10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

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

For the quarterly period ended October 5, 2013

OR

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

For the transition period from ________ to ________.

Commission file number 001-16797

________________________

ADVANCE AUTO PARTS, INC.

(Exact name of registrant as specified in its charter)

________________________

Delaware (State or other jurisdiction of incorporation or organization)     54-2049910 (I.R.S. Employer Identification No.)

5008 Airport Road, Roanoke, Virginia 24012

(Address of Principal Executive Offices)

(Zip Code)

(540) 362-4911

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report).

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 o

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 Registration 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 o

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 definition of “large accelerated filer,” "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer x	Accelerated filer o
Non-accelerated filer o  (Do not check if a smaller reporting company)	Smaller reporting company o

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

As of November 7, 2013, the registrant had outstanding 72,832,095 shares of Common Stock, par value $0.0001 per share (the only class of common stock of the registrant outstanding).

			Page
PART I.	FINANCIAL INFORMATION
	Item 1.	Condensed Consolidated Financial Statements of Advance Auto Parts, Inc. and Subsidiaries (unaudited):
		Condensed Consolidated Balance Sheets as of October 5, 2013, December 29, 2012 and October 6, 2012	1
		Condensed Consolidated Statements of Operations for the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012	2
		Condensed Consolidated Statements of Comprehensive Income for the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012	2
		Condensed Consolidated Statements of Changes in Stockholders' Equity for the Forty Week Periods Ended October 5, 2013 and October 6, 2012	3
		Condensed Consolidated Statements of Cash Flows for the Forty Week Periods Ended October 5, 2013 and October 6, 2012	4
		Notes to the Condensed Consolidated Financial Statements	6
	Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	18
	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	29
	Item 4.	Controls and Procedures	30
PART II.	OTHER INFORMATION
	Item 1A.	Risk Factors	31
	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	32
	Item 6.	Exhibits	33
SIGNATURE			S-1

i

PART I.  FINANCIAL INFORMATION

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF

ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES

Advance Auto Parts, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

October 5, 2013, December 29, 2012 and October 6, 2012

(in thousands, except per share data)

(unaudited)

	October 5, 2013			December 29, 2012			October 6, 2012
Assets
Current assets:
Cash and cash equivalents	$	567,301		$	598,111		$	479,383
Receivables, net	278,977			229,866			204,555
Inventories, net	2,463,978			2,308,609			2,193,369
Other current assets	68,435			47,614			70,582
Total current assets	3,378,691			3,184,200			2,947,889
Property and equipment, net of accumulated depreciation of $1,231,119, $1,102,147 and $1,075,753	1,278,655			1,291,759			1,270,432
Assets held for sale	2,064			788			788
Goodwill	199,835			76,389			76,389
Intangible assets, net	53,963			28,845			28,649
Other assets, net	31,491			31,833			33,059
	$	4,944,699		$	4,613,814		$	4,357,206
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of long-term debt	$	1,030		$	627		$	699
Accounts payable	2,057,615			2,029,814			1,825,162
Accrued expenses	429,171			379,639			413,950
Other current liabilities	148,528			149,558			141,043
Total current liabilities	2,636,344			2,559,638			2,380,854
Long-term debt	604,027			604,461			599,550
Other long-term liabilities	236,480			239,021			229,324
Commitments and contingencies
Stockholders' equity:
Preferred stock, nonvoting, $0.0001 par value	—			—			—
Common stock, voting, $0.0001 par value	7			7			7
Additional paid-in capital	524,741			520,215			515,730
Treasury stock, at cost	(105,732		)	(27,095		)	(25,193		)
Accumulated other comprehensive income	4,608			2,667			2,683
Retained earnings	1,044,224			714,900			654,251
Total stockholders' equity	1,467,848			1,210,694			1,147,478
	$	4,944,699		$	4,613,814		$	4,357,206

The accompanying notes to the condensed consolidated financial statements

are an integral part of these statements.

1

Advance Auto Parts, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

For the Twelve and Forty Week Periods Ended

October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

	Twelve Week Periods Ended						Forty Week Periods Ended
	October 5, 2013			October 6, 2012			October 5, 2013			October 6, 2012
Net sales	$	1,520,144		$	1,457,527		$	5,085,001		$	4,875,802
Cost of sales, including purchasing and warehousing costs	757,204			732,177			2,534,632			2,440,921
Gross profit	762,940			725,350			2,550,369			2,434,881
Selling, general and administrative expenses	592,216			574,990			1,980,895			1,890,762
Operating income	170,724			150,360			569,474			544,119
Other, net:
Interest expense	(7,948		)	(8,048		)	(26,632		)	(25,849		)
Other income, net	366			312			1,689			759
Total other, net	(7,582		)	(7,736		)	(24,943		)	(25,090		)
Income before provision for income taxes	163,142			142,624			544,531			519,029
Provision for income taxes	59,312			53,121			202,040			196,414
Net income	$	103,830		$	89,503		$	342,491		$	322,615
Basic earnings per share	$	1.42		$	1.22		$	4.68		$	4.41
Diluted earnings per share	$	1.42		$	1.21		$	4.65		$	4.34
Dividends declared per common share	$	0.06		$	0.06		$	0.18		$	0.18
Average common shares outstanding	72,747			73,166			72,981			73,052
Average common shares outstanding - assuming dilution	73,128			73,992			73,463			74,107

Advance Auto Parts, Inc. and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income

For the Twelve and Forty Week Periods Ended

October 5, 2013 and October 6, 2012

(in thousands)

(unaudited)

	Twelve Week Periods Ended						Forty Week Periods Ended
	October 5, 2013			October 6, 2012			October 5, 2013			October 6, 2012
Net income	$	103,830		$	89,503		$	342,491		$	322,615
Other comprehensive income (loss), net of tax:
Changes in net unrecognized other postretirement benefit costs, net of $91, $73, $248 and $242 tax	(141		)	(113		)	(386		)	(375		)
Postretirement benefit plan amendment	—			—			2,327			—
Unrealized gain on hedge arrangements, net of $0, $0, $0 and $163 tax	—			—			—			254
Total other comprehensive income (loss)	(141		)	(113		)	1,941			(121		)
Comprehensive income	$	103,689		$	89,390		$	344,432		$	322,494

The accompanying notes to the condensed consolidated financial statements

are an integral part of these statements.

2

Advance Auto Parts, Inc. and Subsidiaries Condensed Consolidated Statements of Changes in Stockholders' Equity For the Forty Week Periods Ended October 5, 2013 and October 6, 2012 (in thousands) (unaudited)
	Preferred Stock			Common Stock					Additional Paid-in Capital			Treasury Stock, at cost					Accumulated Other Comprehensive Income			Retained Earnings			Total Stockholders' Equity
	Shares	Amount		Shares		Amount						Shares		Amount
Balance, December 29, 2012	—	$	—	73,731		$	7		$	520,215		348		$	(27,095	)	$	2,667		$	714,900		$	1,210,694
Net income																				342,491			342,491
Total other comprehensive income																	1,941						1,941
Issuance of shares upon the exercise of stock options and stock appreciation rights				438					1,903														1,903
Tax withholdings related to the exercise of stock appreciation rights									(20,572		)												(20,572		)
Tax benefit from share-based compensation, net									14,979														14,979
Issuance of restricted stock, net of forfeitures				(10	)																		—
Amortization of restricted stock balance									3,009														3,009
Share-based compensation									3,501														3,501
Stock issued under employee stock purchase plan				23					1,679														1,679
Repurchase of common stock												1,015		(78,637		)							(78,637		)
Cash dividends																				(13,167		)	(13,167		)
Other									27														27
Balance, October 5, 2013	—	$	—	74,182		$	7		$	524,741		1,363		$	(105,732	)	$	4,608		$	1,044,224		$	1,467,848
Balance, December 31, 2011	—	$	—	106,537		$	11		$	500,237		33,738		$	(1,644,767	)	$	2,804		$	1,989,629		$	847,914
Net income																				322,615			322,615
Total other comprehensive income (loss)																	(121		)				(121		)
Issuance of shares upon the exercise of stock options and stock appreciation rights				860					5,328														5,328
Tax withholdings related to the exercise of stock appreciation rights									(25,627		)												(25,627		)
Tax benefit from share-based compensation, net									21,806														21,806
Issuance of restricted stock, net of forfeitures				4																			—
Amortization of restricted stock balance									4,965														4,965
Share-based compensation									7,167														7,167
Stock issued under employee stock purchase plan				26					1,819														1,819
Repurchase of common stock												323		(25,193		)							(25,193		)
Retirement of treasury stock				(33,738	)	(4		)				(33,738	)	1,644,767						(1,644,763		)	—
Cash dividends																				(13,230		)	(13,230		)
Other									35														35
Balance, October 6, 2012	—	$	—	73,689		$	7		$	515,730		323		$	(25,193	)	$	2,683		$	654,251		$	1,147,478

The accompanying notes to the condensed consolidated financial statements

are an integral part of these statements.

3

Advance Auto Parts, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows For the Forty Week Periods Ended October 5, 2013 and October 6, 2012 (in thousands) (unaudited)
	Forty Week Periods Ended
	October 5, 2013			October 6, 2012
Cash flows from operating activities:
Net income	$	342,491		$	322,615
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	160,059			143,767
Share-based compensation	6,510			12,132
Loss on property and equipment, net	402			1,911
Other	1,226			1,214
(Benefit) provision for deferred income taxes	(3,797		)	18,402
Excess tax benefit from share-based compensation	(15,168		)	(21,867		)
Net increase in:
Receivables, net	(30,529		)	(64,171		)
Inventories, net	(110,934		)	(148,759		)
Other assets	(14,902		)	(14,827		)
Net (decrease) increase in:
Accounts payable	(9,502		)	171,979
Accrued expenses	69,724			75,876
Other liabilities	2,887			6,510
Net cash provided by operating activities	398,467			504,782
Cash flows from investing activities:
Purchases of property and equipment	(147,690		)	(201,210		)
Business acquisitions, net of cash acquired	(187,211		)	(5,332		)
Sale of certain assets of acquired business	16,798			—
Proceeds from sales of property and equipment	723			348
Net cash used in investing activities	(317,380		)	(206,194		)
Cash flows from financing activities:
Decrease in bank overdrafts	(8,665		)	(14,527		)
Issuance of senior unsecured notes	—			299,904
Payment of debt related costs	—			(2,648		)
Borrowings under credit facilities	—			58,500
Payments on credit facilities	—			(173,500		)
Dividends paid	(17,563		)	(17,586		)
Proceeds from the issuance of common stock, primarily exercise of stock options	3,609			7,182
Tax withholdings related to the exercise of stock appreciation rights	(20,572		)	(25,627		)
Excess tax benefit from share-based compensation	15,168			21,867
Repurchase of common stock	(78,637		)	(25,193		)
Contingent consideration related to previous business acquisition	(4,726		)	(4,755		)
Other	(511		)	(723		)
Net cash (used in) provided by financing activities	(111,897		)	122,894
Net (decrease) increase in cash and cash equivalents	(30,810		)	421,482
Cash and cash equivalents, beginning of period	598,111			57,901
Cash and cash equivalents, end of period	$	567,301		$	479,383

4

Advance Auto Parts, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows For the Forty Week Periods Ended October 5, 2013 and October 6, 2012 (in thousands) (unaudited)
	Forty Week Periods Ended
	October 5, 2013		October 6, 2012
Supplemental cash flow information:
Interest paid	$	25,491	$	18,616
Income tax payments	172,682		107,031
Non-cash transactions:
Accrued purchases of property and equipment	16,698		23,739
Retirement of common stock	—		1,644,767
Net receivable related to purchase price of business acquisition	1,074		—
Changes in other comprehensive income	1,941		(121		)

The accompanying notes to the condensed consolidated financial statements

are an integral part of these statements.

5

Advance Auto Parts, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

1. Basis of Presentation:

The accompanying unaudited condensed consolidated financial statements have been prepared by the Company and include the accounts of Advance Auto Parts, Inc., its wholly owned subsidiary, Advance Stores Company, Incorporated ("Stores"), and its subsidiaries (collectively, the "Company"). All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial position of the Company, the results of its operations and cash flows have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP, have been condensed or omitted based upon the Securities and Exchange Commission ("SEC") interim reporting guidance. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s consolidated financial statements for the fiscal year ended December 29, 2012, or Fiscal 2012.

The accounting policies followed in the presentation of interim financial results are consistent with those followed on an annual basis. These policies are presented in Note 1 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for Fiscal 2012 (filed with the SEC on February 25, 2013).

The results of operations for the interim periods are not necessarily indicative of the operating results to be expected for the full fiscal year. The first quarter of each of the Company's fiscal years contains 16 weeks while the remaining three quarters contain 12 weeks each.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.

New Accounting Pronouncements

In July 2013, the Financial Accounting Standards Board, or FASB, issued ASU No. 2013-11 “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.”  Under ASU 2013-11 an entity is required to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward.  If a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets.  ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.  The adoption of this guidance affects presentation only and, therefore, it is not expected to have a material impact on the Company's consolidated financial condition, results of operations or cash flows.   

In February 2013, the FASB issued ASU No. 2013-02 “Comprehensive Income - Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” ASU 2013-02 is an amendment adding new disclosure requirements for items reclassified out of accumulated other comprehensive income (“AOCI”). The amendment requires presentation of changes in AOCI balances by component and significant items reclassified out of AOCI by component either (1) on the face of the statement of operations or (2) as a separate disclosure in the notes to the financial statements. ASU 2013-02 is effective for fiscal years beginning after December 15, 2012. The adoption of ASU 2013-02 had no impact on the Company's consolidated financial condition, results of operations or cash flows.

In July 2012, the FASB issued ASU No. 2012-02 “Intangible-Goodwill and Other – Testing Indefinite-Lived Intangible Assets for Impairment.” ASU 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is

6

Advance Auto Parts, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

more likely than not that the asset is impaired. Furthermore, ASU 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test. ASU 2012-02 is effective for fiscal years beginning after September 15, 2012 and early adoption is permitted. The adoption of ASU 2012-02 had no impact on the Company’s consolidated financial condition, results of operations or cash flows.

2. Inventories, net:

Inventories are stated at the lower of cost or market. The Company used the LIFO method of accounting for approximately 95% of inventories at October 5, 2013, December 29, 2012 and October 6, 2012. Under LIFO, the Company’s cost of sales reflects the costs of the most recently purchased inventories, while the inventory carrying balance represents the costs for inventories purchased in Fiscal 2013 and prior years. As a result of utilizing LIFO, the Company recorded an increase to cost of sales of $476 for the forty weeks ended October 5, 2013. The Company recorded a reduction to cost of sales of $20,684 for the forty weeks ended October 6, 2012. The Company's overall costs to acquire inventory for the same or similar products have generally decreased historically as the Company has been able to leverage its continued growth, execution of merchandising strategies and realization of supply chain efficiencies.

An actual valuation of inventory under the LIFO method is performed by the Company at the end of each fiscal year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected fiscal year-end inventory levels and costs.

Inventory balances at October 5, 2013, December 29, 2012 and October 6, 2012 were as follows:

	October 5, 2013		December 29, 2012		October 6, 2012
Inventories at FIFO, net	$	2,338,264	$	2,182,419	$	2,070,582
Adjustments to state inventories at LIFO	125,714		126,190		122,787
Inventories at LIFO, net	$	2,463,978	$	2,308,609	$	2,193,369

3. Acquisition of B.W.P. Distributors:

On December 31, 2012, the Company acquired B.W.P. Distributors, Inc. ("BWP") in an all-cash transaction. BWP, formerly a privately held company, supplied, marketed and distributed automotive aftermarket parts and products principally to commercial customers. Prior to the acquisition, BWP operated or supplied 216 locations in the Northeastern United States. The Company believes this acquisition will enable the Company to continue its expansion in the competitive Northeast, which is a strategic growth area for the Company due to the large population and overall size of the market, and to gain valuable information to apply to its existing operations as a result of BWP's expertise in Commercial. The amount of acquired goodwill reflects this strategic importance to the Company.

Concurrent with the closing of the acquisition, the Company transferred one distribution center and BWP's rights to distribute to 92 independently owned locations to an affiliate of General Parts International, Inc. ("GPI"), a privately held auto supply company. As a result, the Company began operating the 124 BWP company-owned stores and two remaining BWP distribution centers as of the closing date. The Company has included the financial results of BWP in its consolidated financial statements commencing December 31, 2012 (Fiscal 2013). Pro forma results of operations related to the acquisition of BWP are not presented as BWP's results are not material to the Company's condensed consolidated statements of operations.

Under the terms of the agreement, the Company acquired the net assets in exchange for a purchase price of $187,109, of which $1,074 was not settled as of October 5, 2013. The purchase price reflects the finalization of certain post-closing adjustments made subsequent to the Company's filing of its second quarter Report on Form 10-Q. Following the closing of the acquisition, the Company sold certain of the acquired assets for $16,798 related to the transfer of operations to GPI.

7

Advance Auto Parts, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

The following table summarizes the consideration paid for BWP and the amounts of the assets acquired and liabilities assumed that were recognized at the acquisition date:

Total Consideration	$	187,109
Recognized amounts of identifiable assets
acquired and liabilities assumed
Cash and cash equivalents	$	972
Receivables	22,615
Inventory	52,229
Other current assets	9,741
Property, plant and equipment	5,329
Intangible assets	31,600
Other assets	2,253
Accounts payable	(37,303		)
Accrued and other current liabilities	(11,843		)
Long-term liabilities	(11,930		)
Total identifiable net assets	63,663
Goodwill	123,446
Total acquired net assets	$	187,109

Due to the nature of BWP's business, the assets acquired and liabilities assumed as part of this acquisition are similar in nature to those of Advance. For additional information regarding intangible assets acquired, see Note 4, Goodwill and Intangible Assets. All of the goodwill is expected to be deductible for income tax purposes.

4. Goodwill and Intangible Assets:

Goodwill

The Company has goodwill recorded in both the Advance Auto Parts ("AAP") and Autopart International ("AI") segments. The following table reflects the carrying amount of goodwill pertaining to the Company's two segments and the changes in goodwill carrying amounts. 

	AAP Segment		AI Segment		Total
Balance at December 29, 2012	$	58,095	$	18,294	$	76,389
Fiscal 2013 activity	123,446		—		123,446
Balance at October 5, 2013	$	181,541	$	18,294	$	199,835
Balance at December 31, 2011	$	58,095	$	18,294	$	76,389
Fiscal 2012 activity	—		—		—
Balance at October 6, 2012	$	58,095	$	18,294	$	76,389

8

Advance Auto Parts, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

As discussed in Note 3, on December 31, 2012, the Company acquired BWP in an all-cash transaction which resulted in the addition of $123,446 of goodwill in the AAP Segment.

Intangible Assets Other Than Goodwill

In addition to goodwill, the Company also recorded an increase to intangible assets of $31,245 during the forty weeks ended October 5, 2013. The increase included Customer Relationships of $26,045 which will be amortized over 12 years and other intangible assets totaling $5,200 which will be amortized over a weighted average of 3.4 years. The gross and net carrying amounts of acquired intangible assets as of October 5, 2013, December 29, 2012 and October 6, 2012 are comprised of the following:

	Acquired intangible assets
	Subject to Amortization									Not Subject to Amortization		Total Intangible Assets (excluding goodwill)
	Customer Relationships			Acquired Technology			Other			Trademark and Tradenames
Gross:
Gross carrying amount at December 29, 2012	$	9,800		$	8,850		$	885		$	20,550	$	40,085
Additions	26,045			—			5,200			—		31,245
Gross carrying amount at October 5, 2013	$	35,845		$	8,850		$	6,085		$	20,550	$	71,330
Gross carrying amount at December 31, 2011	$	9,800		$	7,750		$	885		$	20,550	$	38,985
Additions	—			—			—			—		—
Gross carrying amount at October 6, 2012	$	9,800		$	7,750		$	885		$	20,550	$	38,985
Net:
Net book value at December 29, 2012	$	2,658		$	5,419		$	218		$	20,550	$	28,845
Additions	26,045			—			5,200			—		31,245
2013 amortization	(2,429		)	(2,269		)	(1,429		)	—		(6,127		)
Net carrying amount at October 5, 2013	$	26,274		$	3,150		$	3,989		$	20,550	$	53,963
Net book value at December 31, 2011	$	3,618		$	6,987		$	225		$	20,550	$	31,380
Additions	—			—			—			—		—
2012 amortization	(738		)	(1,987		)	(6		)	—		(2,731		)
Net carrying amount at October 6, 2012	$	2,880		$	5,000		$	219		$	20,550	$	28,649

9

Advance Auto Parts, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

Future Amortization Expense

The table below shows expected amortization expense for the next five years for acquired intangible assets recorded as of October 5, 2013:

Fiscal Year	Amount
Remainder of 2013	$	1,831
2014	7,175
2015	3,702
2016	2,677
2017	2,677
Thereafter	15,351

5. Receivables, net:

Receivables consist of the following:

	October 5, 2013			December 29, 2012			October 6, 2012
Trade	$	149,670		$	110,153		$	90,571
Vendor	134,471			119,770			113,340
Other	6,821			5,862			5,970
Total receivables	290,962			235,785			209,881
Less: Allowance for doubtful accounts	(11,985		)	(5,919		)	(5,326		)
Receivables, net	$	278,977		$	229,866		$	204,555

During Fiscal 2012, the Company began the in-sourcing of its commercial credit function. This initiative consists of the transition from using a third party financial institution to settle credit transactions with the Company's Commercial customers to processing those transactions internally, thus increasing the trade receivable balance when compared to the same period in the prior year.

10

Advance Auto Parts, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

6. Long-term Debt:

Long-term debt consists of the following:

	October 5, 2013			December 29, 2012			October 6, 2012
Revolving facility at variable interest rates (1.67%, 1.74% and 1.77% at October 5, 2013, December 29, 2012 and October 6, 2012, respectively) due May 27, 2016	$	—		$	—		$	—
5.75% Senior Unsecured Notes (net of unamortized discount of $891, $975 and $999 at October 5, 2013, December 29, 2012 and October 6, 2012, respectively) due May 1, 2020	299,109			299,025			299,001
4.50% Senior Unsecured Notes (net of unamortized discount of $82, $88 and $90 at October 5, 2013, December 29, 2012 and October 6, 2012, respectively) due January 15, 2022	299,918			299,912			299,910
Other	6,030			6,151			1,338
	605,057			605,088			600,249
Less: Current portion of long-term debt	(1,030		)	(627		)	(699		)
Long-term debt, excluding current portion	$	604,027		$	604,461		$	599,550

Bank Debt

The Company has a $750,000 unsecured five-year revolving credit facility (the "Facility") with Stores serving as the borrower. The Facility also provides for the issuance of letters of credit with a sub-limit of $300,000, and swingline loans in an amount not to exceed $50,000. The Company may request, subject to agreement by one or more lenders, that the total revolving commitment be increased by an amount not exceeding $250,000 (up to a total commitment of $1,000,000) during the term of the credit agreement. Voluntary prepayments and voluntary reductions of the revolving balance are permitted in whole or in part, at the Company’s option, in minimum principal amounts as specified in the revolving credit facility. The Facility matures on May 27, 2016.

As of October 5, 2013, the Company had no borrowings outstanding under the Facility, and had letters of credit outstanding of $87,660, which reduced the availability under the Facility to $662,340. The letters of credit generally have a term of one year or less and primarily serve as collateral for the Company's self-insurance policies.

The interest rate on borrowings under the Facility is based, at the Company’s option, on an adjusted LIBOR rate, plus a margin, or an alternate base rate, plus a margin. The current margin is 1.5% per annum for each of the adjusted LIBOR and alternate base rate borrowings. A facility fee is charged on the total amount of the Facility, payable in arrears. The current facility fee rate is 0.25% per annum. Under the terms of the Facility, the interest rate and facility fee are based on the Company’s credit rating.

The Facility contains covenants restricting the Company's ability to, among other things:  (1) permit the subsidiaries of Advance Stores to create, incur or assume additional debt; (2) incur liens or engage in sale-leaseback transactions; (3) make loans and investments (including acquisitions); (4) guarantee obligations; (5) engage in certain mergers and liquidations; (6) change the nature of the Company’s business and the business conducted by its subsidiaries; (7) enter into certain hedging transactions; and (8) change Advance’s status as a holding company. The Company is also required to comply with financial covenants with respect to a maximum leverage ratio and a minimum consolidated coverage ratio. The Company was in compliance with its covenants at October 5, 2013 and December 29, 2012, respectively. The Facility also provides for customary events of default, covenant defaults and cross-defaults to the Company's other material indebtedness.

Senior Unsecured Notes

The Company’s 5.75% senior unsecured notes were issued in April 2010 at 99.587% of the principal amount of $300,000 and are due May 1, 2020 (the "2020 Notes"). The 2020 Notes bear interest at a rate of 5.75% per year payable semi-annually in

11

Advance Auto Parts, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

arrears on May 1 and November 1 of each year. The Company’s 4.50% senior unsecured notes were issued in January 2012 at 99.968% of the principal amount of $300,000 and are due January 15, 2022 (the "2022 Notes" or collectively with 2020 Notes, "the Notes"). The 2022 Notes bear interest at a rate of 4.50% per year payable semi-annually in arrears on January 15 and July 15 of each year. Advance served as the issuer of the Notes with certain of Advance’s domestic subsidiaries currently serving as subsidiary guarantors. The terms of the Notes are governed by an indenture and supplemental indentures (collectively the “Indenture”) among the Company, the subsidiary guarantors and Wells Fargo Bank, National Association, as Trustee.

The Company may redeem some or all of the Notes at any time or from time to time, at the redemption price described in the Indenture. In addition, in the event of a Change of Control Triggering Event (as defined in the Indenture for each of the Notes), the Company will be required to offer to repurchase the Notes at a price equal to 101% of the principal amount thereof, plus accrued and unpaid interest to the repurchase date. The Notes are currently fully and unconditionally guaranteed, jointly and severally, on an unsubordinated and unsecured basis by each of the subsidiary guarantors. The Company will be permitted to release guarantees without the consent of holders of the Notes under the circumstances described in the Indenture: (i) upon the release of the guarantee of the Company's other debt that resulted in the affected subsidiary becoming a guarantor of this debt; (ii) upon the sale or other disposition of all or substantially all of the stock or assets of the subsidiary guarantor; or (iii) upon the Company's exercise of its legal or covenant defeasance option.

The Indenture contains customary provisions for events of default including for (i) failure to pay principal or interest when due and payable, (ii) failure to comply with covenants or agreements in the Indenture or the Notes and failure to cure or obtain a waiver of such default upon notice, (iii) a default under any debt for money borrowed by the Company or any of its subsidiaries that results in acceleration of the maturity of such debt, or failure to pay any such debt within any applicable grace period after final stated maturity, in an aggregate amount greater than $25,000 without such debt having been discharged or acceleration having been rescinded or annulled within 10 days after receipt by the Company of notice of the default by the Trustee or holders of not less than 25% in aggregate principal amount of the Notes then outstanding, and (iv) events of bankruptcy, insolvency or reorganization affecting the Company and certain of its subsidiaries. In the case of an event of default, the principal amount of the Notes plus accrued and unpaid interest may be accelerated. The Indenture also contains covenants limiting the ability of the Company and its subsidiaries to incur debt secured by liens and to enter into sale and lease-back transactions.

Debt Guarantees

Certain 100% wholly-owned domestic subsidiaries of Stores, including its Material Subsidiaries (as defined in the Facility) serve as guarantors of the Notes and Facility with Advance also serving as a guarantor of the Facility. The subsidiary guarantees related to the Company’s Notes and Facility are full and unconditional and joint and several, and there are no restrictions on the ability of Advance to obtain funds from its subsidiaries. Also, Advance has no independent assets or operations, and the subsidiaries not guaranteeing the Notes and Facility are minor as defined by SEC regulations.

7. Fair Value Measurements:

The Company’s financial assets and liabilities measured at fair value are grouped in three levels. The levels prioritize the inputs used to measure the fair value of these assets or liabilities. These levels are:

• Level 1 – Unadjusted quoted prices that are available in active markets for identical assets or liabilities at the measurement date.

• Level 2 – Inputs other than quoted prices that are observable for assets and liabilities at the measurement date, either directly or indirectly. These inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are less active, and inputs other than quoted prices that are observable for the asset or liability or corroborated by other observable market data.

• Level 3 – Unobservable inputs for assets or liabilities that are not able to be corroborated by observable market data and reflect the use of a reporting entity’s own assumptions. These values are generally determined using pricing models for which the assumptions utilize management’s estimates of market participant assumptions.

12

Advance Auto Parts, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The fair value hierarchy requires the use of observable market data when available. In instances where inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.

The following table sets forth the Company’s financial liabilities that were measured at fair value on a recurring basis as of October 5, 2013, December 29, 2012 and October 6, 2012:

			Fair Value Measurements at Reporting Date Using
			Level 1		Level 2		Level 3
	Fair Value		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
As of October 5, 2013
Contingent consideration related to business acquisitions	$	12,939	$	—	$	—	$	12,939
As of December 29, 2012
Contingent consideration related to business acquisitions	16,999		—		—		16,999
As of October 6, 2012
Contingent consideration related to business acquisitions	$	23,021	$	—	$	—	$	23,021

The fair value of the contingent consideration, which is recorded in Accrued expenses and Other long-term liabilities, is based on various estimates including the Company's estimate of the probability of achieving the targets and the time value of money. During the forty weeks ended October 5, 2013, contingent consideration decreased primarily due to a payment of $4,726 resulting from the achievement of performance conditions, partially offset by amortization of the net present value discount.

The carrying amount of the Company’s cash and cash equivalents, accounts receivable, bank overdrafts, accounts payable, accrued expenses and current portion of long term debt approximate their fair values due to the relatively short term nature of these instruments. The fair value of the Company’s senior unsecured notes was determined using Level 2 inputs based on quoted market prices, and the Company believes that the carrying value of its other long-term debt and certain long-term liabilities approximate fair value.

The carrying value and fair value of the Company's long-term debt as of October 5, 2013, December 29, 2012 and October 6, 2012, respectively, are as follows:

	October 5, 2013		December 29, 2012		October 6, 2012
Carrying Value	$	604,027	$	604,461	$	599,550
Fair Value	$	626,000	$	655,000	$	675,000

13

Advance Auto Parts, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

Non-Financial Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

Certain assets and liabilities are measured at fair value on a nonrecurring basis; that is, the assets and liabilities are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (e.g., when there is evidence of impairment). At October 5, 2013, the Company had no significant non-financial assets or liabilities that had been adjusted to fair value subsequent to initial recognition.

8. Stock Repurchase Program:

The Company’s stock repurchase program allows it to repurchase its common stock on the open market or in privately negotiated transactions from time to time in accordance with the requirements of the SEC. The Company's $500,000 stock repurchase program in place as of October 5, 2013 was authorized by its Board of Directors on May 14, 2012.

During the twelve weeks ended October 5, 2013, the Company repurchased 35 shares of its common stock at an aggregate cost of $2,782, or an average price of $79.94 per share under its stock repurchase program. During the forty weeks ended October 5, 2013, the Company repurchased 998 shares of its common stock at an aggregate cost of $77,293, or an average price of $77.47 per share under its stock repurchase program. The Company had $415,092 remaining under its stock repurchase program as of October 5, 2013. The Company repurchased 1 share of its common stock at an aggregate cost of $68, or an average price of $81.85 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock during the twelve weeks ended October 5, 2013. The Company repurchased 17 shares of its common stock at an aggregate cost of $1,344, or an average price of $77.80 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock during the forty weeks ended October 5, 2013.

During the twelve weeks ended October 6, 2012, the Company repurchased no shares of its common stock under its stock repurchase program. During the forty weeks ended October 6, 2012, the Company repurchased 257 shares of its common stock at an aggregate cost of $19,589, or an average price of $76.18 per share under its $500,000 stock repurchase program authorized by its Board of Directors on May 14, 2012. The Company repurchased 2 shares of its common stock at an aggregate cost of $151, or an average price of $72.85 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock during the twelve weeks ended October 6, 2012. The Company repurchased 66 shares of its common stock at an aggregate cost of $5,604, or an average price of $84.61 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock during the forty weeks ended October 6, 2012. Also during the forty weeks ended October 6, 2012, the Company retired 33,738 shares of treasury stock.

9. Earnings per Share:

Certain of the Company’s shares granted to employees in the form of restricted stock are considered participating securities which require the use of the two-class method for the computation of basic and diluted earnings per share. For the twelve week periods ended October 5, 2013 and October 6, 2012, earnings of $232 and $203, respectively, were allocated to the participating securities. For the forty week periods ended October 5, 2013 and October 6, 2012, earnings of $791 and $760, respectively, were allocated to the participating securities.

Diluted earnings per share are calculated by including the effect of dilutive securities. Share-based awards to purchase approximately 54 and 187 shares of common stock that had an exercise price in excess of the average market price of the common stock during the twelve week periods ended October 5, 2013 and October 6, 2012, respectively, were not included in the calculation of diluted earnings per share because they were anti-dilutive. Share-based awards to purchase approximately 52 and 213 shares of common stock that had an exercise price in excess of the average market price of the common stock during the forty week periods ended October 5, 2013 and October 6, 2012, respectively, were not included in the calculation of diluted earnings per share because they were anti-dilutive.

14

Advance Auto Parts, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

The following table illustrates the computation of basic and diluted earnings per share for the twelve and forty week periods ended October 5, 2013 and October 6, 2012, respectively:

	Twelve Weeks Ended						Forty Weeks Ended
	October 5, 2013			October 6, 2012			October 5, 2013			October 6, 2012
Numerator
Net income applicable to common shares	$	103,830		$	89,503		$	342,491		$	322,615
Participating securities' share in earnings	(232		)	(203		)	(791		)	(760		)
Net income applicable to common shares	$	103,598		$	89,300		$	341,700		$	321,855
Denominator
Basic weighted average common shares	72,747			73,166			72,981			73,052
Dilutive impact of share-based awards	381			826			482			1,055
Diluted weighted average common shares	73,128			73,992			73,463			74,107
Basic earnings per common share
Net income applicable to common stockholders	$	1.42		$	1.22		$	4.68		$	4.41
Diluted earnings per common share
Net income applicable to common stockholders	$	1.42		$	1.21		$	4.65		$	4.34

10. Warranty Liabilities:

The following table presents changes in the Company’s warranty reserves:

	October 5, 2013			December 29, 2012			October 6, 2012
	(40 weeks ended)			(52 weeks ended)			(40 weeks ended)
Warranty reserve, beginning of period	$	38,425		$	38,847		$	38,847
Additions to warranty reserves	31,280			40,766			29,332
Reserves utilized	(31,148		)	(41,188		)	(30,983		)
Warranty reserve, end of period	$	38,557		$	38,425		$	37,196

The Company’s warranty liabilities are included in Accrued expenses in its condensed consolidated balance sheets.

11. Segment and Related Information:

The Company has the following two reportable segments: AAP and AI. The AAP segment is comprised of 3,796 stores, as of October 5, 2013, which operate primarily in the United States, Puerto Rico and the Virgin Islands under the trade names “Advance Auto Parts” and “Advance Discount Auto Parts.” These stores offer a broad selection of brand name and proprietary automotive replacement parts, accessories and maintenance items for domestic and imported cars and light trucks. The Company aggregates the financial results of AAP's geographic areas, which are individually considered operating segments, due to the economic similarities of those areas.

Included in the Company's geographic areas are sales generated from its e-commerce platforms. The Company's e-commerce platforms primarily consist of its online website and Commercial ordering platforms as part of its integrated operating approach of serving its do-it-yourself ("DIY") and Commercial customers. The Company's online website allows its DIY customers to pick up merchandise at a conveniently located store location or have their purchases shipped directly to them.

15

Advance Auto Parts, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

The majority of the Company's online sales are picked up at store locations. Through the Company's online ordering platform, Commercial customers can conveniently place orders with a designated store location for delivery to their place of business.

The AI segment consists solely of the operations of Autopart International and operates stores under the “Autopart International” trade name. AI mainly serves the Commercial market from its 222 stores, as of October 5, 2013, primarily located in the Northeastern, Mid-Atlantic and Southeastern regions of the United States.

The Company evaluates each segment’s financial performance based on net sales and operating profit for purposes of allocating resources and assessing performance. The accounting policies of the reportable segments are generally the same as those described in the Annual Report on Form 10-K for the year ended December 29, 2012.

The following table summarizes financial information for each of the Company's business segments for the twelve and forty weeks ended October 5, 2013 and October 6, 2012, respectively.

	Twelve Week Periods Ended						Forty Week Periods Ended
	October 5, 2013			October 6, 2012			October 5, 2013			October 6, 2012
Net sales
AAP	$	1,441,695		$	1,386,791		$	4,830,293		$	4,646,688
AI	81,694			74,538			266,356			241,146
Eliminations (1)	(3,245		)	(3,802		)	(11,648		)	(12,032		)
Total net sales	$	1,520,144		$	1,457,527		$	5,085,001		$	4,875,802
Income before provision for income taxes
AAP	$	156,814		$	140,141		$	530,493		$	508,137
AI	6,328			2,483			14,038			10,892
Total income before provision for income taxes	$	163,142		$	142,624		$	544,531		$	519,029
Provision for income taxes
AAP	$	56,882		$	52,155		$	196,748		$	192,069
AI	2,430			966			5,292			4,345
Total provision for income taxes	$	59,312		$	53,121		$	202,040		$	196,414

	October 5, 2013		December 29, 2012		October 6, 2012
Segment assets
AAP	$	4,659,837	$	4,352,686	$	4,090,931
AI	284,862		261,128		266,275
Total segment assets	$	4,944,699	$	4,613,814	$	4,357,206

⁽¹⁾  For the twelve weeks ended October 5, 2013, eliminations represented net sales of $2,128 from AAP to AI and $1,117 from AI to AAP. For the twelve weeks ended October 6, 2012, eliminations represented net sales of $2,504 from AAP to AI and $1,298 from AI to AAP. For the forty weeks ended October 5, 2013, eliminations represented net sales of $8,137 from AAP to AI and $3,511 from AI to AAP. For the forty weeks ended October 6, 2012, eliminations represented net sales of $7,695 from AAP to AI and $4,337 from AI to AAP.

16

Advance Auto Parts, Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Twelve and Forty Week Periods Ended October 5, 2013 and October 6, 2012

(in thousands, except per share data)

(unaudited)

12. Subsequent Event:

On October 15, 2013, the Company entered into a definitive agreement to acquire General Parts International, Inc. ("GPI"), a leading privately held distributor and supplier of original equipment and aftermarket replacement products for commercial markets operating under the CARQUEST and WORLDPAC brands. The acquisition of GPI will allow the Company to expand its geographic presence and commercial capabilities to better serve customers. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close by late 2013 or early 2014.

Under the terms of the merger agreement, the Company intends to acquire GPI in an all-cash transaction with an enterprise value of $2.04 billion. The Company expects to secure additional financing in the form of bank debt and senior unsecured notes during its fourth quarter to be used along with cash on-hand to fund the acquisition of GPI.

The Company recognized $5,114 of acquisition related costs during its twelve weeks ended October 5, 2013, which are included in the Company's selling, general and administrative expenses in the accompanying condensed consolidated statement of operations. 

17

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

The following discussion and analysis of financial condition and results of operations should be read in conjunction with our unaudited condensed consolidated financial statements and the notes to those statements that appear elsewhere in this report. Our first quarter consists of 16 weeks divided into four equal periods. Our remaining three quarters consist of 12 weeks with each quarter divided into three equal periods.

Certain statements in this report are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are usually identified by the use of words such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "likely," "may," "plan," "position," "possible," "potential," "probable," "project," "projection," "should," "strategy," "will," or similar expressions. We intend for any forward-looking statements to be covered by, and we claim the protection under, the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

These forward-looking statements are based upon assessments and assumptions of management in light of historical results and trends, current conditions and potential future developments that often involve judgments, estimates, assumptions and projections. Forward-looking statements reflect current views about our plans, strategies and prospects, which are based on information currently available.

Although we believe that our plans, intentions and expectations as reflected in or suggested by any forward-looking statements are reasonable, we do not guarantee or give assurance that such plans, intentions or expectations will be achieved.  Actual results may differ materially from our anticipated results described or implied in our forward-looking statements, and such differences may be due to a variety of factors. Our business could also be affected by additional factors that are presently unknown to us or that we currently believe to be immaterial to our business.

Listed below and discussed in our Annual Report on Form 10-K for the year ended December 29, 2012 (filed with the Securities and Exchange Commission, or SEC, on February 25, 2013), which we refer to as our 2012 Form 10-K, are some important risks, uncertainties and contingencies which could cause our actual results, performance or achievements to be materially different from any forward-looking statements made or implied in this report. These include, but are not limited to, the following:

• a decrease in demand for our products;

• competitive pricing and other competitive pressures;

• our ability to implement our business strategy;

• our ability to expand our business, including the location of available and suitable real estate for new store locations, the integration of any acquired businesses and the continued increase in supply chain capacity and efficiency;

• our dependence on our suppliers to provide us with products that comply with safety and quality standards;

• our ability to attract and retain qualified employees, or Team Members;

• the potential for fluctuations in the market price of our common stock and the resulting exposure to securities class action litigations;

• deterioration in general macro-economic conditions, including unemployment, inflation or deflation, consumer debt levels, high fuel and energy costs, higher tax rates or uncertain credit markets;

• regulatory and legal risks, such as environmental or OSHA risks, including being named as a defendant in administrative investigations or litigation, and the incurrence of legal fees and costs, the payment of fines or the payment of sums to settle litigation cases or administrative investigations or proceedings;

• a security breach or other cyber security incident;

• business interruptions due to the occurrence of natural disasters, extended periods of unfavorable weather, computer system malfunction, wars or acts of terrorism;

• the impact of global climate change or legal and regulatory responses to such change;

• the ability to close the proposed acquisition of GPI on the expected terms and within the anticipated time period, or at all, which is dependent on the parties’ ability to satisfy certain closing conditions;

• the risk that regulatory approvals that are required to complete the proposed acquisition of GPI may not be received, may take longer than expected or may impose adverse conditions;

• the failure to obtain the necessary financing for the acquisition of GPI, including as contemplated by the financing commitment obtained by us at the time of signing the merger agreement;

• the risk that the benefits of the proposed acquisition of GPI, including synergies, may not be fully realized or may take longer to realize than expected;

• the possibility that the proposed acquisition of GPI may not advance our business strategy;

18

• the risk that we may experience difficulty integrating GPI’s employees, business systems and technology;

• the potential diversion of our management’s attention from our other businesses resulting from the proposed transaction; and

• the impact of the proposed transaction on third-party relationships, including customers, wholesalers, independently owned and jobber stores and suppliers.

We assume no obligations to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. In evaluating forward-looking statements, you should consider these risks and uncertainties, together with the other risks described from time to time in our other reports and documents filed with the SEC and you should not place undue reliance on those statements.

Introduction

We are a leading specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States. Our stores carry an extensive product line for cars, vans, sport utility vehicles and light trucks. We serve both "do-it-yourself," or DIY, and “do-it-for-me,” or Commercial, customers. Our Commercial customers consist primarily of delivery customers for whom we deliver products from our store locations to our Commercial customers’ places of business, including independent garages, service stations and auto dealers. At October 5, 2013, we operated a total of 4,018 stores.

We operate in two reportable segments: Advance Auto Parts, or AAP, and Autopart International, Inc., or AI. The AAP segment is comprised of our store operations within the Northeastern, Southeastern and Midwestern (inclusive of South Central) regions of the United States, Puerto Rico and the Virgin Islands which primarily operate under the trade names “Advance Auto Parts” and “Advance Discount Auto Parts.” At October 5, 2013, we operated 3,796 stores in the AAP segment. Our AAP stores offer a broad selection of brand name and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars and light trucks. Through our integrated operating approach, we serve our DIY and Commercial customers from our store locations and online at www.AdvanceAutoParts.com. Our online website allows our DIY customers to pick up merchandise at a conveniently located store or have their purchases shipped directly to their homes or businesses. Our Commercial customers can conveniently place their orders online.

At October 5, 2013, we operated 222 stores in the AI segment under the “Autopart International” trade name. AI’s business primarily serves the Commercial market from its store locations in the Northeastern, Mid-Atlantic and Southeastern regions of the United States. For additional information regarding our segments, see Note 11, Segment and Related Information, of the Notes to Condensed Consolidated Financial Statements in this Quarterly Report on Form 10-Q.

Management Overview

We generated earnings per diluted share, or diluted EPS, of $1.42 during our twelve weeks ended October 5, 2013 (or the third quarter of Fiscal 2013) compared to $1.21 for the comparable period of Fiscal 2012. The increase in our diluted EPS was primarily due to an increase in our operating income. We increased operating income over the comparable period of last year by improving our gross profit rate and disciplined expense control despite a 2.0% comparable store sales decline. Similar to previous quarters this year, sales remained constrained in many of our markets in part due to the ongoing uncertainty in the macroeconomic environment and increased competition in our operating area. During much of our third quarter, we believe consumer spending was suppressed as consumers faced the uncertainty regarding a potential federal government shutdown and the apprehension regarding the impact of health care reform. We believe that our core consumers are performing only the repairs that are absolutely necessary to keep their vehicles on the road which has resulted in a record level of deferred maintenance. We continue to generate a significant amount of cash on-hand to invest in capital improvements and initiatives to support our two key strategies, Superior Availability and Service Leadership, which are discussed later in "Business and Industry Update."

Acquisitions Update

On December 31, 2012, we acquired B.W.P. Distributors, Inc. ("BWP"), a privately held company that supplied, marketed and distributed automotive aftermarket parts and products principally to Commercial customers. Prior to the acquisition, BWP operated or supplied 216 locations in the Northeastern United States. Concurrent with the closing of the acquisition, we transferred one distribution center and BWP's rights to distribute to 92 independently owned locations to an affiliate of General Parts International, Inc. ("GPI"), a privately held auto supply company. We believe this acquisition will enable us to continue our expansion in the competitive Northeast, which is a strategic growth area for us due to the large population and overall size

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of the market, and to gain valuable information to apply to our existing operations as a result of BWP's expertise in Commercial.

During the second quarter, we began integrating the 124 BWP company-owned stores and two distribution centers into our Advance Auto Parts operations and plan to finish the integration by mid-2014. The integration of BWP stores will consist of converting or consolidating those locations into Advance Auto Parts locations.

On October 15, 2013, we entered into a definitive agreement to acquire GPI, a leading privately held distributor and supplier of original equipment and aftermarket replacement products for commercial markets operating under the CARQUEST and WORLDPAC brands. The acquisition of GPI will allow us to expand our geographic presence and commercial capabilities to better serve customers. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close by late 2013 or early 2014. Under the terms of the merger agreement, we intend to acquire GPI in an all-cash transaction with an enterprise value of $2.04 billion.

Summary of ThirdQuarter Financial Results

A high-level summary of our financial results for the third quarter of Fiscal 2013 is included below:

• Net sales during the third quarter of Fiscal 2013 were $1,520.1 million, an increase of 4.3% as compared to the third quarter of Fiscal 2012. This increase was primarily driven by the addition of the acquired BWP stores and 170 net new stores over the past 12 months partially offset by a 2.0% decrease in comparable store sales.

• Our operating income for the third quarter of Fiscal 2013 was $170.7 million, an increase of $20.4 million from the comparable period of Fiscal 2012. As a percentage of total sales, operating income was 11.2%, an increase of 91 basis points, due to a lower SG&A rate combined with a higher gross profit rate.

• Our inventory balance as of October 5, 2013 increased $270.6 million, or 12.3%, over our inventory balance as of October 6, 2012 driven by the BWP acquisition, new store openings and support of our inventory availability initiatives.

• We generated operating cash flow of $398.5 million during the forty weeks ended October 5, 2013, a decrease of 21.1% from the comparable period in Fiscal 2012, primarily due to the timing of payments to vendors.

Refer to the "Results of Operations" and "Liquidity and Capital Resources" sections for further details of our income statement and cash flow results, respectively.

Business and Industry Update

Our two key strategies are Superior Availability and Service Leadership. Superior Availability is aimed at product availability and maximizing the speed, reliability and efficiency of our supply chain. Service Leadership leverages our product availability in addition to more consistent execution of customer-facing initiatives to strengthen our integrated operating approach of serving our DIY and Commercial customers in our stores and on-line. Through these two key strategies, we believe we can continue to build on the initiatives discussed below to produce favorable financial results over the long term. Sales to Commercial customers remain the biggest opportunity for us to increase our overall market share in the automotive aftermarket industry. Our Commercial sales, as a percentage of total sales, increased to 41% for the third quarter of Fiscal 2013 compared to 39% for the same period in Fiscal 2012. This increase has been more pronounced in Fiscal 2013 due to the contribution of the acquired BWP stores which are more weighted in Commercial than our Advance stores.

Our strategic priorities include:

• Growing our Commercial business through improved delivery speed and reliability, increased customer retention, increased volume with national and regional accounts, the acquisition and integration of BWP and the pending acquisition of GPI;

• Improving localized parts availability through the continued increase in the number of our larger HUB stores, strengthened focus on in-store availability and leveraging the advancement of our supply chain infrastructure, which includes the continued ramp-up of our new Remington distribution center;

• Accelerating our new store growth rate; and

• Continuing our focus on store execution through more effective scheduling, increased productivity and simplification, improved product on-hand accuracy, expanded sales training and continued measurement of customer engagement.

The automotive aftermarket industry is influenced by a number of general macroeconomic factors similar to those affecting the overall retail industry. These factors include, but are not limited to, fuel costs, unemployment rates, consumer

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confidence and spending habits, and competition. While we believe the difficult conditions affecting the macroeconomic environment continue to constrain consumer spending in the automotive aftermarket, we remain confident that the long-term dynamics of the industry are positive.

Favorable industry dynamics include:

• an increase in the number and average age of vehicles;

• a long-term expectation that miles driven will continue to increase based on historical trends; and

• a fragmented commercial market.

Conversely, the factors negatively affecting the automotive aftermarket industry include:

• deferral of elective automotive maintenance in the near term as more consumers contemplate new automobile purchases;

• longer maintenance and part failure intervals on newer cars due to improved quality; and

• higher and more volatile gas prices.

Despite our sales performance during the third quarter, we remain encouraged by (i) the long-term fundamentals of the automotive aftermarket industry and (ii) initiatives that are underway in support of our key strategies. While we believe our lower comparable sales will not be a long-term trend given the overall positive long-term industry dynamics, we do anticipate constrained comparable sales for the remainder of Fiscal 2013 based on the current trend of lower customer demand. Despite the lower sales, we are committed to achieving our long-term sales growth and profitability goals by remaining focused on our Commercial sales growth while balancing support and discretionary expenses with the additional cost of investments in our key strategies.

Consolidated Operating Results and Key Statistics and Metrics

The following table highlights certain consolidated operating results and key statistics and metrics for the twelve and forty weeks ended October 5, 2013 and October 6, 2012, respectively, and the fiscal years ended December 29, 2012 and December 31, 2011. We use these key statistics and metrics to measure the financial progress of our key strategies.

	Twelve Weeks Ended						Forty Weeks Ended
	October 5, 2013			October 6, 2012			October 5, 2013			October 6, 2012			FY 2012			FY 2011
Operating Results:
Total net sales (in 000s)	$	1,520,144		$	1,457,527		$	5,085,001		$	4,875,802		$	6,205,003		$	6,170,462
Comparable store sales growth (1)	(2.0		%)	(1.8		)%	(2.0		)%	(0.5		)%	(0.8		)%	2.2		%
Gross profit	50.2		%	49.8		%	50.2		%	49.9		%	49.9		%	49.7		%
SG&A	39.0		%	39.4		%	39.0		%	38.8		%	39.3		%	39.0		%
Operating profit	11.2		%	10.3		%	11.2		%	11.2		%	10.6		%	10.8		%
Diluted earnings per share	$	1.42		$	1.21		$	4.65		$	4.34		$	5.22		$	5.11
Key Statistics and Metrics:
Number of stores, end of period	4,018			3,727			4,018			3,727			3,794			3,662
Total store square footage, end of period (in 000s)	29,427			27,194			29,427			27,194			27,806			26,663
Total Team Members, end of period	54,238			54,220			54,238			54,220			53,473			52,002
Sales per store (in 000s)(2)(3)	$	1,656		$	1,683		$	1,656		$	1,683		$	1,664		$	1,708
Operating income per store (in 000s)(2)(4)	$	176		$	178		$	176		$	178		$	176		$	184
Gross margin return on inventory (2)(5)	8.3			6.9			8.3			6.9			9.3			6.6

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⁽¹⁾  Comparable store sales include net sales from our stores and e-commerce website. The change in store sales is calculated based on the change in net sales starting once a store has been open for 13 complete accounting periods (each period represents four weeks). Relocations are included in comparable store sales from the original date of opening.

⁽²⁾  These financial metrics presented for each quarter are calculated on an annualized basis and accordingly reflect the last four fiscal quarters completed.

⁽³⁾  Sales per store is calculated as net sales divided by the average of the beginning and ending store count for the respective period.

⁽⁴⁾  Operating income per store is calculated as operating income divided by the average of beginning and ending total store count for the respective period.

⁽⁵⁾  Gross margin return on inventory is calculated as gross profit divided by an average of beginning and ending inventory, net of accounts payable and financed vendor accounts payable.

Store Development by Segment

The following table sets forth the total number of new, closed and relocated stores and stores with Commercial delivery programs during the twelve and forty weeks ended October 5, 2013 and October 6, 2012 by segment. We lease approximately 79% of our AAP stores. We lease 100% of our AI stores.

AAP
	Twelve Weeks Ended			Forty Weeks Ended
	October 5, 2013		October 6, 2012	October 5, 2013		October 6, 2012
Number of stores at beginning of period	3,763		3,489	3,576		3,460
New stores	35		28	105		57
Acquired BWP stores	—		—	124		—
Closed stores	(2	)	—	(9	)	—
Number of stores, end of period	3,796		3,517	3,796		3,517
Relocated stores	1		2	3		9
Stores with Commercial delivery programs	3,484		3,212	3,484		3,212
AI
	Twelve Weeks Ended			Forty Weeks Ended
	October 5, 2013		October 6, 2012	October 5, 2013		October 6, 2012
Number of stores at beginning of period	227		203	218		202
New stores	—		7	12		13
Closed stores	(5	)	—	(8	)	(5	)
Number of stores, end of period	222		210	222		210
Relocated stores	1		1	10		5
Stores with Commercial delivery programs	222		210	222		210

Included in our store closures during the twelve and forty weeks ended October 5, 2013 are two and three BWP stores, respectively, that were consolidated into existing Advance Auto Parts stores. During Fiscal 2013, we anticipate adding approximately 155 to 165 AAP stores (excluding the 124 BWP stores acquired on December 31, 2012) and 10 to 15 AI stores.

Critical Accounting Policies

Our financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. Our discussion and analysis of the financial condition and results of operations are based on these financial statements. The preparation of these financial statements requires the application of accounting policies in addition to certain estimates and judgments by our management. Our estimates and judgments are based on currently available information, historical results and other assumptions we believe are reasonable. Actual results could differ materially from these estimates. During the twelve and forty weeks ended October 5, 2013, we consistently applied the critical accounting policies discussed in our 2012 Form 10-K. For a complete discussion regarding these critical accounting policies, refer to the 2012 Form 10-K.

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Components of Statement of Operations

Net Sales

Net sales consist primarily of merchandise sales from our retail store locations to both our DIY and Commercial customers and sales from our e-commerce website. Our total sales growth is comprised of both comparable store sales and new store sales. We calculate comparable store sales based on the change in store sales starting once a store has been opened for 13 complete accounting periods (approximately one year) and by including e-commerce sales. We include sales from relocated stores in comparable store sales from the original date of opening.

Cost of Sales

Our cost of sales consists of merchandise costs, net of incentives under vendor programs; inventory shrinkage, defective merchandise and warranty costs; and warehouse and distribution expenses. Gross profit as a percentage of net sales may be affected by (i) variations in our product mix, (ii) price changes in response to competitive factors and fluctuations in merchandise costs, (iii) vendor programs, (iv) inventory shrinkage, (v) defective merchandise and warranty costs and (vi) warehouse and distribution costs. We seek to minimize fluctuations in merchandise costs and instability of supply by entering into long-term purchasing agreements, without minimum purchase volume requirements, when we believe it is advantageous. Our gross profit may not be comparable to that of our competitors due to differences in industry practice regarding the classification of certain costs.

Selling, General and Administrative Expenses

SG&A expenses consist of store payroll and benefits, store occupancy (including rent and depreciation), advertising expenses, Commercial delivery expenses, other store expenses and general and administrative expenses, including salaries and related benefits of store support center Team Members, share-based compensation expense, store support center administrative office expenses, data processing, professional expenses, self-insurance costs, closed store expense, impairment charges and acquisition related costs, if any, and other related expenses.

Results of Operations

The following table sets forth certain of our operating data expressed as a percentage of net sales for the periods indicated.

	Twelve Week Periods Ended				Forty Week Periods Ended
	October 5, 2013		October 6, 2012		October 5, 2013		October 6, 2012
Net sales	100.0	%	100.0	%	100.0	%	100.0	%
Cost of sales, including purchasing and warehousing costs	49.8		50.2		49.8		50.1
Gross profit	50.2		49.8		50.2		49.9
Selling, general and administrative expenses	39.0		39.4		39.0		38.8
Operating income	11.2		10.3		11.2		11.2
Interest expense	(0.5	)	(0.6	)	(0.5	)	(0.5	)
Other expense, net	0.0		0.0		0.0		0.0
Provision for income taxes	3.9		3.6		4.0		4.0
Net income	6.8	%	6.1	%	6.7	%	6.6	%

Twelve and Forty Week Periods EndedOctober 5, 2013 Compared to Twelve and Forty Week Periods EndedOctober 6, 2012

Net Sales

Net sales for the twelve weeks ended October 5, 2013 were $1,520.1 million, an increase of $62.6 million, or 4.3%, as compared to net sales for the twelve weeks ended October 6, 2012. The sales increase was primarily due to sales from the acquired BWP stores and sales from the new AAP and AI stores opened during the last twelve months partially offset by a 2.0% decrease in comparable store sales.

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For the twelve weeks ended October 5, 2013, AAP produced net sales of $1,441.7 million, an increase of $54.9 million, or 4.0%, as compared to net sales for the twelve weeks ended October 6, 2012. This growth was primarily a result of sales from the 121 acquired BWP stores and sales from the net addition of 158 new stores over the past year partially offset by a comparable store sales decrease of 2.2%. The comparable store sales decrease was driven by a decrease in transaction count partially offset by an increase in transaction value, which is reflective of higher priced products sold and a higher mix of Commercial sales. Our decrease in comparable transaction count was more pronounced in our DIY customers in part due to the continued uncertainty in the macroeconomic environment. For the twelve weeks ended October 5, 2013, AI produced net sales of $81.7 million, an increase of $7.2 million, or 9.6%, as compared to net sales for the twelve weeks ended October 6, 2012.

	Twelve Weeks Ended
	October 5, 2013						October 6, 2012
	AAP		AI		Total		AAP		AI		Total
Comparable store sales %	(2.2	%)	1.7	%	(2.0	%)	(1.9	%)	0.2	%	(1.8	)%
Net stores opened in last twelve months	158		12		170		75		7		82
Current number of BWP stores	121		—		121		—		—		—

Net sales for the forty weeks ended October 5, 2013 were $5,085.0 million, an increase of $209.2 million, or 4.3%, as compared to net sales for the forty weeks ended October 6, 2012. The sales increase was primarily due to sales from the acquired BWP stores and sales from the new AAP and AI stores opened during the last twelve months partially offset by a 2.0% decrease in comparable store sales.

For the forty weeks ended October 5, 2013, AAP produced net sales of $4,830.3 million, an increase of $183.6 million, or 4.0%, as compared to net sales for the forty weeks ended October 6, 2012. This growth was primarily a result of sales from the 121 acquired BWP stores and sales from the net addition of 158 new stores over the past year partially offset by a comparable store sales decrease of 2.1%. The comparable store sales decrease was driven by a decrease in transaction count partially offset by an increase in transaction value, which is reflective of of higher priced products sold and a higher mix of Commercial sales. For the forty weeks ended October 5, 2013, AI produced net sales of $266.4 million, an increase of $25.2 million, or 10.5%, as compared to net sales for the forty weeks ended October 6, 2012.

	Forty Weeks Ended
	October 5, 2013						October 6, 2012
	AAP		AI		Total		AAP		AI		Total
Comparable store sales %	(2.1	%)	0.5	%	(2.0	%)	(0.7	%)	1.9	%	(0.5	%)
Net stores opened in last twelve months	158		12		170		75		7		82
Current number of BWP stores	121		—		121		—		—		—

Gross Profit

Gross profit for the twelve weeks ended October 5, 2013 was $762.9 million, or 50.2% of net sales, as compared to $725.4 million, or 49.8% of net sales, for the comparable period of last year, representing an increase of 42 basis points. The 42 basis-point increase in gross profit rate was driven primarily by increased merchandise margins due to lower acquisition costs partially offset by planned inefficiencies in supply chain costs associated with the ramp-up in shipments of inventory from our new distribution center and the impact from a higher mix of Commercial sales which have a lower gross profit rate. The increase in our Commercial mix of sales was primarily due to the sales from the acquired BWP stores.

Gross profit for the forty weeks ended October 5, 2013 was $2,550.4 million, or 50.2% of net sales, as compared to $2,434.9 million, or 49.9% of net sales, for the comparable period of last year, representing an increase of 22 basis points. The 22 basis-point increase in gross profit rate was driven primarily by increased merchandise margins, due to lower acquisition costs and a favorable product mix, and improvement in shrink partially offset by planned inefficiencies in supply chain costs associated with the ramp-up in shipments of inventory from our new distribution center and the impact from a higher mix of Commercial sales which have a lower gross profit rate. The increase in our Commercial mix of sales was primarily due to the sales from the acquired BWP stores.

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SG&A

SG&A expenses for the twelve weeks ended October 5, 2013 were $592.2 million, or 39.0% of net sales, as compared to $575.0 million, or 39.4% of net sales, for the comparable period of last year, representing a decrease of 49 basis points. This decrease as a percentage of net sales was primarily due to lower marketing expense, increased labor productivity and lower administrative and support costs. These decreases were partially offset by acquisition related costs associated with the pending acquisition of GPI, higher incentive compensation and costs from increased new store openings.

SG&A expenses for the forty weeks ended October 5, 2013 were $1,980.9 million, or 39.0% of net sales, as compared to $1,890.8 million, or 38.8% of net sales, for the comparable period of last year, representing an increase of 18 basis points. This increase as a percentage of net sales was primarily due to costs from increased new store openings and higher incentive compensation, partially offset by lower marketing expense and a decrease in credit card fees as a result of the insourcing of our Commercial credit program in Fiscal 2012.

Operating Income

Operating income for the twelve weeks ended October 5, 2013 was $170.7 million, or 11.2% of net sales, as compared to $150.4 million, or 10.3% of net sales, for the comparable period of last year, representing an increase of 91 basis points. This increase was reflective of a decrease in our SG&A rate coupled with an increase in our gross profit rate.

AAP produced operating income of $164.4 million, or 11.4% of net sales, for the twelve weeks ended October 5, 2013 as compared to $147.9 million, or 10.7% of net sales, for the comparable period of last year. This increase on a rate basis was due to the gross profit and SG&A drivers previously discussed. AI generated operating income for the twelve weeks ended October 5, 2013 of $6.3 million as compared to $2.5 million for the comparable period of last year. AI’s operating income increased during the third quarter primarily due to a 9.6% increase in sales; an increase in gross profit rate, driven mainly by supply chain efficiencies; improvements in store labor productivity; and SG&A leverage driven by lower administrative and support costs.

Operating income for the forty weeks ended October 5, 2013 was $569.5 million, or 11.2% of net sales, as compared to $544.1 million, or 11.2% of net sales, for the comparable period of last year, representing a decrease of 4 basis points. This decrease was reflective of an increase in our SG&A rate partially offset by a slight increase in our gross profit rate.

AAP produced operating income of $555.4 million, or 11.5% of net sales, for the forty weeks ended October 5, 2013 as compared to $533.2 million, or 11.5% of net sales, for the comparable period of last year. This slight increase of two basis points was due to the gross profit and SG&A drivers previously discussed. AI generated operating income for the forty weeks ended October 5, 2013 of $14.1 million as compared to $10.9 million for the comparable period of last year. AI’s operating income increased during the forty weeks ended October 5, 2013 primarily due to improvements in store labor productivity and SG&A leverage driven by lower administrative and support costs during the second and third quarters.

Interest Expense

Interest expense for the twelve weeks ended October 5, 2013 was $7.9 million, or 0.5% of net sales, as compared to $8.0 million, or 0.6% of net sales, for the comparable period in Fiscal 2012.

Interest expense for the forty weeks ended October 5, 2013 was $26.6 million, or 0.5% of net sales, as compared to $25.8 million, or 0.5% of net sales, for the comparable period in Fiscal 2012.

Income Taxes

Income tax expense for the twelve weeks ended October 5, 2013 was $59.3 million, as compared to $53.1 million for the comparable period of Fiscal 2012. Our effective income tax rate was 36.4% and 37.2% for the twelve weeks ended October 5, 2013 and October 6, 2012, respectively. The reduction in our effective tax rate was primarily due to employment tax credits taken during the quarter.

Income tax expense for the forty weeks ended October 5, 2013 was $202.0 million, as compared to $196.4 million for the comparable period of Fiscal 2012. Our effective income tax rate was 37.1% and 37.8% for the forty weeks ended October 5, 2013 and October 6, 2012, respectively. The reduction in our effective tax rate was primarily due to employment tax credits taken during the forty weeks ended October 5, 2013.

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Net Income

Net income for the twelve weeks ended October 5, 2013 was $103.8 million, or $1.42 per diluted share, as compared to $89.5 million, or $1.21 per diluted share, for the comparable period of Fiscal 2012. As a percentage of net sales, net income for the twelve weeks ended October 5, 2013 was 6.8%, as compared to 6.1% for the comparable period of Fiscal 2012. The increase in diluted EPS was driven primarily by the increase in net income.

Net income for the forty weeks ended October 5, 2013 was $342.5 million, or $4.65 per diluted share, as compared to $322.6 million, or $4.34 per diluted share, for the comparable period of Fiscal 2012. As a percentage of net sales, net income for the forty weeks ended October 5, 2013 was 6.7%, as compared to 6.6% for the comparable period of Fiscal 2012. The increase in diluted EPS was driven primarily by the increase in net income.

Liquidity and Capital Resources

Overview

Our primary cash requirements to maintain our current operations include payroll and benefits, the purchase of inventory, contractual obligations, capital expenditures and the payment of income taxes. In addition, we have used available funds for acquisitions, to repay borrowings under our revolving credit facility, to periodically repurchase shares of our common stock under our stock repurchase program and for the payment of quarterly cash dividends. We have funded these requirements primarily through cash generated from operations, supplemented by borrowings under our credit facilities and notes offerings as needed. We believe funds generated from our expected results of operations, available cash and cash equivalents, and available borrowings under our revolving credit facility will be sufficient to fund our primary obligations for the next fiscal year. In addition, we expect to secure additional financing in the form of bank debt and senior unsecured notes during our fourth quarter to be used along with cash on-hand to fund the acquisition of GPI, subject to regulatory approval.

At October 5, 2013, our cash and cash equivalents balance was $567.3 million, a decrease of $30.8 million compared to December 29, 2012 (the end of Fiscal 2012). This decrease in cash during the forty weeks ended October 5, 2013 was primarily a result of cash used in the acquisition of BWP, investment in property and equipment and repurchases of common stock partially offset by cash generated from operations. Additional discussion of our cash flow results, including the comparison of the activity for the forty weeks ended October 5, 2013 to the comparable period of Fiscal 2012, is set forth in the Analysis of Cash Flows section.

At October 5, 2013, our outstanding indebtedness was $605.1 million, which was essentially unchanged from December 29, 2012, and consisted of borrowings of $599.0 million under our senior unsecured notes and $6.0 million outstanding on economic development notes. Additionally, we had $87.7 million in letters of credit outstanding, which reduced our total availability under the revolving credit facility to $662.3 million.

Capital Expenditures

Our primary capital requirements have been the funding of our new store development (leased and owned locations), maintenance of existing stores and investments under our Superior Availability and Service Leadership strategies, including supply chain and information technology. Our capital expenditures were $147.7 million for the forty weeks ended October 5, 2013, or $53.5 million less than the forty weeks ended October 6, 2012. In addition to routine capital expenditures, our capital investments during the forty weeks ended October 5, 2013 included the acquisition of BWP for $187.2 million.

Our future capital requirements will depend in large part on the number of and timing for new stores we open within a given year and the investments we make in our existing stores, information technology and our supply chain network. We anticipate that our capital expenditures inFiscal 2013will be less than Fiscal 2012primarily due to fewer store purchases and investments across other support areas. During the forty weeks ended October 5, 2013, we opened 105 AAP stores and 12 AI stores compared to 57 AAP and 13 AI stores during the comparable period of last year. We remain on pace to open 155 to 165 AAP stores (excluding the 124 BWP stores acquired on December 31, 2012) and 10 to 15 AI stores, respectively, during Fiscal 2013.

Stock Repurchase Program

Our stock repurchase program allows us to repurchase our common stock on the open market or in privately negotiated transactions from time to time in accordance with the requirements of the SEC. Our $500 million stock repurchase program in place as of October 5, 2013 was authorized by our Board of Directors on May 14, 2012.

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During the twelve weeks ended October 5, 2013, we repurchased 35,000 shares of our common stock at an aggregate cost of $2.8 million, or an average price of $79.94 per share. Additionally, we repurchased 1,000 shares of our common stock at an aggregate cost of $0.1 million, or an average price of $81.85 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock during the twelve weeks ended October 5, 2013. During the forty weeks ended October 5, 2013, we repurchased 1.0 million shares of our common stock at an aggregate cost of $77.3 million, or an average price of $77.47 per share. At October 5, 2013, we had $415.1 million remaining under our stock repurchase program. Additionally, we repurchased 17,000 shares of our common stock at an aggregate cost of $1.3 million, or an average price of $77.80 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock during the forty weeks ended October 5, 2013.

Dividend

Since Fiscal 2006, our Board of Directors has declared quarterly dividends of $0.06 per share to stockholders of record. On October 30, 2013, our Board of Directors declared a quarterly dividend of $0.06 per share to be paid on January 3, 2014 to all common stockholders of record as of December 20, 2013.

Analysis of Cash Flows

A summary and analysis of our cash flows for the forty week period ended October 5, 2013 as compared to the forty week period ended October 6, 2012 is included below.

	Forty Week Periods Ended
	October 5, 2013			October 6, 2012
	(in millions)
Cash flows from operating activities	$	398.5		$	504.8
Cash flows from investing activities	(317.4		)	(206.2		)
Cash flows from financing activities	(111.9		)	122.9
Net (decrease) increase in cash and cash equivalents	$	(30.8	)	$	421.5

Operating Activities

For the forty weeks ended October 5, 2013, net cash provided by operating activities decreased $106.3 million to $398.5 million. This net decrease in operating cash flow was primarily driven by a $143.7 million increase in inventory, net of accounts payable, primarily as a result of the timing of payments to vendors. Partially offsetting these decreases in operating cash flow was an decrease in receivables of $33.6 million resulting from the transition of our in-house Commercial credit program last year.

Investing Activities

For the forty weeks ended October 5, 2013, net cash used in investing activities increased $111.2 million to $317.4 million. The increase in cash used in investing activities was primarily driven by cash used in the acquisition of BWP partially offset by a reduction in investments in property and equipment as a result of less spending on existing stores, information technology, new store development and investments in supply chain.

Financing Activities

For the forty weeks ended October 5, 2013, net cash used in financing activities was $111.9 million, as compared to net cash provided by financing activities of $122.9 million, a decrease of $234.8 million. This decrease was primarily a result of net proceeds of $184.9 million provided by borrowing activities in Fiscal 2012 coupled with a $53.4 million increase in the repurchase of common stock under our stock repurchase program in Fiscal 2013.

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Long-Term Debt

Bank Debt

We have a $750.0 million unsecured five-year revolving credit facility with our wholly-owned subsidiary, Advance Stores Company, Incorporated, or Stores, serving as the borrower. The revolving credit facility also provides for the issuance of letters of credit with a sub-limit of $300.0 million, and swingline loans in an amount not to exceed $50.0 million. We may request, subject to agreement by one or more lenders, that the total revolving commitment be increased by an amount not exceeding $250.0 million (up to a total commitment of $1 billion) during the term of the revolving credit facility. Voluntary prepayments and voluntary reductions of the revolving balance are permitted in whole or in part, at our option, in minimum principal amounts as specified in the revolving credit facility. The revolving credit facility matures on May 27, 2016.

As of October 5, 2013, we had no borrowings outstanding under our revolving credit facility, but had letters of credit outstanding of $87.7 million, which reduced the availability under the revolving credit facility to $662.3 million. The letters of credit generally have a term of one year or less and serve as collateral for our self-insurance policies.

The interest rate on borrowings under the revolving credit facility is based, at our option, on an adjusted LIBOR rate, plus a margin, or an alternate base rate, plus a margin. The current margin is 1.5% per annum for each of the adjusted LIBOR and alternate base rate borrowings. A facility fee is charged on the total amount of the revolving credit facility, payable in arrears. The current facility fee rate is 0.25% per annum. Under the terms of the revolving credit facility, the interest rate and facility fee are based on our credit rating.

Our revolving credit facility contains covenants restricting our ability to, among other things:  (1) permit the subsidiaries of Advance Stores to create, incur or assume additional debt; (2) incur liens or engage in sale-leaseback transactions; (3) make loans and investments (including acquisitions); (4) guarantee obligations; (5) engage in certain mergers and liquidations; (6) change the nature of our business and the business conducted by our subsidiaries; (7) enter into certain hedging transactions, and (8) change our status as a holding company. We are also required to comply with financial covenants with respect to a maximum leverage ratio and a minimum consolidated coverage ratio. We were in compliance with our covenants in place at October 5, 2013 and December 29, 2012, respectively. Our revolving credit facility also provides for customary events of default, covenant defaults and cross-defaults to other material indebtedness.

Senior Unsecured Notes

Our 5.75% senior unsecured notes were issued in April 2010 at 99.587% of the principal amount of $300.0 million and are due May 1, 2020 (the "2020 Notes"). The 2020 Notes bear interest at a rate of 5.75% per year payable semi-annually in arrears on May 1 and November 1 of each year. Our 4.50% senior unsecured notes were issued in January 2012 at 99.968% of the principal amount of $300.0 million and are due January 15, 2022 (the "2022 Notes" or collectively with 2020 Notes, "the Notes"). The 2022 Notes bear interest at a rate of 4.50% per year payable semi-annually in arrears on January 15 and July 15 of each year. We served as the issuer of the Notes with certain of our domestic subsidiaries currently serving as subsidiary guarantors. The terms of the Notes are governed by an indenture and supplemental indentures (collectively the “Indenture”) among us, the subsidiary guarantors and Wells Fargo Bank, National Association, as Trustee.

We may redeem some or all of the Notes at any time or from time to time, at the redemption price described in the Indenture. In addition, in the event of a Change of Control Triggering Event (as defined in the Indenture for each of the Notes), we will be required to offer to repurchase the notes at a price equal to 101% of the principal amount thereof, plus accrued and unpaid interest to the repurchase date. The Notes are currently fully and unconditionally guaranteed, jointly and severally, on an unsubordinated and unsecured basis by each of the subsidiary guarantors. We will be permitted to release guarantees without the consent of holders of the Notes under the circumstances described in the Indenture: (i) upon the release of the guarantee of our other debt that resulted in the affected subsidiary becoming a guarantor of this debt; (ii) upon the sale or other disposition of all or substantially all of the stock or assets of the subsidiary guarantor; or (iii) upon our exercise of its legal or covenant defeasance option.

As of October 5, 2013, we had a credit rating from Standard & Poor’s of BBB- and from Moody’s Investor Service of Baa3. The current outlooks by Standard & Poor’s and Moody’s are both stable. The current pricing grid used to determine our borrowing rate under our revolving credit facility is based on our credit ratings. If these credit ratings decline, our interest rate on outstanding balances may increase and our access to additional financing on favorable terms may become more limited. In addition, it could reduce the attractiveness of our vendor payment program, where certain of our vendors finance payment obligations from us with designated third party financial institutions, which could result in increased working capital requirements. Conversely, if these credit ratings improve, our interest rate may decrease.

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Off-Balance-Sheet Arrangements

As of October 5, 2013, we had no off-balance-sheet arrangements as defined in Regulation S-K Item 303 of the SEC regulations. We include other off-balance-sheet arrangements in our contractual obligations table in our 2012 Form 10-K, including operating lease payments, interest payments on our notes and revolving credit facility and letters of credit outstanding.

Contractual Obligations

As of October 5, 2013, there were no material changes to our outstanding contractual obligations as compared to our contractual obligations outstanding as of December 29, 2012. For information regarding our contractual obligations see “Contractual Obligations” in our 2012 Form 10-K.

Seasonality

Our business is somewhat seasonal in nature, with the highest sales usually occurring in the spring and summer months. In addition, our business can be affected by weather conditions. While unusually heavy precipitation tends to soften sales as elective maintenance is deferred during such periods, extremely hot or cold weather tends to enhance sales by causing automotive parts to fail at an accelerated rate.

New Accounting Pronouncements

For a description of recently announced accounting standards, including the expected dates of adoption and estimated effects, if any, on our condensed consolidated financial statements, see New Accounting Pronouncements in Note 1 of the Notes to Condensed Consolidated Financial Statements in this Quarterly Report on Form 10-Q.

Internet Address and Access to SEC Filings

Our Internet address is www.AdvanceAutoParts.com. We make available free of charge through our Internet website our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to the Securities Exchange Act of 1934 as soon as reasonably practicable after we electronically file such material with, or furnish them to, the SEC. The SEC maintains a website that contains reports, proxy statements and other information regarding issuers that file electronically with the SEC. These materials may be obtained electronically by accessing the SEC's website atwww.sec.gov.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Interest Rate Risk

Our primary financial market risk is due to changes in interest rates. Historically, we have reduced our exposure to changes in interest rates by entering into various interest rate hedge instruments such as interest rate swap contracts and treasury lock agreements. We have historically utilized interest rate swaps to convert variable rate debt to fixed rate debt and to lock in fixed rates on future debt issuances. Our interest rate hedge instruments have been designated as cash flow hedges. At October 5, 2013 we had no interest rate swaps or other derivative instruments outstanding.

The interest rate on borrowings under the revolving credit facility is based, at the Company’s option, on an adjusted LIBOR rate, plus a margin, or an alternate base rate, plus a margin. At October 5, 2013 we had no borrowings outstanding under our revolving credit facility. However, if we elect to borrow on our revolving credit facility, we may be exposed to interest rate risk due to changes in LIBOR or an alternate base rate. There is no interest rate risk associated with our 2020 Notes or 2022 Notes, as the interest rates are fixed at 5.75% and 4.50%, respectively, per annum.

Credit Risk

Our financial assets that are exposed to credit risk consist primarily of trade accounts receivable and vendor receivables. We are exposed to normal credit risk from Commercial customers. Our concentration of credit risk is limited because our Commercial customer base consists of a large number of customers with relatively small balances, which allows the credit risk

29

to be spread across a broad base. We strive to maintain a close working relationship with our vendors and frequently monitor their financial strength. We have not historically had significant credit losses.

ITEM 4. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Our disclosure controls and procedures are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934 is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure. Our management evaluated, with the participation of our principal executive officer and principal financial officer, the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report in accordance with Rule 13a-15(b) under the Exchange Act. Based on this evaluation, our principal executive officer and our principal financial officer have concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the quarter ended October 5, 2013 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. 

30

6BPART II.  OTHER INFORMATION

ITEM 1A.RISK FACTORS

In addition to the risk factors disclosed under Item 1A to Part 1 of our 2012 Form 10-K, the following risk factors should be read carefully in connection with evaluating our business and the forward-looking information contained in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Other than the updates to our risk factors presented below, there have been no material changes in the risk factors previously disclosed in our Annual Report on Form 10-K.

The parties to the proposed acquisition of GPI may be unable to satisfy the conditions to the completion of the acquisition and the acquisition may not be completed.

Completion of the proposed acquisition of GPI is conditioned on, among other things, the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, the approval of the merger agreement by GPI shareholders, the absence of any law or order that prohibits the completion of the transaction, the accuracy of the representations and warranties of the parties contained in the merger agreement (subject to certain specified standards of materiality), the compliance in all material respects with the covenants of the parties contained in the merger agreement and the absence of a material adverse effect (as defined in the merger agreement) on GPI. These and other conditions to the completion of the transaction may fail to be satisfied. In addition, there can be no assurance that our expected financing for the transaction will be available on expected or acceptable terms, or at all, in order to enable us to complete the acquisition.

Satisfying the conditions to and completion of the transaction may take longer, and could cost more, than we and GPI expect. Any delay in completing the acquisition of GPI or any additional conditions imposed in order to complete the transaction may materially adversely affect the synergies and other benefits that we expect to achieve if the transaction and the integration of the companies’ respective businesses are completed within the expected timeframe.

Failure to achieve the expected benefits of the proposed acquisition of GPI and to integrate GPI’s operations with ours could adversely affect us following the completion of the acquisition and the market price of our common stock.

We cannot be certain whether, and to what extent, any strategic, operational, financial or other benefits resulting from the proposed acquisition of GPI will be achieved. In order to obtain the benefits of the transaction, we must integrate GPI’s operations with ours. Such integration may be complex and the failure to do so quickly and effectively may negatively affect our earnings. The market price of our common stock may decline as a result of the acquisition if our integration of GPI is unsuccessful, takes longer than expected or fails to achieve financial benefits to the extent anticipated by financial analysts or investors, or the effect of the acquisition on our financial results is otherwise not consistent with the expectations of financial analysts or investors.

The announcement and pendency of the proposed acquisition of GPI could cause disruptions in and create uncertainty surrounding GPI’s and our businesses, including affecting GPI’s and our relationships with existing and future customers, suppliers and employees, which could have an adverse effect on GPI’s and our business, financial results and operations, regardless of whether the acquisition is completed. In particular, GPI and we could lose customers or suppliers, and new customer or supplier contracts could be delayed or decreased. In addition, we have diverted, and will continue to divert, significant management resources towards the completion of the acquisition, which could adversely affect our business and results of operations.

We expect to incur substantial additional indebtedness in connection with the proposed acquisition of GPI.

In connection with the proposed acquisition of GPI, we expect to enter into financing arrangements. We intend to use this financing to pay, in part, the merger consideration and related fees and expenses. This additional indebtedness may limit the combined company’s operating flexibility following the acquisition and could otherwise strain the company’s liquidity and financial condition.

If we are unable to retain key GPI personnel after the proposed acquisition of GPI is completed, the combined company’s business might suffer.

The success of the proposed acquisition of GPI will depend in part on our ability to retain key GPI employees who continue employment with the combined company after the completion of the transaction. It is possible that these employees might decide not to remain with the combined company after the transaction is completed. We might not be able to locate

31

suitable replacements for any such key employees that leave GPI or to secure the employment of suitable replacements on reasonable terms. In addition, if key employees terminate their employment, management’s attention might be diverted from successfully integrating GPI’s operations to hiring suitable replacements and the combined company’s business might suffer.

We will incur significant transaction costs as a result of the proposed acquisition of GPI.

We expect to incur significant one-time transaction costs related to the proposed acquisition of GPI. These transaction costs include investment banking, legal and accounting fees and expenses and other related charges. We may also incur additional unanticipated transaction costs in connection with the acquisition. A portion of the transaction costs related to the acquisition will be incurred regardless of whether the acquisition is completed. Although efficiencies related to the integration of the businesses may allow us to offset incremental transaction and merger-related costs over time, this net benefit may not be achieved in the near term, or at all.

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

The following table sets forth the information with respect to repurchases of our common stock for the quarter ended October 5, 2013 (amounts in thousands, except per share amounts):

Period	Total Number of Shares Purchased (1)	Average Price Paid per Share (1)		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)	Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
July 14, 2013 to August 10, 2013	35	$	79.94	35	$	415,092
August 11, 2013 to September 7, 2013	1	81.85		—	415,092
September 8, 2013 to October 5, 2013	—	—		—	415,092
Total	36	$	79.98	35	$	415,092

⁽¹⁾  We repurchased 1,000 shares of our common stock, at an aggregate cost of $0.1 million, or an average purchase price of $81.85 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock during the twelve weeks ended October 5, 2013.

⁽²⁾  Our $500 million stock repurchase program was authorized by our Board of Directors and publicly announced on May 14, 2012.

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ITEM 6. EXHIBITS

		Incorporated by Reference			Filed
Exhibit No.	Exhibit Description	Form	Exhibit	Filing Date	Herewith
3.1	Restated Certificate of Incorporation of Advance Auto Parts, Inc. (“Advance Auto”) (as amended effective as of June 7, 2013).	10-Q	3.1	8/19/2013
3.2	Amended and Restated Bylaws of Advance Auto (effective June 7, 2013).	8-K	3.2	6/13/2013
31.1	Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
31.2	Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32.1	Certifications of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB	XBRL Taxonomy Extension Labels Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document

33

SIGNATURE

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.

	ADVANCE AUTO PARTS, INC.
November 12, 2013	By:	/s/ Michael A. Norona
		Michael A. Norona Executive Vice President and Chief Financial Officer

S-1

EXHIBIT INDEX

		Incorporated by Reference			Filed
Exhibit No.	Exhibit Description	Form	Exhibit	Filing Date	Herewith
3.1	Restated Certificate of Incorporation of Advance Auto Parts, Inc. (“Advance Auto”) (as amended effective as of June 7, 2013).	10-Q	3.1	8/19/2013
3.2	Amended and Restated Bylaws of Advance Auto (effective June 7, 2013).	8-K	3.2	6/13/2013
31.1	Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
31.2	Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.				X
32.1	Certifications of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.				X
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB	XBRL Taxonomy Extension Labels Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document

EX-31.1

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Darren R. Jackson, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Advance Auto Parts, 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;

4. 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 control 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 employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 12, 2013

/s/ Darren R. Jackson

Darren R. Jackson

Chief Executive Officer and Director

EX-31.2

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Michael A. Norona, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Advance Auto Parts, 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;

4. 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 control 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 employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 12, 2013

/s/ Michael A. Norona

Michael A. Norona

Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Darren R. Jackson, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge, the Quarterly Report on Form 10-Q of Advance Auto Parts, Inc. for the quarterly period ended October 5, 2013 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information contained in such Quarterly Report on Form 10-Q fairly presents in all material respects the financial condition and results of operations of Advance Auto Parts, Inc. The foregoing certification is being furnished to the Securities and Exchange Commission as part of the accompanying report on Form 10-Q. A signed original of this statement has been provided to Advance Auto Parts, Inc. and will be retained by Advance Auto Parts, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

Date:	November 12, 2013	By:	/s/ Darren R. Jackson
		Name: Darren R. Jackson    Title: Chief Executive Officer and Director

I, Michael A. Norona, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge, the Quarterly Report on Form 10-Q of Advance Auto Parts, Inc. for the quarterly period ended October 5, 2013 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information contained in such Quarterly Report on Form 10-Q fairly presents in all material respects the financial condition and results of operations of Advance Auto Parts, Inc. The foregoing certification is being furnished to the Securities and Exchange Commission as part of the accompanying report on Form 10-Q. A signed original of this statement has been provided to Advance Auto Parts, Inc. and will be retained by Advance Auto Parts, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

Date:	November 12, 2013	By:	/s/ Michael A. Norona
		Name: Michael A. Norona    Title: Executive Vice President and Chief Financial Officer

XML

Earnings per Share

9 Months Ended

Oct. 05, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Earnings per Share:

Certain of the Company’s shares granted to employees in the form of restricted stock are considered participating securities which require the use of the two-class method for the computation of basic and diluted earnings per share. For the twelve week periods ended October 5, 2013 and October 6, 2012, earnings of $232 and $203, respectively, were allocated to the participating securities. For the forty week periods ended October 5, 2013 and October 6, 2012, earnings of $791 and $760, respectively, were allocated to the participating securities.

Diluted earnings per share are calculated by including the effect of dilutive securities. Share-based awards to purchase approximately 54 and 187 shares of common stock that had an exercise price in excess of the average market price of the common stock during the twelve week periods ended October 5, 2013 and October 6, 2012, respectively, were not included in the calculation of diluted earnings per share because they were anti-dilutive. Share-based awards to purchase approximately 52 and 213 shares of common stock that had an exercise price in excess of the average market price of the common stock during the forty week periods ended October 5, 2013 and October 6, 2012, respectively, were not included in the calculation of diluted earnings per share because they were anti-dilutive.

The following table illustrates the computation of basic and diluted earnings per share for the twelve and forty week periods ended October 5, 2013 and October 6, 2012, respectively:

	Twelve Weeks Ended						Forty Weeks Ended
	October 5, 2013			October 6, 2012			October 5, 2013			October 6, 2012
Numerator
Net income applicable to common shares	$	103,830		$	89,503		$	342,491		$	322,615
Participating securities' share in earnings	(232		)	(203		)	(791		)	(760		)
Net income applicable to common shares	$	103,598		$	89,300		$	341,700		$	321,855
Denominator
Basic weighted average common shares	72,747			73,166			72,981			73,052
Dilutive impact of share-based awards	381			826			482			1,055
Diluted weighted average common shares	73,128			73,992			73,463			74,107
Basic earnings per common share
Net income applicable to common stockholders	$	1.42		$	1.22		$	4.68		$	4.41
Diluted earnings per common share
Net income applicable to common stockholders	$	1.42		$	1.21		$	4.65		$	4.34

XML

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Oct. 05, 2013	Oct. 06, 2012	Oct. 05, 2013	Oct. 06, 2012
Net sales	$ 1,520,144	$ 1,457,527	$ 5,085,001	$ 4,875,802
Cost of sales, including purchasing and warehousing costs	757,204	732,177	2,534,632	2,440,921
Gross profit	762,940	725,350	2,550,369	2,434,881
Selling, general and administrative expenses	592,216	574,990	1,980,895	1,890,762
Operating income	170,724	150,360	569,474	544,119
Interest expense	(7,948)	(8,048)	(26,632)	(25,849)
Other income (expense), net	366	312	1,689	759
Total other, net	(7,582)	(7,736)	(24,943)	(25,090)
Income before provision for income taxes	163,142	142,624	544,531	519,029
Provision for income taxes	59,312	53,121	202,040	196,414
Net income	$ 103,830	$ 89,503	$ 342,491	$ 322,615
Basic earnings per share	$ 1.42	$ 1.22	$ 4.68	$ 4.41
Diluted earnings per share	$ 1.42	$ 1.21	$ 4.65	$ 4.34
Dividends declared per common share	$ 0.06	$ 0.06	$ 0.18	$ 0.18
Average common shares outstanding	72,747	73,166	72,981	73,052
Average common shares outstanding - assuming dilution	73,128	73,992	73,463	74,107

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Inventories, net

9 Months Ended

Oct. 05, 2013

Inventory, Net [Abstract]

Inventories, net

Inventories, net:

Inventories are stated at the lower of cost or market. The Company used the LIFO method of accounting for approximately 95% of inventories at October 5, 2013, December 29, 2012 and October 6, 2012. Under LIFO, the Company’s cost of sales reflects the costs of the most recently purchased inventories, while the inventory carrying balance represents the costs for inventories purchased in Fiscal 2013 and prior years. As a result of utilizing LIFO, the Company recorded an increase to cost of sales of $476 for the forty weeks ended October 5, 2013. The Company recorded a reduction to cost of sales of $20,684 for the forty weeks ended October 6, 2012. The Company's overall costs to acquire inventory for the same or similar products have generally decreased historically as the Company has been able to leverage its continued growth, execution of merchandising strategies and realization of supply chain efficiencies.

An actual valuation of inventory under the LIFO method is performed by the Company at the end of each fiscal year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected fiscal year-end inventory levels and costs.

Inventory balances at October 5, 2013, December 29, 2012 and October 6, 2012 were as follows:

	October 5, 2013		December 29, 2012		October 6, 2012
Inventories at FIFO, net	$	2,338,264	$	2,182,419	$	2,070,582
Adjustments to state inventories at LIFO	125,714		126,190		122,787
Inventories at LIFO, net	$	2,463,978	$	2,308,609	$	2,193,369

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Receivables, net (Tables)

9 Months Ended

Oct. 05, 2013

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Receivables consist of the following:

	October 5, 2013			December 29, 2012			October 6, 2012
Trade	$	149,670		$	110,153		$	90,571
Vendor	134,471			119,770			113,340
Other	6,821			5,862			5,970
Total receivables	290,962			235,785			209,881
Less: Allowance for doubtful accounts	(11,985		)	(5,919		)	(5,326		)
Receivables, net	$	278,977		$	229,866		$	204,555

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Warranty Liabilities

9 Months Ended

Oct. 05, 2013

Notes to Financial Statements [Abstract]

Warranty Liabilities

Warranty Liabilities:

The following table presents changes in the Company’s warranty reserves:

	October 5, 2013			December 29, 2012			October 6, 2012
	(40 weeks ended)			(52 weeks ended)			(40 weeks ended)
Warranty reserve, beginning of period	$	38,425		$	38,847		$	38,847
Additions to warranty reserves	31,280			40,766			29,332
Reserves utilized	(31,148		)	(41,188		)	(30,983		)
Warranty reserve, end of period	$	38,557		$	38,425		$	37,196

The Company’s warranty liabilities are included in Accrued expenses in its condensed consolidated balance sheets.

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Stock Repurchase Program (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Oct. 05, 2013	Jul. 14, 2012	Oct. 05, 2013	Oct. 06, 2012
Treasury Stock, Value, Acquired, Cost Method			$ (78,637)	$ (25,193)
Five Hundred Million Stock Repurchase Plan Authorized May 14, 2012 [Member]
Stock Repurchase Program, Authorized Amount			500,000
Net Settlement of Shares Issued as a Result of the Vesting of Restricted Stock [Member]
Treasury Stock, Shares, Acquired	1	2	17	66
Treasury Stock, Value, Acquired, Cost Method	68	151	1,344	5,604
Treasury Stock Acquired, Average Cost Per Share	$ 81.85	$ 72.85	$ 77.80	$ 84.61
Five Hundred Million Stock Repurchase Plan approved May 14, 2012 [Member] [Member]
Stock Repurchase Program, Remaining Authorized Repurchase Amount			415,092
Stock Repurchase Plan (current year shares) [Member]
Treasury Stock, Shares, Acquired	35	0	998	257
Treasury Stock, Value, Acquired, Cost Method	2,782	0	77,293	19,589
Treasury Stock Acquired, Average Cost Per Share	$ 79.94	$ 0.00	$ 77.47	$ 76.18
Treasury Stock [Member]
Treasury Stock, Shares, Acquired			1,015	323
Treasury Stock, Value, Acquired, Cost Method			$ (78,637)	$ (25,193)
Treasury Stock, Shares, Retired				(33,738)
Common Stock [Member]
Treasury Stock, Shares, Retired				(33,738)

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Earnings per Share (Tables)

9 Months Ended

Oct. 05, 2013

Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table illustrates the computation of basic and diluted earnings per share for the twelve and forty week periods ended October 5, 2013 and October 6, 2012, respectively:

	Twelve Weeks Ended						Forty Weeks Ended
	October 5, 2013			October 6, 2012			October 5, 2013			October 6, 2012
Numerator
Net income applicable to common shares	$	103,830		$	89,503		$	342,491		$	322,615
Participating securities' share in earnings	(232		)	(203		)	(791		)	(760		)
Net income applicable to common shares	$	103,598		$	89,300		$	341,700		$	321,855
Denominator
Basic weighted average common shares	72,747			73,166			72,981			73,052
Dilutive impact of share-based awards	381			826			482			1,055
Diluted weighted average common shares	73,128			73,992			73,463			74,107
Basic earnings per common share
Net income applicable to common stockholders	$	1.42		$	1.22		$	4.68		$	4.41
Diluted earnings per common share
Net income applicable to common stockholders	$	1.42		$	1.21		$	4.65		$	4.34

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Fair Value Measurements (Tables)

9 Months Ended

Oct. 05, 2013

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]

The following table sets forth the Company’s financial liabilities that were measured at fair value on a recurring basis as of October 5, 2013, December 29, 2012 and October 6, 2012:

			Fair Value Measurements at Reporting Date Using
			Level 1		Level 2		Level 3
	Fair Value		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
As of October 5, 2013
Contingent consideration related to business acquisitions	$	12,939	$	—	$	—	$	12,939
As of December 29, 2012
Contingent consideration related to business acquisitions	16,999		—		—		16,999
As of October 6, 2012
Contingent consideration related to business acquisitions	$	23,021	$	—	$	—	$	23,021

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The carrying value and fair value of the Company's long-term debt as of October 5, 2013, December 29, 2012 and October 6, 2012, respectively, are as follows:

	October 5, 2013		December 29, 2012		October 6, 2012
Carrying Value	$	604,027	$	604,461	$	599,550
Fair Value	$	626,000	$	655,000	$	675,000

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Receivables, net (Details) (USD $) In Thousands, unless otherwise specified	Oct. 05, 2013	Dec. 29, 2012	Oct. 06, 2012
Trade	$ 149,670	$ 110,153	$ 90,571
Vendor	134,471	119,770	113,340
Account Receivable, Other	6,821	5,862	5,970
Total receivables	290,962	235,785	209,881
Less: Allowance for doubtful accounts	(11,985)	(5,919)	(5,326)
Receivables, net	$ 278,977	$ 229,866	$ 204,555

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Warranty Liabilities (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended		12 Months Ended
	Oct. 05, 2013	Oct. 06, 2012	Dec. 29, 2012
Warranty reserve, beginning of period	$ 38,425	$ 38,847	$ 38,847
Additions to warranty reserves	31,280	29,332	40,766
Reserves utilized	(31,148)	(30,983)	(41,188)
Warranty reserve, end of period	$ 38,557	$ 37,196	$ 38,425

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BWP Distributors Acquisition (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Oct. 05, 2013	Oct. 06, 2012
Accrued purchase price of business acquisition	$ (1,074)	$ 0
Business acquisition, expected proceeds from sale of certain assets	16,798
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	63,663
Goodwill, Acquired During Period	123,446	0
Cash and Cash Equivalents [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	972
Accounts Receivable [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	22,615
Inventories [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	52,229
Other Current Assets [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	9,741
Property, Plant and Equipment, Type [Domain]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	5,329
Total intangible assets excluding goodwill [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	31,600
Other Assets [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	2,253
Accounts Payable [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	(37,303)
Accrued Liabilities [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	(11,843)
Other Liabilities [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	(11,930)
BWP stores AAP will transfer the rights to distribute [Member]
Number of Stores	92
BWP stores acquired by AAP in acquisition [Member]
Number of Stores	124
B.W.P. Distributors, Inc. stores operated prior to acquisition [Member]
Number of Stores	216
BWP [Member]
Business Acquisition, Cost of Acquired Entity, Purchase Price	187,109
AAP [Member]
Goodwill, Acquired During Period	$ 123,446	$ 0

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Long-term Debt (Tables)

9 Months Ended

Oct. 05, 2013

Long-term Debt, Unclassified [Abstract]

Schedule of Debt [Table Text Block]

Long-term debt consists of the following:

	October 5, 2013			December 29, 2012			October 6, 2012
Revolving facility at variable interest rates (1.67%, 1.74% and 1.77% at October 5, 2013, December 29, 2012 and October 6, 2012, respectively) due May 27, 2016	$	—		$	—		$	—
5.75% Senior Unsecured Notes (net of unamortized discount of $891, $975 and $999 at October 5, 2013, December 29, 2012 and October 6, 2012, respectively) due May 1, 2020	299,109			299,025			299,001
4.50% Senior Unsecured Notes (net of unamortized discount of $82, $88 and $90 at October 5, 2013, December 29, 2012 and October 6, 2012, respectively) due January 15, 2022	299,918			299,912			299,910
Other	6,030			6,151			1,338
	605,057			605,088			600,249
Less: Current portion of long-term debt	(1,030		)	(627		)	(699		)
Long-term debt, excluding current portion	$	604,027		$	604,461		$	599,550

Long-term Debt, Description

The Company may request, subject to agreement by one or more lenders, that the total revolving commitment be increased by an amount not exceeding $250,000 (up to a total commitment of $1,000,000) during the term of the credit agreement. Voluntary prepayments and voluntary reductions of the revolving balance are permitted in whole or in part, at the Company’s option, in minimum principal amounts as specified in the revolving credit facility. The Facility matures on May 27, 2016.The Company has a $750,000 unsecured five-year revolving credit facility (the "Facility") with Stores serving as the borrower. The Facility also provides for the issuance of letters of credit with a sub-limit of $300,000, and swingline loans in an amount not to exceed $50,000. The Company may request, subject to agreement by one or more lenders, that the total revolving commitment be increased by an amount not exceeding $250,000 (up to a total commitment of $1,000,000) during the term of the credit agreement. Voluntary prepayments and voluntary reductions of the revolving balance are permitted in whole or in part, at the Company’s option, in minimum principal amounts as specified in the revolving credit facility. The Facility matures on May 27, 2016.

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Oct. 05, 2013	Oct. 06, 2012	Oct. 05, 2013	Oct. 06, 2012
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized (Gain) Loss Arising During Period, Tax	$ 91	$ 73	$ 248	$ 242
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	$ 0	$ 0	$ 0	$ 163

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Oct. 05, 2013	Oct. 06, 2012
Cash flows from operating activities:
Net income	$ 342,491	$ 322,615
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	160,059	143,767
Share-based compensation	6,510	12,132
Loss on property and equipment, net	402	1,911
Other	1,226	1,214
Deferred Income Tax Expense (Benefit)	(3,797)	18,402
Excess tax benefit from share-based compensation	(15,168)	(21,867)
Increase decrease in Operating Capital
Receivables, net	(30,529)	(64,171)
Inventories, net	(110,934)	(148,759)
Other assets	(14,902)	(14,827)
Accounts payable	(9,502)	171,979
Accrued expenses	69,724	75,876
Other liabilities	2,887	6,510
Net cash provided by operating activities	398,467	504,782
Cash flows from investing activities:
Purchases of property and equipment	(147,690)	(201,210)
Business acquisitions, net of cash acquired	(187,211)	(5,332)
Sale of certain assets of acquired business	16,798	0
Proceeds from sales of property and equipment	723	348
Net cash used in investing activities	(317,380)	(206,194)
Cash flows from financing activities:
Decrease in bank overdrafts	(8,665)	(14,527)
Issuance of senior unsecured notes	0	299,904
Payment of debt related costs	0	(2,648)
Borrowings under credit facilities	0	58,500
Payments on credit facilities	0	(173,500)
Dividends paid	(17,563)	(17,586)
Proceeds from the issuance of common stock, primarily exercise of stock options	3,609	7,182
Tax withholdings related to the exercise of stock appreciation rights	(20,572)	(25,627)
Excess tax benefit from share-based compensation	15,168	21,867
Repurchase of common stock	(78,637)	(25,193)
Contingent payment accrued on acquisition	(4,726)	(4,755)
Other	(511)	(723)
Net cash provided by (used in) financing activities	(111,897)	122,894
Net increase (decrease) in cash and cash equivalents	(30,810)	421,482
Cash and cash equivalents, beginning of period	598,111	57,901
Cash and cash equivalents, end of period	567,301	479,383
Supplemental cash flow information:
Interest paid	25,491	18,616
Income tax payments, net	172,682	107,031
Non-cash transactions:
Accrued purchases of property and equipment	16,698	23,739
Treasury Stock, Retired, Cost Method, Amount, Noncash for cash flow	0	1,644,767
Net amount accrued related to purchase price of business acquisition	1,074	0
Other Comprehensive Income (Loss), Net of Tax	$ 1,941	$ (121)

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BWP Distributors Acquisition (Notes)

9 Months Ended

Oct. 05, 2013

BWP Distriburs Acquisition [Abstract]

Business Combination Disclosure

Acquisition of B.W.P. Distributors:

On December 31, 2012, the Company acquired B.W.P. Distributors, Inc. ("BWP") in an all-cash transaction. BWP, formerly a privately held company, supplied, marketed and distributed automotive aftermarket parts and products principally to commercial customers. Prior to the acquisition, BWP operated or supplied 216 locations in the Northeastern United States. The Company believes this acquisition will enable the Company to continue its expansion in the competitive Northeast, which is a strategic growth area for the Company due to the large population and overall size of the market, and to gain valuable information to apply to its existing operations as a result of BWP's expertise in Commercial. The amount of acquired goodwill reflects this strategic importance to the Company.

Concurrent with the closing of the acquisition, the Company transferred one distribution center and BWP's rights to distribute to 92 independently owned locations to an affiliate of General Parts International, Inc. ("GPI"), a privately held auto supply company. As a result, the Company began operating the 124 BWP company-owned stores and two remaining BWP distribution centers as of the closing date. The Company has included the financial results of BWP in its consolidated financial statements commencing December 31, 2012 (Fiscal 2013). Pro forma results of operations related to the acquisition of BWP are not presented as BWP's results are not material to the Company's condensed consolidated statements of operations.

Under the terms of the agreement, the Company acquired the net assets in exchange for a purchase price of $187,109, of which $1,074 was not settled as of October 5, 2013. The purchase price reflects the finalization of certain post-closing adjustments made subsequent to the Company's filing of its second quarter Report on Form 10-Q. Following the closing of the acquisition, the Company sold certain of the acquired assets for $16,798 related to the transfer of operations to GPI.

The following table summarizes the consideration paid for BWP and the amounts of the assets acquired and liabilities assumed that were recognized at the acquisition date:

Total Consideration	$	187,109
Recognized amounts of identifiable assets
acquired and liabilities assumed
Cash and cash equivalents	$	972
Receivables	22,615
Inventory	52,229
Other current assets	9,741
Property, plant and equipment	5,329
Intangible assets	31,600
Other assets	2,253
Accounts payable	(37,303		)
Accrued and other current liabilities	(11,843		)
Long-term liabilities	(11,930		)
Total identifiable net assets	63,663
Goodwill	123,446
Total acquired net assets	$	187,109

Due to the nature of BWP's business, the assets acquired and liabilities assumed as part of this acquisition are similar in nature to those of Advance. For additional information regarding intangible assets acquired, see Note 4, Goodwill and Intangible Assets. All of the goodwill is expected to be deductible for income tax purposes.

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Basis of Presentation

9 Months Ended

Oct. 05, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation:

The accompanying unaudited condensed consolidated financial statements have been prepared by the Company and include the accounts of Advance Auto Parts, Inc., its wholly owned subsidiary, Advance Stores Company, Incorporated ("Stores"), and its subsidiaries (collectively, the "Company"). All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial position of the Company, the results of its operations and cash flows have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP, have been condensed or omitted based upon the Securities and Exchange Commission ("SEC") interim reporting guidance. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s consolidated financial statements for the fiscal year ended December 29, 2012, or Fiscal 2012.

The accounting policies followed in the presentation of interim financial results are consistent with those followed on an annual basis. These policies are presented in Note 1 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for Fiscal 2012 (filed with the SEC on February 25, 2013).

The results of operations for the interim periods are not necessarily indicative of the operating results to be expected for the full fiscal year. The first quarter of each of the Company's fiscal years contains 16 weeks while the remaining three quarters contain 12 weeks each.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.

New Accounting Pronouncements

In July 2013, the Financial Accounting Standards Board, or FASB, issued ASU No. 2013-11 “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.”  Under ASU 2013-11 an entity is required to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward.  If a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets.  ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.  The adoption of this guidance affects presentation only and, therefore, it is not expected to have a material impact on the Company's consolidated financial condition, results of operations or cash flows.   

In February 2013, the FASB issued ASU No. 2013-02 “Comprehensive Income - Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” ASU 2013-02 is an amendment adding new disclosure requirements for items reclassified out of accumulated other comprehensive income (“AOCI”). The amendment requires presentation of changes in AOCI balances by component and significant items reclassified out of AOCI by component either (1) on the face of the statement of operations or (2) as a separate disclosure in the notes to the financial statements. ASU 2013-02 is effective for fiscal years beginning after December 15, 2012. The adoption of ASU 2013-02 had no impact on the Company's consolidated financial condition, results of operations or cash flows.

In July 2012, the FASB issued ASU No. 2012-02 “Intangible-Goodwill and Other – Testing Indefinite-Lived Intangible Assets for Impairment.” ASU 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is more likely than not that the asset is impaired. Furthermore, ASU 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test. ASU 2012-02 is effective for fiscal years beginning after September 15, 2012 and early adoption is permitted. The adoption of ASU 2012-02 had no impact on the Company’s consolidated financial condition, results of operations or cash flows.

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Segment and Related Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Oct. 05, 2013	Oct. 06, 2012	Oct. 05, 2013	Oct. 06, 2012	Dec. 29, 2012
Segment Reporting Information [Line Items]
Revenue, Net	$ 1,520,144	$ 1,457,527	$ 5,085,001	$ 4,875,802
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	163,142	142,624	544,531	519,029
Income Tax Expense (Benefit)	59,312	53,121	202,040	196,414
Segment Reporting Information, Net Assets	4,944,699	4,357,206	4,944,699	4,357,206	4,613,814
Interecompany eliminations - AAP to AI [Member]
Segment Reporting Information [Line Items]
Segment Reporting Information, Revenue for Reportable Segment	(2,128)	(2,504)	(8,137)	(7,695)
Interecompany elimination - AI to AAP [Member]
Segment Reporting Information [Line Items]
Segment Reporting Information, Revenue for Reportable Segment	(1,117)	(1,298)	(3,511)	(4,337)
Intersegment Elimination [Member]
Segment Reporting Information [Line Items]
Segment Reporting Information, Revenue for Reportable Segment	(3,245)	(3,802)	(11,648)	(12,032)
AAP [Member]
Segment Reporting Information [Line Items]
Segment Reporting Information, Revenue for Reportable Segment	1,441,695	1,386,791	4,830,293	4,646,688
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	156,814	140,141	530,493	508,137
Income Tax Expense (Benefit)	56,882	52,155	196,748	192,069
Segment Reporting Information, Net Assets	4,659,837	4,090,931	4,659,837	4,090,931	4,352,686
AI [Member]
Segment Reporting Information [Line Items]
Segment Reporting Information, Revenue for Reportable Segment	81,694	74,538	266,356	241,146
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	6,328	2,483	14,038	10,892
Income Tax Expense (Benefit)	2,430	966	5,292	4,345
Segment Reporting Information, Net Assets	284,862	266,275	284,862	266,275	261,128
Operating Segments [Member]
Segment Reporting Information [Line Items]
Segment Reporting Information, Net Assets	$ 4,944,699	$ 4,357,206	$ 4,944,699	$ 4,357,206	$ 4,613,814
AAP [Member]
Segment Reporting Information [Line Items]
Number of Stores	3,796		3,796
AI [Member]
Segment Reporting Information [Line Items]
Number of Stores	222		222

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Warranty Liabilities (Tables)

9 Months Ended

Oct. 05, 2013

Warranty Liabilities: [Abstract]

Schedule of Product Warranty Liability [Table Text Block]

The following table presents changes in the Company’s warranty reserves:

	October 5, 2013			December 29, 2012			October 6, 2012
	(40 weeks ended)			(52 weeks ended)			(40 weeks ended)
Warranty reserve, beginning of period	$	38,425		$	38,847		$	38,847
Additions to warranty reserves	31,280			40,766			29,332
Reserves utilized	(31,148		)	(41,188		)	(30,983		)
Warranty reserve, end of period	$	38,557		$	38,425		$	37,196

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Goodwill and Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Oct. 05, 2013	Oct. 06, 2012	Dec. 29, 2012	Dec. 31, 2011
Goodwill	$ 199,835	$ 76,389	$ 76,389	$ 76,389
Goodwill, Acquired During Period	123,446	0
Remainder of 2013	1,831
2014	7,175
2015	3,702
2016	2,677
2017	2,677
Future Amortization Expense, after Year Five	15,351
AAP [Member]
Goodwill	181,541	58,095	58,095	58,095
Goodwill, Acquired During Period	123,446	0
AI [Member]
Goodwill	18,294	18,294	18,294	18,294
Goodwill, Acquired During Period	0	0
Total intangible assets excluding goodwill [Member]
Payments to Acquire Intangible Assets	$ 31,245	$ 0

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Fair Value Table (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended		12 Months Ended
	Oct. 05, 2013	Oct. 06, 2012	Dec. 29, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	$ 4,726	$ 4,755
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Acquisition Related Costs	0	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Acquisition Related Costs	0	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Acquisition Related Costs	$ 12,939	$ 23,021	$ 16,999

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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Oct. 05, 2013	Dec. 29, 2012	Oct. 06, 2012
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 1,231,119	$ 1,102,147	$ 1,075,753
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001	$ 0.0001
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001	$ 0.0001

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Long-term Debt

9 Months Ended

Oct. 05, 2013

Long-term Debt, Unclassified [Abstract]

Long-term Debt

Long-term Debt:

Long-term debt consists of the following:

	October 5, 2013			December 29, 2012			October 6, 2012
Revolving facility at variable interest rates (1.67%, 1.74% and 1.77% at October 5, 2013, December 29, 2012 and October 6, 2012, respectively) due May 27, 2016	$	—		$	—		$	—
5.75% Senior Unsecured Notes (net of unamortized discount of $891, $975 and $999 at October 5, 2013, December 29, 2012 and October 6, 2012, respectively) due May 1, 2020	299,109			299,025			299,001
4.50% Senior Unsecured Notes (net of unamortized discount of $82, $88 and $90 at October 5, 2013, December 29, 2012 and October 6, 2012, respectively) due January 15, 2022	299,918			299,912			299,910
Other	6,030			6,151			1,338
	605,057			605,088			600,249
Less: Current portion of long-term debt	(1,030		)	(627		)	(699		)
Long-term debt, excluding current portion	$	604,027		$	604,461		$	599,550

Bank Debt

The Company has a $750,000 unsecured five-year revolving credit facility (the "Facility") with Stores serving as the borrower. The Facility also provides for the issuance of letters of credit with a sub-limit of $300,000, and swingline loans in an amount not to exceed $50,000. The Company may request, subject to agreement by one or more lenders, that the total revolving commitment be increased by an amount not exceeding $250,000 (up to a total commitment of $1,000,000) during the term of the credit agreement. Voluntary prepayments and voluntary reductions of the revolving balance are permitted in whole or in part, at the Company’s option, in minimum principal amounts as specified in the revolving credit facility. The Facility matures on May 27, 2016.

As of October 5, 2013, the Company had no borrowings outstanding under the Facility, and had letters of credit outstanding of $87,660, which reduced the availability under the Facility to $662,340. The letters of credit generally have a term of one year or less and primarily serve as collateral for the Company's self-insurance policies.

The interest rate on borrowings under the Facility is based, at the Company’s option, on an adjusted LIBOR rate, plus a margin, or an alternate base rate, plus a margin. The current margin is 1.5% per annum for each of the adjusted LIBOR and alternate base rate borrowings. A facility fee is charged on the total amount of the Facility, payable in arrears. The current facility fee rate is 0.25% per annum. Under the terms of the Facility, the interest rate and facility fee are based on the Company’s credit rating.

The Facility contains covenants restricting the Company's ability to, among other things:  (1) permit the subsidiaries of Advance Stores to create, incur or assume additional debt; (2) incur liens or engage in sale-leaseback transactions; (3) make loans and investments (including acquisitions); (4) guarantee obligations; (5) engage in certain mergers and liquidations; (6) change the nature of the Company’s business and the business conducted by its subsidiaries; (7) enter into certain hedging transactions; and (8) change Advance’s status as a holding company. The Company is also required to comply with financial covenants with respect to a maximum leverage ratio and a minimum consolidated coverage ratio. The Company was in compliance with its covenants at October 5, 2013 and December 29, 2012, respectively. The Facility also provides for customary events of default, covenant defaults and cross-defaults to the Company's other material indebtedness.

Senior Unsecured Notes

The Company’s 5.75% senior unsecured notes were issued in April 2010 at 99.587% of the principal amount of $300,000 and are due May 1, 2020 (the "2020 Notes"). The 2020 Notes bear interest at a rate of 5.75% per year payable semi-annually in arrears on May 1 and November 1 of each year. The Company’s 4.50% senior unsecured notes were issued in January 2012 at 99.968% of the principal amount of $300,000 and are due January 15, 2022 (the "2022 Notes" or collectively with 2020 Notes, "the Notes"). The 2022 Notes bear interest at a rate of 4.50% per year payable semi-annually in arrears on January 15 and July 15 of each year. Advance served as the issuer of the Notes with certain of Advance’s domestic subsidiaries currently serving as subsidiary guarantors. The terms of the Notes are governed by an indenture and supplemental indentures (collectively the “Indenture”) among the Company, the subsidiary guarantors and Wells Fargo Bank, National Association, as Trustee.

The Company may redeem some or all of the Notes at any time or from time to time, at the redemption price described in the Indenture. In addition, in the event of a Change of Control Triggering Event (as defined in the Indenture for each of the Notes), the Company will be required to offer to repurchase the Notes at a price equal to 101% of the principal amount thereof, plus accrued and unpaid interest to the repurchase date. The Notes are currently fully and unconditionally guaranteed, jointly and severally, on an unsubordinated and unsecured basis by each of the subsidiary guarantors. The Company will be permitted to release guarantees without the consent of holders of the Notes under the circumstances described in the Indenture: (i) upon the release of the guarantee of the Company's other debt that resulted in the affected subsidiary becoming a guarantor of this debt; (ii) upon the sale or other disposition of all or substantially all of the stock or assets of the subsidiary guarantor; or (iii) upon the Company's exercise of its legal or covenant defeasance option.

The Indenture contains customary provisions for events of default including for (i) failure to pay principal or interest when due and payable, (ii) failure to comply with covenants or agreements in the Indenture or the Notes and failure to cure or obtain a waiver of such default upon notice, (iii) a default under any debt for money borrowed by the Company or any of its subsidiaries that results in acceleration of the maturity of such debt, or failure to pay any such debt within any applicable grace period after final stated maturity, in an aggregate amount greater than $25,000 without such debt having been discharged or acceleration having been rescinded or annulled within 10 days after receipt by the Company of notice of the default by the Trustee or holders of not less than 25% in aggregate principal amount of the Notes then outstanding, and (iv) events of bankruptcy, insolvency or reorganization affecting the Company and certain of its subsidiaries. In the case of an event of default, the principal amount of the Notes plus accrued and unpaid interest may be accelerated. The Indenture also contains covenants limiting the ability of the Company and its subsidiaries to incur debt secured by liens and to enter into sale and lease-back transactions.

Debt Guarantees

Certain 100% wholly-owned domestic subsidiaries of Stores, including its Material Subsidiaries (as defined in the Facility) serve as guarantors of the Notes and Facility with Advance also serving as a guarantor of the Facility. The subsidiary guarantees related to the Company’s Notes and Facility are full and unconditional and joint and several, and there are no restrictions on the ability of Advance to obtain funds from its subsidiaries. Also, Advance has no independent assets or operations, and the subsidiaries not guaranteeing the Notes and Facility are minor as defined by SEC regulations.

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Oct. 05, 2013	Oct. 06, 2012	Oct. 05, 2013	Oct. 06, 2012
Net income	$ 103,830	$ 89,503	$ 342,491	$ 322,615
Changes in net unrecognized other postretirement benefit costs, net of tax	(141)	(113)	(386)	(375)
Defined Benefit Plan, Plan Amendments	0	0	2,327	0
Unrealized gain on hedge arrangement, net of tax	0	0	0	254
Other comprehensive income (loss)	(141)	(113)	1,941	(121)
Comprehensive income	103,689	89,390	344,432	322,494
Accumulated Other Comprehensive Income (Loss) [Member]
Other comprehensive income (loss)			$ 1,941	$ (121)

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CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Oct. 05, 2013	Dec. 29, 2012	Oct. 06, 2012
Current assets:
Cash and cash equivalents	$ 567,301	$ 598,111	$ 479,383
Receivables, net	278,977	229,866	204,555
Inventories, net	2,463,978	2,308,609	2,193,369
Other current assets	68,435	47,614	70,582
Total current assets	3,378,691	3,184,200	2,947,889
Property and equipment, net of accumulated depreciation	1,278,655	1,291,759	1,270,432
Assets held for sale	2,064	788	788
Goodwill	199,835	76,389	76,389
Intangible assets, net	53,963	28,845	28,649
Other assets, net	31,491	31,833	33,059
Assets, Total	4,944,699	4,613,814	4,357,206
Current liabilities:
Current portion of long-term debt	1,030	627	699
Accounts payable	2,057,615	2,029,814	1,825,162
Accrued expenses	429,171	379,639	413,950
Other Liabilities, Current	148,528	149,558	141,043
Total current liabilities	2,636,344	2,559,638	2,380,854
Long-term debt	604,027	604,461	599,550
Other Liabilities, Noncurrent	236,480	239,021	229,324
Commitments and Contingencies
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock, nonvoting, $0.0001 par value	0	0	0
Common stock, voting, $0.0001 par value	7	7	7
Additional paid-in capital	524,741	520,215	515,730
Treasury stock, at cost	(105,732)	(27,095)	(25,193)
Accumulated other comprehensive income (loss)	4,608	2,667	2,683
Retained earnings	1,044,224	714,900	654,251
Total stockholders' equity	1,467,848	1,210,694	1,147,478
Liabilities and Stockholders' Equity, Total	$ 4,944,699	$ 4,613,814	$ 4,357,206

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Segment and Related Information (Tables)

9 Months Ended

Oct. 05, 2013

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following table summarizes financial information for each of the Company's business segments for the twelve and forty weeks ended October 5, 2013 and October 6, 2012, respectively.

	Twelve Week Periods Ended						Forty Week Periods Ended
	October 5, 2013			October 6, 2012			October 5, 2013			October 6, 2012
Net sales
AAP	$	1,441,695		$	1,386,791		$	4,830,293		$	4,646,688
AI	81,694			74,538			266,356			241,146
Eliminations (1)	(3,245		)	(3,802		)	(11,648		)	(12,032		)
Total net sales	$	1,520,144		$	1,457,527		$	5,085,001		$	4,875,802
Income before provision for income taxes
AAP	$	156,814		$	140,141		$	530,493		$	508,137
AI	6,328			2,483			14,038			10,892
Total income before provision for income taxes	$	163,142		$	142,624		$	544,531		$	519,029
Provision for income taxes
AAP	$	56,882		$	52,155		$	196,748		$	192,069
AI	2,430			966			5,292			4,345
Total provision for income taxes	$	59,312		$	53,121		$	202,040		$	196,414

	October 5, 2013		December 29, 2012		October 6, 2012
Segment assets
AAP	$	4,659,837	$	4,352,686	$	4,090,931
AI	284,862		261,128		266,275
Total segment assets	$	4,944,699	$	4,613,814	$	4,357,206

⁽¹⁾  For the twelve weeks ended October 5, 2013, eliminations represented net sales of $2,128 from AAP to AI and $1,117 from AI to AAP. For the twelve weeks ended October 6, 2012, eliminations represented net sales of $2,504 from AAP to AI and $1,298 from AI to AAP. For the forty weeks ended October 5, 2013, eliminations represented net sales of $8,137 from AAP to AI and $3,511 from AI to AAP. For the forty weeks ended October 6, 2012, eliminations represented net sales of $7,695 from AAP to AI and $4,337 from AI to AAP.

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Goodwill and Intangible Assets (Tables)

9 Months Ended

Oct. 05, 2013

Goodwill [Line Items]

Schedule of Goodwill [Table Text Block]

The following table reflects the carrying amount of goodwill pertaining to the Company's two segments and the changes in goodwill carrying amounts. 

	AAP Segment		AI Segment		Total
Balance at December 29, 2012	$	58,095	$	18,294	$	76,389
Fiscal 2013 activity	123,446		—		123,446
Balance at October 5, 2013	$	181,541	$	18,294	$	199,835
Balance at December 31, 2011	$	58,095	$	18,294	$	76,389
Fiscal 2012 activity	—		—		—
Balance at October 6, 2012	$	58,095	$	18,294	$	76,389

Schedule of Acquired Intangible Assets [Table Text Block]

The gross and net carrying amounts of acquired intangible assets as of October 5, 2013, December 29, 2012 and October 6, 2012 are comprised of the following:

	Acquired intangible assets
	Subject to Amortization									Not Subject to Amortization		Total Intangible Assets (excluding goodwill)
	Customer Relationships			Acquired Technology			Other			Trademark and Tradenames
Gross:
Gross carrying amount at December 29, 2012	$	9,800		$	8,850		$	885		$	20,550	$	40,085
Additions	26,045			—			5,200			—		31,245
Gross carrying amount at October 5, 2013	$	35,845		$	8,850		$	6,085		$	20,550	$	71,330
Gross carrying amount at December 31, 2011	$	9,800		$	7,750		$	885		$	20,550	$	38,985
Additions	—			—			—			—		—
Gross carrying amount at October 6, 2012	$	9,800		$	7,750		$	885		$	20,550	$	38,985
Net:
Net book value at December 29, 2012	$	2,658		$	5,419		$	218		$	20,550	$	28,845
Additions	26,045			—			5,200			—		31,245
2013 amortization	(2,429		)	(2,269		)	(1,429		)	—		(6,127		)
Net carrying amount at October 5, 2013	$	26,274		$	3,150		$	3,989		$	20,550	$	53,963
Net book value at December 31, 2011	$	3,618		$	6,987		$	225		$	20,550	$	31,380
Additions	—			—			—			—		—
2012 amortization	(738		)	(1,987		)	(6		)	—		(2,731		)
Net carrying amount at October 6, 2012	$	2,880		$	5,000		$	219		$	20,550	$	28,649

Schedule of Expected Amortization Expense [Table Text Block]

The table below shows expected amortization expense for the next five years for acquired intangible assets recorded as of October 5, 2013:

Fiscal Year	Amount
Remainder of 2013	$	1,831
2014	7,175
2015	3,702
2016	2,677
2017	2,677
Thereafter	15,351

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Earnings per Share (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Oct. 05, 2013	Oct. 06, 2012	Oct. 05, 2013	Oct. 06, 2012
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income applicable to common shares	$ 103,830	$ 89,503	$ 342,491	$ 322,615
Participating securities' share in earnings	(232)	(203)	(791)	(760)
Net income applicable to common shares	$ 103,598	$ 89,300	$ 341,700	$ 321,855
Basic weighted average common shares	72,747	73,166	72,981	73,052
Dilutive impact of share-based awards	381	826	482	1,055
Diluted weighted average common shares	73,128	73,992	73,463	74,107
Net income applicable to common stockholders	$ 1.42	$ 1.22	$ 4.68	$ 4.41
Net income applicable to common stockholders	$ 1.42	$ 1.21	$ 4.65	$ 4.34
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	54	187	52	213

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Long-term Debt (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Oct. 05, 2013	Dec. 29, 2012	Oct. 06, 2012	Oct. 05, 2013 5.75% senior unsecured notes [Member]	Dec. 29, 2012 5.75% senior unsecured notes [Member]	Oct. 06, 2012 5.75% senior unsecured notes [Member]	Oct. 05, 2013 4.50% senior unsecured notes [Member]	Dec. 29, 2012 4.50% senior unsecured notes [Member]	Oct. 06, 2012 4.50% senior unsecured notes [Member]	Oct. 05, 2013 4.50% senior unsecured notes [Member]	Jan. 11, 2012 4.50% senior unsecured notes [Member]	Oct. 05, 2013 5.75% senior unsecured notes [Member]	Apr. 26, 2010 5.75% senior unsecured notes [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding	$ 0	$ 0	$ 0
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate	1.67%	1.74%	1.77%
Senior Notes, Noncurrent				299,109	299,025	299,001	299,918	299,912	299,910
Debt Instrument, Unamortized Discount				891	975	999	82	88	90
Debt Instrument, Interest Rate, Stated Percentage										4.50%		5.75%
Debt Instrument, Interest Rate, Effective Percentage											99.968%		99.587%
Debt Instrument, Face Amount											300,000		300,000
Other Long-term Debt	6,030	6,151	1,338
Long-term Debt	605,057	605,088	600,249
Long-term Debt, Current Maturities	(1,030)	(627)	(699)
Long-term Debt, Excluding Current Maturities	604,027	604,461	599,550
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum	1.50%
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum	1.50%
Line of Credit Facility, Commitment Fee Percentage	0.25%
Letters of Credit Outstanding, Amount	87,660
Line of Credit Facility, Remaining Borrowing Capacity	662,340
Line of Credit Facility, Maximum Borrowing Capacity	750,000
Line of credit, letter of credit sub-limit	300,000
Line of credit, swingline sub-limit	$ 50,000
Percent of debt instrument principal amount redeemable upon change in control	101.00%

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Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Oct. 05, 2013	Oct. 06, 2012	Dec. 29, 2012
Contingent payment accrued on acquisition	$ (4,726)	$ (4,755)
Long-term Debt, Excluding Current Maturities	604,027	599,550	604,461
Long-term Debt, Fair Value	$ 626,000	$ 675,000	$ 655,000

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Receivables, net

9 Months Ended

Oct. 05, 2013

Receivables [Abstract]

Receivables, net

Receivables, net:

Receivables consist of the following:

	October 5, 2013			December 29, 2012			October 6, 2012
Trade	$	149,670		$	110,153		$	90,571
Vendor	134,471			119,770			113,340
Other	6,821			5,862			5,970
Total receivables	290,962			235,785			209,881
Less: Allowance for doubtful accounts	(11,985		)	(5,919		)	(5,326		)
Receivables, net	$	278,977		$	229,866		$	204,555

During Fiscal 2012, the Company began the in-sourcing of its commercial credit function. This initiative consists of the transition from using a third party financial institution to settle credit transactions with the Company's Commercial customers to processing those transactions internally, thus increasing the trade receivable balance when compared to the same period in the prior year.

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Inventories, net (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Oct. 05, 2013	Oct. 06, 2012	Dec. 29, 2012
Percentage of LIFO Inventory	95.00%	95.00%	95.00%
Inventory, LIFO Reserve, Effect on Income, Net	$ (476)	$ 20,684
Inventories at FIFO, net	2,338,264	2,070,582	2,182,419
Adjustments to state inventories at LIFO	125,714	122,787	126,190
Inventories at LIFO, net	$ 2,463,978	$ 2,193,369	$ 2,308,609

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Subsequent Event (Details) (GPI [Member], USD $) In Thousands, unless otherwise specified	9 Months Ended
	Oct. 05, 2013
GPI [Member]
Business Acquisition, Cost of Acquired Entity, Purchase Price	$ 2,040,000
Business Combination, Acquisition Related Costs	$ 5,114

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Stock Repurchase Program

9 Months Ended

Oct. 05, 2013

Stock Repurchase Program: [Abstract]

Treasury Stock [Text Block]

Stock Repurchase Program:

The Company’s stock repurchase program allows it to repurchase its common stock on the open market or in privately negotiated transactions from time to time in accordance with the requirements of the SEC. The Company's $500,000 stock repurchase program in place as of October 5, 2013 was authorized by its Board of Directors on May 14, 2012.

During the twelve weeks ended October 5, 2013, the Company repurchased 35 shares of its common stock at an aggregate cost of $2,782, or an average price of $79.94 per share under its stock repurchase program. During the forty weeks ended October 5, 2013, the Company repurchased 998 shares of its common stock at an aggregate cost of $77,293, or an average price of $77.47 per share under its stock repurchase program. The Company had $415,092 remaining under its stock repurchase program as of October 5, 2013. The Company repurchased 1 share of its common stock at an aggregate cost of $68, or an average price of $81.85 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock during the twelve weeks ended October 5, 2013. The Company repurchased 17 shares of its common stock at an aggregate cost of $1,344, or an average price of $77.80 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock during the forty weeks ended October 5, 2013.

During the twelve weeks ended October 6, 2012, the Company repurchased no shares of its common stock under its stock repurchase program. During the forty weeks ended October 6, 2012, the Company repurchased 257 shares of its common stock at an aggregate cost of $19,589, or an average price of $76.18 per share under its $500,000 stock repurchase program authorized by its Board of Directors on May 14, 2012. The Company repurchased 2 shares of its common stock at an aggregate cost of $151, or an average price of $72.85 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock during the twelve weeks ended October 6, 2012. The Company repurchased 66 shares of its common stock at an aggregate cost of $5,604, or an average price of $84.61 per share, in connection with the net settlement of shares issued as a result of the vesting of restricted stock during the forty weeks ended October 6, 2012. Also during the forty weeks ended October 6, 2012, the Company retired 33,738 shares of treasury stock.

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Goodwill and Intangible Assets

9 Months Ended

Oct. 05, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets:

Goodwill

The Company has goodwill recorded in both the Advance Auto Parts ("AAP") and Autopart International ("AI") segments. The following table reflects the carrying amount of goodwill pertaining to the Company's two segments and the changes in goodwill carrying amounts. 

	AAP Segment		AI Segment		Total
Balance at December 29, 2012	$	58,095	$	18,294	$	76,389
Fiscal 2013 activity	123,446		—		123,446
Balance at October 5, 2013	$	181,541	$	18,294	$	199,835
Balance at December 31, 2011	$	58,095	$	18,294	$	76,389
Fiscal 2012 activity	—		—		—
Balance at October 6, 2012	$	58,095	$	18,294	$	76,389

As discussed in Note 3, on December 31, 2012, the Company acquired BWP in an all-cash transaction which resulted in the addition of $123,446 of goodwill in the AAP Segment.

Intangible Assets Other Than Goodwill

In addition to goodwill, the Company also recorded an increase to intangible assets of $31,245 during the forty weeks ended October 5, 2013. The increase included Customer Relationships of $26,045 which will be amortized over 12 years and other intangible assets totaling $5,200 which will be amortized over a weighted average of 3.4 years. The gross and net carrying amounts of acquired intangible assets as of October 5, 2013, December 29, 2012 and October 6, 2012 are comprised of the following:

	Acquired intangible assets
	Subject to Amortization									Not Subject to Amortization		Total Intangible Assets (excluding goodwill)
	Customer Relationships			Acquired Technology			Other			Trademark and Tradenames
Gross:
Gross carrying amount at December 29, 2012	$	9,800		$	8,850		$	885		$	20,550	$	40,085
Additions	26,045			—			5,200			—		31,245
Gross carrying amount at October 5, 2013	$	35,845		$	8,850		$	6,085		$	20,550	$	71,330
Gross carrying amount at December 31, 2011	$	9,800		$	7,750		$	885		$	20,550	$	38,985
Additions	—			—			—			—		—
Gross carrying amount at October 6, 2012	$	9,800		$	7,750		$	885		$	20,550	$	38,985
Net:
Net book value at December 29, 2012	$	2,658		$	5,419		$	218		$	20,550	$	28,845
Additions	26,045			—			5,200			—		31,245
2013 amortization	(2,429		)	(2,269		)	(1,429		)	—		(6,127		)
Net carrying amount at October 5, 2013	$	26,274		$	3,150		$	3,989		$	20,550	$	53,963
Net book value at December 31, 2011	$	3,618		$	6,987		$	225		$	20,550	$	31,380
Additions	—			—			—			—		—
2012 amortization	(738		)	(1,987		)	(6		)	—		(2,731		)
Net carrying amount at October 6, 2012	$	2,880		$	5,000		$	219		$	20,550	$	28,649

Future Amortization Expense

The table below shows expected amortization expense for the next five years for acquired intangible assets recorded as of October 5, 2013:

Fiscal Year	Amount
Remainder of 2013	$	1,831
2014	7,175
2015	3,702
2016	2,677
2017	2,677
Thereafter	15,351

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $) In Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Treasury Stock, at cost [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]
Balance at Dec. 31, 2011	$ 847,914	$ 0	$ 11	$ 500,237	$ (1,644,767)	$ 2,804	$ 1,989,629
Balance (in shares) at Dec. 31, 2011		0	106,537		33,738
Net income	322,615						322,615
Other Comprehensive Income (Loss), Net of Tax	(121)					(121)
Issuance of shares upon the execise of stock options	5,328			5,328
Issuance of shares upon the execise of stock options (in shares)			860
Tax withholdings related to the exercise of stock appreciation rights	(25,627)			(25,627)
Tax benefit from share-based compensation	21,806			21,806
Issuance of restricted stock, net of forfeitures	0
Issuance of restricted stock, net of forfeitures (in shares)			4
Amortization of restricted stock balance	4,965			4,965
Share-based compensation	7,167			7,167
Stock issued under employee stock purchase plan	1,819			1,819
Stock issued under employee stock purchase plan (in shares)			26
Treasury stock purchased	(25,193)				(25,193)
Treasury stock purchased (in shares)					323
Treasury stock retired, amount	0		(4)		1,644,767		(1,644,763)
Treasury stock retired			(33,738)		(33,738)
Cash dividends	(13,230)						(13,230)
Other	35			35
Balance at Oct. 06, 2012	1,147,478	0	7	515,730	(25,193)	2,683	654,251
Balance (in shares) at Oct. 06, 2012		0	73,689		323
Balance at Dec. 29, 2012	1,210,694	0	7	520,215	(27,095)	2,667	714,900
Balance (in shares) at Dec. 29, 2012		0	73,731		348
Net income	342,491						342,491
Other Comprehensive Income (Loss), Net of Tax	1,941					1,941
Issuance of shares upon the execise of stock options	1,903			1,903
Issuance of shares upon the execise of stock options (in shares)			438
Tax withholdings related to the exercise of stock appreciation rights	(20,572)			(20,572)
Tax benefit from share-based compensation	14,979			14,979
Issuance of restricted stock, net of forfeitures	0
Issuance of restricted stock, net of forfeitures (in shares)			(10)
Amortization of restricted stock balance	3,009			3,009
Share-based compensation	3,501			3,501
Stock issued under employee stock purchase plan	1,679			1,679
Stock issued under employee stock purchase plan (in shares)			23
Treasury stock purchased	(78,637)				(78,637)
Treasury stock purchased (in shares)					1,015
Cash dividends	(13,167)						(13,167)
Other	27			27
Balance at Oct. 05, 2013	$ 1,467,848	$ 0	$ 7	$ 524,741	$ (105,732)	$ 4,608	$ 1,044,224
Balance (in shares) at Oct. 05, 2013		0	74,182		1,363

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Goodwill and Intangible Asset Rollforward (Details) (USD $) In Thousands, unless otherwise specified				9 Months Ended
	Oct. 05, 2013	Dec. 29, 2012	Oct. 06, 2012	Oct. 05, 2013 Customer Relationships [Member]	Oct. 06, 2012 Customer Relationships [Member]	Oct. 05, 2013 Computer Software, Intangible Asset [Member]	Oct. 06, 2012 Computer Software, Intangible Asset [Member]	Oct. 05, 2013 Other Intangible Assets [Member]	Oct. 06, 2012 Other Intangible Assets [Member]	Oct. 05, 2013 Trademarks [Member]	Oct. 06, 2012 Trademarks [Member]	Oct. 05, 2013 Total intangible assets excluding goodwill [Member]	Oct. 06, 2012 Total intangible assets excluding goodwill [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible Assets, gross (excluding goodwill) Period Start												$ 40,085	$ 38,985
Intangible Assets, Net (Excluding Goodwill) Period Start	53,963	28,845	28,649									28,845	31,380
Indefinite-Lived Trademarks Period Start										20,550	20,550
Finite-Lived Intangible Assets, Gross Period Start				9,800	9,800	8,850	7,750	885	885
Finite-Lived Intangible Assets, Net Period Start				2,658	3,618	5,419	6,987	218	225
Payments to Acquire Intangible Assets				26,045	0	0	0	5,200	0	0	0	31,245	0
Finite-Lived Intangible Assets, Amortization Expense				(2,429)	(738)	(2,269)	(1,987)	(1,429)	(6)	0	0	(6,127)	(2,731)
Intangible Assets, gross (excluding goodwill) Period End												71,330	38,985
Intangible Assets, Net (Excluding Goodwill) End of Period	53,963	28,845	28,649									53,963	28,649
Indefinite-Lived Trademarks End of Period										20,550	20,550
Finite-Lived Intangible Assets, Gross End of Period				35,845	9,800	8,850	7,750	6,085	885
Finite-Lived Intangible Assets, Net End of Period				$ 26,274	$ 2,880	$ 3,150	$ 5,000	$ 3,989	$ 219

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Segment and Related Information

9 Months Ended

Oct. 05, 2013

Segment Reporting Information [Line Items]

Segment Reporting Disclosure [Text Block]

Segment and Related Information:

The Company has the following two reportable segments: AAP and AI. The AAP segment is comprised of 3,796 stores, as of October 5, 2013, which operate primarily in the United States, Puerto Rico and the Virgin Islands under the trade names “Advance Auto Parts” and “Advance Discount Auto Parts.” These stores offer a broad selection of brand name and proprietary automotive replacement parts, accessories and maintenance items for domestic and imported cars and light trucks. The Company aggregates the financial results of AAP's geographic areas, which are individually considered operating segments, due to the economic similarities of those areas.

Included in the Company's geographic areas are sales generated from its e-commerce platforms. The Company's e-commerce platforms primarily consist of its online website and Commercial ordering platforms as part of its integrated operating approach of serving its do-it-yourself ("DIY") and Commercial customers. The Company's online website allows its DIY customers to pick up merchandise at a conveniently located store location or have their purchases shipped directly to them. The majority of the Company's online sales are picked up at store locations. Through the Company's online ordering platform, Commercial customers can conveniently place orders with a designated store location for delivery to their place of business.

The AI segment consists solely of the operations of Autopart International and operates stores under the “Autopart International” trade name. AI mainly serves the Commercial market from its 222 stores, as of October 5, 2013, primarily located in the Northeastern, Mid-Atlantic and Southeastern regions of the United States.

The Company evaluates each segment’s financial performance based on net sales and operating profit for purposes of allocating resources and assessing performance. The accounting policies of the reportable segments are generally the same as those described in the Annual Report on Form 10-K for the year ended December 29, 2012.

The following table summarizes financial information for each of the Company's business segments for the twelve and forty weeks ended October 5, 2013 and October 6, 2012, respectively.

	Twelve Week Periods Ended						Forty Week Periods Ended
	October 5, 2013			October 6, 2012			October 5, 2013			October 6, 2012
Net sales
AAP	$	1,441,695		$	1,386,791		$	4,830,293		$	4,646,688
AI	81,694			74,538			266,356			241,146
Eliminations (1)	(3,245		)	(3,802		)	(11,648		)	(12,032		)
Total net sales	$	1,520,144		$	1,457,527		$	5,085,001		$	4,875,802
Income before provision for income taxes
AAP	$	156,814		$	140,141		$	530,493		$	508,137
AI	6,328			2,483			14,038			10,892
Total income before provision for income taxes	$	163,142		$	142,624		$	544,531		$	519,029
Provision for income taxes
AAP	$	56,882		$	52,155		$	196,748		$	192,069
AI	2,430			966			5,292			4,345
Total provision for income taxes	$	59,312		$	53,121		$	202,040		$	196,414

	October 5, 2013		December 29, 2012		October 6, 2012
Segment assets
AAP	$	4,659,837	$	4,352,686	$	4,090,931
AI	284,862		261,128		266,275
Total segment assets	$	4,944,699	$	4,613,814	$	4,357,206

⁽¹⁾  For the twelve weeks ended October 5, 2013, eliminations represented net sales of $2,128 from AAP to AI and $1,117 from AI to AAP. For the twelve weeks ended October 6, 2012, eliminations represented net sales of $2,504 from AAP to AI and $1,298 from AI to AAP. For the forty weeks ended October 5, 2013, eliminations represented net sales of $8,137 from AAP to AI and $3,511 from AI to AAP. For the forty weeks ended October 6, 2012, eliminations represented net sales of $7,695 from AAP to AI and $4,337 from AI to AAP.

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Fair Value Measurements

9 Months Ended

Oct. 05, 2013

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Disclosures [Text Block]

Fair Value Measurements:

The Company’s financial assets and liabilities measured at fair value are grouped in three levels. The levels prioritize the inputs used to measure the fair value of these assets or liabilities. These levels are:

• Level 1 – Unadjusted quoted prices that are available in active markets for identical assets or liabilities at the measurement date.

• Level 2 – Inputs other than quoted prices that are observable for assets and liabilities at the measurement date, either directly or indirectly. These inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are less active, and inputs other than quoted prices that are observable for the asset or liability or corroborated by other observable market data.

• Level 3 – Unobservable inputs for assets or liabilities that are not able to be corroborated by observable market data and reflect the use of a reporting entity’s own assumptions. These values are generally determined using pricing models for which the assumptions utilize management’s estimates of market participant assumptions.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The fair value hierarchy requires the use of observable market data when available. In instances where inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.

The following table sets forth the Company’s financial liabilities that were measured at fair value on a recurring basis as of October 5, 2013, December 29, 2012 and October 6, 2012:

			Fair Value Measurements at Reporting Date Using
			Level 1		Level 2		Level 3
	Fair Value		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
As of October 5, 2013
Contingent consideration related to business acquisitions	$	12,939	$	—	$	—	$	12,939
As of December 29, 2012
Contingent consideration related to business acquisitions	16,999		—		—		16,999
As of October 6, 2012
Contingent consideration related to business acquisitions	$	23,021	$	—	$	—	$	23,021

The fair value of the contingent consideration, which is recorded in Accrued expenses and Other long-term liabilities, is based on various estimates including the Company's estimate of the probability of achieving the targets and the time value of money. During the forty weeks ended October 5, 2013, contingent consideration decreased primarily due to a payment of $4,726 resulting from the achievement of performance conditions, partially offset by amortization of the net present value discount.

The carrying amount of the Company’s cash and cash equivalents, accounts receivable, bank overdrafts, accounts payable, accrued expenses and current portion of long term debt approximate their fair values due to the relatively short term nature of these instruments. The fair value of the Company’s senior unsecured notes was determined using Level 2 inputs based on quoted market prices, and the Company believes that the carrying value of its other long-term debt and certain long-term liabilities approximate fair value.

The carrying value and fair value of the Company's long-term debt as of October 5, 2013, December 29, 2012 and October 6, 2012, respectively, are as follows:

	October 5, 2013		December 29, 2012		October 6, 2012
Carrying Value	$	604,027	$	604,461	$	599,550
Fair Value	$	626,000	$	655,000	$	675,000

Non-Financial Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

Certain assets and liabilities are measured at fair value on a nonrecurring basis; that is, the assets and liabilities are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (e.g., when there is evidence of impairment). At October 5, 2013, the Company had no significant non-financial assets or liabilities that had been adjusted to fair value subsequent to initial recognition.

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BWP Distributors Acquisition (Tables)

9 Months Ended

Oct. 05, 2013

BWP Distriburs Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the consideration paid for BWP and the amounts of the assets acquired and liabilities assumed that were recognized at the acquisition date:

Total Consideration	$	187,109
Recognized amounts of identifiable assets
acquired and liabilities assumed
Cash and cash equivalents	$	972
Receivables	22,615
Inventory	52,229
Other current assets	9,741
Property, plant and equipment	5,329
Intangible assets	31,600
Other assets	2,253
Accounts payable	(37,303		)
Accrued and other current liabilities	(11,843		)
Long-term liabilities	(11,930		)
Total identifiable net assets	63,663
Goodwill	123,446
Total acquired net assets	$	187,109

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Subsequent Event

9 Months Ended

Oct. 05, 2013

Subsequent Events [Text Block]

Subsequent Event:

On October 15, 2013, the Company entered into a definitive agreement to acquire General Parts International, Inc. ("GPI"), a leading privately held distributor and supplier of original equipment and aftermarket replacement products for commercial markets operating under the CARQUEST and WORLDPAC brands. The acquisition of GPI will allow the Company to expand its geographic presence and commercial capabilities to better serve customers. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close by late 2013 or early 2014.

Under the terms of the merger agreement, the Company intends to acquire GPI in an all-cash transaction with an enterprise value of $2.04 billion. The Company expects to secure additional financing in the form of bank debt and senior unsecured notes during its fourth quarter to be used along with cash on-hand to fund the acquisition of GPI.

The Company recognized $5,114 of acquisition related costs during its twelve weeks ended October 5, 2013, which are included in the Company's selling, general and administrative expenses in the accompanying condensed consolidated statement of operations.

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Document and Entity Information Document Document (USD $)	9 Months Ended
	Oct. 05, 2013	Nov. 07, 2013	Jul. 13, 2012
Entity Registrant Name	Advance Auto Parts Inc
Entity Central Index Key	0001158449
Current Fiscal Year End Date	--12-28
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Oct. 05, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		72,832,095
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Public Float			$ 5,217,268,445

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Inventories, net (Tables)

9 Months Ended

Oct. 05, 2013

Inventory, Net [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventory balances at October 5, 2013, December 29, 2012 and October 6, 2012 were as follows:

	October 5, 2013		December 29, 2012		October 6, 2012
Inventories at FIFO, net	$	2,338,264	$	2,182,419	$	2,070,582
Adjustments to state inventories at LIFO	125,714		126,190		122,787
Inventories at LIFO, net	$	2,463,978	$	2,308,609	$	2,193,369