresponding exhibit number herein and are incorporated herein by reference.

(4)	Filed herewith.

(5)	In accordance with Regulation S-T, the XBRL-related information in Exhibit No. 101 to this Quarterly Report on Form 10-Q shall be deemed “furnished” and not “filed.”

EX-31.1 2 d368772dex311.htm EX-31.1 EX-31.1

Exhibit 31.1

Principal Executive Officer

Certification Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a)

I, John H. Marmaduke, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Hastings Entertainment, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other associates who have a significant role in the registrant’s internal control over financial reporting.

EX-31.2 3 d368772dex312.htm EX-31.2 EX-31.2

Exhibit 31.2

Principal Financial Officer

Certification Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a)

I, Dan Crow, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Hastings Entertainment, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(a)

(b)

(c)

(d)

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

(b)

Any fraud, whether or not material, that involves management or other associates who have a significant role in the registrant’s internal control over financial reporting.

EX-32.1 4 d368772dex321.htm EX-32.1 EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code), each of the undersigned officers of Hastings Entertainment, Inc. (the “Company”), do hereby certify, to such officer’s knowledge, that:

The Quarterly Report on Form 10-Q for the quarter ended July 31, 2012 (the “Form 10-Q”) of the Company fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934 and the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company as of, and for, the periods presented in the Form 10-Q.


Date: September 11, 2012						/s/ John H. Marmaduke
						John H. Marmaduke
						President and Chief Executive Officer
						(Principal Executive Officer)

Date: September 11, 2012						/s/ Dan Crow
						Dan Crow
						Vice President and Chief Financial Officer
						(Principal Financial and Accounting Officer)

The foregoing certification is being furnished as an exhibit to the Form 10-Q pursuant to Item 601(b)(32) of Regulation S-K and Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code) and, accordingly, is not being filed as part of the Form 10-Q for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

A signed original of this written statement required by §906 of the Sarbanes-Oxley Act of 2002 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission, or its staff, upon request.

EX-101.INS 5 hast-20120731.xml XBRL INSTANCE DOCUMENT 0001054579 us-gaap:MinimumMember hast:LiborRateMember 2012-07-31 0001054579 us-gaap:MaximumMember hast:LiborRateMember 2012-07-31 0001054579 us-gaap:MinimumMember hast:BaseRateMember 2012-07-31 0001054579 us-gaap:MaximumMember hast:BaseRateMember 2012-07-31 0001054579 us-gaap:MinimumMember 2012-02-01 2012-07-31 0001054579 us-gaap:MaximumMember 2012-02-01 2012-07-31 0001054579 us-gaap:MinimumMember 2011-02-01 2011-07-31 0001054579 us-gaap:MaximumMember 2011-02-01 2011-07-31 0001054579 2011-07-31 0001054579 2011-01-31 0001054579 us-gaap:CreditCardReceivablesMember 2012-07-31 0001054579 hast:InventoryMember 2012-07-31 0001054579 hast:InventoryMember 2011-12-27 0001054579 2012-05-01 2012-07-31 0001054579 2011-05-01 2011-07-31 0001054579 2011-02-01 2011-07-31 0001054579 2012-01-31 0001054579 2012-07-31 0001054579 2012-02-01 2012-07-31 iso4217:USD xbrli:shares xbrli:pure xbrli:shares iso4217:USD

<table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left">1.</td> <td align="left" valign="top">Basis of Presentation </td> </tr> </table> The accompanying unaudited consolidated financial statements of Hastings Entertainment, Inc. and its subsidiary (“Hastings,” the “Company,” “we,” “our,” or “us”) have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with instructions in Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such principles and regulations of the Securities and Exchange Commission. All adjustments, consisting of normal recurring adjustments, have been made which, in the opinion of management, are necessary for a fair presentation of the results of interim periods. The results of operations for such interim periods are not necessarily indicative of the results that may be expected for a full year because of, among other things, seasonality factors in the retail business. As is the case with many retailers, a significant portion of our revenues, and an even greater portion of our operating earnings, is generated in the fourth fiscal quarter, which includes the holiday selling season. The unaudited consolidated financial statements contained herein should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2012. The balance sheet at January 31, 2012 has been derived from the audited consolidated financial statements at that date but does not include all of the information and notes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2012. Our fiscal year ends on January 31 and is identified as the fiscal year for the immediately preceding calendar year. For example, the fiscal year that will end on January 31, 2013 is referred to as fiscal year 2012.

<table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left">2.</td> <td align="left" valign="top">Stock-Based Compensation </td> </tr> </table> We have various stock incentive plans, which allow us to issue stock options, stock appreciation rights, restricted shares, restricted stock units, performance awards and other awards. Stock-based compensation is discussed more fully in Note 13 to the Audited Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended January 31, 2012. For the three months ended July 31, 2012 and 2011, we recognized approximately $0.2 million and $0.3 million, respectively, of stock-based compensation expense. For the six months ended July 31, 2012 and 2011, we recognized approximately $0.4 million and $0.6 million, respectively, of stock-based compensation expense. These amounts include expense related to incentive stock options, non-qualified stock options, and restricted stock units. As of July 31, 2012, we had 329,479 shares available to grant as stock-based compensation awards under our various stock incentive plans.

<table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left">3.</td> <td align="left" valign="top">Store Closing Reserve </td> </tr> </table> From time to time and in the normal course of business, we evaluate our store base to determine if we need to close a store. Such evaluations include consideration of, among other factors, current and future expected profitability, market trends, age of store and lease status. Amounts in “Accrued expenses and other current liabilities” and “Other liabilities” at July 31, 2012 included accruals for the net present value of future minimum lease payments, net of estimated sublease income, attributable to closed or relocated stores. Expenses related to store closings are included in SG&A expenses in the consolidated statement of operations.   The following table provides a roll-forward of our store closing reserves:   <table cellspacing="0" cellpadding="0" width="68%" border="0" style="border-collapse:collapse; text-align: left" align="center">  <tr> <td width="84%"> </td> <td valign="bottom" width="11%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Store Closing Reserve</td> <td valign="bottom"> </td> </tr>   <tr bgcolor="#cceeff"> <td valign="top"> Balance at January 31, 2012 </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,558</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr> <td valign="top"> Additions to provision </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—  </td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Changes in estimates </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">114</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr> <td valign="top"> Cash outlay, net </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(384</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Balance at July 31, 2012 </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,288</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr>  </table>

<table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left">4.</td> <td align="left" valign="top">Long-term Debt </td> </tr> </table> On July 22, 2010, we entered into the Amended and Restated Loan and Security Agreement with Bank of America, N.A., as agent, which amended and restated our Loan and Security Agreement dated as of August 29, 2000, as otherwise amended (the “Prior Agreement”), and on July 21, 2011, we entered into an amendment (the “First Amendment”) to the Amended Agreement with Bank of America, N.A (collectively, the “Amended Agreement”). The First Amendment increased the revolving credit facility from $100 million to $115 million, increased our borrowing base, lowered our interest rates, and allowed for the payment of dividends, which was previously prohibited under the Amended Agreement. The Amended Agreement is substantially the same as the Prior Agreement, extends the maturity date of the Prior Agreement from August 29, 2011 to July 22, 2014, and provides that we may repurchase up to $10.0 million worth of our common stock. The Amended Agreement also provides that we may repurchase additional shares of our common stock in the event we meet certain criteria set forth in the Amended Agreement. The Amended Agreement includes certain debt and acquisition limitations and requires a minimum availability of 10% of the lesser of (a) the Borrowing Base, and (b) the Revolving Credit Ceiling, provided however that we must also maintain Availability (each term as defined in the Amended Agreement) that is greater than or equal to $10 million at all times. Our obligations under the Amended Agreement are secured by a pledge of substantially all of the assets of the Company and our subsidiary and are guaranteed by our subsidiary. The amount outstanding under the Amended Agreement is limited by a borrowing base predicated on the sum of (a) 85% of Eligible Credit Card Receivables plus (b) either (i) at all times during the year, other than those stated in (ii), 90% of the liquidation value of eligible inventory or (ii) from September 1st through and including December 27th of each year, 92.5% of the liquidation value of eligible inventory, less (c) Availability Reserves (each term as defined in the Amended Agreement), and is limited to a ceiling of $115 million, less a minimum availability reserve that is greater than or equal to 10% of the lesser of (a) the Borrowing Base, and (b) the Revolving Credit Ceiling, provided however that we must also maintain Availability that is greater than or equal to $10 million at all times. The lender may increase specifically defined reserves to reduce availability in the event of adverse changes in our industry or our financial condition that are projected to impact the value of our assets pledged as collateral. The lender must exercise reasonable judgment and act in good faith with respect to any changes in the specifically defined reserves. Interest under the Amended Agreement will accrue, at our election, at a Base Rate or Libor Rate, plus, in each case, an Applicable Margin, which is determined by reference to the level of Availability as defined in the Amended Agreement, with the Applicable Margin for Libor Rate loans ranging from 2.00% to 2.50% and the Applicable Margin for Base Rate loans ranging from 1.00% to 1.50% (each term as defined in the Amended Agreement). In addition, unused line fees ranging from 0.30% to 0.375% (determined by reference to the level of usage under the Amended Agreement) are also payable on unused commitments. We utilize standby letters of credit to support certain insurance policies. The aggregate amount of the letters of credit at July 31, 2012, was approximately $0.9 million, which reduces the excess availability under the Amended Agreement.   At July 31, 2012, we had approximately $61.0 million in excess availability, after the availability reserve, under the Amended Agreement. The average rates of interest incurred for the three months ended July 31, 2012 and 2011 were 2.5% and 2.6%, respectively. The average rates of interest incurred for the six months ended July 31, 2012 and 2011 were 2.5% and 2.6%, respectively. Deferred financing costs that were amortized into interest expense during the three and six months ended July 31, 2012 are excluded from the calculation of the average rate of interest for each respective period.

<table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left">5.</td> <td align="left" valign="top">Income per Share </td> </tr> </table> The computations for basic and diluted income per share are as follows:   <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center">  <tr> <td width="68%"> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="6" align="center">Three Months Ended July 31,</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="6" align="center">Six Months Ended July 31,</td> <td valign="bottom"> </td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2012</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2011</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2012</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2011</td> <td valign="bottom"> </td> </tr>   <tr bgcolor="#cceeff"> <td valign="top"> Net loss </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,356</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(4,055</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(2,523</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,642</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr> <td valign="top"> Average shares outstanding: </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Basic </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,214</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,600</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,238</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,655</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr> <td valign="top"> Effect of stock awards </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—  </td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—  </td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—  </td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—  </td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Diluted </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,214</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,600</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,238</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,655</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr> <td valign="top"> Loss per share: </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Basic </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.41</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.47</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.31</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.42</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr> <td valign="top"> Diluted </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.41</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.47</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.31</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.42</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr>  </table> The following options to purchase shares of common stock were not included in the computation of diluted income per share because their inclusion would have been antidilutive:   <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center">  <tr> <td width="52%"> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> <td valign="bottom" width="2%"> </td> <td> </td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="3" align="center">Three Months Ended July 31,</td> <td valign="bottom"> </td> <td valign="bottom" colspan="3" align="center">Six Months Ended July 31,</td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="center" style="border-bottom:1px solid #000000">2012</td> <td valign="bottom"> </td> <td valign="bottom" align="center" style="border-bottom:1px solid #000000">2011</td> <td valign="bottom"> </td> <td valign="bottom" align="center" style="border-bottom:1px solid #000000">2012</td> <td valign="bottom"> </td> <td valign="bottom" align="center" style="border-bottom:1px solid #000000">2011</td> </tr>   <tr bgcolor="#cceeff"> <td valign="top"> Shares of common stock underlying options </td> <td valign="bottom"> </td> <td valign="bottom" align="center">537</td> <td valign="bottom"> </td> <td valign="bottom" align="center">783</td> <td valign="bottom"> </td> <td valign="bottom" align="center">537</td> <td valign="bottom"> </td> <td valign="bottom" align="center">783</td> </tr> <tr> <td height="8"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> <td height="8" colspan="2"> </td> </tr> <tr> <td valign="top"> Exercise price range per share </td> <td valign="bottom"> </td> <td valign="bottom" align="center">$2.06 to $9.67</td> <td valign="bottom"> </td> <td valign="bottom" align="center">$1.69 to $8.70</td> <td valign="bottom"> </td> <td valign="bottom" align="center">$2.06 to $9.67</td> <td valign="bottom"> </td> <td valign="bottom" align="center">$1.69 to $8.70</td> </tr>  </table>

<table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left">6.</td> <td align="left" valign="top">Fair Value Measurements </td> </tr> </table> We account for certain assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The hierarchy below lists three levels of fair value based on the extent to which inputs used in measuring fair value are observable in the market. These levels are:   <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="5%"> </td> <td width="2%" valign="top" align="left">•</td> <td width="1%" valign="top"> </td> <td align="left" valign="top"> Level 1 – Observable inputs – quoted prices in active markets for identical assets and liabilities; </td> </tr> </table>   <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="5%"> </td> <td width="2%" valign="top" align="left">•</td> <td width="1%" valign="top"> </td> <td align="left" valign="top"> Level 2 – Observable inputs other than the quoted prices in active markets for identical assets and liabilities – includes quoted prices for similar instruments, quoted prices for identical or similar instruments in inactive markets, and amounts derived from valuation models where all significant inputs are observable in active markets; and </td> </tr> </table>   <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="5%"> </td> <td width="2%" valign="top" align="left">•</td> <td width="1%" valign="top"> </td> <td align="left" valign="top"> Level 3 – Unobservable inputs – includes amounts derived from valuation models where one or more significant inputs are unobservable and require us to develop relevant assumptions. </td> </tr> </table>   At July 31, 2012 and January 31, 2012, we had approximately $1.7 million and $1.6 million, respectively, in assets which are carried at fair value on a recurring basis. These assets, which are reflected in Other Assets in the consolidated balance sheets, consist of available-for-sale investments related to our non-qualified supplemental executive retirement plan (“SERP”). The fair value of these investments was determined using Level 1 inputs. Our long-term debt approximates fair value as of both July 31, 2012 and January 31, 2012, due to the instrument bearing interest at variable rates that are comparable to what is currently available to us. We entered into the First Amendment with Bank of America, N.A. on July 21, 2011, at which time our current interest rates were determined. See Note 4 on Debt for a more detailed discussion of the Amended Agreement.

<table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left">7.</td> <td align="left" valign="top">Income Taxes </td> </tr> </table> The effective tax rate for the three months ended July 31, 2012 was (2.0%) primarily due to Texas state income tax expense, which is based primarily on gross margin. The effective tax rate for the six months ended July 31, 2012 was (5.5%) primarily due to Texas state income tax expense, which is based primarily on gross margin. During the fourth quarter of fiscal 2011 we established a valuation allowance. A valuation allowance is required if it is more likely than not that a deferred tax asset will not be realized. In assessing the need for a valuation allowance, we considered all available positive and negative evidence, including our ability to carry back operating losses to prior periods, projected future taxable income, tax planning strategies and the reversal of deferred tax liabilities. Based on this analysis, we determined that it was more likely than not that our deferred tax assets will not be realized and continue to believe that it is more likely than not that these assets will not be realized. As such, we evaluated and increased the valuation allowance to approximately $10.3 million at July 31, 2012. Our effective rate is significantly lower than statutory rates due to the valuation allowance. We will reassess the valuation allowance quarterly, and if future evidence allows for a partial or full release of the valuation allowance, a tax benefit will be recorded accordingly.

<table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left">8.</td> <td align="left" valign="top">Litigation and Contingencies </td> </tr> </table> We are involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on our financial position, results of operations or cash flows.

<table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left">9.</td> <td align="left" valign="top">Recent Accounting Pronouncements </td> </tr> </table> In May 2011, the FASB issued ASU 2011-04, “Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (“IFRSs”).” Under ASU 2011-04, the guidance amends certain accounting and disclosure requirements related to fair value measurements to ensure that fair value has the same meaning in U.S. GAAP and in IFRS and that their respective fair value measurement and disclosure requirements are the same. ASU 2011-04 is effective for public entities during interim and annual periods beginning after December 15, 2011. Early adoption is not permitted. The Company adopted the new ASU 2011-04 disclosure requirements in the first quarter of fiscal 2012 with no material impact on the Company’s results of operation and financial condition.

In May 2011, the FASB issued ASU 2011-04, “Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (“IFRSs”).” Under ASU 2011-04, the guidance amends certain accounting and disclosure requirements related to fair value measurements to ensure that fair value has the same meaning in U.S. GAAP and in IFRS and that their respective fair value measurement and disclosure requirements are the same. ASU 2011-04 is effective for public entities during interim and annual periods beginning after December 15, 2011. Early adoption is not permitted. The Company adopted the new ASU 2011-04 disclosure requirements in the first quarter of fiscal 2012 with no material impact on the Company’s results of operation and financial condition.

<table cellspacing="0" cellpadding="0" width="68%" border="0" style="border-collapse:collapse; text-align: left" align="center">  <tr> <td width="84%"> </td> <td valign="bottom" width="11%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">Store Closing Reserve</td> <td valign="bottom"> </td> </tr>   <tr bgcolor="#cceeff"> <td valign="top"> Balance at January 31, 2012 </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,558</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr> <td valign="top"> Additions to provision </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—  </td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Changes in estimates </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">114</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr> <td valign="top"> Cash outlay, net </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">(384</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Balance at July 31, 2012 </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,288</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr>  </table>

<table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center">  <tr> <td width="68%"> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="3%"> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="6" align="center">Three Months Ended July 31,</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="6" align="center">Six Months Ended July 31,</td> <td valign="bottom"> </td> </tr> <tr> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2012</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2011</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2012</td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000">2011</td> <td valign="bottom"> </td> </tr>   <tr bgcolor="#cceeff"> <td valign="top"> Net loss </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,356</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(4,055</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(2,523</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(3,642</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr> <td valign="top"> Average shares outstanding: </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Basic </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,214</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,600</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,238</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,655</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr> <td valign="top"> Effect of stock awards </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—  </td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—  </td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—  </td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">—  </td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Diluted </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,214</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,600</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,238</td> <td nowrap="nowrap" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" align="right">8,655</td> <td nowrap="nowrap" valign="bottom"> </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr> <td valign="top"> Loss per share: </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Basic </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.41</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.47</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.31</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.42</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr> <tr> <td valign="top"> Diluted </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.41</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.47</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.31</td> <td nowrap="nowrap" valign="bottom">) </td> <td valign="bottom"> </td> <td valign="bottom">$</td> <td valign="bottom" align="right">(0.42</td> <td nowrap="nowrap" valign="bottom">) </td> </tr> <tr style="font-size:1px"> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> <td valign="bottom"> </td> <td valign="bottom">   </td> <td valign="bottom">   </td> <td> </td> </tr>  </table>

false --01-31 Q2 2012 2012-07-31 10-Q 0001054579 8218863 Smaller Reporting Company HASTINGS ENTERTAINMENT INC 20978000 18342000 61000000 0.026 0.026 0.025 0.025 0.925 0.90 0.85 59000 93000 872000 363000 0.10 -12163000 -4835000 5923000 3069000 12634000 10618000 14171000 6886000 10553000 5038000 36951000 17423000 30913000 15087000 10000000

51268000

51499000

26150000

27339000

215525000

221176000

118000

154000

36231000

36490000

600000

300000

400000

200000

783000

537000

225474000

206757000

170767000

158254000

1600000

1700000

6149000

7277000

4172000

4397000

1128000

225000

0.01

75000000

11944544

8292147

8218863

119000

-3632000

-4085000

-2501000

-3376000

136009000

63889000

126579000

59050000

150180000

70775000

137132000

64088000

42000

47000

1025000

5000

8674000

7707000

-0.42

-0.47

-0.31

-0.41

-0.42

-0.47

-0.31

-0.41

-0.055

-0.020

15000

244000

84492000

39760000

82408000

39965000

-4499000

-5280000

-2391000

-3290000

-857000

-1225000

132000

66000

1750000

-505000

-685000

1189000

5988000

-11191000

-377000

246000

385000

736000

1014000

-4964000

489000

287000

570000

292000

151366000

143592000

900000

225474000

206757000

77418000

78838000

2014-07-22

115000000

100000000

2011-08-29

115000000

0.00375

0.0030

0.0150

0.0100

0.0250

0.0200

53279000

35893000

13555000

-16864000

-8239000

-3754000

-4188000

20843000

-3642000

-4055000

-2523000

-3356000

-4147000

-5111000

-1917000

-3070000

2380000

2237000

18000

-49000

36000

-33000

10000

-30000

22000

-20000

8000

-19000

14000

-13000

18000

-49000

36000

-33000

8677000

8251000

137000

118000

96000

72000

979000

214000

68000

8239000

3754000

0.01

5000000

212000

154000

15229000

10265000

265053000

205596000

13000

39449000

35404000

250864000

222982000

2558000

2288000

114000

-384000

71010000

68487000

430000

284000

-206000

-348000

234672000

110535000

219540000

104053000

197291000

92828000

188833000

89314000

88427000

44717000

84325000

43035000

639000

371000

329479

1.69

2.06

8.70

9.67

86058000

83728000

10000000

3652397

3725681

21420000

21522000

10300000

8655000

8600000

8238000

8214000

8655000

8600000

8238000

8214000

EX-101.SCH 6 hast-20120731.xsd XBRL TAXONOMY EXTENSION SCHEMA 0130 - Statement - Consolidated Statements of Comprehensive Loss (Unaudited) link:presentationLink link:calculationLink link:definitionLink 0409 - Disclosure - Recent Accounting Pronouncements (Policies) link:presentationLink link:calculationLink link:definitionLink 0604 - Disclosure - Long-term Debt (Details) link:presentationLink link:calculationLink link:definitionLink 0607 - Disclosure - Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 0606 - Disclosure - Fair Value Measurements (Details) link:presentationLink link:calculationLink link:definitionLink 06051 - Disclosure - Income per Share (Details 1) link:presentationLink link:calculationLink link:definitionLink 0505 - Disclosure - Income per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 0605 - Disclosure - Income per Share (Details) link:presentationLink link:calculationLink link:definitionLink 0603 - Disclosure - Store Closing Reserve (Details) link:presentationLink link:calculationLink link:definitionLink 0503 - Disclosure - Store Closing Reserve (Tables) link:presentationLink link:calculationLink link:definitionLink 0602 - Disclosure - Stock Based Compensation (Details) link:presentationLink link:calculationLink link:definitionLink 00 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 0110 - Statement - Consolidated Balance Sheets link:presentationLink link:definitionLink link:calculationLink 0111 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 0120 - Statement - Consolidated Statements of Operations (Unaudited) link:presentationLink link:definitionLink link:calculationLink 0140 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:definitionLink link:calculationLink 0201 - Disclosure - Basis of Presentation link:presentationLink link:definitionLink link:calculationLink 0202 - Disclosure - Stock-Based Compensation link:presentationLink link:definitionLink link:calculationLink 0203 - Disclosure - Store Closing Reserve link:presentationLink link:definitionLink link:calculationLink 0204 - Disclosure - Long-term Debt link:presentationLink link:definitionLink link:calculationLink 0205 - Disclosure - Income per Share link:presentationLink link:definitionLink link:calculationLink 0206 - Disclosure - Fair Value Measurements link:presentationLink link:definitionLink link:calculationLink 0207 - Disclosure - Income Taxes link:presentationLink link:definitionLink link:calculationLink 0208 - Disclosure - Litigation and Contingencies link:presentationLink link:definitionLink link:calculationLink 0209 - Disclosure - Recent Accounting Pronouncements link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 7 hast-20120731_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 8 hast-20120731_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 9 hast-20120731_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document and Entity Information [Abstract] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Document Fiscal Year Focus Document Fiscal Period Focus Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Consolidated Balance Sheets [Abstract] Assets Assets [Abstract] Current assets: Assets, Current [Abstract] Cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Cash and Cash Equivalents, at Carrying Value Merchandise inventories, net Inventory, Net Prepaid expenses and other current assets Prepaid Expense and Other Assets, Current Total current assets Assets, Current, Total Rental Assets Rental assets, net of accumulated depreciation of $18,342 and $20,978 at July 31, 2012 and January 31, 2012, respectively Rental assets, net of accumulated depreciation. Property, equipment and improvements, net of accumulated depreciation of $221,176 and $215,525 at July 31, 2012 and January 31, 2012, respectively Property, Plant and Equipment, Net Intangible assets, net Goodwill Other assets Other Assets, Noncurrent Total Assets Assets, Total Liabilities and Shareholders' Equity Liabilities and Equity [Abstract] Current liabilities: Liabilities, Current [Abstract] Trade accounts payable Accounts Payable, Trade, Current Accrued expenses and other current liabilities Accrued Liabilities, Current Total current liabilities Liabilities, Current, Total Other liabilities Other Liabilities, Noncurrent Shareholders' equity: Stockholders' Equity Attributable to Parent [Abstract] Preferred stock, $.01 par value; 5,000,000 shares authorized; none issued Preferred Stock, Value, Issued Common stock, $.01 par value; 75,000,000 shares authorized; 11,944,544 shares issued and 8,218,863 shares outstanding at July 31, 2012; 11,944,544 shares issued and 8,292,147 shares outstanding at January 31, 2012 Common Stock, Value, Issued Additional paid-in capital Additional Paid in Capital, Common Stock Retained earnings Retained Earnings (Accumulated Deficit) Accumulated other comprehensive income Accumulated Other Comprehensive Income (Loss), Net of Tax Treasury stock, at cost 3,725,681 shares and 3,652,397 shares at July 31, 2012 and January 31, 2012, respectively Treasury Stock, Value Total Shareholders' Equity Stockholders' Equity Attributable to Parent, Total Total Liabilities and Shareholders' Equity Liabilities and Equity, Total Accumulated Depreciation Rental Assets Accumulated depreciation of rental assets Accumulated depreciation of rental assets. Accumulated depreciation of property, equipment and improvements Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Preferred stock, par value Preferred Stock, Par or Stated Value Per Share Preferred stock, shares authorized Preferred Stock, Shares Authorized Preferred stock, shares issued Preferred Stock, Shares Issued Common stock, par value Common Stock, Par or Stated Value Per Share Common stock, shares authorized Common Stock, Shares Authorized Common stock, shares issued Common Stock, Shares, Issued Common stock, shares outstanding Common Stock, Shares, Outstanding Treasury stock, shares Treasury Stock, Shares Consolidated Statements of Operations [Abstract] Merchandise revenue Sales Revenue, Goods, Net Rental Revenue Rental revenue Rental revenue. Gift card breakage revenue Revenue Recognition, Gift Cards, Breakage Total revenues Revenues, Total Merchandise cost of revenue Cost of Goods Sold Rental Cost of Revenue Rental cost of revenue Rental cost of revenue. Total cost of revenues Cost of Revenue, Total Gross profit Gross Profit Selling, general and administrative expenses Selling, General and Administrative Expense Pre-opening expenses Pre-Opening Costs Operating Income (Loss) Operating loss Other income (expense): Nonoperating Income (Expense) [Abstract] Interest Expense Interest expense Other, net Other Nonoperating Income (Expense) Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest Loss before income taxes Income tax expense (benefit) Income Tax Expense (Benefit) Net Income (Loss) Attributable to Parent Net loss Net loss Earnings Per Share, Basic Basic Basic loss per share Earnings Per Share, Diluted Diluted Diluted loss per share Weighted-average common shares outstanding: Weighted Average Number of Shares Outstanding, Diluted [Abstract] Basic Weighted Average Number of Shares Outstanding, Basic Dilutive effect of stock awards Effect of stock awards Weighted Average Number Diluted Shares Outstanding Adjustment Diluted Weighted Average Number of Shares Outstanding, Diluted Consolidated Statements of Cash Flows [Abstract] Cash flows from operating activities: Net Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Rental Asset Depreciation Expense Rental asset depreciation expense Rental asset depreciation expense. Purchases of Rental Assets Purchases of rental assets Purchases of rental assets. Property, equipment and improvements depreciation expense Depreciation Deferred income taxes Deferred Income Tax Expense (Benefit) Loss on Rental Assets Lost Stolen and Defective Loss on rental assets lost, stolen and defective Loss on rental assets lost, stolen and defective. Loss on Disposal or Impairment of Property and Equipment Loss on disposal or impairment of property and equipment, excluding rental assets Loss on disposal or impairment of property and equipment, excluding rental assets. Non-cash stock-based compensation Share-based Compensation Changes in operating assets and liabilities: Increase (Decrease) in Operating Capital [Abstract] Merchandise inventories Increase (Decrease) in Inventories Prepaid expenses and other current assets Increase (Decrease) in Prepaid Expense and Other Assets Trade accounts payable Increase (Decrease) in Accounts Payable, Trade Accrued expenses and other current liabilities Increase (Decrease) in Accrued Liabilities Other assets and liabilities, net Increase (Decrease) in Other Operating Assets and Liabilities, Net Net cash provided by (used in) operating activities Net Cash Provided by (Used in) Operating Activities Cash flows from investing activities: Net Cash Provided by (Used in) Investing Activities [Abstract] Purchases of property, equipment and improvements Payments to Acquire Property, Plant, and Equipment Net cash used in investing activities Net Cash Provided by (Used in) Investing Activities Cash flows from financing activities: Net Cash Provided by (Used in) Financing Activities [Abstract] Borrowings under revolving credit facility Proceeds from Lines of Credit Repayments of Lines of Credit Repayments under revolving credit facility Payments for Repurchase of Common Stock Purchase of treasury stock Change in cash overdraft Increase (Decrease) in Outstanding Checks, Financing Activities Net cash provided by (used in) financing activities Net Cash Provided by (Used in) Financing Activities Net increase in cash and cash equivalents Cash and Cash Equivalents, Period Increase (Decrease) Basis of Presentation [Abstract] Basis of Presentation Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Stock-Based Compensation [Abstract] Stock-Based Compensation Disclosure of Compensation Related Costs, Share-based Payments [Text Block] Store Closing Reserve [Abstract] Store Closing Reserve [Text Block] Store Closing Reserve Store closing reserve. Long-term Debt [Abstract] Long-term Debt Long-term Debt [Text Block] Income per Share [Abstract] Income per Share Earnings Per Share [Text Block] Fair Value Measurements [Abstract] Fair Value Measurements Fair Value Disclosures [Text Block] Income Taxes [Abstract] Income Taxes Income Tax Disclosure [Text Block] Litigation and Contingencies [Abstract] Litigation and Contingencies Commitments and Contingencies Disclosure [Text Block] Recent Accounting Pronouncements [Abstract] Recent Accounting Pronouncements Accounting Changes and Error Corrections [Text Block] Summary of roll-forward for store closing reserve Schedule of Restructuring and Related Costs [Table Text Block] Computations for basic and diluted income per share Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block] Options to purchase shares of common stock not included in computation of diluted income per share Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] Stock Based Compensation (Textual) [Abstract] Stock-Based Compensation (Textual) [Abstract] Stock based compensation. Stock-based compensation expense Allocated Share-based Compensation Expense Shares available to grant as stock-based compensation awards Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant Summary of roll-forward for store closing reserve Restructuring Reserve [Roll Forward] Restructuring Reserve Balance at July 31, 2012 Balance at January 31, 2012 Additions to provision Restructuring Charges Changes in estimates Restructuring Reserve, Period Increase (Decrease) Cash outlay, net Restructuring Reserve, Settled with Cash Line of Credit Facility [Table] Receivable Type [Axis] Receivable Type [Domain] Credit Card Receivables plus [Member] Credit Card Receivable [Member] Inventory [Member] Inventory [Member] Inventory. Loans Rate [Axis] Loans rate. Loans Rate [Domain] Loans rate. Libor Rate [Member] Libor Rate loans ranging [Member] Libor rate. Base Rate [Member] Base Rate loans ranging [Member] Base rate. Range [Axis] Range [Domain] Maximum [Member] Maximum [Member] Minimum [Member] Minimum [Member] Line of Credit Facility [Line Items] Long-Term Debt (Textual) [Abstract] Long-term Debt (Textual) [Abstract] Long-term debt. Line of Credit Facility, Increase (Decrease) for Period, Net Revolving credit facility Line of Credit Facility Percentage Amount Outstanding The amount outstanding under the Amended Agreement is limited by a borrowing base Line of credit facility percentage amount outstanding. Loans Receivable, Basis Spread on Variable Rate Applicable Margin for loans ranging rate Line of Credit Facility, Unused Capacity, Commitment Fee Percentage Unused line fees ranging Line of Credit Facility Average Rates of Interest Average rates of interest Line of credit facility average rates of interest. Long-Term Debt (Additional Textual) [Abstract] Long-term Debt (Additional Textual) [Abstract] Long-term debt. Line of Credit Facility, Initiation Date Prior maturity date Line of Credit Facility, Expiration Date Maturity date Stock Repurchase Program, Authorized Amount Repurchase of common stock Minimum Availability of Line of Credit for Debt and Acquisition Minimum available reserve percentage Minimum availability of line of credit for debt and acquisition. Revolving Credit Ceiling Greater or Equal Absolute minimum reserve Revolving credit ceiling greater or equal. Line of Credit Facility, Maximum Amount Outstanding During Period Maximum limit to the line of credit facility Letters of Credit Outstanding, Amount Aggregate amount of the letters of credit Earnings Per Share, Basic and Diluted [Abstract] Computations for basic and diluted income per share Average shares outstanding: Weighted Average Number of Shares Outstanding Reconciliation [Abstract] Loss per share: Earnings Per Share Reconciliation [Abstract] Options to Purchase Shares of Common Stock Not Included in Computation of Diluted Income Per Share [Abstract] Options to purchase shares of common stock not included in computation of diluted income per share Options to purchase shares of common stock not included in computation of diluted income per share. Shares of common stock underlying options Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Exercise price range per share, lower limit Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit Exercise price range per share, upper limit Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit Fair Value Measurements (Textual) [Abstract] Fair Value Measurements (Textual) [Abstract] Fair value measurements. Fair value of assets on recurring basis Assets, Fair Value Disclosure, Recurring Income Taxes (Textual) [Abstract] Income Taxes (Textual) [Abstract] Income taxes. Valuation allowance Valuation Allowance, Amount Payments of Financing Costs Deferred financing costs paid Proceeds from Stock Options Exercised Proceeds from exercise of stock options Excess Tax Benefit (Tax Deficiency) from Share-based Compensation, Financing Activities Excess tax benefit from stock-based compensation Excess Tax Benefit (Tax Deficiency) from Share-based Compensation, Operating Activities Excess tax benefit from stock-based compensation Deferred Income Taxes and Other Liabilities, Noncurrent Deferred Income Taxes Excess Availability of Line of Credit Excess availability of line of credit Excess availability of line of credit. Effective Income Tax Rate, Continuing Operations Effective tax rate Long-term Line of Credit, Noncurrent Long term debt Consolidated Statements of Comprehensive Loss [Abstract] Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent [Abstract] Other comprehensive income (loss) before income taxes Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, before Tax Unrealized gains (losses) in investments available for sale in Supplemental Executive Retirement Plan Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent Other comprehensive income (loss), before income taxes Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent Income taxes related to components of other comprehensive income Comprehensive Income (Loss), Net of Tax, Attributable to Parent Comprehensive loss Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent Other comprehensive income (loss), net of income taxes Fair Value Measurement, Policy [Policy Text Block] Fair Value Measurement EX-101.PRE 10 hast-20120731_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 R25.htm IDEA: XBRL DOCUMENT

Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	6 Months Ended
	Jul. 31, 2012	Jul. 31, 2012
Income Taxes (Textual) [Abstract]
Effective tax rate	(2.00%)	(5.50%)
Valuation allowance	$ 10.3	$ 10.3

- Definition

A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations.

+ References+ Details

- Definition

The amount of the valuation allowance recorded as of the balance sheet date pertaining to the specified deferred tax asset for which an assessment was made that it is more likely than not that all or a portion of such deferred tax asset will not be realized through related deductions on future tax returns.

+ References+ Details

XML 13 R9.htm IDEA: XBRL DOCUMENT

Store Closing Reserve

6 Months Ended

Jul. 31, 2012

Store Closing Reserve [Abstract]

Store Closing Reserve

3.	Store Closing Reserve

The following table provides a roll-forward of our store closing reserves:


	Store Closing Reserve
Balance at January 31, 2012	$	2,558
Additions to provision		—
Changes in estimates		114
Cash outlay, net		(384	)

Balance at July 31, 2012	$	2,288

EXCEL 14 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%]F.68S.30P,U\T8S)E7S1D,V%?.&8V.5]D-#-B M8V4P8V8X.#0B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I7;W)K#I7;W)K M#I%>&-E;%=O#I. M86UE/@T*("`@(#QX.E=O#I% M>&-E;%=O&5S/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T M4V]U#I%>&-E;%=O#I. M86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E)E8V5N=%]!8V-O=6YT:6YG7U!R;VYO=6YC96UE;C$\ M+W@Z3F%M93X-"B`@("`\>#I7;W)K#I%>&-E;%=O#I7;W)K#I7;W)K#I. M86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I. M86UE/DEN8V]M95]P97)?4VAA#I.86UE/@T*("`@(#QX M.E=O#I%>&-E;%=O M#I.86UE/DEN8V]M95]P97)?4VAA#I%>&-E;%=O#I%>&-E;%=O&5S7T1E=&%I;',\+W@Z M3F%M93X-"B`@("`\>#I7;W)K#I3='EL97-H965T($A2968] M,T0B5V]R:W-H965T&-E;"!84"!O3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%]F.68S.30P,U\T8S)E7S1D,V%?.&8V.5]D-#-B M8V4P8V8X.#0-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO9CEF,SDT M,#-?-&,R95\T9#-A7SAF-CE?9#0S8F-E,&-F.#@T+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R2!);F9O'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^,C`Q,CQS<&%N/CPO'0^43(\2!&:6QE3PO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^4VUA;&QE3QS<&%N/CPO'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6%B;&4\+W1D/@T*("`@("`@("`\=&0@ M8VQA'!E;G-E'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2`S,2P@,C`Q,CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M2!S=&]C:RP@870@8V]S="`S+#3PO=&0^#0H@("`@("`@(#QT M9"!C;&%S3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2P@97%U:7!M96YT(&%N9"!I;7!R;W9E;65N=',\ M+W1D/@T*("`@("`@("`\=&0@8VQA7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'!E;G-E*3H\+W-T M7!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@ M/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E M>'0O:'1M;#L@8VAA&5S/"]S=')O;F<^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&5X=#X\&5C M=71I=F4@4F5T:7)E;65N="!0;&%N/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$;G5M/B@S,RD\'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2`H=7-E9"!I;BD@;W!E&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XU/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S2`H=7-E9"!I;BD@;W!E2P@97%U:7!M96YT(&%N9"!I;7!R;W9E;65N=',\ M+W1D/@T*("`@("`@("`\=&0@8VQA3PO=&0^#0H@("`@ M("`@(#QT9"!C;&%S&5R8VES92!O9B!S=&]C:R!O M<'1I;VYS/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\"!B96YE9FET(&9R;VT@3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]F.68S.30P,U\T M8S)E7S1D,V%?.&8V.5]D-#-B8V4P8V8X.#0-"D-O;G1E;G0M3&]C871I;VXZ M(&9I;&4Z+R\O0SHO9CEF,SDT,#-?-&,R95\T9#-A7SAF-CE?9#0S8F-E,&-F M.#@T+U=O'0O:'1M;#L@8VAA'0^/"$M+41/0U19 M4$4@:'1M;"!054),24,@(BTO+U&AT;6PQ+T141"]X M:'1M;#$M=')A;G-I=&EO;F%L+F1T9"(@+2T^#0H@("`\(2TM($)E9VEN($)L M;V-K(%1A9V=E9"!.;W1E(#$@+2!U3IT:6UEF4],T0R/CPO9F]N=#X-"B`@(#QF M;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V)O3IT:6UEF4],T0R/CQB/C$N/"]B/CPO9F]N=#X\+W1D/B`-"B`@ M(#QT9"!A;&EG;CTS1&QE9G0@=F%L:6=N/3-$=&]P/CQF;VYT('-T>6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@#MM M87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT M:6UEF4],T0R/E1H92!A8V-O;7!A;GEI;F<@=6YA M=61I=&5D(&-O;G-O;&ED871E9"!F:6YA;F-I86P@2PF(S@R,C$[("8C.#(R,#MW92PF(S@R,C$[("8C.#(R,#MO=7(L)B,X M,C(Q.R!O2!B92!E>'!E M8W1E9"!F;W(@82!F=6QL('EE87(@8F5C875S92!O9BP@86UO;F<@;W1H97(@ M=&AI;F=S+"!S96%S;VYA;&ET>2!F86-T;W)S(&EN('1H92!R971A:6P@8G5S M:6YE2!R971A:6QE65A3IT:6UEF4],T0R/@T*("`@5&AE(&)A;&%N8V4@28C,38P.S,Q+"`R,#$R(&AA65A&%M<&QE+"!T:&4-"B`@(&9I28C,38P.S,Q+"`R,#$S(&ES(')E9F5R7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$&AT;6PQ+71R86YS:71I;VYA M;"YD=&0B("TM/@T*("`@/"$M+2!"96=I;B!";&]C:R!486=G960@3F]T92`R M("T@=7,M9V%A<#I$:7-C;&]S=7)E3V9#;VUP96YS871I;VY296QA=&5D0V]S M='-3:&%R94)A'0M86QI9VXZ M(&QE9G0G(&)O3IT:6UEF4],T0R/CQB/E-T;V-K+4)A6QE/3-$;6%R9VEN+71O<#HV<'@[;6%R9VEN+6)O='1O;3HP<'@^/&9O;G0@ M28C,38P.S,Q+"`R,#$R+@T*("`@/"]F;VYT/CPO<#X-"B`@(#QP M('-T>6QE/3-$;6%R9VEN+71O<#HQ,G!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@28C,38P.S,Q M+"`R,#$R(&%N9"`R,#$Q+"!W92!R96-O9VYI>F5D(&%P<')O>&EM871E;'D@ M)#`N,B!M:6QL:6]N(&%N9"`D,"XS(&UI;&QI;VXL(')E2P@ M;V8-"B`@('-T;V-K+6)A'!E;G-E+B!&;W(@ M=&AE('-I>"!M;VYT:',@96YD960@2G5L>28C,38P.S,Q+"`R,#$R(&%N9"`R M,#$Q+"!W92!R96-O9VYI>F5D(&%P<')O>&EM871E;'D@)#`N-"!M:6QL:6]N M(&%N9"`D,"XV(&UI;&QI;VXL(')E2P@;V8@'!E;G-E(')E;&%T960@=&\@:6YC96YT:79E#0H@("!S=&]C:R!O<'1I M;VYS+"!N;VXM<75A;&EF:65D('-T;V-K(&]P=&EO;G,L(&%N9"!R97-TF4Z M,3AP>#MM87)G:6XM=&]P.C!P>#MM87)G:6XM8F]T=&]M.C!P>#XF(S$V,#L\ M+W`^#0H\'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'1";&]C:RTM/@T*("`@/'1A8FQE('-T>6QE/3-$)V)O M3IT:6UEF4],T0R/CQB/C,N/"]B/CPO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!A;&EG;CTS1&QE9G0@=F%L:6=N/3-$=&]P/CQF;VYT M('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT M+69A;6EL>3IT:6UEF4],T0R/D9R;VT@=&EM92!T M;R!T:6UE(&%N9"!I;B!T:&4@;F]R;6%L(&-O=7)S92!O9B!B=7-I;F5S2P@ M;6%R:V5T('1R96YD#MM M87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT M:6UEF4],T0R/@T*("`@06UO=6YT'!E;G-E28C,38P.S,Q+"`R,#$R(&EN8VQU9&5D(&%C8W)U86QS(&9O M'!E;G-E6QE/3-$9F]N="US:7IE.C%P>#MM87)G:6XM=&]P.C$R<'@[;6%R M9VEN+6)O='1O;3HP<'@^)B,Q-C`[/"]P/@T*("`@/'`@#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F M;VYT+69A;6EL>3IT:6UEF4],T0R/E1H92!F;VQL M;W=I;F<@=&%B;&4@<')O=FED97,@80T*("`@F4Z,3)P>#MM87)G:6XM=&]P.C!P>#MM87)G:6XM M8F]T=&]M.C!P>#XF(S$V,#L\+W`^#0H@("`\=&%B;&4@8V5L;'-P86-I;F<] M,T0P(&-E;&QP861D:6YG/3-$,"!W:61T:#TS1#8X)2!B;W)D97(],T0P('-T M>6QE/3-$)V)OF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX] M,T1B;W1T;VT@8V]L2`M+3X-"B`@(#QT M3IT:6UEF4],T0R/D)A;&%N8V4@870@2F%N=6%R>28C,38P.S,Q M+"`R,#$R/"]F;VYT/CPO<#X-"B`@(#PO=&0^(`T*("`@/'1D('9A;&EG;CTS M1&)O='1O;3X\9F]N="!S:7IE/3-$,3XF(S$V,#L\+V9O;G0^/"]T9#X@#0H@ M("`\=&0@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0R M/C(L-34X/"]F;VYT/CPO=&0^(`T*("`@/'1D(&YO=W)A<#TS1&YO=W)A<"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@'0M:6YD96YT.BTQ M+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F M;VYT+69A;6EL>3IT:6UEF4],T0R/B8C.#(Q,CLF M(S$V,#LF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D M/@T*("`@/"]T6QE/3-$)VUA3IT:6UEF4],T0R/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R M:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C$Q-#PO9F]N=#X\+W1D/B`-"B`@(#QT9"!N;W=R87`] M,T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-T>6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT M:6UEF4],T0R/D-AF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT^/&9O;G0@'0M:6YD96YT.BTQ+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@3IT:6UEF4],T0R/B8C,38P.SPO M9F]N=#X\+W1D/@T*("`@/"]TF4Z,7!X/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^)B,Q-C`[/"]T9#X@ M#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D M('9A;&EG;CTS1&)O='1O;3X-"B`@(#QP('-T>6QE/3-$)V)O7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0M86QI9VXZ(&QE9G0G(&)O3IT:6UEF4],T0R/CQB/DQO;F#MM87)G:6XM8F]T=&]M.C!P M>#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/D]N($IU;'DF(S$V,#LR,BP@,C`Q,"P@=V4@96YT97)E9"!I M;G1O('1H92!!;65N9&5D(&%N9"!297-T871E9"!,;V%N(&%N9"!396-U2!!9W)E96UE;G0@=VET:"!"86YK(&]F($%M97)I8V$L($XN02XL(&%S(&%G M96YT+"!W:&EC:`T*("`@86UE;F1E9"!A;F0@2!T:&4@'1E;F1S('1H92!M871U2!D871E(&]F M('1H92!028C,38P.S(R+"`R,#$T+"!A;F0@<')O=FED97,@=&AA M="!W92!M87D@2!O9B`Q,"4@;V8@ M=&AE(&QE2!A;F0@87)E(&=U M87)A;G1E960@8GD@;W5R('-U8G-I9&EA6QE/3-$)V9O;G0M9F%M:6QY M.G1I;65S(&YE=R!R;VUA;B<@2!O6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/B!T:')O=6=H(&%N9`T*("`@:6YC;'5D:6YG($1E8V5M8F5R)B,Q M-C`[,C<\+V9O;G0^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@65A2!I;F-R96%S92!S<&5C:69I8V%L;'D@9&5F:6YE9`T*("`@2!I;B!T:&4@979E;G0@;V8@ M861V97)S92!C:&%N9V5S(&EN(&]U2!O2!D969I;F5D(')E2!R969E6%B;&4@;VX@ M=6YU2!U;F1E6QE/3-$;6%R9VEN+71O<#HP M<'@[;6%R9VEN+6)O='1O;3HP<'@^/&9O;G0@2`D-C$N,"!M:6QL:6]N M(&EN(&5X8V5S"!M M;VYT:',@96YD960@2G5L>28C,38P.S,Q+"`R,#$R(&%N9"`R,#$Q('=E&-L=61E9"!FF4Z,3AP>#MM87)G:6XM=&]P.C!P>#MM87)G:6XM M8F]T=&]M.C!P>#XF(S$V,#L\+W`^#0H\'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA M'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'1";&]C:RTM/@T*("`@/'1A8FQE('-T>6QE/3-$ M)V)O3IT:6UEF4],T0R/CQB/C4N/"]B/CPO9F]N M=#X\+W1D/B`-"B`@(#QT9"!A;&EG;CTS1&QE9G0@=F%L:6=N/3-$=&]P/CQF M;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$;6%R9VEN+71O M<#HV<'@[;6%R9VEN+6)O='1O;3HP<'@^/&9O;G0@F4Z,3)P>#MM87)G:6XM=&]P.C!P>#MM87)G:6XM8F]T=&]M.C!P>#XF M(S$V,#L\+W`^#0H@("`\=&%B;&4@8V5L;'-P86-I;F<],T0P(&-E;&QP861D M:6YG/3-$,"!W:61T:#TS1#DR)2!B;W)D97(],T0P('-T>6QE/3-$)V)OF4],T0Q M/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^ M/&9O;G0@3IT:6UEF4] M,T0Q/CQB/E1H6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0Q/CQB/C(P,3(\+V(^/"]F;VYT M/CPO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$ M,3XF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M M/CQF;VYT('-I>F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT@8V]L6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P M.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@ M"!S;VQI9"`C,#`P,#`P)SX\9F]N="!S='EL93TS M1"=F;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB/C(P M,3$\+V(^/"]F;VYT/CPO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3X\ M9F]N="!S:7IE/3-$,3XF(S$V,#L\+V9O;G0^/"]T9#X-"B`@(#PO='(^#0H@ M("`\(2TM($5N9"!486)L92!(96%D("TM/@T*("`@/"$M+2!"96=I;B!486)L M92!";V1Y("TM/@T*("`@/'1R(&)G8V]L;W(],T0C8V-E969F/B`-"B`@(#QT M9"!V86QI9VX],T1T;W`^#0H@("`\<"!S='EL93TS1"=M87)G:6XM;&5F=#HQ M+C`P96T[('1E>'0M:6YD96YT.BTQ+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/B@T+#`U-3PO9F]N=#X\+W1D/B`-"B`@(#QT9"!N;W=R87`] M,T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-T>6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T M=&]M(&%L:6=N/3-$3IT:6UEF4] M,T0R/BDF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T M=&]M/CQF;VYT('-I>F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT M9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V)O6QE/3-$)V)O M6QE/3-$)V)O6QE/3-$)V)O6QE/3-$)VUAF4],T0Q/B8C,38P M.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^)B,Q-C`[ M/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T* M("`@/'1D('9A;&EG;CTS1&)O='1O;3XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX] M,T1B;W1T;VT^)B,Q-C`[/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M M/B8C,38P.SPO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3XF(S$V,#L\ M+W1D/@T*("`@/"]T6QE/3-$)VUA3IT M:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`- M"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N="!S M='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R M/C@L,C$T/"]F;VYT/CPO=&0^(`T*("`@/'1D(&YO=W)A<#TS1&YO=W)A<"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@F4],T0Q/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R M:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C@L-C4U/"]F;VYT/CPO=&0^(`T*("`@/'1D(&YO=W)A M<#TS1&YO=W)A<"!V86QI9VX],T1B;W1T;VT^/&9O;G0@'0M:6YD96YT.BTQ+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY M.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N M="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4] M,T0R/B8C.#(Q,CLF(S$V,#LF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@ M;F]W3IT:6UEF4],T0R/B8C,38P M.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@ M3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F M;VYT+69A;6EL>3IT:6UEF4],T0R/B8C.#(Q,CLF M(S$V,#LF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4] M,T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT M:6UEF4],T0R/B8C.#(Q,CLF(S$V,#LF(S$V,#L\ M+V9O;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R M:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/B8C.#(Q,CLF(S$V,#LF(S$V,#L\+V9O;G0^/"]T9#X@ M#0H@("`\=&0@;F]W3IT:6UEF4] M,T0R/B8C,38P.SPO9F]N=#X\+W1D/@T*("`@/"]TF4Z,7!X/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^ M)B,Q-C`[/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO M=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3X-"B`@(#QP('-T>6QE/3-$ M)V)O6QE M/3-$)V)O"!S;VQI9"`C,#`P M,#`P)SXF(S$V,#L\+W`^#0H@("`\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT^#0H@("`\<"!S='EL93TS1"=B;W)D97(M=&]P.C%P>"!S;VQI9"`C M,#`P,#`P)SXF(S$V,#L\+W`^#0H@("`\+W1D/B`-"B`@(#QT9#XF(S$V,#L\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^)B,Q-C`[/"]T9#X@#0H@ M("`\=&0@=F%L:6=N/3-$8F]T=&]M/@T*("`@/'`@6QE/3-$)V)O6QE/3-$)V)O3IT:6UEF4],T0R/D1I;'5T960\+V9O M;G0^/"]P/@T*("`@/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/CQF M;VYT('-I>F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@3IT:6UEF4],T0R/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F;VYT M+69A;6EL>3IT:6UEF4],T0R/C@L,C,X/"]F;VYT M/CPO=&0^(`T*("`@/'1D(&YO=W)A<#TS1&YO=W)A<"!V86QI9VX],T1B;W1T M;VT^/&9O;G0@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`- M"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V)O6QE/3-$)V)O6QE/3-$)V)O6QE M/3-$)V)O6QE/3-$ M)VUAF4],T0Q/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^)B,Q-C`[/"]T M9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@ M/'1D('9A;&EG;CTS1&)O='1O;3XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT^/&9O;G0@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT^)B,Q-C`[/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C M,38P.SPO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3XF(S$V,#L\+W1D M/@T*("`@/"]T6QE/3-$)VUA3IT:6UE MF4],T0R/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@ M=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@3IT:6UEF4],T0R/B0\+V9O;G0^ M/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M M(&%L:6=N/3-$6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UE MF4],T0R/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@ M=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$)V)O6QE/3-$)V)O6QE/3-$)V)O6QE/3-$)V)O'0M:6YD96YT.BTQ+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UE MF4],T0R/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@ M=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@3IT:6UEF4],T0R/B0\+V9O;G0^ M/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M M(&%L:6=N/3-$6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UE MF4],T0R/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@ M=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$)V)O6QE/3-$)V)O6QE/3-$)V)O6QE/3-$)V)O3IT:6UEF4],T0R/E1H92!F;VQL M;W=I;F<@;W!T:6]N6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4] M,T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT@86QI9VX],T1C96YT97(@3IT:6UEF4],T0Q/CQB/C(P,3$\+V(^/"]F;VYT/CPO=&0^(`T*("`@ M/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$,3XF(S$V,#L\+V9O M;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$8V5N M=&5R('-T>6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ MF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1C96YT97(@6QE/3-$)VUA3IT:6UEF4],T0R/C4S-SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/C3IT:6UEF4],T0R/C4S-SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/C3IT:6UEF4],T0R/D5X97)C:7-E('!R:6-E(')A;F=E('!E3IT:6UEF4],T0R/B0R+C`V)B,Q-C`[ M=&\F(S$V,#LD.2XV-SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B0Q M+C8Y)B,Q-C`[=&\F(S$V,#LD."XW,#PO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B0R+C`V)B,Q-C`[=&\F(S$V,#LD.2XV-SPO9F]N=#X\+W1D/B`- M"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B0Q+C8Y)B,Q-C`[=&\F(S$V,#LD."XW,#PO9F]N M=#X\+W1D/@T*("`@/"]T6QE/3-$9F]N="US:7IE.C$X<'@[ M;6%R9VEN+71O<#HP<'@[;6%R9VEN+6)O='1O;3HP<'@^)B,Q-C`[/"]P/@T* M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^ M#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%]F.68S M.30P,U\T8S)E7S1D,V%?.&8V.5]D-#-B8V4P8V8X.#0-"D-O;G1E;G0M3&]C M871I;VXZ(&9I;&4Z+R\O0SHO9CEF,SDT,#-?-&,R95\T9#-A7SAF-CE?9#0S M8F-E,&-F.#@T+U=O'0O:'1M;#L@8VAA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+41/0U194$4@:'1M;"!054),24,@(BTO+U&AT;6PQ+T141"]X:'1M;#$M=')A;G-I=&EO;F%L+F1T9"(@+2T^#0H@("`\ M(2TM($)E9VEN($)L;V-K(%1A9V=E9"!.;W1E(#8@+2!U6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$ M;6%R9VEN+71O<#HV<'@[;6%R9VEN+6)O='1O;3HP<'@^/&9O;G0@2!T6QE/3-$9F]N="US M:7IE.C9P>#MM87)G:6XM=&]P.C!P>#MM87)G:6XM8F]T=&]M.C!P>#XF(S$V M,#L\+W`^#0H@("`\=&%B;&4@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/DQE=F5L(#$@ M)B,X,C$Q.R!/8G-EF4Z-G!X.VUA M'0M86QI9VXZ(&QE9G0G(&)OF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D M/B`-"B`@(#QT9"!W:61T:#TS1#(E('9A;&EG;CTS1'1O<"!A;&EG;CTS1&QE M9G0^/&9O;G0@F4],T0Q/B8C,38P.SPO9F]N M=#X\+W1D/B`-"B`@(#QT9"!A;&EG;CTS1&QE9G0@=F%L:6=N/3-$=&]P/@T* M("`@/'`@86QI9VX],T1L969T/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY M.G1I;65S(&YE=R!R;VUA;B<@F4Z-G!X.VUA'0M86QI9VXZ(&QE9G0G(&)OF4],T0Q/B8C,38P M.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!W:61T:#TS1#(E('9A;&EG;CTS1'1O M<"!A;&EG;CTS1&QE9G0^/&9O;G0@F4],T0Q M/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!A;&EG;CTS1&QE9G0@=F%L M:6=N/3-$=&]P/@T*("`@/'`@86QI9VX],T1L969T/CQF;VYT('-T>6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$9F]N="US:7IE.C%P>#MM87)G M:6XM=&]P.C$R<'@[;6%R9VEN+6)O='1O;3HP<'@^)B,Q-C`[/"]P/@T*("`@ M/'`@#MM87)G:6XM8F]T=&]M.C!P>#X\ M9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/D%T($IU;'DF(S$V,#LS,2P@,C`Q,B!A;F0-"B`@($IA;G5A&EM871E;'D@)#$N-R!M:6QL M:6]N(&%N9"`D,2XV(&UI;&QI;VXL(')E2P@:6X@87-S971S M('=H:6-H(&%R92!C87)R:65D(&%T(&9A:7(@=F%L=64@;VX@82!R96-UF4Z M,3AP>#MM87)G:6XM=&]P.C!P>#MM87)G:6XM8F]T=&]M.C!P>#XF(S$V,#L\ M+W`^#0H\'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA&5S/&)R M/CPO&5S(%M!8G-T&5S/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$=&5X=#X\(2TM1$]#5%E012!H=&UL(%!50DQ)0R`B M+2\O5S-#+R]$5$0@6$A434P@,2XP(%1R86YS:71I;VYA;"\O14XB(")H='1P M.B\O=W=W+G'1";&]C:RTM/@T* M("`@/'1A8FQE('-T>6QE/3-$)V)O3IT:6UEF4] M,T0R/CQB/C6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@&5S(#PO8CX\ M+V9O;G0^/"]T9#X-"B`@(#PO='(^#0H@("`\+W1A8FQE/@T*("`@/'`@#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S M='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R M/E1H92!E9F9E8W1I=F4@=&%X(')A=&4@9F]R('1H92!T:')E92!M;VYT:',@ M96YD960@2G5L>28C,38P.S,Q+"`R,#$R('=A&%S('-T871E(&EN8V]M92!T87@@97AP96YS92P- M"B`@('=H:6-H(&ES(&)A2!O;B!G#MM M87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT M:6UEF4],T0R/E1H92!E9F9E8W1I=F4@=&%X(')A M=&4@9F]R('1H92!S:7@@;6]N=&AS(&5N9&5D($IU;'DF(S$V,#LS,2P@,C`Q M,B!W87,@*#4N-24I)B,Q-C`[<')I;6%R:6QY(&1U92!T;PT*("`@5&5X87,@ M"!E>'!E;G-E+"!W:&EC:"!IF5D+B!);B!A&%B;&4@:6YC;VUE+"!T87@@<&QA;FYI;F<-"B`@('-T M2`D,3`N,R!M M:6QL:6]N(&%T($IU;'DF(S$V,#LS,2P@,C`Q,BX@3W5R(&5F9F5C=&EV92!R M871E(&ES('-I9VYI9FEC86YT;'D@;&]W97(@=&AA;B!S=&%T=71O"!B96YE9FET('=I;&P@8F4@ XML 15 R8.htm IDEA: XBRL DOCUMENT

Stock-Based Compensation

6 Months Ended

Jul. 31, 2012

Stock-Based Compensation [Abstract]

Stock-Based Compensation

2.	Stock-Based Compensation

As of July 31, 2012, we had 329,479 shares available to grant as stock-based compensation awards under our various stock incentive plans.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 14

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 50

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 93-6

-Paragraph 53

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 40

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 123R

-Paragraph 64, 65, A240

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

+ Details

XML 16 R2.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jul. 31, 2012	Jan. 31, 2012
Current assets:
Cash and cash equivalents	$ 4,397	$ 4,172
Merchandise inventories, net	143,592	151,366
Prepaid expenses and other current assets	10,265	15,229
Total current assets	158,254	170,767
Rental assets, net of accumulated depreciation of $18,342 and $20,978 at July 31, 2012 and January 31, 2012, respectively	10,618	12,634
Property, equipment and improvements, net of accumulated depreciation of $221,176 and $215,525 at July 31, 2012 and January 31, 2012, respectively	35,404	39,449
Intangible assets, net	244	244
Other assets	2,237	2,380
Total Assets	206,757	225,474
Current liabilities:
Trade accounts payable	51,499	51,268
Accrued expenses and other current liabilities	27,339	26,150
Total current liabilities	78,838	77,418
Long term debt	35,893	53,279
Deferred Income Taxes	47	42
Other liabilities	8,251	8,677
Shareholders' equity:
Preferred stock, $.01 par value; 5,000,000 shares authorized; none issued
Common stock, $.01 par value; 75,000,000 shares authorized; 11,944,544 shares issued and 8,218,863 shares outstanding at July 31, 2012; 11,944,544 shares issued and 8,292,147 shares outstanding at January 31, 2012	119	119
Additional paid-in capital	36,490	36,231
Retained earnings	68,487	71,010
Accumulated other comprehensive income	154	118
Treasury stock, at cost 3,725,681 shares and 3,652,397 shares at July 31, 2012 and January 31, 2012, respectively	(21,522)	(21,420)
Total Shareholders' Equity	83,728	86,058
Total Liabilities and Shareholders' Equity	$ 206,757	$ 225,474

XML 17 R6.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jul. 31, 2012	Jul. 31, 2011
Cash flows from operating activities:
Net loss	$ (2,523)	$ (3,642)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Rental asset depreciation expense	3,069	5,923
Purchases of rental assets	(4,835)	(12,163)
Property, equipment and improvements depreciation expense	7,707	8,674
Deferred income taxes	5	1,025
Loss on rental assets lost, stolen and defective	363	872
Loss on disposal or impairment of property and equipment, excluding rental assets	93	59
Non-cash stock-based compensation	371	639
Changes in operating assets and liabilities:
Merchandise inventories	11,191	(5,988)
Prepaid expenses and other current assets	4,964	(1,014)
Trade accounts payable	(505)	1,750
Accrued expenses and other current liabilities	1,189	(685)
Excess tax benefit from stock-based compensation		(15)
Other assets and liabilities, net	(246)	377
Net cash provided by (used in) operating activities	20,843	(4,188)
Cash flows from investing activities:
Purchases of property, equipment and improvements	(3,754)	(8,239)
Net cash used in investing activities	(3,754)	(8,239)
Cash flows from financing activities:
Borrowings under revolving credit facility	205,596	265,053
Repayments under revolving credit facility	(222,982)	(250,864)
Purchase of treasury stock	(214)	(979)
Change in cash overdraft	736	385
Deferred financing costs paid		(68)
Proceeds from exercise of stock options		13
Excess tax benefit from stock-based compensation		15
Net cash provided by (used in) financing activities	(16,864)	13,555
Net increase in cash and cash equivalents	225	1,128
Cash and cash equivalents at beginning of period	4,172	6,149
Cash and cash equivalents at end of period	$ 4,397	$ 7,277

XML 18 R22.htm IDEA: XBRL DOCUMENT

Income per Share (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011
Computations for basic and diluted income per share
Net loss	$ (3,356)	$ (4,055)	$ (2,523)	$ (3,642)
Average shares outstanding:
Basic	8,214	8,600	8,238	8,655
Effect of stock awards
Diluted	8,214	8,600	8,238	8,655
Loss per share:
Basic	$ (0.41)	$ (0.47)	$ (0.31)	$ (0.42)
Diluted	$ (0.41)	$ (0.47)	$ (0.31)	$ (0.42)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 21

-Article 9

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 36, 37, 38

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-04.23)

-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.21)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 07-4

-Paragraph 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 55

-Paragraph 52

-URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 18

-Article 7

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 20

-Article 5

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=6519514

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 10, 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=6518256

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 87-21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28, 29, 30

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph A7

-Appendix A

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.

+ References+ Details

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References+ Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 8

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 07-4

-Paragraph 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 171

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Weighted-Average Number of Common Shares Outstanding

-URI http://asc.fasb.org/extlink&oid=6528421

+ Details

XML 19 R24.htm IDEA: XBRL DOCUMENT

Fair Value Measurements (Details) (USD $) In Millions, unless otherwise specified	Jul. 31, 2012	Jan. 31, 2012
Fair Value Measurements (Textual) [Abstract]
Fair value of assets on recurring basis	$ 1.7	$ 1.6

XML 20 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'

'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'

'+ "\n"+' '+ "\n"+'

'+ "\n"+'

'+raw+'

'+ "\n"+'

'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } } XML 21 R7.htm IDEA: XBRL DOCUMENT

Basis of Presentation

6 Months Ended

Jul. 31, 2012

Basis of Presentation [Abstract]

Basis of Presentation

1.	Basis of Presentation

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 852

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2209116

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2122150

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7668296&loc=d3e288-107754

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2134480

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 720

-SubTopic 15

-URI http://asc.fasb.org/subtopic&trid=2122524

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS140-4/FIN46(R)-8

-Paragraph 8, C1, C7

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-URI http://asc.fasb.org/subtopic&trid=2197480

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 94-6

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 46R

-Paragraph 4, 14, 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 272

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=7880789&loc=SL6228881-111685

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 2-6

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684

Reference 16: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 915

-SubTopic 235

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6472506&loc=d3e38932-110933

+ Details

XML 22 R3.htm IDEA: XBRL DOCUMENT

Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Jul. 31, 2012	Jan. 31, 2012
Consolidated Balance Sheets [Abstract]
Accumulated depreciation of rental assets	$ 18,342	$ 20,978
Accumulated depreciation of property, equipment and improvements	$ 221,176	$ 215,525
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	11,944,544	11,944,544
Common stock, shares outstanding	8,218,863	8,292,147
Treasury stock, shares	3,725,681	3,652,397

XML 23 R17.htm IDEA: XBRL DOCUMENT

Store Closing Reserve (Tables)

6 Months Ended

Jul. 31, 2012

Store Closing Reserve [Abstract]

Summary of roll-forward for store closing reserve


	Store Closing Reserve
Balance at January 31, 2012	$	2,558
Additions to provision		—
Changes in estimates		114
Cash outlay, net		(384	)

Balance at July 31, 2012	$	2,288

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details

XML 24 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information	6 Months Ended
Document and Entity Information	Jul. 31, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	HASTINGS ENTERTAINMENT INC
Entity Central Index Key	0001054579
Document Type	10-Q
Document Period End Date	Jul. 31, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--01-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	8,218,863

XML 25 R18.htm IDEA: XBRL DOCUMENT

Income per Share (Tables)

6 Months Ended

Jul. 31, 2012

Income per Share [Abstract]

Computations for basic and diluted income per share


	Three Months Ended July 31,						Six Months Ended July 31,
	2012			2011			2012			2011
Net loss	$	(3,356	)	$	(4,055	)	$	(2,523	)	$	(3,642	)

Average shares outstanding:
Basic		8,214			8,600			8,238			8,655
Effect of stock awards		—			—			—			—

Diluted		8,214			8,600			8,238			8,655

Loss per share:
Basic	$	(0.41	)	$	(0.47	)	$	(0.31	)	$	(0.42	)

Diluted	$	(0.41	)	$	(0.47	)	$	(0.31	)	$	(0.42	)

Options to purchase shares of common stock not included in computation of diluted income per share


	Three Months Ended July 31,		Six Months Ended July 31,
	2012	2011	2012	2011
Shares of common stock underlying options	537	783	537	783

Exercise price range per share	$2.06 to $9.67	$1.69 to $8.70	$2.06 to $9.67	$1.69 to $8.70

XML 26 R4.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011
Consolidated Statements of Operations [Abstract]
Merchandise revenue	$ 89,314	$ 92,828	$ 188,833	$ 197,291
Rental revenue	15,087	17,423	30,913	36,951
Gift card breakage revenue	(348)	284	(206)	430
Total revenues	104,053	110,535	219,540	234,672
Merchandise cost of revenue	59,050	63,889	126,579	136,009
Rental cost of revenue	5,038	6,886	10,553	14,171
Total cost of revenues	64,088	70,775	137,132	150,180
Gross profit	39,965	39,760	82,408	84,492
Selling, general and administrative expenses	43,035	44,717	84,325	88,427
Pre-opening expenses		154		212
Operating loss	(3,070)	(5,111)	(1,917)	(4,147)
Other income (expense):
Interest expense	(292)	(287)	(570)	(489)
Other, net	72	118	96	137
Loss before income taxes	(3,290)	(5,280)	(2,391)	(4,499)
Income tax expense (benefit)	66	(1,225)	132	(857)
Net loss	$ (3,356)	$ (4,055)	$ (2,523)	$ (3,642)
Basic loss per share	$ (0.41)	$ (0.47)	$ (0.31)	$ (0.42)
Diluted loss per share	$ (0.41)	$ (0.47)	$ (0.31)	$ (0.42)
Weighted-average common shares outstanding:
Basic	8,214	8,600	8,238	8,655
Dilutive effect of stock awards
Diluted	8,214	8,600	8,238	8,655

XML 27 R12.htm IDEA: XBRL DOCUMENT

Fair Value Measurements

6 Months Ended

Jul. 31, 2012

Fair Value Measurements [Abstract]

Fair Value Measurements

6.	Fair Value Measurements

•

Level 1 – Observable inputs – quoted prices in active markets for identical assets and liabilities;

•

Level 3 – Unobservable inputs – includes amounts derived from valuation models where one or more significant inputs are unobservable and require us to develop relevant assumptions.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 16

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13504-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15C, 15D

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44A, 44B

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15A

-Subparagraph a-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 3, 10, 14, 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 17-22, 27, 28

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 21

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15B

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32, 33, 34

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

+ Details

XML 28 R11.htm IDEA: XBRL DOCUMENT

Income per Share

6 Months Ended

Jul. 31, 2012

Income per Share [Abstract]

Income per Share

5.	Income per Share

The computations for basic and diluted income per share are as follows:


	Three Months Ended July 31,						Six Months Ended July 31,
	2012			2011			2012			2011
Net loss	$	(3,356	)	$	(4,055	)	$	(2,523	)	$	(3,642	)

Average shares outstanding:
Basic		8,214			8,600			8,238			8,655
Effect of stock awards		—			—			—			—

Diluted		8,214			8,600			8,238			8,655

Loss per share:
Basic	$	(0.41	)	$	(0.47	)	$	(0.31	)	$	(0.42	)

Diluted	$	(0.41	)	$	(0.47	)	$	(0.31	)	$	(0.42	)

The following options to purchase shares of common stock were not included in the computation of diluted income per share because their inclusion would have been antidilutive:


	Three Months Ended July 31,		Six Months Ended July 31,
	2012	2011	2012	2011
Shares of common stock underlying options	537	783	537	783

Exercise price range per share	$2.06 to $9.67	$1.69 to $8.70	$2.06 to $9.67	$1.69 to $8.70

- Definition

The entire disclosure for earnings per share.

+ References+ Details

XML 29 R23.htm IDEA: XBRL DOCUMENT

Income per Share (Details 1) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011
Options to purchase shares of common stock not included in computation of diluted income per share
Shares of common stock underlying options	537	783	537	783
Exercise price range per share, lower limit	$ 2.06	$ 1.69	$ 2.06	$ 1.69
Exercise price range per share, upper limit	$ 9.67	$ 8.70	$ 9.67	$ 8.70

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 07-4

-Paragraph 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Diluted Earnings Per Share

-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Contingent Stock Agreement

-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Antidilution

-URI http://asc.fasb.org/extlink&oid=6505113

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 171

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 13, 14

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

XML 30 R19.htm IDEA: XBRL DOCUMENT

Stock Based Compensation (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011
Stock-Based Compensation (Textual) [Abstract]
Stock-based compensation expense	$ 0.2	$ 0.3	$ 0.4	$ 0.6
Shares available to grant as stock-based compensation awards	329,479		329,479

- Definition

Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.

+ References+ Details

XML 31 R15.htm IDEA: XBRL DOCUMENT

Recent Accounting Pronouncements

6 Months Ended

Jul. 31, 2012

Recent Accounting Pronouncements [Abstract]

Recent Accounting Pronouncements

9.	Recent Accounting Pronouncements

- Definition

The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.

+ References+ Details

XML 32 R13.htm IDEA: XBRL DOCUMENT

Income Taxes

6 Months Ended

Jul. 31, 2012

Income Taxes [Abstract]

Income Taxes

7.	Income Taxes

The effective tax rate for the three months ended July 31, 2012 was (2.0%) primarily due to Texas state income tax expense, which is based primarily on gross margin.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 136, 172

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 43, 44, 45, 46, 47, 48, 49

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

XML 33 R14.htm IDEA: XBRL DOCUMENT

Litigation and Contingencies

6 Months Ended

Jul. 31, 2012

Litigation and Contingencies [Abstract]

Litigation and Contingencies

8.	Litigation and Contingencies

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 450

-SubTopic 20

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 14

-Paragraph 3

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 440

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.25)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 5

-Paragraph 9, 10, 11, 12

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

XML 34 R16.htm IDEA: XBRL DOCUMENT

Recent Accounting Pronouncements (Policies)	6 Months Ended
Recent Accounting Pronouncements (Policies)	Jul. 31, 2012
Recent Accounting Pronouncements [Abstract]
Fair Value Measurement	In May 2011, the FASB issued ASU 2011-04, “Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (“IFRSs”).” Under ASU 2011-04, the guidance amends certain accounting and disclosure requirements related to fair value measurements to ensure that fair value has the same meaning in U.S. GAAP and in IFRS and that their respective fair value measurement and disclosure requirements are the same. ASU 2011-04 is effective for public entities during interim and annual periods beginning after December 15, 2011. Early adoption is not permitted. The Company adopted the new ASU 2011-04 disclosure requirements in the first quarter of fiscal 2012 with no material impact on the Company’s results of operation and financial condition.

XML 35 R21.htm IDEA: XBRL DOCUMENT

Long-term Debt (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012 Maximum [Member]	Jul. 31, 2011 Maximum [Member]	Jul. 31, 2012 Minimum [Member]	Jul. 31, 2011 Minimum [Member]	Jul. 31, 2012 Libor Rate loans ranging [Member] Maximum [Member]	Jul. 31, 2012 Libor Rate loans ranging [Member] Minimum [Member]	Jul. 31, 2012 Base Rate loans ranging [Member] Maximum [Member]	Jul. 31, 2012 Base Rate loans ranging [Member] Minimum [Member]	Jul. 31, 2012 Credit Card Receivables plus [Member]	Jul. 31, 2012 Inventory [Member]	Dec. 27, 2011 Inventory [Member]
Long-term Debt (Textual) [Abstract]
Revolving credit facility						$ 115		$ 100
The amount outstanding under the Amended Agreement is limited by a borrowing base													85.00%	90.00%	92.50%
Applicable Margin for loans ranging rate									2.50%	2.00%	1.50%	1.00%
Unused line fees ranging					0.375%		0.30%
Average rates of interest	2.50%	2.60%	2.50%	2.60%
Long-term Debt (Additional Textual) [Abstract]
Prior maturity date			Aug. 29, 2011
Maturity date			Jul. 22, 2014
Repurchase of common stock			10.0
Minimum available reserve percentage			10.00%
Absolute minimum reserve			10
Maximum limit to the line of credit facility			115
Aggregate amount of the letters of credit	0.9		0.9
Excess availability of line of credit	$ 61.0		$ 61.0

XML 36 R5.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Comprehensive Loss (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012	Jul. 31, 2011
Consolidated Statements of Comprehensive Loss [Abstract]
Net loss	$ (3,356)	$ (4,055)	$ (2,523)	$ (3,642)
Other comprehensive income (loss) before income taxes
Unrealized gains (losses) in investments available for sale in Supplemental Executive Retirement Plan	(33)	(49)	36	18
Other comprehensive income (loss), before income taxes	(33)	(49)	36	18
Income taxes related to components of other comprehensive income	(13)	(19)	14	8
Other comprehensive income (loss), net of income taxes	(20)	(30)	22	10
Comprehensive loss	$ (3,376)	$ (4,085)	$ (2,501)	$ (3,632)

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Before tax amount of other comprehensive income (loss) attributable to the parent entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 29

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(3)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 1A

-Subparagraph (c)(3)

-URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 30

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 20

-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569643-111683

+ Details

- Definition

Net of tax amount of other comprehensive income (loss) attributable to the parent entity.

+ References

+ Details

- Definition

Before tax and reclassification adjustments amount of unrealized holding gain (loss) and transfers on available-for-sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 38

-Subparagraph c(3)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 17

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 115

-Paragraph 13

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 130

-Paragraph 24

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 10A

-Subparagraph (e)

-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

+ Details

XML 37 R10.htm IDEA: XBRL DOCUMENT

Long-term Debt

6 Months Ended

Jul. 31, 2012

Long-term Debt [Abstract]

Long-term Debt

4.	Long-term Debt

ZIP 38 0001193125-12-387496-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-12-387496-xbrl.zip M4$L#!!0````(`#Q2*T$C'326LSL``&*K`@`1`!P`:&%S="TR,#$R,#]=)58UKEPI*__S_K__ MZ_AOM1K[_?3R$_N'"$3$M?#8K=1]NO:91W^RLW`XCF2OK]G.V<^L,V:7E^P\ M#`+A^V+,:K5DDE.NX-DP,+.UZHZ]-^I$/@-X`O6NTM=Z>-1HW-[>UO%R/8QZ MC5:SV6[(0&D>N*)B1A[Y,OCSCN%XNP/K)<-'4^-OVS3:.3P\;-#=9&B?*YV. M[(7X$ZBBZFXX@+F=5O--VTG&2A7NMIPW=\%M1B0/`&E[G`_3![I<=6BPO4$K MU)I.+5L#YY-+4`;O>MD#^<'[#7,S':KD+)K`2*?Q^^=/5VY?#'BMN(`G"K,K MX=9[X4T#;N3A!]XR=HRD/5(TTZ7H,B+UD1X/Q;N*DH.AC]/2M7XDNC`OD+N6 MD+D^4EZ%-VU_P6WIXI2M%Q`@+ M,4&Q!/6SC_^JO&\"W9I[NWMO#H\;V6/95$KT!G`UO0"7##^.Q&CH2U=J`POS M)(PSJFGEXNB2!SUQ,I*J\CZY9%$RSQPW9DZUU%I(^Z-/(0\4$L8L9JXAM?#: M8FL=-R8Q/6Y,$/5X*"(9>CD2DX#I]T9VWH#L'#>2:\D,N6>.&Y;="_.>C[:. M]P:EDO=+ZCWZH$UG_9.I/1)K@SD_J?7;P/DG4_I-X?R5''V&GWUU$7C"FZOV MF\CK9;1\608`J2-]#ORU+,"(#>9(KZ8#1>#EAAE.)=<>BU,3:KJ)G%I&*S>7 M4TZI4XMSREF,4\ZJ.%7JU'IQ:E:$XJR<+TOX8>=1(S`>K"%^SJ-'F&>1\*3^ M?L8C[_NE<(6\X1U?J`U1NQ/7#>-`JR^A%HJ"P)/`^R`#0%0&O0R?TW'V]_5X M6-!40P,D08X"ZQXVSF;GQ^`&``BC\8M@(,7Y*.%D\?&E+H M]/PJ,FFY'SUT6C/\'N*9/H@.$H@B",`.9JJM!89/M'/PMUKMUT"F)W+)@5R, MUY`\OUZ=7WR[2JGAR1O`)%LGN*XDL%[[`H&'JG)6.\45/!NS4#]T_V37O M]83',)Y)QR3!SM>HQP/Y%\<)SL)`A;[TZ`?$/-\`!YB??G[MV@B(^U=PA196 MYU*Y?HCP78.HF<6LW%WB,?%,8J MM4;CM_99HW%^?O+Q@CG]JK``U^ZNFW1'4+R%QR.:S&5D6J&6"@]%0#-0M"1`F@'L<>$ZYDHJ%79874?9C&%,0&X:1C'F=JO7^M7==:C>C#?'^-M,43Z<)/@(@6' MD01*#7T@>A=6E$@8.JFU!&'`(0@_0.K'GD4U M"&*`;B:G'X\D&9E!OB"TH\JXB$&TH?$AB!14#+$HTR&(C=O//PKH$.I1BCJ) M($H+N.LX`H=D1K&+D=O'O74&HC.0"O$YLWZH4Q@D M,=R3+CP(V!06UGVN`?PQ8,G$:`CQ#ZJ]`3H&THT%C^">RV.%SP)Z@Q`I!W-$ M\#`I,E,06F%0`.$YH.I"^*@2(D4"Y--GG5C)`,`!?L`M1;="NPWY`!N"@7PS!*R`;J#6-O1!`+'`I\YP'#WZP7"1#=J#C8$@V@!EP" M`S&`T$O+.RVH71@,P'1!8T`B_A-#YB"BJF%ZHC(&\CX9R#'@[?LXK\&?.+:4 M)<4(#[07;@,U!8"A^F'L&W'O(.TX`0?#_H@#$YD2O1"&Q5=!$J$M(-B!RN&$ M_B.%3HP-N!1(.:Q83EN#9Z MA4-`].&/D,RO3B@/H8J?:&+1=!M61>(_L433VQD73"TAM8`'0N_N"RUF@EA' M%H.&1Z3'.1"JL'(753LT.KI^TI6%3VL@85\!OP+P"E&<`;Z)B\#Z)3L;P#PU MA7U"$3D8"(B=M`#K#8[#%1B]@\GT8048AF,-#\6((Y^K^!2AGY^-I/!6@K#! M8W/@(K*V$3+B/,H<,!%`RT^TI%X3_9!.1\Y!1G1D0G,^#U*8\C,?-U:5-.:R M?Z#-_/Q^F3V`;)FO78Q?(=`AF"Z%CQIT%BJM:+N#>@.^\3$!MZTI?RN7\C^0 M,H557W!6W%JSK/A*(WM,KTN>L9N9&/\F3,Q_`W%S&$,.B]BA1T.;#=>'$$>H M)"8$;QS>@H2CO81T(Q9V>#BD$+UJ?_(A&G!IJ$*-0PJ]+"1^DJ)ML\69OV3" M7WH8]RGA'H2PY*(QB.&W//*,XS5AN+E09X85'6*%FV<%V';,`V.%=P8A)`@8 MVV-:8/?FVHF_/[$QSEG>[Z?VE&4&]24X]P\6`8V'F4`W/,%+,(C]6<$C\@2/ MR$!",'QW0\A@_D)'#R(0CN3`^/-7S7J+P?)^$O+!A79R@>0`\S`0-W]<31)_ M-8^WF+1!.FV"`816R='CPKI;A'5_/JP+P`GQ..1]D$;&1HQ,0&QOPX3D#YB) M(XW6Y=0A5:T@#&J0HODFD"K<1#CS"I9ITOKD)B>4T,_F#;&D#\E?NW58W7US M:$T$XS>0(9/K`_+T(DR,N;I;/*RQB$$2(E+8.RW;,X=X#PP2'C.BH^(3,*B1 M.`.(J%I%B>AF:X]GVA"K_1#G,@I+HI[V^D5AX-4MVYCEVV:&8!]HOP5&4$R" M_U/B;/;H[':M"Y:,]B/3C44RF0((&^.>"QHZ121!DX@3>4*+:`!#F>SBT$`8 M)X/V!E8PHR&$BMT^(6RGLOORQD?1SK%G=V"G-D/MQF>5X4XR'B;3/GRLP9IE M.ZO@6KL22"MQK[3*@'1_"LUTA/L&,%U/6!\:&:Q]@>#C;DN\1JZ+%CQ)'7C^ M=.7$=:,8\+3N/!^E)F3QI4%?BOQ)#`W,3?25GIDW5L\+:M*])XZ`<%^E46@` M=+8[\*A_,5':LF=@&B4LN8?6KU0)3WP.1D(T02&1A\=:9ARL%0X$<$U#H-&) M=>*82:3H>`."F=#E-@2!M>OL(J%++LXQ[':-[IK]^_P6VM4_#)[-]L';DXRP M5B$F-NC2;;G)LX+[>?5)IWZ7',WTZG?(Y!T!PD,.-+LAYF-H_PPK0->P=$79 MXX0(;M=`&C`@2HX&)DB/(2.:375T+WJU'A8%3?C4HADGKZ/8/7D\XTWNX M8NN),`H4464"E"Q8>$-#ILSE.PM.\`2# MBF[RSBBD@,^D7)/,.K,0^U$$\333@D%!R0M0L0K"41`O*]5@)QA9(/;W)OV[ MKR([,R*:#!<;VM#MB#5PA(URE@S$'H^,07S3%P)H!B>?P^JAF+C[,_-JBUSM/UGYD M4Y]/YA^$^JM[:9G]2;N!#UN_5=W;.U@(AB"\C?!5/.;_RJ-287EM61">1OM/*P[0<=.LKZX]NU%-,?,OS<]_N[NZNV?DYLJN&)\0,&;:9 M!^=?@T(@T6I1(-$T9^.XAT\GBDFIW\"4A^'!*U@`32>(^)(6NF);J\;LI!<) MG//@33\_@Z4BZO,J^U$_J52P7YSUJ?Z+22$*=YQ:(D@7PU.VN13G3!$.`<1F"L;C0!QDI;>A97(A-$MNH]8TX#S#/BM3EVQ$!:[4O&U%Y+:%JE@DF.- MB6G%*,A,E8'MI9X.O#G@VH@K]?78]IW"$X:`LR77<8"81("9>KIKI#(]MC;- M&X*Z\R(QC".WCV4'\="PI%G/>'0;8N>:/=1VP\$`KE&!WSQ"<%^%/UR)V^UO M;/@Q!8@S5D@*$;`#STR"+5:N[4MU@5X@UIPIN-A%*`E_^\SB?$NZ[Y)Y/;32 MU/OG_B>6QF,S7PZDMC4[QNA0#Q7\2"L\;`6ED77`QFF^3ACI"Z6P1K++=GAN MWP!OG:8R?DHRCI/O=`J#+E.=,N^(8V="8G=@-:&SQ_H@]3P8 M`&*$W$D>R!W!00O(-8&,>J)+_8+S"/BSF1?;&VTS)/P.L!9%8+6LE9RLH%=3 M)QJYE3K#9J:P`Z[5TO`.!:,J%87FV[2H<3;TA6?+ER8T+-?IQH'`VM2KVBNV MQ]M88ZS'R%K&B;FP2"_F6.@JS#J3@QZS).JMC:+REQY>DV+*G''?$4GBF5;[ M`E4+3@%X1X*<$';2P*(MI%Y>\VD1LE\@UT6I/=@CN;X`9DH,,A.1Q-J7W(L+ M@6NQFA1E(:GR:D?FKN7%A'DQ]4GCREC27TU[@3F"$]IZ-2.C.U*"KSW,*9D$ ME31M6UD5EK!06M-@7_B&0HO/9V"0:;W"OD=\YUMVW9F2@GN7'JB8Y$>9[6'[ MZZ'3&W'`-H(P[O53+VB,&M+R'#@RB5+KS:/CI/LKP`FYA_;)2,)AJ[Z7L)I0 MO)/=&:NK9'PAZ,DQ>\((V@Q5+6L-JTG39:)1&,J!$R'#C+!,1C8$Q1QG88O# M?FQ?C4NQ-OXIW@`B<0^_TB28FQT^FDC2`Z2,40BIYS9I2<+W21CW3VBARP#"_&'* M;;&+!#R,JVF15`)Q!N.,K-NBC(,R;HU-UI-X(C7%2$2NI/X4>M4!BN\?L=<; M)(6^N`;`V@M##]_V8.,<"O!MCPS)'OBZ'&9DO6=0+J7:^M3\?DQ"^;N"`NHT MILI;*HLE.@O?O%.++IA*3)1V=DDQ-"2#^+T5^E4E;T2OUR`M=ZU2L),AONN3 M:/Z9L$I?RJ"RNF[REM3!+'!7W>9=/@@6Q1\3"K"`Z:AF;UJ86I[RE@QN2'DX M1$L0I?103I-,`,`!%A$^`,E)+&)LZ?+:#)C-B>9S:'9EC2"=?8Q2&/Y M*C`PQMS-QUKXKA"%I9KUMED*_G@#QGQG40+'"JO7[Y".GTWJAY7ME'SP,=$` M%-="A%F%U/;U!.LB][\!3AJDYB\*:P(/:.`+#22A9,AFS_36FB%U0+KI"WE4 M'-'YSC#$%]4FQI/W@!X]Y',2&N9=17'BN6=#5`9D9VD\KZ32[S15DV3%:Q65UNZS@HBJC_> MN^#@!E&A:.`E#:6Y=,40"M=:&-3(4`%X M;/HQTI?!@+]VDS=Q)>EMCE03E$("D^B8B MZM_8YT#6UA0V&LZ:T$S9-JK-:8(Z;*UO$Q0V:-VK@"*9H+T^/5`EN"6X M#ZL`WO"&N/U9AN)!.[,=8ZXA*LU@-!^*R'[3)R.RGU.!ZI(>M.3%G4V'Z+T[SG)[Q3$KZ4^!=%^.>3^`7KF5]"C_L7H9D?JFUM@7SN MMHR==K6]M[\0$,_<,59R=DG.[E:;>WLE9[>0LZWJ7JM=E?R6;7+/NVY)R9*2)25?'"7OM1_YS-G=B2W>2!I=LH+]HS5/^)Y,EN_W M4(EUB?5&8WUG@+DQ+_/"CY>Z:V[)[HO;`S=Z'R]K.JBV-N+]726#[\W@_6:S M9/`V,[C5WH27`Y4,OK\&K\%>](IJ.A:+,?96%6-<=+O8YY9\!Z@,.E8K MT3_9=W]L[NMR2]:7K"]97[*^9/T+8?U6G]EMYSMW2SJ6="SIN'UTW([=[7/3 MTUBFFN7^=LG@P5-F6I9EF^5V+]CLVL;2[5?/:^MF9]=_IU\4^='I4-BRMA[/0[ M\TO&;@-CVZ7&;B=CRP[C,IDMMP768]V2DB4E-X:2*]RJ*FL4-C::*,/$+65L MF=AM)V/+Q&Y+&5LF=F7H5P;1Z[%N21>^T;/66HOX+7U[?+S]:L#=%6_'V9%R3>D]PI>`7KC%[< MIS">FRKK^666YZ9**2OWE)4%DX&7\/&1J]GI`WU&VA_GDHX?1?5K(W`/(L=> M>[$C@@ M?5!_LUAK_0:B77)[&6ZO:I,[MU%[\+"-VN-&K&H]SH='%SP*(+Q4WT1$,>@U M6,M3'V+/][C^<0(Q70*X>SWAL2^A%@!X-L)$XO/')(M]X#+Z/^['XEPJUP]5 M##%ONB#XBP!M]:7HOJM\$)U:TZEA=O7]G[%?:YN_*^\M&<^_GEW_^]L%Z^N! MS[[]>OKIXQFKU!J-W]IGC<;Y]3G[_9?KSY\8F'MV#09:20R>N=]H7'RIL$I? MZ^%1HW%[>UN_;=?#J->XOFR,<"X''[9_UG3NR;JGOVT,O;K47M^+M=JO3;+XN9D1S]\)W7U`4*@GMV-T,.>]5VW[;6Z=^(^=91% MR>8&@8:'VIZ__C*KD$"`I.)E2S)?NFT95>4O,ZOR255U>E!L$I.;])D2E-H< M=A5?JA#9QNM[9PVK5W\)ZWG4#>&K,]<#E?`"`HI+?)\")`)KW+;(@V6# MOL,@!)Y"]$M$?R%=K7^6+%\RZ\PF1\@^1ZE ML'Z6U&;!=XQ9>B`^D._R:ATL-AP.Z/W^9$V?@,!%"%\/?5[0XU-BE)X8`*MW M[H-/O25;T9;#H#,*&?&,+G\].[[>7*9FUZNQ9'=XNX[V8VV.0EQC:FH?8_08 MBM(K1)#\XZZ]JSS>G9MC0J-JP_\)%5F2I14?9/E7Z3:Y`-B:2?[US]#%HC?; M0'RVZJ=8NXX6B,\V*@L#-VM*["U;U:][%TV5/;E=9^TZ.\QUINQ99RY8&@^M M,K=@=2RUC1FCAA8_-3*,PS#[%@`A,*;C!U[(_*:S[*.)*>&7G.\@I9:S2>L9 MHXO,T9=!9\1CCL8,.,4L+^^IF;LF6M7O3]B`0\`!\8'[U@RFDZ%%?]W(6?MZS.,#DO+$:&UZ-_ MAA;^D77@F4BNNX!/P9'&K\/>%RBQL6[.Q^SN7IWM2#N6KYYH>".G:"L MA`>!E&D^D3"]LF;Q?Q,G)%[.$V?2=XBE"*CE8N&YS]8<`BP(T3[(%[H$$]LH M9-PT,76V^N`,9.,O*-M:[93"%@IX2S[,PI$S&G1A]$0PE0X\%5Q"2 M6?XJ;.)#G"7&\.C,AEEX2';+S-^`S[/NN718L9O@,P_$)LX4&S7^W_E7^]6<>M"99,4,(_B85 MWPFNM(!Z6&\V6T?PF\5@\MF_`6F&6[SN,Y$@VT/P1)3?(WXF<6 MDFFC`(9AB>:,*C@/"?,&6R,#\,G$256\)';(OQ&!$LE<&TTITO MB,?^PD)_^-CR)51'&,E^V504?"0$?O].)99[9GH8S7]E>3#3``@P&1'?+4`U M),X?"!$^!H>(G$DW%X,+U/E-N`H'!/]B@H5I._*9Z5U$2@R&`V!=Q[%B7$@3 M2GE6LHOCCY'MZ'T1OOG"DX`!Z#4M?QKZ?M23C(0SDN$O@T>/,M4MH$]-I*MW M9E*;2%E?LX;L+^0YGO!4,]9Z(F.]"W:;L%XEB/4#2UASJ8%0G^F19JG1ZE%V MS1Q:S(`\LQV-;5:X'?%\[=S%QEJ)[TQ;;`.:QI^4B\Z/B?<$(>X$WCH6\_B M'-0NM%T<9-CV<+$`!\<\B1ZPMVU"#VPD.%4>F#&6FX>="/PI-(7HA(*U`R6U MP'V#994(,0B^I8.>W84TR/L8"8DB"##0,\EB-IW90=OZ`YU9EC/!=W:X'X#E M#NKATXB*N9VPQ=@VPXZ/L7('K.6_T-)><^?6]U=`'(IA$#.V.=0P?YJYGB;S M&#!3$7L4"Q=C%N@/!&5A53T"QT9U^`7[##N\N M*(@?GX%MW*?\K27/PA(,N!VN":XO^%__QQWG61C`3H]`HT@/I7G&@*/+BI5B MGMT)4*4>6:4(2$.<'KB=GH^)G-DFQQ()I`OP>=95%0N_2^P7\+H9%Q*.+&,\ M"`95<+MD$'-6-CX33EHPC$PTUY;#E_X#M2VZI.NI=NH`\[RYM[=]"M`W6`7A M](FAH5S8T5H))*5#JLZ%&L=4VT*V"^92Q\N=+74`DPBH83"8 M994,Q'4:!BZH!_<5$UYR[B("=W:M[8@!=7LKBFBY8I3'8,]6&K726?ZL'RT( M5K[CN;]9"!S%&!Y?IHNG[KD;"=RW&B-:;77F/QH%YLY]`&1ZC M]0^K9$.0Q^G=_LZ[`BQGZ=I+GJ?"U(,;^M+4)M8\JKB`H;RS8W`[CT%\\>WR@?,^\"NS)P/]LS"`54@&?C[:DB6]H.Y M6!HG\D(0$#:?$/])FJ$A>.,]NMA6T<2N/>`].3#MZ`D;B9&.2\]SO9$+?@W7 M@5/=M/N)3;L0']H]>[5']@]LS[ZGV'@KQ=*4[CS7@9^GQ]P[!_OJ9_(296%9 M/G8&IU\97\Y[W3/I$1*/[][4/KI"VS/4\E0.C]_C#/"/F\.Q[/KBOF7R\F%])O@\$=>_`:D\,.X8M4NEIOU/=T MX7I,1I,`GB.>Z6_4)*ZO[B?^1E$B\8OT%5]-VP2/G'D,+9.%`@2A^7&?8:P1 M2),9$^\EB(^BC'5M)5$.F"<[,.%/U&'?9O%9XK&GJ"G1A_GQ.TYD.S=9`A\@ MNBAXY1$>#!'7J;;,O(MV9MI74U\D.8/Q6!RA8>BS"!]L4`+L?6"-%29+?##T M+)5OS7F/@^.$:%%YH`YQ#B@U`T1FF!09PV*;/U`OMG*RQFL%%](EP=9)8O+7 M!I$"M.4+C+#!OIN\OC3"^H83/18%I[@$DK1O0QOY(S-6V]@ MP7S<9PCBZ=>%9/W7E0)D_0;&C]C)`$-H,K.SPX&(S7PAXU+1RB>W/A>$_/(1 M=3)@MKFCJ_(WD`/M?XO7P[<%>^P;V]WDK2WSB>7/Q^7_GJ!O4)&#>7WW^YB7 M(JPU*ZU9:S>XI] M$].`Z1$8S7N^AD:N'YQL5+J770D#4Y!3N7&KX#EI/>-PSTDSNA7/29/E.H\7 MJ_90.OX\X4.6$F_HO^EQ,9/`]1)GC8W`,(#VLS][TB\\KX!MH+1@LJ,^-FY- M2KR_HVJ&4>,DEB2W-=_M2^JV)V^7FE\YT[1CN-V]U!;ZQM=W#$SN^44-$N[2 MPC[($U7D>LY8J$&CUTZZDJ2I&'6'J^O'I^L[HOR]TC MU^^#U6:L+[MA8).7,W@F:#6YX1M!5./M5?F]7PBR)3AK^L:`>J;=RI)7-:^O M$C/EMG&>Z`[U]@&38AQ[P'3T&U-[E\GN8][B@D+!=/*^2K5PXK]4.ES;6ST8 M$7L:VJS.=8COKOB@K:KN%`'(ZO4'@[Y MCA:LBY3:MU8#J(=3>FC);%N,;%X4/]F:5 M=\#XP[SHYQTPOM7X=Z?Q;6O).E%V0P-V2D&656TVM)8RS9FJ]82(>.-"32O9 M@I+MGG4TK97L"4I6.=,4L2O#6LD>EV35LUXWI_!W>))MJU-'6)UJ.=ERLN7D MJ7*R5#[RC:.[P9)ZY)'R:Q)][,_S\051RWG\>.`!WZOI->J># M>30]]$/B6],#W\G*8CN85F/C3#F*MOE6P*4%W.N(W:/;"OA(!:RHQ]"3VPJX M_`H^@%QT0ST=8CZ&UMC=\]&AFS/X)O:6DN]XOD[K=#2KT?]U]&^IMJ)O1=^* MOA5]*_IW(OJ3KMF=YJNN+1];/K9\/#T^GD9V>VS984#--M1L\]NM@-O\=BO@ M-K_];@5\_/GMHP\!3[6QJ^5DR\F6DZ?*R09+CHVU;7["&YH7U.-]FVVK9MN^ MUZ)^OZA/(YEURJV:;_Y>6^>B*[]Y>-2^L-B(8/56L"**";0.[TQ1L&]B=J&#;P*YU_5HG M^C#F;3G9DM>_UW!M41T7U92^U2A](5&5>WB4[;<:#9S`,C'0M)9T M0J>A9P46]2^?IW9H4O,*[.3(G2_"(.)"!NP[O=E(R;W9J"YFGNKM1II2\78C MT>^WD]0S2:FTV6M&.@V_0(NL^0NT`D_X,.F MZC&HG!V:*E81.3YDNB%VG<3Q(7N7,BODD3U1K#W\XP=#,*B,GT_>U752WVVP MSZ&QO?KRF7I3RZ?2PK.F5/*(\TCC5W3>QP;]0;GH]&)R`C?^^4/_HG>J.\$' M^:+7WP+;N-#%3A8X0MBMM(M(N\D\@L]\ M,=K^K7"RM@XC3E=_.UF(LP!1^&\>6>MAQ(G2\XCB\`K)$/\][^AK,>8.M8.L M/#*^O"P$9P>1_WMS7ORN.!>TY/27L",$+R-XWB/V-?@YS_]#7\3H@(!?[FA= M3>]S:G*'*J#):@Y=+)R=8#3+8]S;^.*9#2*'Q";.E`[\V]DW508R&8D0`5O\ M[_S;/T@FG5ISV`_^\N%R!&W(Z)\Y(D<&-<TT?+Q\)A<$/F@LKWK\'DR_7- M;Q/I\N;+Y?V7P?7-9_A)NKX9)6G<'%F`R.%$^NGNY[]]&,5THO'X.)C"-[`J M3I&P^SZEVV3(T-0/B`[P^6Q++)@V6#[&]GGRP'^PD\:EI! M)33:#__LR3RU&*'9-UT!*)^>V>3JFUQ$#3 M%^2!T9SD1U<3)O;>)@-+4`_&H`5DIN:B\CN%IPQ7N0OH'LL^58\W"^W9>\ M>R M(B<%N&6F`GI8G/)2:G?>-52M-KI'B5PA&R\Q2#+\NGQ>4,>O8SO0^DJ"[;NG M*\#]TBC*K?U.KU\CB"&7A+H-0^6<@:STU&XNP6+)@HSHJ2 M6%999;V;-0Y%]524R)(;?U^N2.&P.AOWK2*M8^CEB8P=T#2A2]=>0A#)/;T1 M!??/>?S-HR2@WJT'00FQ*W*XAUO`1@)59%)A"ZNL@_I5J7DPG6*$[-^1%_9B MF$=,&A4YJ]I<#8PNWQH$)A.VPK5!$-K;X@\8SLVQQ/<7 M^WR5BK@#1,'6;$@9>NU,W3G%!,D-!;?H"WFN',W(F7VUR/3"*[U1H&*&O/L* M0&%'[F>`FF;TJ!5RI ML$-#I[YA>.-:X!5WIP%;MVELPV9%MP>>TB@\#9>=FO6XJW6E\J)&?.YHJOZFW!F^K?H<+H.BBH"> M84X]+82*UM53KF7!8D`)RH3BFTY/U_3RE"4KB)L#U)11D/6.WLLCL&@:H0*= M8J&#H:2CAX)TLD7:R\\7L*&NB.7]A]@A'5O^U';]T*/WN":\/1TP>_D,AEW. M^)Q[IRP`*2_"KP1)Q%>1]28@165<-1/QC(C_!/$]_HU3]+UZ^;$M^>7:(K M1\TYC8@/0H/.66K;JQ^GR&[85?O-R'.U^@PQ6/R%FVMGZE$(3<:4_U]'85I6 M#`&`^?.+R[-&G*7*;THJ.5PSRCA#GE73.&ES1[Q;;Q)@E,G49.7<%5V,EW>3 MG%:KCIR`MW_20FGMNE'E+;W71I5L4,Z9@;OU@S!XII>![7Y5K0$=_=UCO4[ M6MJO+$,O*&^FO%A[4S?L'48>L85;N@N06E9M]8ZNI[?K4MWZKW$EENO9,*9["JX:F MU%;0")+D&S3QT''_8QUOKO921=+D^`4X+DYG*?;J8!.JD,GMK*+%J?JX^47. MU,G2)>TA\:UI"6:G\H1XTAA>-!:CR)VH4&N*G(#$+;12`HZHI0CI&2Y:%2Y'C3#7#3#4FA$37Z^>&H"!,NGE[M\,FT2Z5FB:V1?8P%% M4Q5;0GIF"66"8A%(C2TB<5#1,LJ1T[BDG)I92,40#7,1Y37H5!)3U<544/?T MW);@RUETBL+:=<#C?$9`KN6$,-OM`N\`PW/CJQ^8!'@ZFI8`)#QW`8PYO;,E M,98]-@EA*IV&8*Z*X]D=@YV*!H-'/A_VS>4W[%Y9#L0%,/$`J6(N?#T1?])? MJD2..!^4C!\H/G'$]T/A0PXYX@UZ&2./2:'OEFU7C7V5[J:[OAI7O">O%&E" M?8WE28O28%G2/-?W[SRWGH#3Z';[FZF#Q/CB&3!A*LOFO]0^2Y!7HC//;=Y& M9ZF(S%"Z':,BD;G:6)29^UY9ZO=[6D4ZP?7-9)3C5]%X1W36>@SIS/5H(E?S MV7)5B?S#1QS/M/@"5M[EO`(TE3+44#=]%O.KTB_\-(Z'"Z7 MKC1J2BK-?GA\'A\0GTM60M6^?.!,'AX0D\M7:I7^H2OS98[+V5S*^MQ(O;A1 M/L$;[7BEB"^].\GIYM)J](]+TE^RV*;42/JP;M;OJ[[U:B)^%6AE^O;2O<#7 M3MY!)G5$5+J6V14$9A8O)M2"K9QET3J9]5$CM"T>3G:&U/DG=>Q M`B*KCJOV-EC)X]JWC[\ZVKD>.6G]5)%^YX0%"G05D)1;2K(L9[VT MZE#R&A"R`[.:^#J#$QU*<4-K\0%4/>,#",Y>8#W5A;'<*RC=C+6J&>'H@YIG M?M.SQ)W'HRX739&>\\NB"6 MN6JAB!RD59]+;8[""4%EG03V$L>K]SOO1+V*$3+@'CQ8DYI*H7>6^FJ6H:=A:A,W#62J=5_H@&( MQE\=JI\P-#G'FY0XBJ"?>NEOWWS"JJ%F?+-$;`$[)'NQY\FU39B-)[<:.,MD MWY3"*E0OFI+GG]2$)B^^KO_`55WOI@YGK'+2:D6"11BN&X9:`\'Q8LX4[?)N MZ($=U^))8;QY4Q8R1'B+9Q=O\524)+%[!R]`/:Q?$>K3'M&5Z_%7[D6#R&^? MR3->(Y*]["CO0&@Y\XYR4:(*"?"U6,!O4A%C0:?SJBS(V?;R9H,U4D*'Y?.. M<:[T]T'9&+R8.G2?; MEGB:)]V()WNTI&Z6Y/7K?'*)X\?WT6$3M#]9P'9BWCK_(9Z%'][_?W77TM0V M$H3_2RK7$.MI*;5[L!')'E*+BT?EF%*,(-H5%BO;!/[]SL@RLF9:J&>F1R8W MD@)U?SVO?K!J><-?=$M]Y$MEW_J=8>;"C3V06_/15(S8!:&`EN6WJ04.>6'BJ[7!WJE?P0N<(X$#QY!5\\%4B]E62* M(6HA#3!"=8`]5.SDW7_P'2&2C2>OL)!4(/7BI)/(]RQC[';2W+4!FD!U>&&W MBNT,B"$S[MK<.YK^0$(M?H<"!N*N(Q``Z%0$!`7^^P$9M`J27Q(E2&W%72BU M0!66,ND@;R(Z"B!U^PBYTJ950MC$7]MSXCM#9`:"#+TA1YEH_N]UQ'"*^$PV^-?6FV*$2]IQ2V(.;>B)$7O7X MGE_"SK*#0#Y=:Q;7$\H?0"KX^*8YU[B)8$(!%VNF_=9,N%>FV2URYB_2I\6 M?(!9N9IM-E7^8[NILTO+12H!U#21(AFA`4?XM]VN,/3?^?@8\DALRT-OXFMX M#%E`76/&V1O#ZL0QY`$5P&)&X%F^-X#[7)\A_+5A513:MX9W#&E`M;R4TM!L M4W\$24#AC%'VQ:!-=8Q]`36.?(WRZT0=@LL"KV,,\(*_)ZQ)0+_(#J]9T$@! MZG1))06]JAQ_9`E`<2[K^V#0[L1K$312@+H@]U&]7E596O")!W^5!4_#^)+F M*\[*^:J=^3:K\K60H?&B[XQGDABSBK],CB0^VT;,6!*$^D2/(T&;9L]8TH.R MNHZ\_X@,I3$D..$>MEK0QR%4\!K9-ARF(A_S.I%;N#0\=_$G*32[?JC[$ME MUWE)5_CC0+Z[7H+X.B`3)+H7N@,]B:98$C,L6E=K#%RMICB@Q@`4:S*4/0\8 MNB90]ADSTEV_2)_KSB>?R^HB>]A6RY_IFJ?BM--B"$Y++.0J#1-5R(\QA:3G MB!"L#3I$4*G/_NOGMR]9-KR-/D54,(Q`'"(EA0P0*5]I_\VKND(""!5&/0U23.0AA=B..)/"8(NJ*5HCCJX"MKD-;'HS&\FQG;Z7-V>'AHW!C5(MQNLDE9:*$`YV/)T].*?OI5`^ M].UF^N'3.O^TRHL_WVVJ;?9.:Z$^*LG:#G.]8LC><_NT$0"1*5B2BQ+4=? M5/G&Y9I&Q'Q+G1VA+^X"*F+W!(H&G.+1Q-)66QOI/88(76:;39'=?,LW/WD5 M#D6E5C0,3Z"*?M%D'>,BVZ3L+KC93Q::+=D7M@7W0239;;XT+U:=.A,AH6^8 M)OIUHP:$ZJL<^4(K-1)`C2D'`*J'I5YDR_*.M^\H5U_RV\UI6MVLYVQ7_XOL MFS#4R\X3UVB0*M[D,\:DW_-./$M4J!("5)JU5)/0$B;XSB-:J<%KSQ??*"I8 M9X#)VWR=Q#'B^>%4U+1V7\>?$!R#^C%>9J\&)BPF6!8UXVEQ[:_1YP]R:ZB) M<-"!X8LVOR*+9[+J?)D6V;KY3#W"G:9=M!-/7:$/-D0)O3O5^=;=J+$;N1$5 MXXD&XWH*:11%0EJ2`=N`B:4O[Z%\G-@3E&D#QL^`VKG+K"AX\E6VRJJT8.;_ M[.8^7^5,HTWY.$2ZE)PH\MVN4H8CC;^B*;#IG@O?GSH6T24TZ/2&NOF>,""& M%!I4T$FY<`/HF%KM64*WGQ&\=@^X M8$-2^)NSJDI7=QG_VORY_94F:6/VB^FS?V]YXZKSVR:P_)CF!4_%_UQ67]C? MJIFK/2%MSXW]:3R$WYQ7K`3K[B%R[A;,EAAPOV9[MCKP['//\HMW?U'ER^R" MP_A:_LJJW4_YO99;6!['[)R$@U*D85=!DE!BWVB2U)]`_B9EF1Q3EIJ#S]V3 M2?CF!`FE9AY_4_Z>LCP#QK>0LG;]\$!^548GT\$'EX9=M:OR>)+4ORK?I"R3 M8\I2\ZJ,3\+IFQ,D-)WI^)OR]Y+EO&?`%_U@C"B<"%%@DTD8A@RC?#S>5/2I MZ3#<]O>5[6G^O;;P85&5=U5ZWZXZ,%Q%W8H+VG[]`I)!RDH9NG*#F"L>.]Y6 MSP=)L!19TUX8N%Y\<(0`.DKIN\:J2/)BR_YOMRD/!S#=_+/=C?U^+5<)H?RJ M9+,W99X`'BA(;@$/2@55192`B*``N05$PP^)"IQ6)1.[I,X9R&,ND"ZBW1'R MP/:]#NU%$$M]O"5]H8>\1)>/T%B. M>R_`/."?XPBZ%7"7/4H`(UP)VB)HCW\L=04GW`.V;P.C+3`'MP"0Y&QA"]!= M!+TB^./CTX^J8#_\#U!+`P04````"``\4BM!P5OS(9,,``!VE0``%0`<`&AA M`L``00E#@``!#D! M``#M74MSVS@2OF_5_@>NYY(<9%G.:Y)*=LJ6G92K'$LE.[MSFX))2,*&`K0` M95O_?@&0D/@`0%`/$W+V%$=$@U_WUT3CT0`^__$TBX,'2!DB^,M1[_CD*(`X M)!'"DR]'"]8!+$3HZ(]__OUOG__1Z01_GH^N@V\00PH2&`6/*)G*W[X#^C/H MD_F2HLDT"5[U7P?WRV`T"BX(QC".X3+H=%0EYX!Q68+3VDZ/>]FS&.&?]_Q9 MP#%A]N5HFB3S3]WNX^/C\=,]C8\)G71/3T[>=%7!H[3DIR>&"J4?WZBRO>Z? MWZ]OPRF<@0["+`$X7$N):G1RO8\?/W;E4UZ4H4],RE^3$"322K6X`F,)\;^. M*M81/W5ZIYTWO>,G%AUQ&P3!9TIB.(+C0`+XE"SG\,L10[-Y+(#+WZ84CCD* MP!)>0^_TY$,J_]L%"1['1@,,MS"3E-X:V%>`Z+]`O(#?(6`+"H43LT8< MVFO8D>7NP!-L!DLGMS68:X(G=Y#.+N!]T@B-5G!K.",8BC8G#,D"BQ<.*<'\ MSS#E8$AB%")7QW>M:P=M&8^`LM+!N$]F'"QP#F( M142^G4*8L#J+:PL7*=L6PI"W2SB9P@1QJS?"HY7<&ES>0P9ST>GBEJXUE%UJ MIZ#Z@$V_QN2Q$::*D!:2WN]K/5SO)9E+]WK"J5=8^-]];AG>*$2R.YO)!CH7 M6WUJ$AW'%Y.P4"`6_4-"2X9(@]D3Y-WJ"0#SKC!0%\8)4[](DW5. M>EF'\+?LY[_.&.-X^@LJ?$R](`;W,):O+3_OM@!1<,H;%?'/Y7\7Z`'$@NNS MI`\H77*&9&C50'>46ZF4\XHS6M0.T%"]@/]9<)1J1SPKT66+6=I^=1#W"24_ MIF2F-6WV/M((/*$1I'QP=10L&,=$YN)]HI5XA&*T))^TP=D5?N!X"5W>0)U7 M%1_[R4`18V;H4]\,/:1P#E!T^33G\1URCQGP2$'KOFHG*3]I<8*>L?7&-[92 MF,9FMG6;EXVM-^O;'9JU$LW%+W^-^.M`K+66YKE'1M.@RXSVSC=?Y,,7WH%+ MED/>,9&==AYFYJ+KHF^R[<4]HJ`>;,;(>]\8^49(](CB6&/]]2//++T&EEGU M@V]6S<6'&X)#8TPTE//,W@:4F?%_]\WXUPC8W9X*N8;L.=^=%'W_R(@Z8+&#FYDZ6LW[284*M!WHEO MK.3`\B![FY#PYY3$'"P3`3=9VK]U@X@/'%FU48S9J/)N0"[C1@YQ?2@T%#X8 M>FQ**)J\&R`Z?4/6K^9YYQ[&D%LT)<,T#:&S]*EAE>N\&T&=1A%(H0X"B*]P'<\3'_3D-=)T3!R&/Z7&!KPCS M;GP]$LO*&$:7@&*QLL.[7(N9L"^,+N`8A4@7"UV$/";,!;XBS+NA>PZLC.:% ME>PT?4&L9]_`9#"^`T_ZL4"S&CRFLK$NBE?O9@7NJ$R$65K#EJZ0Q^SHX"H" MS,/I3N^`>M2Z$FI=S+NQZ476B\ME.:G%(I=AT.;5'`2=FZNG?-JZ$CJGB%#^ MRO9F)K)LLFL>^P;C/M>P$MSM10^*1;T**Z:.3ZU]9PU9G[NE%)FM\F9JDH94 M`LVI-8%F74E`QL&ZFN#5#PP67&$8O?8GK68$'R!>0-U2[_I1*Q,,((8L@R#6 M;IA^M4]?K+6/HFS.5432PE0Q:9>3<+9UZ@R`>:%Z5<`K`^H`*M-YE^>2(1S! MD$RP'()^0V.1#16Q<][S^@DFNCZDDY17I#BC5DQY-X7YC?)!R)"2L78X77C: MFN4U&$O&7R=NG'HXY\?X$$_?ZJ1S:(7G[4&43?(M[[T80>9*M.8,6G.NYR-+ M,)57['(ZTA9<;&2;B_EG3#-695&W^4*/F@J#'N9IM$Y;BW]I;QE/UK-$NE4_ M7:G6[&[!O,H]RE.CK._=9-`\P2675]<$=! MGRERU4&QYSA3]KR+G%Q/,76Y==*?.4:]HG8 M=+?@P-=C_W,X)A3FYJZ^(RRG,JYP`BED(O6S6$LZA_(=)E,2B01_EL@I!0VK MS_KVUCRF!1NO\C-TSJJ\T;O\&:6MN;FNE/@52:T801%JGE!HK5,D)KEO""9% M/S037"?P*_)=9Q-%OW>S%#=\X[ MF_K))V-)G^G5P%54F.<@VFI4_RW?#Z.S!^Z!$WBSF-U#.AA?H'C!?Y6'<[#! M(A&GY8AS@#0<-:[!&S5-$,^B_RS2K\A579>:6G/9#2E63KVQPDZ9!JTO/!NL M4]'L'#`4NKN_2?Y%>8%93;7QM"GW^UO'KAXTH9:QWS98QA:U!+(:/Y>Q>7@2 M$(>4/"`.X7SY@XEJYU M<;E-\0+.*0R15%`_MG*2.##K.^FD^-CE8KN>C^&"AOP/WK2.Z[;6&XL>(@-& M993IO1N7YAU%TR85'Q\8)54%%`W>C2DK>9&U8\M:B8,DJT8GQ=_^%\-%!!O@ M_$?,?TEN$VX`?(;%7@8HU-#&%G?9`^.HH7:*K5UNS+&Q=8'8G#`0#^C5;`X0 M%=W>P5B=S9$_EL/,6I,Z#I>])EHJ%KW;K2,';_(`9K$SA;<3IB!F*GA@_-E4 M421YEXW`FW*Q405>P/3?*ZS..=,/XFK*'R!E-1HIYOS+1*@"S\Y"4V%:>R:: M$Z=N%;T(LMU458=V>9D54=)(=Z"+$^MZP1?!LEXUQ:J'V04:!4K'P;A26A%[ M*816%%-T>K=9H0I?-BXKQ;-=\Z:S4=V%7P2U9O44P>99FK9:8?WQO$-(D5@U M+VJHX;B9>'O)W!MHF9M[=O80Q;-WTT`&)=*\B`W7/[3"K62V@J5X!L6;11;)GGREK;^Y%!_DHHQY^M)X=;M;*LO M?F`N7:_0:@OIL;TKWWJ2:;[K(YO>@<3)+I\@#1&#Y?WV#>0.E=1ZS59'N#8_ M#NEYV;U\"B%C=^`I2[.0.FG7&>M#UH[J/%"OV%)K=:/%<>_%>$Q]YNZ.ZO3- M8VIFIG>D]6I%HGD$,:2J"YTWNT54I,XSD40"F<@-2O,21'7UUU9J!+NVS/E2 MHGKV:VT^O?9%68U9-CW72-P/BE@8$W%U;B"O^$8R>5X+<'-[R;"A2>5P,9E) M=A]6,[VK;+C3LN&D8">](5T+:$S&_\W$@C+` MS>V5O^RX^?7(^[%0\0UET[PMFT84[R2\?%"`M+E-BE=X;W+M]W[L4GY'V3+O MRI9)!0(>'X(BK,UMH[U!?(O+Q_=C*<.KR@9[7S:8D`ND8*`%N:U/R8W/C>]$ MWZ+9H=G@W99)VQ7"4;A>?0.Q^`[I-?B]-DN5]9=O]7FF@ M5L+R6G$]W,UM:;\-?A%N-H@KD!^ M[QC&@U=9!:^?(VX8P=:&C^?%>2?2Y2HPW[G`3$6?TYH#7(G'W*"5$8/1HD%O M3VBUD=#H`JX!\7D\008;(U9KB-HWP'P7U8BPIJ>Z;XSV]G5(8J2+7V^;M[/! M*U79GC0I;'?/WS52.*M$;7M_TV3;>[ZV0%17V/[>RGFUE;M4#+?*.$FT=IY5 MS9TP0T)E;RI)*+I?)#(UF@R!Y?Z+K6MM92*P`:WYV;^ME3V,,TIL:J8'1NW< M5=RJ;=57=O3]N/J3FT6<+K]KW:%L)VD8RAQ2LZ`_1L-^'6_KG-A\S^YUO0V^ M[]H:?Z5/N]88JX7%G:P2?>X*=/>`0?Z?_P%02P,$%`````@`/%(K04)[O?!4 M!0``MC@``!4`'`!H87-T+3(P,3(P-S,Q7V1E9BYX;6Q55`D``Q-(3U`32$]0 M=7@+``$$)0X```0Y`0``[5M1;^(X$'X_Z?Z#+_NR?0B!=KNG1*%Z!&X M((PVG%JEZB"@/@L('32U&*40AC!%#W@P`)Y81;5J1?_4KJ[^0#=L-.5D,)3H__EIA?."=5ZN7 MWNRADXAJU;GDT]-3Y>G"R"I85YYY.A<5Q":HC-:\[W>=K_X0(NP2*B2F/L1: M&8U%(!=>`CJQOX)DK;@@=6%ZZS`?2S-#SZJAM1+ZFYN(N;K)K9V[%[7*1`2. M&F*$9H/,60A=Z",S*'4Y'4'#$20:A1J2:1MRZ"LH6$AEIG9>_7UFY%V'T<$# M\*@%/=D"B4DH'*3-?>NVY]`'3"LJ?HF*SR)//_:LBMX")LS]C6'9_4\(H1V_ M-&B'R@3WQSUP`Z+XK+GJH+BC1AW!IPHKYWQ&9DW`BB'O"":+.J^T:*P[`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`]*S1PHUS4'(6@XDH\A;614*N;_%8*^[--P!`STAPVCKDV'P(FY(8/Z MC*/TW:&.4(RQGNO4*3I+9O;+-F[2,7Y0,S3&8;,G),>^M&_BY(@?5.YH4WWK M34`+9G]O&?]'$9T%7V#9L^W-['(+:[5OU9&O`AFKXB;2)S_W8ZFOLNDK?_8M MKH(FRILOLRF2'EAA0<37D1K?X)[^BSG1C7I39-T\;:Q^4(S\1L=_@D?HN MISAV,6/FVXQ)IL5 M^OU5WX`];3.>;GF5=,MK;]MPR=UN6R26#J,VN0PJI1L7?C4Y-FCUKA=_]+_N:9:_@-02P,$%`````@`/%(K01F+ M73;J*P``=%L"`!4`'`!H87-T+3(P,3(P-S,Q7VQA8BYX;6Q55`D``Q-(3U`3 M2$]0=7@+``$$)0X```0Y`0``W7UK<]PXDN#WB[C_@/-,Q-D1I;9E]\N],[M1 MDBV?9FU+(:MG]J+C8H(B41*O*;(&9,G2_/K%@P^PB">+9,+SH=N2*C.1BOGB&[QAF3?%>3VY>M7K]Z\;`"?">/T0W.GB$&^>O5N5:@MSU:-=)+P67&?OM( MN>GQB1\KG"_OROBW3W.JW6>O,^KM'HZSS<%N>=?VOJFK$@45PTASKZ@Y(CWLF61H:Y) MG\^(Q`UI^J-%[!KB95Q0;=Q61YF868&^(<6]%V,U&X4'TM^SFVQ?HIXX!)?% MCL38ZWN4I?"=7\$1M4N*R3P/SH]^_?+LWQM4%.4)$LA(PD:_-?C_[T]B?#\] M$O)P64HO8T:OCVC[_0/_T=\'$%;Y-V"@ MOGX-P_WO?P\(0`&4'.@TH`9&'!I1\*5TH'%)UY2L0I3^Q\M_XRKVFB]:_FS1 M[W4IF^UN\'@C`!D\QOFY[ MQT%1`[OP_KZXOR_R+U41__[E+J+3<+&K6.:8Y<3UFUKQZK-#G=T#A%5=)3/:R#SB.+\` MJ;(;KP)VA1J>0U#MTZB\6^<)^^?]/W;I0Y11SLIU=1H1\D1#DK]&V6Y_Y^F) M"Z/Z7H+)IN"$"&4:'LP-384B\4/KF/V`._19C&;+,R/VYQ7F)JD1?5'2:]T$0CI!,FC$Y[""6KN@,:E`4X MLS90M!H388%:9D>\@H[&"[L>JITO*/B\PIWN;+9->OX

K\EQ0,_?W&TQ]>OCU?'/_U8 M&^3Q#ZL?7O\0C$6:8[H#9HTCB;L1#1KP[NA#421?TTPG;?,$VFGX,]KL.SIPZ-VQ<1,%NQ_6;X0A=\#&K2_H@;QEKSM^BSN) MNGU,HYLT2ZL4ES0FX354=T668%*R0*-ZLIS+NZ/#J*RO>+)2N^)".60__@8* M**'SP)(7SM4$_C<2)!8WF8EE$DA!E`1(K+F5O)@0P(W)H?A%#QV`P?B5P60= MXO*U,-Y<2PAA5<6LX[C8T8W^9?04T=W--8D2;#D&,&$`!4%V(7J1D1X7I(X<\M3:A``DY5&$0892R4T:-K2P)$F)0BI\R-9[EE` M"*E,[VQ2>/DCOXQ1>#DB[PQ*/PN$.UY_MB6$)GF%UE5%TIM=Q2)_5!5T M$Q#,5OB2TL+4/$6*RW0=1`D)5CNJ8WJO5G0?#+`V5,V*JFY20*)2W"/^XW>O MCNE.EZ`'AO5OZ(?5JU>OV'^H%#>,HUUU5Y#TGSCY-Y07.49I6=*8&J)6U%O& M^JXT!UZA$:G#&>DUP5.[(DW6SI@*$,3D]R[)5#:&F-1SE"QN.,Z<] ME1>`S;:-;H'BHJS0F]5/KW]8_?CS<;M;HYNG-ZL??WB]>O.VW3Q]"U/JKY;T-67=GT7;CW`D-X"*ZASCM_70'G&6O MK3LS9`S-950$?\U]&J'V[]42^1XXS&WU!00#O+^ND8[^G&'>:S9/UO<%J=)_ M\K]K;PO;=Z0'D@=/C$PR/9J,R4&T`TBE3,"_E_5L'>[M0V9?YIX/F?X*M2/P M.9#'6*&]N_JK_F7]4"I-Z+;A@O"6UPG?(U]BPH,[I]H"/7((]2@VT?0E*CK, M,*I6S-S9"UG:@WS@RI31;0:D+L/UXR]%_$&.ME0/65D3AB\<,-`CAV$A? M!)M]".B0;$/FR-DN@JAV].*_;P_0!5=2R8MG4.:$"5X:Z1...:`%4$#I&<#T M:RKAHK"#)0@[_AJ\&V4-OHP8X';C$G89P`.P$\=`I6\?\-'6:`G"B[,&HAB# M+"UT(+:@#Z\TH,'8@#$P4>H_4%0UBO.>WL-7L'L\YNB&$HCZ:QYR=($/QA#L M;SDJK:'0/^*XO$DXR[!G%T&\1-FKI!*H?P29;B\P@\XWV'6T[C4]Y-7@P+5:QK8[E5L*N#`FA%H M>3&^644$QO(%F^[LW2K2[0[84+=S'06JG\UTXH&=S?3D;7A2P04#L44$-W4@&!+QG@A:DPD MH=)UA$G&L5>HP05*=O>B\QX,1(RN8$`76C;?,'S$[L'T$L;C&+^/ MYQHPFC?9G`8&<@506)L2`"8P<=&`NA5P7P&6CU)<6-US".`1RP=2E.4E*3;: MUC\]"*"'\H9,]M[*ZSZ&T=$!`\/]'X-@-U4HR/*OY#FR=ZED;\$T-\XHS=L/ M.,0^S5.6?F?-'>KGPG694$=DH%2XEVB]Y+@3)EBZW(.[849:(*_0 MK4#GUY&B'H'V,8/E,^N32/9!DJQ/`-440"O=+R@+E$^V*.E2)@,HL)IV%;-[ MA>PR"&#U^I`-5 MLP1#L,4/T+4\#-OY-Y#]#F"SJ+`U_AK#=D:!X!3YNZ=0^F"UL/8=.\[Z,DMA@ZQN3_0&J-N-;,@ M`;ZQ9!5E\,Z2%@/TK24+5VJ_OD+YL%AJ_I!L-+_(Z,VAJV)9D'9&->RTR"E_ M.\IB5W1Y@C<%J7O47D>/N/R4Y@5)JZ?&LNEVO$]%=$S[A*N[@G[R0$%X+:?6 MC2S(`63U[J*3/*P(7F1XH"KC!653+'#2E@NQ+QYU;,C%RS>:?Q74&2-&<==L\K?%\_TT:ITWG)A",1,L!L]>`GGV$U$UM'^A4; M!MJA4EEKWWZ"K(G= MA7FR3L&;^!\]/]&POF`*!5?6+.`>#%!J1,5H+PTB`RR^G"E&'^8%<-7/\VEZ M/<^S)F!BR=8X2J!*^2VS:AW"X7(6U;R^TK3<.(G*--9(I(&%L3`CX[*E*0$7 MMS@#%P.M:%_$:=N8K!"'AS$U'];G8]-AHE&DN.8:CA6^2[-=I6V, MH84.PQ+WF#?98@T*;HT]/ISLL<8(PR+-[,_)Z@BK=&(V&,O\&TYO[RA#:RII M=(L_[^YO,+G8#%HO6,[P_,G`V/)8<64C]Z4!M9<;Q^=`8QLR1Y&@PUX"XRU# M!KU"EC\3G%A$5--!@A"K::V[2TFT6M\8Q-FAZPR8XEY/&F%;KC9.]B(0NLW" MQ*A3F**)],A**O[/XQ3/P]K8COEY/,VT&-%DKGJIK88.BO4$>--5V$4M"8""[ZG$8Z>07,2&%+IY0L\9-93F+U!W?Z*C&(0)=P%C>5VP M!D5YG&:X=^YZ74QCY/,,!?2DX8S3UGO><(9Q%E\#YQ-B^+Y?-Q2KKF@'0\-* M#/KQ=`:[E#N&FTK23F5>%URPO[*?8S:+6WD6=\TL.CGY@WOU\/=CY=<&8_4?8)[EEHQ7MY]QHO`'B/OOJVJNT$PB MBF,/H*EE&=<92&VXESO6L<1J9&-Y6;Z!% MEQWHE]`/8#Z`Y\ZGXAZP&9?L.#3!2!\$)A!7L2D'T/+G4'OH(0^*7A'VM[B7 M6V!,P;R#,#((I`*+MR'];GE8L:#4W$F8ON8;4>",P8$MA4K5#WV:;@XMH/L' M\3[Y?1!U;,4V@1>YO.[0OU1?*BI=OLX3Q@[;C"FW1^ZX`-&7KV!M..:*N&Q\ MYL>5^CX=70AZL1IB))"@P1>0E@I(%#>1B+V8B.4>JA4[YV]D3&:5T1KL+2SD ME-LPP?J[M-P6991=D//[;902<5S5A"14A/=-3*(7WX<&F.OP%W3/A;@3@'`E MOMQI5;$AQ-X$[DBQW4E#C*MD2P[0MTPFM%^!NPA1_P.BW^E4Y_3:)NR\,3ZDJ(S M`;"N!YXB[C5"<,0&[(W@Q>&PS.*._L8>F\[EPS<14S*/G:7139H!55L<+%U# M`#UO2+Q@DG:'M369($HKAM*R)BDY'2W5/K1DP0G%Z!2"F.U,0IC6M'QZX%F9 M,CZ-DW;0`1B.G7>-K9SKQ8`TC4N":929-+FRINUFGO"6;,K3P4.)A6),/J*; MK#-^^(=(?ST9+[-F)^E'B"FQH0;Z9LD,A-> M="Y4']A"VO4ZCHM=7I67T1-K>7--HD3??-8-.12[-8EFME,59C@1IYX[Q`&I!=:<2R6M4> M7E`VI>1M6'4I`$TKF[2%"\/2W"33VQD7^*->*M`,"IOZ_5WJ9^R10=$2",7> M;"):,B@:['#B3#.'FA[0ZI0)3"OK@T72I4VXI%*E>R?S1UGFST.90[QCIID] M'P*AWRE3F:0[-LS-85_^E%>K/.\8!'R/;+K[8\'9I.@!/<&]3R.AH&S4060' M6S50">S>IY53Z[W/M*$0XKU/?_$L=ML2#.W>)]W5UK?(UO$_=BG!39'`)16O M,M3\C"$`]/2AMXB]5Q&=L:$B75\.S?<.M@X5Z,L_M'BPB#4!=E>Q)M'6,*T0 MI[(RUS*%N*H>[-3"7T4/6SV#BG2U_.DCW3JX52Z6`:^5TZV1P5GA69I'>3Q! M;&LD%)15.HCL8)T&*H'%ME9.K;'MIJ$08FSK+Y[%;EN"P<6VI(@Q3O@;11_3 MG-W"/"4XT=[Y,L!#/=IM$:#_?+<&&.XA;R-#PUZR!2'%5]X.$..`9OV\5QX`SB"F_K./ABXV(0!G@8@[`* M(!N$%GCQQC<63A0M&!IXIC46]5EJFWF`$)[FO'SVXZP@E-UZ&TSEXEWGO[!R M=,N&U(0(F^VPBZ3*_U-05"'RBU(/"?`L:'L:+QGI'8Y_+Q7QIOOYIA.Q8`[0/42W'*8[4`JGJ,6=6\TU!9;B MX/F.@HZ?D&@3Q-GZ>*ETY^Q2@VY!W2M&/HR,41.[](*G?I66<%71_BZ_Q8W62Z?,PTP_S#=J,8;HF M,Q_%&%`;T'GD<+.MQ=?5A825AUFAWD!\2>[Y%SHG[6#RPR3=<.@W-B#B(P(Z MH8XAGE]K6W-O:-)S%G6YD.)`C6.G&0J>GTE#Z*X^#(\ M!;O#WB^\8\W)H/=+$$NPL\0GLL2V%?=@JH'KOWDR1AF`FB18X]4IV':VA.5[ ML\XBGK2TB6.DSM1KPHA37B&Y'51[$A7&J1ZH'TBT%#O``K3U=!&C; M>)J`EVW9:>?$52L,/F;NM65226`:9X[F/JZY)P()]*F&F\K9M>N`H?K:FUCO MM[-702Z_G3"PH>BFFM\>59C<(X86Q.:`L71-.6(,V4)^#2R,IA@9EQ5%"0@5 M=!N8L6C+X@'T>%8#"7/?1R1G5<27F/!@W.((]>`P"FYC7]9Q'>SB[M#,B*I` MAKV`L<5$[)>"<(G[,MC2O4;;#74!C2X*;46#4WT4,V0),\(L[4#LS`WUB*(CCH$^\&K@^A@G! MEZK$L?E3"TXX2F7TJT8$*-_JP)2K>BWN9@_D7<(*Q-VVKX9YI&$-&[S8A M]DK<=>``:5@++[I0XYH]-A>$>U6(8/.N9I1@E,CH6TWP@-=C5+/2)!N&TG(6V.W)=(P.IJ=/9^%*#<_Q@NO11W^4K^*222B"AL,;A5 MI&[RSJ_Z\7>36$LQ0@IR6A#"GMLL0*822I&D> ML^,-&AD9)-$)9`GY$M_A9)?AB\T5ICYB%U<[PNZBYHE<>6@S3&\J0.^2CA.V M]V"I'PFPETS'L#FL%-K=WT?DB=6.TH&SHTU!OD8DX1U*2E45T?)/GDXC9TV% M"=JCPTVW5RE+S98]IX,",][3*(MW67VEYO/NGK5;+PA_OCTO[M.<_7:>#X[^ M^.-"SK8]S2#0IC_E5*D]PQ0CP#N.Z:10;;.V.U'3*-H=W41E&G-C2])L5_&& M!NTQ>0ER3+[(1,B.1QJ&_=H.Q*=%&HI=H%>>R8?HE]8T$N)?:?J`O^"8.E76 ME>(]?VP=)ZPOH:0+%QO?6I8Y!H+V3U-/F=I'334*O)^:5I+A%=.M<%-5@=J6 M;-PC\4NVL>C,QMN9H;S@;2[XN+S-13XBR1?-+%C+7[CQ)4E]34_I+CP M^KS&?V'(D&5EG7'B..FN9,IRU2\; MZ[),CLA`Z4LOT7IY2R=,L(2E!W<:"QNJ8//.Z?*9RD.D:9%[MWY[GN.]6JX% MMQ!*N=:$L)0J8; M#F@[,?/T]385,XT%MK6859ZA;Q&;B:@!9SN-6P:/HE)L+%2.)V(#+G]"`C$W M*O\DC>>*C0SYM(&6;Z_N[5T66G8E,N^9; ML&)!/7/@)$S_L0,C"I0+<&+K&SPN&2=7_TBDO;C/$%&-"9AL5,GD(7Y(QN)J M(0`O@>B8<%.6611]R[NKOL\MSW\X!EN`),D[;+: MK)EX"='SRH/COE>I80-1Z]HLO5J;^Q`(P`2<1+2M6@LV-1\9XOGU_:ZKN](< ML?<_[Z,*H.KY8"F4RW68G\_:!H4U?ZCZ$%=5CF`6>4E M``&(&"3ZC<&"II-DQM\5]U&Z?Z)M!H6*(_1L]P.'(1Q`.DG'A%T]!#3D;5CN MF$\CDG2\E9\P.V70B&O$`+KG:A>B=ZE5#PYV@]7&TC"\%"LJ0T$2#MIFNQ+] M)E#G*8\QV<)4_S9E744/,J MHJT*+2AFK45EGMR.JQ=36P:/?:ZB2A7=J@``K$+)8FL3O4^7M0C%T(H.K10& M,2!-0+B,AKFS2BC0+`JFC$#5()!*-HPX59\#*9HQPI1531-<+JQL#NQ.KF[I M34'8V/J5?@`"H6YJ-CMUZW^^L+JI!E?D=RA4K6Z02[TWMUFM>/DM2W'"KOP^ MS$]M*JRTS6PI^Q``AJ)FLK63_L?+FHEJ;-4KAC@`(_'D-203<6=]O(%,DW!C MQZB&)+'T.5!J;9_!7CZM^7#Y)%I_Y&'FC'T.GTYE7!BS8ST(P&]8G_V2/H;Y MEHTV7'_/X'G13]%C>K^[-W[7>S`PW[:24?G[[@$L_HTK1A]\YS4,V.(X):\+ M:FB:VS6T#P.DH2I&>QHJ`RROH3:S_]Z5I4&!$1PD<6AE7THB:F&73BA: M&%&_-';=OC063+N!D9)4RTOBD#8=+TI"<0"WOBHWLU^W>U8048S[&>LN+_N3 M"6=1A7^*'('E@& M+1;";VI:DYYW#%FE?+%^M-$M7M^S*K>+755649Y03M0Y:$\2(.+"Q^J_Y MCG5"B;;T]^JI>SSD#./.%WD$2X[TPHG>O2;`%L8[$0LBGO?@U#VP%T110W6% M.KJ($I8"DI#B^T.FHI8X8S.RP;BU])GC_#45E3+%O%%YL3G/*TSG2YTT\\`. M)+HW"V<,[-6H\#&]B2_G<+XFPM=(WKFWH1-,*.\E9B,.:<1)YQ1G5#0^ZFO; M#\0CG9S3UMIV&<2F-4:4>2;5#8C`Z76K2,I$NQ8++N5N827GQ\L79)J>RL+%?D==T[%71G0/,YQP7B.4/?_>0PLB1%?RY)-E;]#1 M.\A=]6C)+DE*-]#W$>M(0=?1)+B]\_O';4I&&=``,QP#T@AE,Z`]M"`,2,F3 MNP%UZ,$9D)MDG\(P'=YY_`HW3X]NSD3[N3J2KZZQ3.W M]HM-SP<4A(>B>;*._[%+RU07N(ZE!+#7.TSH=O,WCLRRN\%#>-26?[Z@2DS^>T'@FF,02[(^W_07;%J/MSP`'R/CT"MIW%!6M:ON'-D MJ%9J^K((9%1C(ZI6'!_$7QP@V/JF+-B#=>B^MA\R8R]OJT>8Y!NJ+3VNOZ'; M[AO"##^P%%-]<690R_*.-YD4570>VQXWMV9]1]*]Y< MP!J6L2%!MJX=#6F/?L`\-.+RDC76X)P5M>VO]8=4E$YC\+BBKJ=LY)9$-.[H M[6A`!NPH3L]0+3C+&Z030T/#$VB2[4F8*^`]^TB9UK=T<;QE/0V:^L>-L*-. M5F%*_YJ1\0M2HM]3D4A#-6T=4KNM351S>OL';E?%N_J.JN@#?&V MJ&WPQJ$D%IJ_-9\\XUK)I\-D%&1A7/2)+TS1C M-FL8VTZ+4V)Q-$X'1LW([-$M:6P&VVP!Q/"2L0)7>(+.:7OD7K9S*I^\HYS. M:2K-:=R?4]<]QS)'`/^*,PEXY+#.JY2SE;)'KF)6[)3B\OVCD.&,NM+>_.VO MH<8TY42T@5[XF7)B>D_]3$$8*@"3!UAGG!&L4ZT843QBS.2\ZM^%*[ZK!?V;?)G;1PJY=T M,NA,8A*GK)8LC3'O9/FQ^(J)^(D=X.A*T68=$J@>E)>:7Z;A M_K#&0UN&R.^P2@O\"F6,BCB-7-Q]`4P')W[$&H,D2!YTU<3U4CFK:#HBPGLQ M-.)CL_+Q>E+Y\(B/ND*<`_$+^JB:T&_4Y_VZW2[M\P9#_@OX/,TTSN;S]L;[ ME_!Y2IF\?=Z.4?E7\'ENTS&GS^,<'.SSU#G&LR@E?XVR'?Z$(W;XP+;?I<.] M9S<\@*R?CT!M^LX%:=D\G#M'`U5DJ(CC(ADYG,ZCW[)LUA35H<(]<.'N)63( M!%%9XJIL1>K.**_87I4,VR+Z(`*E=IQ%ZN5MK%A@21E'SDS:5FQ0Q,FP7F*D MP>.5)P#YEK$""<05DGQ$A[Q"+?JDKZ.R7.YU](A=UDP3-,B;J3;FI>=3=:!+ MOZ1JYD/Q\B=/MG.,@,"TXBAKXQ1>DT2RW\/#Y^2%YNS-*?%_(G* M.#TY?X* M/#P+8/38]@35%.DFA?Y"%XHT3G$>/[VHC5J;)>]6P&XD"%N?:6KHC@?=U%/# M9X)[@7HF8HGJM^`0+K:8-<^:U"$H:8;N$`P3X>\0'&8@`(>@%GD&A]`.-)M# M<(N+9YJ:;\`A-&&^E.59Y\E%=8?)QU0TT:$B?J8&M:-@VNR)/QD8LQ\K;F/I MA\HYFW&/$$R[X^LE(MF=5$X&2716J*,$L8#/)>V$IP;"!>@[6ZE2K78<@!,$ M5T':"RF!7ZAJWYKP+":FD&A'KW3L]U8A0N_L^F_AD'] MSY!+;GF4G1'"/'6"B'T].";+(60C,$3 MO"D(6UDN"\+/TJN*I#>[BO4AH3F&M>9K.-"2=B M<%V;IR/Z]E%'7<\9^1G MF6"\L%S/9!-H\T63S]SBSFF*J1KAK;IA43TN8@/7G[-Z;>G:>#U\OZ>O[/%" M46BF\&:831:0@^:^`4DILY>$X, M4=+JVPB3V!28A=>]O7<0Q?"<@N,DN/@#3^E!7(%=W!%>X!LT?_]YD.^I(((S MGH.A\C%?4.1-&J;0^@S03.[J@;? M6NNB>$RSN)$M:%Q502->G6D=(AY;)L-<$!L1I@V7G:B&MS!Z3(;+XCAB%D`6 M2#>Q1RR2LAD#K)5& M^#"F[BU@8]2C)9O-?'U$<6L6PBR28:+?ZG\9"<1I@*3YIY=0EJ+^^2,=E/Y. M?Z,_L")C^LM_`U!+`P04````"``\4BM!0:WJY7<9``!7H0$`%0`<`&AA`L``00E#@``!#D!``#M M/5USVSB2[U=U_X'K?-(Z%9_`8UN-!H__^-Y%3A/`$<0A9^.SD_.CAP0 M>LB'X>+341(=NY$'X9$3Q6[HNP$*P:>C$!W]XW_^^[]^_LOQ\;\N9W>.C[QD M!<+8\3!P8^`[CR_.;.9G`=WL0`X_Q7G_.R$_N_\QP]_=\9H_8+A M8AD[;\9_JT`='V>_<>E&!">!8S_V]N0\_2:`X>^/Y"N',!!&GXZ6<;S^Z?3T M^_?O)\^/.#A!>''Z]NSLW6D^\"@=^=-S!"NCO[_+QYZ?_NO+W5=O"5;N,0PI MRUX!1='PX,X_?OQXRKXE0R/X4\3@[Y#GQDRDK70YPA'T7\?YL&/ZT?'YV^-W MYR?/D7]$9.`X/V,4@!F8.XR`G^*7-=%/!%?K@!+./EMB,"=4N%%,,)R_/?N0 MPO_U*M/:*/2OPQC&+[?A'.$5H_K(H7B_S6XWY"\0Q4",(CKQT.J4?GTJQW"Z M*X&7;D`5\'4)0!RI450#Z9:$J8L)LTL00\\-MJ"G!K\S<5]C,MFH_*/)?+(& MF,E=45`BV$Z)&KO1\B9`W[>@J03:@1(C2%!.,8@(<@W[Y@)V("'D_<[6M#%: MK4$8:5`D@NV"*`S&`8K([\T(N_@)*%/4!-R9G#L4+AX`7EV!QUB-CBK$S@3< M$A>X`E.`OR[)K%4CH0ZS,Q$W+L2_N$$"O@`W2G`Z-]1H$8!V))<']QDH$E(! MV-TN8`P7S.:)SQFCD/X8V:U`56ID\#L3-P,>=8:>AQ*&>(I12/[T=/36AF,? M$_W!?0Q4!2@![WC.Z5#%A]S32GT%8A<&ZO*2H=B'.G7I$\)WNHIK4<4%[-B^ MM`@2@.Z'I$FXE<,I0^_']6B)3(ZA2T>TA2:K<'M>^:1)&1N"[MG^$115:P7,,0A_X.;44[PY!9X8:QA3+V9ES M[.3CRW^ZH>^DP$X9FI%+"`Z05Z$QH+$\PFT"I9_$B-O]!C%V/7B'%'@/H(@ MQ:0(=ZI'8BI%EE.(@'>R0$^G/H"GE&KZ!R/_^.P\RRC\E7ST6_KC,["`]#?# M^-Y=@1J]XF$;\LHJ'^$JJ2[V M1@62L8"P#_"G(_+C1TX2$=+0FB*A`?L:0X0)R*>C\\-I8DRXPFYP2^;(\_^" M%Z$J&N,,U$6#ATP9/_2OC)RI!X*6HX/JUT:)ODIZ)O'WPY$XV=Y`1-CQKXBO MD8B^-LY('=1XR)3Q8__*&!'J?$KA3>`N.$JH?6^4\&NT9T(_/^M?ZCDW-S#R MW.#_@(MOR">19!(T1AJE"2$7N4X&X)6K-*835DTKE;$&ZZ7"1ZZ9`;CH<8)Q MQ7C$/D,\U"B]B-G(U3(`/YYR$M@7"XDUL;911RN!RD.MA`"X\VV*C MU0J%+"O)DD;1)(G9T3X)LL6QA13(0"W)&2I"0"6E_7Q:3W#L(^U1.]FNYCG. MSVFF8Y.-(7^/41BA`/JL'".#=3+@K4UM[D:/3$M)=+QPW75J;R"(H_R3NN%E M'_^V(6TROX$A(082/X(B*,F*Z(%N/W^V9VH4142<+>37!_4Q6[;1`ITP(AZD M.1(P!\0K^7=9;DM$-2/Y">!'%`$VMK,%<5>%9EY52:^-L7VJEV^/344VB+95 MG[2(A)[SDO]<_Y'`)S>@J>I1/'8Q?B'+*SN>$.A7$;9_?0O,M:QV15YL-8/; M\(GP2_9C]T`TFZM#C%!JE61IIM1@W4TQ6+O0OWZF9^>`&/$D7@)<$9)`I4J0 M1FA:B1-IXM9@`U!1M8E*Y:N/'R?JJ"]&L1MTH#S^Z>:,BC-(:>>=8E:_[U\1 M/`UP"+5W]41K@..7*8G_6)A,O/^:!@!B3R@'&:9&U6BW=87\C)#_'0:!0*'% MU\-67D%G9VOAP!15`!NSYHB3%E$`-1O4K8*6/#8FWCA)#> MD)18UZ+Q1FE:Q,3K6[![:"V;RR@*+&K%C8)``:B8&W_+./) MUIR&]DY]J'OS712OL".W+D]9$TO`=^# M>#)_<)_%D;8>%G.,0YLU:X])'C#K`/#2ZO]Y`\U1.(_Z#HY5/J8Z#<&"FM)0 M=-H4C7)@9I).>=3+KSP9FVMIBU2W/"(S-_QNYZR[%7M0EG"545YJE9(7'>KD MXO31F&HI^IQFEG-Q89FKSQLWW9%M\60^)EP(0P'^4%--@,]-G@)X__;D0GZ5 M;!>M]W8-K=;0-$.\N9-VKGXGS7E3P?6W_]Q1$U7@5F),HEOR4_17V@ISE?)W`+(.EZ,5PC'\DWTN+(YM#\UW1&^2677/O:UIX.H!!EF^ M)Y@)VV>A;]$%5^'P1@QLHNFH\F9KGT5!*#<0*M?/Z20F:@!FL^\J)9\JX MRLEN/M)$37,9D3<,ZU3!A\GRBEZ'JF5XWTJ[CA5('#1W"C3.FV^AF_B0C.DE MSYN>TFRH:TGM"D?WEX[$]_CY0_N<"3;FM7,&)P!#RU"Y@T^PSEME.5'EV3I_]U=B*)8)D\L1X%8P:N1`'5EM9W?L8HBJ88S8456941ANBN M0G-W2;9!:>XK"`C.Q6<0DA`ZH)4'_@J&[-6J&#Z!K"^D*`Y4!#9$WZKL6)MS MFV(P(3P2&=!E2[1);8PR1+T-N@^86CMP:X,T'Q8NBJM``EUR1QJB3R[MN4XM MZS5VCT)493?OV"O/,"K`&:)M!4YRW5N7.+H-8T"4$\N]<6-4GYI5-MAJV_$: M![FG?6?9#3=V?4,H(M%:W0)DG+K;&!I@3K[#0R+JKVZ($,>(/L6<$/:+8ZQ+ M,$<8E*[\?($AHSF?(61S6L62WB+Y`N(E\FGW_BAFIV/2@Z<#46"<71Y4.IT= M=@QJO[(132;N2Q)3B9,#PM&&F@Z'$UL/-.Y!W!IDU,88I]0:_7:>=.1]1O+B MT4LW@IY`H8*QQBE6P,<03T'VHN,K&"2QL'A2.-IX/6\XL?9`Y5<`%TO"XHC0 MY2[`?;)Z!'@R;Q00MJ0/]-$8DDW09RP/1JSSX*JBD#D$31Q]&LFV,V,;ZZGZ MD]>QR&1K:U.>_K^3-.C1L2$5;%9:DPKCMM;)"80J$HG>FB3&8J4=R1@^5%_O MP]>5T]=(;P+TO5E6_H-&63G%XC`T?9>5EVX4;%A3;QO"`>DI54`IF6+T!(EB M+U^^1;2MT>88;^3%\"GMD--RJ+4%HH''4 MP9$VP,/1;+&3B1X0K08//1B`"NL/J)L%8S\_9;Z=[45M[,^%0Z[4MY'R`4[RC[J2% M30M\276(S2;`Y]C6@\Q&GU6ED^M6J-=A("U"&&`S*KY7H"*95%H\DD_BKS'Y M;=J5CS)*)<+=&ZC#VFP3FJ(8XE&KS#2N8+1&D1M,\.UJ[4*<1O5YAT9)Y\LM M<;P24]$1B;5GMGD)`O#IG(P]KN6DTAT,+4D/P:%#8H:('IN?I# M1&BR/<6`>&`_W]/GU579DQ/<+,FNR&RR&C6.=\^?F&).O#?AEET$-AD)&(N.\BL#-/' MJ!]][EP^8L,9KPZWARH(&X3!I+?P.J@[DB*RH.Y(RI^M)X%D0Y:E(4;>'PG$ M0/>)(QT$`UQE%&9'I;>*!K>VQM+JDMQY?;'!9'2XM?.2M$`"6<_PW1V3%)$% MCDG*GZTQ-!&"!X#/F@K0N8&6(G640?A=>9K M)W,5_4O&FZ]_"7.Y_FUK'93OM&X0)MQG!7J$[>*5D)8-J0S0?(M0X;+H$V:7 M:7#20\5UK_$2>+]''&FJ9]24D)EO0MMR;FLHK"[5G;>G-IB/#K=V)MPH^R3D MI_^A8?^3&]`5>0H(77Y]<@E,1@^%2;&,'F=V]AKBRV!$'P'!+V2*L%VI'Q/!3BKF>=^KG#]"NBS>$B>LFI0+J16M:MB%BE<^Q2M060[],6^D-Y**[4LMY9D>X>^GLOPOIA:8? MB#E=!N)D?O<_T^>ZTJDM55X8Z%Q,ASM6/%37-,*6\-)AL1"]K2]$#/"803H5 MT#[N[F\(8R<]&UIF(*`K/0N4F*=YI.3FH53+(K0KTEZ:&*C2?%FFN6VQV1EK MGVM+-[91:7>PJS@L7$,P&!.1D(]G!#$N&B04"\@[S@)"_IN!.3E<+\>FZ46_ MEX*\UNNT$HA.N@UP1"J:I0KC^XT96J6[:08@Y\*V:7.'PL4#P*LK\!@WY\L/ M]?E"AQ_'9+S#`'IID?,8*\\1T>`^W&)9TFW.3C"V5Q/H270]IFD61\GS.I30>R1T,LGD\W M+L3L//$+<.F,J3P=5TRK]_5I1>$. MI/K@/DSX*K*:=S"&BSS1FS[@N0"A!WDS[<=&H+4!=MR0)C?+X'V41J'5"J9- ML>K<*,]%31R]5("ID-@V7W61]#F#M])KI41,DUG;9OD,>`19UD*'?#7%*"1_ M>J+]Z\?Z3$\1.`4&IX:BCV<1-L2,ERY1)U7M-<8(CQ'1C\>J?-J>.]!"T5=QKT6+5MGO/2PK1;5F.*7RB>,CAO4OA>WG+J][BA MFTZUWA+X20#HLP"$CL2+$TRK=4*_?`;6-H&UL1APC+$U;[;-V6J*5C1=6Q.U MO`^S$5_'E12!HJW1T]D<:>;M1N$/Q-8X6O+>_LY\TQO?[*P<%=2 M3VP)MR2JF:T^]R,6I+8JZ9I,J#,4!,0(J8D*V&B%,BAUU,Q\3(+X2U=_E"3-;QAPM8^93P!:36=TD%@LB6TL&9K MYUR>#+Z"F&RP_%]AO*1=%#0,HP%I@44T>++UO9D=77W?O:0Z4G>Y>U173<6D MW:,.?Z]*&$ZU7*_J.:]K[$4K&(*\!?.-Z]%WJU[869>`=LEX0RY*[1RH>CQ:?[0`538[63057?)XW#(ZDOM=TS_V1FR)E?IG&0,#S%+QCSHWZ3FNLOA#AJP=/L4#3#KPU<$6CYD;\WP= M;\#@/1>/Z,ZT$>Q=#5Q'Q!_2VU$9UV::LE=R(\.0/GQ$F)(L7I,:0_J7OF`M M:E!JC&N@)Z1R+=1'#%8)=4('Z`^ZV4730VY)F%3Z?O">@T.S-#<\!-%+=[R5 M$;WNH>I6TA"WTEK5L\"_N,]PE:RD(J^-Z5WH56++8J]1JBIXTUH:?X%AN]*J M8X:LM"JE4J]BL-)XRS7][#8&*Y&G:8$QQONT\"$]HNH^*JGVUVHI1I8.'YH" M&O94"F`D;`QP,[VW*5<_*[]!.#U$OP>BTQE]-#UNX5N-NVU>RCD;H*F(PM\F M:X0/VBS`)?NV%4TUE]X$Y(?'FBB&KO;MN+(US$O#W>)8@7;E_THX5%O+GQ+4QH&;R[)O^.7XI^+3<`%--&PW,HXC/& M:+9G<8"52>J^9$1^E'!!YT,TF=^&,2!ZXN\@-:"'KG5MAKJK3=K_H5$A@9%/ M6&-4:D8($L!A%\/H<&+MAH"[&R922"\:$],^UXH0:I"#F-NMEMT>'M38&F!$ ML#=KN'Y>0[R5-30@[;"&!ENVK@WL)N4,K!/L$2F"*48+[*Y&2;PD=/T)_#1N M$AB$*K!Y-J'*V0`#!OXN($M&9Q=7F8U/YA7+1YA)*?1'WA\)C)BL>-N";3&9 M8P0[L6G,YG\&GE#P1"]?I:5J@/`8+CZ3L)CL<2?X^H^$TMS4OQJ<8=I68VJ( MF_Z][0FR,\=&XNR*7=-(4Z<:&P4U=.:8S>Z\=OSZPY%HAJ; MVI@AZ;;%?,NJKG'1F4*I5QZ,.G\%<+&D@D@/&ZJ]ILK[QU1>Q2K+:F):9G]7 MR`TUH*[8MS4!J"H?)O(=32S#T:R5+"](AM3$4=GJY<)?E,D$+W52XSE%=F63`R=G7W$*':#H=A4?:LQ`QX* M:5HOU;)>I"4"-G0OI`$_%]A>&ZP3=P]*\W+1;`VY;H[$ZL]G$4-3S9K0= MFMZP*_]_=G%N7)>TSE_59E-_BG!A)E%]("F6>U$MG.@SPFL M4,@**^X13>JPAS]NP\JS'YFY5=4C*U+(=C4HWTCW@\SS:3:FP9N2&0(L`=I]1KT M`+NL?(>^`YS^!5>-$]O#_.1KL>O]2M'6='2G4ONV7A_:W!L_^1]S[T**A\LH M'";^N'$A_L4-$O`%N#2L8,]H"4LKWM=#$`KN,'BGC*#?"HL-3P6I;6>3)8'HJ#GL1J0*ZZEL=+\O4+5* MMM0Y5LR#K4LG72)2?00!^NZ&GCSY(1[>VS+9;J?EQ5',@*TAU_5\#CR:?=D( MBMYV'Z.0+*$)644G:Y!>A115&NH@,,0*=%C*[.*='27[BZF*(`>!`WG^KAZ*/J;9KL+EQ`OMNXGBH M5U[)LL:F8_K>-P9+$$9DW2L7EN>3_/S=&7O;-0,A?Y,%,2(2\NECSL47D8/F M3@6;0]$Y;[Z%;N)#,K:7&;^AC_9QH:LZL9(*E=FG\DFOC:6/>3^)EP!SJ*)J MN`1SA*E'FR+,YF@<8_B8Q.S5!#1EDZU%!MVA[W/5V-(>R@M'=X(XV+HR#$/\ M%F+@!C0C_$\4T'+"SRX,J=0F87$&.,(PJMV:W0A5TS([^+T^3;7K^:QBPQV( M;!,3VV74'&'=`[**B,U2"F'X&BCE+;.`"ZM*A&6S,6==,AFW<*I*6%_;`J4L MF,P(/[P:(U21^)ZV=J_3#-4DDQ]BOSOY<&%7"M&P^\@=>#W^O>1W5A7"RRQ> M;NNB#H([87R-"TNK4/(UY>+DW?G;O:\JW*34SZ>4I4`L``00E#@``!#D!``#M7%MOX[82?C]`_P./GU*@CNQDLWL2 M)"V\\>["@+,.G+3H6T%+M$U$(EV2NW7W_ZS_5_VVWTY^?Q M$'TCC`BLB(>>J9H;V1T63^B6+]:"SN8*G=S^C"9K-!ZC/F>,^#Y9HW8[`?F, M)=AR%J&=G7;C,NG.28`1>,3D36NNU.+*<9Z?GT^?ST^YF#EGG4[7^?-N^&#T M6I'BU6HB?)I1UY+$X-RA3"K,7)+H^Y0]6=1U\007EXXI;2&% MQ8RH[S@@0`7=L\ZG\VZ"K0NK=8E/`L+45RZ"/IGB MT`>;OT/LTRDE7@MAI02=A(ID%$*64MDFRMO6EP[[PHD*$U4@7JT71&:5)7%/ M9WSI)*7:QVZ[TVUO(V)`=QB4I]=3PM%V#BBU08L(ZF[LJHUB`V@H"%UCQKC" M"AJM>=>2Q8*R*8]?0:"9N1+<)X]@CO3#[^/!KFSK8NRA:AWT[*K;"I/JO?(E#)JW.QTSSNHC38`\'S+F>0^]4Q7VB(C/D49 M;*3!T!=V?KYT\>K[B$'K8B/UJG@%(`J[)UA`$L76L8K-TL>^&_@L, MMY[MMHNE"4.O(6Y,7`BPY[H\9+KH7G`&CVZ4SWO(L4M)S&!-72N5'SJ70%^? M2M?G,A0$7B)8M,5%66!TDD`W[.78&W(V>R1Z[)JH/E&8^C%590567CYV/N1Y MT1AM!2!(HZ"3&*LW<45 MPU9=7IJQ:QBJ!0"NM',5,GP2]F]`V9 M^8Q]O;7Z,"=$Q9TE*[+OB'6M.V(Q$HJ@FM1;4G\/+1PM]:`(UEVPEI\KLY)SML8>\!7V/O>-_(T6W6,Z_ M^ORY;+-_4V0GZ,,^F_R`B0QH0Y!MH),4"+A/!9J,<,4"*SEGG<)NB\'07*11 M&@;J3)%M<^,J'LHGQ>WBI+BAHG(1N7/Y6$5"O85CP\#NTZKB,555SBO.IYID MVS86RW84JQ)>N978I+S&.93E`*J*@+HG3PT/.P]D"R>Q53FW'L$VB&+&45]#PO\)@OX$R^TL9L(:6?>[TU+G+4T7/WG=X_@\H MTG_T[<,>JCQ#Q0N],U]P\UVYP/%W-]4 M4AKXM9.^'PMOV?NSUQ`W%PJQP@UFVWWJZ+[VD+L&R&*BW]J)75N+VMVS]GGW M="6]Q,=]7-CF8#\7$KO7N5"XDES+B[R5]N%2^]#]^"H?TG>I]_.#L^\O=&6* MY<2`A;(]PWAA+JLG%\%W.&$<*#5TB*]D(FEOH>KYDKF9[A%:VY>\C7YX7>UD MY<[WKGYC9)Y>YX"9MXCUWCZD[9*7EWE2^)Z@9@=-#'13O,C4IS\8B;^`D-%W M(B",!<8+^^EO;R*5P&Z\5:/'\K_JJ4<_".;CDBN0P6QPH$B@ITP05`AJ5(7: MXIO@X2)1I*`"`[-YA@&; MZY]QOR>E.6B-XL[*T@X'G!&%Q;JVRWDWBB%$P[=*BB;1.2"$1B94[?8;)M-A MH*=?Q.L3F/6XU"2B+)Q:JN\4I2N(9PLSD"2B[WDA6ZK//W:&52N0'"\18ACA;FQL@C3X84T(S@.G@PF@I.9KVJ1\J+4T?T>03<]`JCBR=I4AZX-;7GN>9/4#LUPC,HGQD(=Y1 M1H,PZ"TQ!2SJPYI]-!U21N`WPRQNOG)A(F)>SX6ID*017A3S2ZWC=@J-%+S5 M)T,_-&98;G%_"9F.?+PEX#B;?1,$>I(8B2_ZWSML%S5U=(]T9CA@L*Z$F=\Z M.VH4Q.\^;*1;#'9-.[J/&@:>D5Z@M\U&H=+[!_J_IVP'Z3W-#MGL-ML;^P39 M6Q(!KNHA'"9I`P9MBDAEBV^7Q?OVJ-0%BAVCHTWCR(;$+RN72+E[3$M"JM9[ M_WW#:R?:)8;'?P!02P$"'@,4````"``\4BM!(QTTEK,[``!BJP(`$0`8```` M```!````I($`````:&%S="TR,#$R,#`L``00E M#@``!#D!``!02P$"'@,4````"``\4BM!P5OS(9,,``!VE0``%0`8```````! M````I('^.P``:&%S="TR,#$R,#&UL550%``,32$]0=7@+``$$ M)0X```0Y`0``4$L!`AX#%`````@`/%(K04)[O?!4!0``MC@``!4`&``````` M`0```*2!X$@``&AA`Q0````(`#Q2*T$9BUTVZBL``'1;`@`5`!@````` M``$```"D@8-.``!H87-T+3(P,3(P-S,Q7VQA8BYX;6Q55`4``Q-(3U!U>`L` M`00E#@``!#D!``!02P$"'@,4````"``\4BM!0:WJY7<9``!7H0$`%0`8```` M```!````I(&\>@``:&%S="TR,#$R,#&UL550%``,32$]0=7@+ M``$$)0X```0Y`0``4$L!`AX#%`````@`/%(K09S6@&QD"```D$@``!$`&``` M`````0```*2!@I0``&AA'-D550%``,32$]0=7@+``$$ ?)0X```0Y`0``4$L%!@`````&``8`&@(``#&=```````` ` end XML 39 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 19 132 1 false 6 0 false 4 false false R1.htm 00 - Document - Document and Entity Information Sheet http://gohastings.com/role/DocumentAndEntityInformation Document and Entity Information true false R2.htm 0110 - Statement - Consolidated Balance Sheets Sheet http://gohastings.com/role/BalanceSheets Consolidated Balance Sheets false false R3.htm 0111 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://gohastings.com/role/BalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) false false R4.htm 0120 - Statement - Consolidated Statements of Operations (Unaudited) Sheet http://gohastings.com/role/StatementsOfOperations Consolidated Statements of Operations (Unaudited) false false R5.htm 0130 - Statement - Consolidated Statements of Comprehensive Loss (Unaudited) Sheet http://gohastings.com/role/StatementsOfComprehensiveLoss Consolidated Statements of Comprehensive Loss (Unaudited) false false R6.htm 0140 - Statement - Consolidated Statements of Cash Flows (Unaudited) Sheet http://gohastings.com/role/StatementsOfCashFlows Consolidated Statements of Cash Flows (Unaudited) false false R7.htm 0201 - Disclosure - Basis of Presentation Sheet http://gohastings.com/role/BasisOfPresentation Basis of Presentation false false R8.htm 0202 - Disclosure - Stock-Based Compensation Sheet http://gohastings.com/role/StockBasedCompensation Stock-Based Compensation false false R9.htm 0203 - Disclosure - Store Closing Reserve Sheet http://gohastings.com/role/StoreClosingReserve Store Closing Reserve false false R10.htm 0204 - Disclosure - Long-term Debt Sheet http://gohastings.com/role/LongTermDebt Long-term Debt false false R11.htm 0205 - Disclosure - Income per Share Sheet http://gohastings.com/role/IncomePerShare Income per Share false false R12.htm 0206 - Disclosure - Fair Value Measurements Sheet http://gohastings.com/role/FairValueMeasurements Fair Value Measurements false false R13.htm 0207 - Disclosure - Income Taxes Sheet http://gohastings.com/role/IncomeTaxes Income Taxes false false R14.htm 0208 - Disclosure - Litigation and Contingencies Sheet http://gohastings.com/role/LitigationAndContingencies Litigation and Contingencies false false R15.htm 0209 - Disclosure - Recent Accounting Pronouncements Sheet http://gohastings.com/role/RecentAccountingPronouncements Recent Accounting Pronouncements false false R16.htm 0409 - Disclosure - Recent Accounting Pronouncements (Policies) Sheet http://gohastings.com/role/RecentAccountingPronouncementsPolicies Recent Accounting Pronouncements (Policies) false false R17.htm 0503 - Disclosure - Store Closing Reserve (Tables) Sheet http://gohastings.com/role/StoreClosingReserveTables Store Closing Reserve (Tables) false false R18.htm 0505 - Disclosure - Income per Share (Tables) Sheet http://gohastings.com/role/IncomePerShareTables Income per Share (Tables) false false R19.htm 0602 - Disclosure - Stock Based Compensation (Details) Sheet http://gohastings.com/role/StockBasedCompensationDetails Stock Based Compensation (Details) false false R20.htm 0603 - Disclosure - Store Closing Reserve (Details) Sheet http://gohastings.com/role/StoreClosingReserveDetails Store Closing Reserve (Details) false false R21.htm 0604 - Disclosure - Long-term Debt (Details) Sheet http://gohastings.com/role/LongTermDebtDetails Long-term Debt (Details) false false R22.htm 0605 - Disclosure - Income per Share (Details) Sheet http://gohastings.com/role/IncomePerShareDetails Income per Share (Details) false false R23.htm 06051 - Disclosure - Income per Share (Details 1) Sheet http://gohastings.com/role/IncomePerShareDetailsOne Income per Share (Details 1) false false R24.htm 0606 - Disclosure - Fair Value Measurements (Details) Sheet http://gohastings.com/role/FairValueMeasurementsDetails Fair Value Measurements (Details) false false R25.htm 0607 - Disclosure - Income Taxes (Details) Sheet http://gohastings.com/role/IncomeTaxesDetails Income Taxes (Details) false false All Reports Book All Reports Process Flow-Through: 0110 - Statement - Consolidated Balance Sheets Process Flow-Through: Removing column 'Jul. 31, 2011' Process Flow-Through: Removing column 'Jan. 31, 2011' Process Flow-Through: 0111 - Statement - Consolidated Balance Sheets (Parenthetical) Process Flow-Through: 0120 - Statement - Consolidated Statements of Operations (Unaudited) Process Flow-Through: 0130 - Statement - Consolidated Statements of Comprehensive Loss (Unaudited) Process Flow-Through: 0140 - Statement - Consolidated Statements of Cash Flows (Unaudited) hast-20120731.xml hast-20120731.xsd hast-20120731_cal.xml hast-20120731_def.xml hast-20120731_lab.xml hast-20120731_pre.xml true true XML 40 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6

Store Closing Reserve (Details) (USD $)
In Thousands, unless otherwise specified
6 Months Ended

Jul. 31, 2012

Summary of roll-forward for store closing reserve

Balance at January 31, 2012 $ 2,558

Additions to provision

Changes in estimates 114

Cash outlay, net (384)

Balance at July 31, 2012 $ 2,288

- Definition

Amount charged against earnings in the period for incurred and estimated costs associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, excluding asset retirement obligations.

+ References+ Details

- Definition

Net total Increase or Decrease in the accrual for restructuring costs during the reporting period.

+ References+ Details

- Definition

Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost.

+ References+ Details

Large accelerated filer

Accelerated filer

Non-accelerated filer

¨ (Do not check if a smaller reporting company)

Smaller reporting company

Store Closing Reserve (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jul. 31, 2012
Summary of roll-forward for store closing reserve
Balance at January 31, 2012	$ 2,558
Additions to provision
Changes in estimates	114
Cash outlay, net	(384)
Balance at July 31, 2012	$ 2,288