New Rite Aid (RADCQ) 10-Q3 Jul 142015 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	31-May-14	Jun. 25, 2014
Document and Entity Information	'	'
Entity Registrant Name	'RITE AID CORP	'
Entity Central Index Key	'0000084129	'
Document Type	'10-Q	'
Document Period End Date	31-May-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--02-28	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	979,895,316
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	31-May-14	Mar. 01, 2014
In Thousands, unless otherwise specified	31-May-14	Mar. 01, 2014
Current assets:	'	'
Cash and cash equivalents	$166,003	$146,406
Accounts receivable, net	910,624	949,062
Inventories, net of LIFO reserve of $1,020,126 and $1,018,581	2,933,316	2,993,948
Prepaid expenses and other current assets	188,593	195,709
Total current assets	4,198,536	4,285,125
Property, plant and equipment, net	1,974,204	1,957,329
Goodwill	83,971	'
Other intangibles, net	420,507	431,227
Other assets	269,299	271,190
Total assets	6,946,517	6,944,871
Current liabilities:	'	'
Current maturities of long-term debt and lease financing obligations	112,818	49,174
Accounts payable	1,364,271	1,292,419
Accrued salaries, wages and other current liabilities	1,078,442	1,165,859
Total current liabilities	2,555,531	2,507,452
Long-term debt, less current maturities	5,519,580	5,632,798
Lease financing obligations, less current maturities	71,988	75,171
Other noncurrent liabilities	845,772	843,152
Total liabilities	8,992,871	9,058,573
Commitments and contingencies	'	'
Stockholders' deficit:	'	'
Common stock, par value $1 per share; 1,500,000 authorized; shares issued and outstanding 978,038 and 971,331	978,038	971,331
Additional paid-in capital	4,486,685	4,468,149
Accumulated deficit	-7,474,402	-7,515,848
Accumulated other comprehensive loss	-36,675	-37,334
Total stockholders' deficit	-2,046,354	-2,113,702
Total liabilities and stockholders' deficit	$6,946,517	$6,944,871

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	31-May-14	Mar. 01, 2014
In Thousands, except Per Share data, unless otherwise specified	31-May-14	Mar. 01, 2014
Inventories, LIFO reserve (in dollars)	$1,020,126	$1,018,581
Common stock, par value (in dollars per share)	$1	$1
Common stock, shares authorized	1,500,000	1,500,000
Common stock, shares issued	978,038	971,331
Common stock, shares outstanding	978,038	971,331

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	31-May-14	Jun. 01, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS	'	'
Revenues	$6,465,531	$6,293,057
Costs and expenses:	'	'
Cost of goods sold	4,662,552	4,472,066
Selling, general and administrative expenses	1,644,354	1,609,261
Lease termination and impairment charges	4,848	10,972
Interest expense	100,820	113,064
Gain on sale of assets, net	-370	-5,180
Total costs and expenses	6,412,204	6,200,183
Income before income taxes	53,327	92,874
Income tax expense	11,881	3,212
Net income	41,446	89,662
Computation of income attributable to common stockholders:	'	'
Net income	41,446	89,662
Accretion of redeemable preferred stock	'	-25
Cumulative preferred stock dividends	'	-2,732
Income attributable to common stockholders-basic	41,446	86,905
Add back-interest on convertible notes	'	1,364
Add back-cumulative preferred stock dividends	'	2,732
Income attributable to common stockholders-diluted	$41,446	$91,001
Basic income per share (in dollars per share)	$0.04	$0.10
Diluted income per share (in dollars per share)	$0.04	$0.09

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'
Net income	$41,446	$89,662
Defined benefit pension plans:	'	'
Amortization of prior service cost, net transition obligation and net actuarial losses included in net periodic pension cost	659	1,263
Total other comprehensive income	659	1,263
Comprehensive income	$42,105	$90,925

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013
Operating activities:	'	'
Net income	$41,446	$89,662
Adjustments to reconcile to net cash provided by operating activities:	'	'
Depreciation and amortization	103,105	101,246
Lease termination and impairment charges	4,848	10,972
LIFO charges	1,545	12,000
Gain on sale of assets, net	-370	-5,180
Stock-based compensation expense	4,156	4,240
Excess tax benefit on stock options and restricted stock	-10,522	'
Changes in operating assets and liabilities:	'	'
Accounts receivable	41,347	47,797
Inventories	59,375	6,935
Accounts payable	86,324	-15,547
Other assets and liabilities, net	-91,506	-67,678
Net cash provided by operating activities	239,748	184,447
Investing activities:	'	'
Payments for property, plant and equipment	-94,342	-80,906
Intangible assets acquired	-19,586	-11,786
Acquisition of Health Dialog and RediClinic, net of cash acquired	-65,306	'
Proceeds from sale-leaseback transactions	'	3,989
Proceeds from dispositions of assets and investments	1,873	6,610
Net cash used in investing activities	-177,361	-82,093
Financing activities:	'	'
Proceeds from issuance of long-term debt	1,152,293	'
Net repayments to revolver	-49,000	-123,000
Principal payments on long-term debt	-1,157,443	-4,378
Change in zero balance cash accounts	-8,578	-867
Net proceeds from issuance of common stock	10,904	6,744
Excess tax benefit on stock options and restricted stock	10,522	'
Deferred financing costs paid	-1,488	-1,403
Net cash used in financing activities	-42,790	-122,904
Increase (decrease) in cash and cash equivalents	19,597	-20,550
Cash and cash equivalents, beginning of period	146,406	129,452
Cash and cash equivalents, end of period	166,003	108,902
Supplementary cash flow data:	'	'
Cash paid for interest (net of capitalized amounts of $49 and $58, respectively)	90,584	88,908
Cash payments of income taxes, net of refunds	795	-1,173
Equipment financed under capital leases	1,683	5,373
Preferred stock dividends paid in additional shares	'	2,732
Gross borrowings from revolver	825,000	755,000
Gross repayments to revolver	$874,000	$878,000

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS	'	'
Cash paid for interest, capitalized amounts	$49	$58

Basis_of_Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	31-May-14
Basis of Presentation	'
Basis of Presentation	'

	1. Basis of Presentation

	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X and therefore do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete annual financial statements. The accompanying financial information reflects all adjustments which are of a recurring nature and, in the opinion of management, are necessary for a fair presentation of the results for the interim periods. The results of operations for the thirteen week period ended May 31, 2014 are not necessarily indicative of the results to be expected for the full year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Rite Aid Corporation and Subsidiaries (the "Company") Fiscal 2014 10-K.

	New Accounting Pronouncements

	In July 2013, the 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. ASU No. 2013-11 requires an entity to present unrecognized tax benefits as a reduction to deferred tax assets when a net operating loss carryforward, similar tax loss or a tax credit carryforward exists, with limited exceptions. ASU No. 2013-11 is effective for fiscal years beginning on or after December 15, 2013, and for interim periods within those fiscal years. This pronouncement had no effect on the financial statements as the Company has historically presented uncertain tax positions in accordance with ASU No. 2013-11.

	In May 2013, the FASB issued a proposed Accounting Standards Update, Leases (Topic 842): a revision of the 2010 proposed Accounting Standards Update, Leases (Topic 840), that would require an entity to recognize assets and liabilities arising under lease contracts on the balance sheet. The proposed standard, as currently drafted, will have a material impact on the Company's reported results of operations and financial position.

	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. This ASU supersedes the revenue recognition requirements in Accounting Standards Codification 605—Revenue Recognition and most industry-specific guidance throughout the Codification. The standard requires that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This ASU is effective for fiscal years beginning after December 15, 2016, and for interim periods within those fiscal years. The Company is in the process of assessing the impact of the adoption of ASU 2014-09 on its financial position, results of operations and cash flows.

Acquisitions

Acquisitions	3 Months Ended
Acquisitions	31-May-14
Acquisitions	'
Acquisitions	'

	2. Acquisitions

	On April 1, 2014, the Company acquired Boston based Health Dialog Services Corporation, which is engaged in providing health coaching, shared decision making and healthcare analytics from Bupa, a London based international healthcare services group. Health Dialog will operate as a 100 percent owned subsidiary of the Company.

	On April 10, 2014, the Company acquired Houston based RediClinic, which is engaged in the operation of 30 retail clinics in the greater Houston, Austin and San Antonio areas. RediClinic will operate as a 100 percent owned subsidiary of the Company.

	The Company paid a combined amount of $65,306, net of cash acquired of $19,865, related to the acquisitions of Health Dialog and RediClinic (collectively "acquisitions"). The preliminary purchase accounting for the acquisitions resulted in goodwill of $83,971, relating to expected future synergies and operating efficiencies, with the remaining amount allocated to tangible assets, less liabilities assumed. Such amounts are not significant. This allocation is subject to change as the Company finalizes purchase accounting.

	Operating results of the acquisitions have been included in the Condensed Consolidated Statements of Operations from their respective acquisition dates forward in the Company's sole retail drug segment. Pro forma information for the acquisitions is not presented as their results are immaterial to the Company's condensed consolidated financial statements.

Income_Per_Share

Income Per Share	3 Months Ended
Income Per Share	31-May-14
Income Per Share	'
Income Per Share	'

	3. Income Per Share

	Basic income per share is computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the income of the Company subject to anti-dilution limitations.


		Thirteen Week
		Period Ended
		May 31,		June 1,
		2014		2013
	Numerator for income per share:
	Net income	$	41,446	$	89,662
	Accretion of redeemable preferred stock		—		(25	)
	Cumulative preferred stock dividends		—		(2,732	)


	Income attributable to common stockholders—basic	$	41,446	$	86,905
	Add back—interest on convertible notes		—		1,364
	Add back—cumulative preferred stock dividends		—		2,732


	Income attributable to common stockholders—diluted	$	41,446	$	91,001




	Denominator:
	Basic weighted average shares		963,332		893,871
	Outstanding options and restricted shares, net		33,222		38,812
	Convertible notes		—		24,800
	Convertible preferred stock		—		33,605


	Diluted weighted average shares		996,554		991,088




	Basic income per share	$	0.04	$	0.1




	Diluted income per share	$	0.04	$	0.09





	Due to their antidilutive effect, the following potential common shares have been excluded from the computation of diluted income per share as of May 31, 2014 and June 1, 2013:


		Thirteen Week
		Period Ended
		May 31,		June 1,
		2014		2013
	Stock options		—		49,324
	Convertible notes		24,800		—


			24,800		49,324

Lease_Termination_and_Impairme

Lease Termination and Impairment Charges	3 Months Ended
Lease Termination and Impairment Charges	31-May-14
Lease Termination and Impairment Charges	'
Lease Termination and Impairment Charges	'

	4. Lease Termination and Impairment Charges

	Lease termination and impairment charges consist of amounts as follows:


		Thirteen Week
		Period Ended
		May 31,			June 1,
		2014			2013
	Impairment charges	$	151		$	4,601
	Lease termination charges		4,697			6,371


		$	4,848		$	10,972





	Impairment Charges

	These amounts include the write-down of long-lived assets at locations that were assessed for impairment because of management's intention to relocate or close the location or because of changes in circumstances that indicated the carrying value of an asset may not be recoverable.

	Lease Termination Charges

	As part of the Company's ongoing business activities, the Company assesses stores and distribution centers for potential closure or relocation. Decisions to close or relocate stores or distribution centers in future periods would result in lease termination charges, lease exit costs and inventory liquidation charges, as well as impairment of assets at these locations. The following table reflects the closed store and distribution center charges that relate to new closures, changes in assumptions and interest accretion:


		Thirteen Week
		Period Ended
		May 31,			June 1,
		2014			2013
	Balance—beginning of period	$	284,270		$	323,758
	Provision for present value of noncancellable lease payments of closed stores		142			393
	Changes in assumptions about future sublease income, terminations and changes in interest rates		(427	)		520
	Interest accretion		4,982			5,458
	Cash payments, net of sublease income		(18,645	)		(18,118	)


	Balance—end of period	$	270,322		$	312,011

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	31-May-14
Fair Value Measurements	'
Fair Value Measurements	'

	5. Fair Value Measurements

	The Company utilizes the three-level valuation hierarchy for the recognition and disclosure of fair value measurements. The categorization of assets and liabilities within this hierarchy is based upon the lowest level of input that is significant to the measurement of fair value. The three levels of the hierarchy consist of the following:



	•
	Level 1—Inputs to the valuation methodology are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

	•
	Level 2—Inputs to the valuation methodology are quoted prices for similar assets and liabilities in active markets, quoted prices in markets that are not active or inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the instrument.

	•
	Level 3—Inputs to the valuation methodology are unobservable inputs based upon management's best estimate of inputs market participants could use in pricing the asset or liability at the measurement date, including assumptions about risk.

	Non-Financial Assets Measured on a Non-Recurring Basis

	Long-lived non-financial assets are measured at fair value on a nonrecurring basis for purposes of calculating impairment using Level 2 and Level 3 inputs as defined in the fair value hierarchy. The fair value of long-lived assets using Level 2 inputs is determined by evaluating the current economic conditions in the geographic area for similar use assets. The fair value of long-lived assets using Level 3 inputs is determined by estimating the amount and timing of net future cash flows (which are unobservable inputs) and discounting them using a risk-adjusted rate of interest (which is Level 1). The Company estimates future cash flows based on its experience and knowledge of the market in which the store is located. Significant increases or decreases in actual cash flows may result in valuation changes. During the thirteen week period ended May 31, 2014, long-lived assets from continuing operations with a carrying value of $358, primarily store assets, were written down to their fair value of $207, resulting in an impairment charge of $151. During the thirteen week period ended June 1, 2013, long-lived assets from continuing operations with a carrying value of $17,508, primarily store assets, were written down to their fair value of $12,907, resulting in an impairment charge of $4,601. If our actual future cash flows differ from our projections materially, certain stores that are either not impaired or partially impaired in the current period may be further impaired in future periods.

	The following table presents fair values for those assets measured at fair value on a non-recurring basis at May 31, 2014 and June 1, 2013:


	Fair Value Measurement Using
		Level 1		Level 2		Level 3		Total as of
								May 31,
								2014
	Long-lived assets held for use	$	—	$	—	$	207	$	207
	Long-lived assets held for sale	$	—	$	—	$	—	$	—


	Total	$	—	$	—	$	207	$	207








		Level 1		Level 2		Level 3		Total as of
								June 1,
								2013
	Long-lived assets held for use	$	—	$	—	$	592	$	592
	Long-lived assets held for sale	$	—	$	12,315	$	—	$	12,315


	Total	$	—	$	12,315	$	592	$	12,907





	As of May 31, 2014 and June 1, 2013, the Company did not have any financial assets measured on a recurring basis.

	Other Financial Instruments

	Financial instruments other than long-term indebtedness include cash and cash equivalents, accounts receivable and accounts payable. These instruments are recorded at book value, which we believe approximate their fair values due to their short term nature.

	The fair value for LIBOR-based borrowings under the Company's senior secured credit facility and first and second lien term loans are estimated based on the quoted market price of the financial instrument which is considered Level 1 of the fair value hierarchy. The fair values of substantially all of the Company's other long-term indebtedness are estimated based on quoted market prices of the financial instruments which are considered Level 1 of the fair value hierarchy. The carrying amount and estimated fair value of the Company's total long-term indebtedness was $5,600,616 and $6,066,108, respectively, as of May 31, 2014. There were no outstanding derivative financial instruments as of May 31, 2014 and March 1, 2014.

Income_Taxes

Income Taxes	3 Months Ended
Income Taxes	31-May-14
Income Taxes	'
Income Taxes	'

	6. Income Taxes

	The Company recorded an income tax expense of $11,881 and $3,212 for the thirteen week periods ended May 31, 2014 and June 1, 2013, respectively. The income tax expense is recorded net of adjustments to maintain a full valuation allowance against the Company's net deferred tax assets.

	The income tax expense for the thirteen week period ended May 31, 2014 is primarily attributable to an increase in the deferred tax valuation allowance to offset the windfall tax benefits recorded in Additional Paid in Capital ("APIC") pursuant to the tax law ordering approach.

	The income tax expense for the thirteen week period ended June 1, 2013 is primarily attributable to the accrual of federal, state and local taxes and adjustments to unrecognized tax benefits offset by adjustments to the valuation allowance of $36,889.

	The Company recognizes tax liabilities in accordance with the guidance for uncertain tax positions and management adjusts these liabilities with changes in judgment as a result of the evaluation of new information not previously available. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate of the tax liabilities.

	While it is expected that the amount of unrecognized tax benefits will change in the next twelve months, the Company does not expect the change to have a significant impact on the results of operations or the financial position of the Company.

	The valuation allowances as of May 31, 2014 and March 1, 2014 apply to the net deferred tax assets of the Company. The Company continues to maintain a full valuation allowance of $2,059,449 and $2,060,811 against net deferred tax assets at May 31, 2014 and March 1, 2014, respectively.

Goodwill_and_Other_Intangible_

Goodwill and Other Intangible Assets	3 Months Ended
Goodwill and Other Intangible Assets	31-May-14
Goodwill and Other Intangible Assets	'
Goodwill and Other Intangible Assets	'

	7. Goodwill and Other Intangible Assets

	Goodwill is not amortized, but is instead evaluated for impairment on an annual basis at the end of the fiscal year, or more frequently if events or circumstances indicate that impairment may be more likely. During the thirteen weeks ended May 31, 2014, no impairment charges have been taken against the Company's goodwill. Below is a summary of the changes in the carrying amount of goodwill for the thirteen week period ended May 31, 2014:


		May 31, 2014
	Balance, March 1, 2014	$	—
	Acquisitions		83,971


	Balance, May 31, 2014	$	83,971





	The Company's other intangible assets are finite-lived and amortized over their useful lives. Following is a summary of the Company's amortizable intangible assets as of May 31, 2014 and March 1, 2014.


		May 31, 2014						March 1, 2014
		Gross		Accumulated			Remaining	Gross		Accumulated			Remaining
		Carrying		Amortization			Weighted	Carrying		Amortization			Weighted
		Amount					Average	Amount					Average
							Amortization						Amortization
							Period						Period
	Favorable leases and other	$	641,236	$	(458,877	)	9 years	$	634,320	$	(447,608	)	9 years
	Prescription files		1,366,798		(1,128,650	)	3 years		1,353,057		(1,108,542	)	4 years


	Total	$	2,008,034	$	(1,587,527	)		$	1,987,377	$	(1,556,150	)





	Also included in other non-current liabilities as of May 31, 2014 and March 1, 2014 are unfavorable lease intangibles with a net carrying amount of $60,920 and $62,687, respectively. These intangible liabilities are amortized over their remaining lease terms.

	Amortization expense for these intangible assets and liabilities was $29,237 and $31,685 for the thirteen week periods ended May 31, 2014 and June 1, 2013, respectively. The anticipated annual amortization expense for these intangible assets and liabilities is 2015—$108,903; 2016—$97,359; 2017—$83,950; 2018—$46,031 and 2019—$20,101.

Indebtedness_and_Credit_Agreem

Indebtedness and Credit Agreements	3 Months Ended
Indebtedness and Credit Agreements	31-May-14
Indebtedness and Credit Agreements	'
Indebtedness and Credit Agreements	'

	8. Indebtedness and Credit Agreements

	Following is a summary of indebtedness and lease financing obligations at May 31, 2014 and March 1, 2014:


		May 31,			March 1,
		2014			2014
	Secured Debt:
	Senior secured revolving credit facility due February 2018	$	351,000		$	400,000
	Tranche 6 Term Loan due February 2020		—			1,152,293
	Tranche 7 Term Loan due February 2020		1,152,293			—
	10.25% senior secured notes (second lien) due October 2019 ($270,000 face value less unamortized discount of $1,109 and $1,160)		268,891			268,840
	8.00% senior secured notes (senior lien) due August 2020		650,000			650,000
	Tranche 1 Term Loan (second lien) due August 2020		470,000			470,000
	Tranche 2 Term Loan (second lien) due June 2021		500,000			500,000
	Other secured		5,325			5,324


			3,397,509			3,446,457
	Guaranteed Unsecured Debt:
	9.25% senior notes due March 2020 ($902,000 face value plus unamortized premium of $3,919 and $4,087)		905,919			906,087
	6.75% senior notes due June 2021		810,000			810,000


			1,715,919			1,716,087
	Unguaranteed Unsecured Debt:
	8.5% convertible notes due May 2015		64,188			64,188
	7.7% notes due February 2027		295,000			295,000
	6.875% fixed-rate senior notes due December 2028		128,000			128,000


			487,188			487,188
	Lease financing obligations		103,770			107,411


	Total debt		5,704,386			5,757,143
	Current maturities of long-term debt and lease financing obligations		(112,818	)		(49,174	)


	Long-term debt and lease financing obligations, less current maturities	$	5,591,568			5,707,969





	Credit Facility

	The Company has a senior secured credit facility that consists of a $1,795,000 revolving credit facility and a $1,152,293 senior secured term loan (the "Tranche 7 Term Loan"). Borrowings under the revolving credit facility bear interest at a rate per annum between LIBOR plus 2.25% and LIBOR plus 2.75%, if the Company chooses to make LIBOR borrowings, or between Citibank's base rate plus 1.25% and Citibank's base rate plus 1.75% in each case based upon the amount of revolver availability as defined in the senior secured credit facility. The Company is required to pay fees between 0.375% and 0.50% per annum on the daily unused amount of the revolver, depending on the amount of revolver availability. Amounts drawn under the revolver become due and payable on February 21, 2018. On March 14, 2014, the Company amended and restated its credit agreement governing its senior secured credit facility, pursuant to which it prepaid its outstanding Tranche 6 Term Loan with the proceeds of a new $1,152,293 Tranche 7 Term Loan. The Tranche 7 Term Loan matures on February 21, 2020 and currently bears interest at a rate per annum equal to LIBOR plus 2.75%, if the Company chooses to make LIBOR borrowings, or at Citibank's base rate plus 1.75%. The Tranche 7 Term Loan is subject to a 0.75% LIBOR floor per annum.

	The Company's ability to borrow under the revolver is based upon a specified borrowing base consisting of accounts receivable, inventory and prescription files. At May 31, 2014, the Company had $351,000 of borrowings outstanding under the revolver and had letters of credit outstanding against the revolver of $77,826, which resulted in additional borrowing capacity of $1,366,174.

	The senior secured credit facility contains certain restrictions on the ability of the Company and the subsidiary guarantors to accumulate cash on hand, and under certain circumstances, requires the funds in the Company's deposit accounts to be applied first to the repayment of outstanding revolving loans under the senior secured credit facility and then to be held as collateral for the senior obligations.

	The senior credit facility restricts the amount of secured and unsecured debt the Company may have outstanding. The senior secured credit facility allows the Company to incur an unlimited amount of unsecured debt with a maturity beyond May 21, 2020. However, the Company's second priority secured term loan facilities and the indentures that govern the Company's secured and guaranteed unsecured notes contain restrictions on the amount of additional secured and unsecured debt that can be incurred by the Company. Pursuant to certain of the Company's existing indentures, the Company could not incur any additional secured debt assuming a fully drawn revolver and the outstanding letters of credit. The ability to issue additional unsecured debt under the second priority secured term loan facilities and the indentures is generally governed by an interest coverage ratio test. As of May 31, 2014, the Company had the ability to issue additional unsecured debt under the second lien credit facilities and other indentures.

	The senior secured credit facility contains additional covenants which place restrictions on the incurrence of debt, the payments of dividends, sale of assets, mergers and acquisitions and the granting of liens. The credit facility has a financial covenant, which is the maintenance of a fixed charge coverage ratio. The covenant requires that, if availability on the revolving credit facility is less than $150,000, the Company must maintain a minimum fixed charge coverage ratio of 1.00 to 1.00. As of May 31, 2014, availability under the revolving credit facility was in excess of $150,000 and our fixed charge coverage ratio was greater than 1.00 to 1.00. The senior secured credit facility also provides for customary events of default.

	The Company also has a second priority secured term loan facility, which includes a $470,000 second priority secured term loan (the "Tranche 1 Term Loan"). The Tranche 1 Term Loan matures on August 21, 2020 and currently bears interest at a rate per annum equal to LIBOR plus 4.75% with a LIBOR floor of 1.00%, if the Company chooses to make LIBOR borrowings, or at Citibank's base rate plus 3.75%.

	On June 21, 2013, the Company entered into a new second priority secured term loan facility, which includes a $500,000 second priority secured term loan (the "Tranche 2 Term Loan"). The Tranche 2 Term Loan matures on June 21, 2021 and currently bears interest at a rate per annum equal to LIBOR plus 3.875% with a LIBOR floor of 1.00%, if the Company chooses to make LIBOR borrowings, or at Citibank's base rate plus 2.875%.

	Substantially all of Rite Aid Corporation's 100 percent owned subsidiaries guarantee the obligations under the senior secured credit facility, second priority secured term loan facilities, secured guaranteed notes and unsecured guaranteed notes. The senior secured credit facility, second priority secured term loan facilities and secured guaranteed notes are secured, on a senior or second priority basis, as applicable, by a lien on, among other things, accounts receivable, inventory and prescription files of the subsidiary guarantors. The subsidiary guarantees related to the Company's senior secured credit facility, second priority secured term loan facilities and secured guaranteed notes and, on an unsecured basis, the unsecured guaranteed notes are full and unconditional and joint and several, and there are no restrictions on the ability of the Company to obtain funds from its subsidiaries. Also, the Company has no independent assets or operations, and subsidiaries not guaranteeing the credit facility, second priority secured term loan facilities and applicable notes are minor. Accordingly, condensed consolidating financial information for the Company and subsidiaries is not presented.

Maturities

The aggregate annual principal payments of long-term debt for the remainder of fiscal 2015 and thereafter are as follows: 2015—$13,966; 2016—$75,711; 2017—$11,523; 2018—$362,523; 2019—$11,523 and $5,122,560 thereafter.

Reclassifications_from_Accumul

Reclassifications from Accumulated Other Comprehensive Loss	3 Months Ended
Reclassifications from Accumulated Other Comprehensive Loss	31-May-14
Reclassifications from Accumulated Other Comprehensive Loss	'
Reclassifications from Accumulated Other Comprehensive Loss	'

	9. Reclassifications from Accumulated Other Comprehensive Loss

	The following table summarizes the components of accumulated other comprehensive loss and the changes in balances of each component of accumulated other comprehensive loss, net of tax as applicable, for the thirteen week periods ended May 31, 2014 and June 1, 2013:


		Thirteen week period						Thirteen week period
		ended May 31, 2014						ended June 1, 2013
		Defined			Accumulated			Defined			Accumulated
		benefit			other			benefit			other
		pension			comprehensive			pension			comprehensive
		plans			loss			plans			loss
	Accumulated other comprehensive loss
	Balance—beginning of period	$	(37,334	)	$	(37,334	)	$	(61,369	)	$	(61,369	)
	Amounts reclassified from accumulated other comprehensive loss to net income		659			659			1,263			1,263


	Balance—end of period	$	(36,675	)	$	(36,675	)	$	(60,106	)	$	(60,106	)





	The following table summarizes the effects on net income of significant amounts classified out of each component of accumulated other comprehensive loss for the thirteen week periods ended May 31, 2014 and June 1, 2013:


		Thirteen Week Periods Ended May 31, 2014 and June 1, 2013
		Amount
		reclassified from
		accumulated other
		comprehensive loss
	Details about accumulated other	May 31,			June 1,			Affected line item in the condensed
	comprehensive loss components	2014			2013			consolidated statements of operations
	Defined benefit pension plans
	Amortization of unrecognized prior service cost(a)	$	(60	)	$	(60	)	Selling, general and administrative expenses
	Amortization of unrecognized net loss(a)		(599	)		(1,203	)	Selling, general and administrative expenses


			(659	)		(1,263	)	Total before income tax expense
			—			—		Income tax expense(b)


		$	(659	)	$	(1,263	)	Net of income tax expense






	(a)
	See Note 10, Retirement Plans for additional details.

	(b)
	Income tax expense is $0 due to the valuation allowance. See Note 6, Income Taxes for additional details.

Retirement_Plans

Retirement Plans	3 Months Ended
Retirement Plans	31-May-14
Retirement Plans	'
Retirement Plans	'

	10. Retirement Plans

	Net periodic pension expense recorded in the thirteen week periods ended May 31, 2014 and June 1, 2013, for the Company's defined benefit plans includes the following components:


		Defined Benefit						Nonqualified
		Pension Plan						Executive
								Retirement Plans
		Thirteen Week Period Ended
		May 31,			June 1,			May 31,		June 1,
		2014			2013			2014		2013
	Service cost	$	793		$	829		$	—	$	—
	Interest cost		1,631			1,551			135		136
	Expected return on plan assets		(1,929	)		(1,779	)		—		—
	Amortization of unrecognized prior service cost		60			60			—		—
	Amortization of unrecognized net loss		599			1,203			—		—


	Net pension expense	$	1,154		$	1,864		$	135	$	136





	During the thirteen week period ended May 31, 2014 the Company contributed $386 to the Nonqualified Executive Retirement Plans. During the remainder of fiscal 2015, the Company expects to contribute $1,256 to the Nonqualified Executive Retirement Plans and $0 to the Defined Benefit Pension Plan.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	31-May-14
Commitments and Contingencies.	'
Commitments and Contingencies	'

	11. Commitments and Contingencies

	Legal Matters

	The Company is a party to legal proceedings, investigations and claims in the ordinary course of its business, including the matters described below. The Company records accruals for outstanding legal matters when it believes it is probable that a loss will be incurred and the amount can be reasonably estimated. The Company evaluates, on a quarterly basis, developments in legal matters that could affect the amount of any accrual and developments that would make a loss contingency both probable and reasonably estimable. If a loss contingency is not both probable and estimable, the Company does not establish an accrued liability.

	The Company's contingencies are subject to significant uncertainties, including, among other factors: (i) proceedings are in early stages; (ii) whether class or collective action status is sought and the likelihood of a class being certified; (iii) the outcome of pending appeals or motions; (iv) the extent of potential damages, fines or penalties, which are often unspecified or indeterminate; (v) the impact of discovery on the matter; (vi) whether novel or unsettled legal theories are at issue; (vii) there are significant factual issues to be resolved; and/or (viii) in the case of certain government agency investigations, whether a sealed qui tam lawsuit ("whistleblower" action) has been filed and whether the government agency makes a decision to intervene in the lawsuit following investigation.

	The Company has been named in a collective and class action lawsuit, Indergit v. Rite Aid Corporation et al pending in the United States District Court for the Southern District of New York, filed purportedly on behalf of current and former store managers working in the Company's stores at various locations around the country. The lawsuit alleges that the Company failed to pay overtime to store managers as required under the FLSA and under certain New York state statutes. The lawsuit also seeks other relief, including liquidated damages, punitive damages, attorneys' fees, costs and injunctive relief arising out of state and federal claims for overtime pay. On April 2, 2010, the Court conditionally certified a nationwide collective group of individuals who worked for the Company as store managers since March 31, 2007. The Court ordered that Notice of the Indergit action be sent to the purported members of the collective group (approximately 7,000 current and former store managers) and approximately 1,550 joined the Indergit action. Discovery as to certification issues has been completed. On September 26, 2013, the Court granted Rule 23 class certification of the New York store manager claims as to liability only, but denied it as to damages, and denied the Company's motion for decertification of the nationwide collective action claims. The Company has filed a motion seeking reconsideration of the Court's September 26, 2013 decision and briefing on that motion is complete and awaiting a ruling. Once approved by the Court, notice of the Rule 23 class certification as to liability only will be sent to approximately 1,750 current and former store managers in the state of New York. At this time, the Company is not able to either predict the outcome of this lawsuit or estimate a potential range of loss with respect to the lawsuit. The Company's management believes, however, that this lawsuit is without merit and not appropriate for collective or class action treatment and is vigorously defending this lawsuit.

	The Company is currently a defendant in several putative class action lawsuits filed in state courts in California alleging violations of California wage and hour laws, rules and regulations pertaining primarily to failure to pay overtime, pay for missed meals and rest periods and failure to provide employee seating. These suits purport to be class actions and seek substantial damages. The Company has aggressively challenged both the merits of the lawsuits and the allegations that the cases should be certified as class or representative actions. With respect to cases involving meal and rest periods (Chase and Scherwin v. Rite Aid Corporation pending in Los Angeles County Superior Court and Kyle v. Rite Aid Corporation pending in Sacramento County Superior Court), in light of the cost and uncertainty involved in these lawsuits, the Company is involved in ongoing discussions with counsel for the Plaintiffs concerning a possible resolution of these matters. During the period ended March 1, 2014, the Company recorded a legal accrual with respect to these matters. With respect to the other lawsuits described in this paragraph, the Company, at this time, is not able to predict either the outcome of these lawsuits or estimate a potential range of loss with respect to said lawsuits.

	The Company was served with a United States Department of Health and Human Services Office of the Inspector General ("OIG") subpoena dated March 5, 2010 in connection with an investigation being conducted by the OIG and the United States Attorney's Office for the Central District of California. The subpoena requests records related to any gift card inducement programs for customers who transferred prescriptions for drugs or medicines to the Company's pharmacies, and whether any customers who receive federally funded prescription benefits (e.g. Medicare and Medicaid) may have benefited from those programs. The Company has substantially completed its production of records in response to the subpoena. In June 2013, the government contacted the Company, and the Company is involved in ongoing discussions with the government regarding the matter. The Company is unable to predict the timing or outcome of any review by the government of such information.

	The Company was served with a Civil Investigative Demand Subpoena Duces Tecum dated August 26, 2011 by the United States Attorney's Office for the Eastern District of Michigan. The subpoena requests records regarding Rite Aid's Rx Savings Program and the reporting of usual and customary charges to publicly funded health programs. In connection with the same investigation, the Company was served with a Civil Subpoena Duces Tecum dated February 22, 2013 by the State of Indiana Office of the Attorney General. The Company has substantially completed its response to both of the subpoenas and is unable to predict the timing or outcome of any review by the government of such information.

	In April 2012, the Company received an administrative subpoena from the Drug Enforcement Administration ("DEA"), Albany, New York District Office, requesting information regarding the Company's sale of products containing pseudoephedrine ("PSE"). In April 2012, it also received a communication from the United States Attorneys Office ("USAO") for the Northern District of New York concerning an investigation of possible civil violations of the Combat Methamphetamine Epidemic Act of 2005 ("CMEA"). In April 2013, the Company received additional administrative subpoenas from DEA concerning certain retail PSE transactions at New York stores and the USAO commenced discussions with the Company regarding whether, from 2009 (upon implementation of an electronic PSE transaction logbook system) through the present, the Company sold products containing PSE in violation of the CMEA. Violations of the CMEA could result in the imposition of administrative, civil and/or criminal penalties against the Company. The Company is cooperating with the government and continues to provide information responsive to the subpoenas. The Company has entered into a tolling agreement with the USAO. The Company is unable to predict the timing or outcome of any review by the government of such information.

	The Company received an additional administrative subpoena from the DEA in December 2013 requesting information in connection with an investigation of violations of the CMEA in West Virginia. The Company is unable to predict the timing or outcome of any review by the government of such information.

	In January 2013, the DEA, Los Angeles District Office, served an administrative subpoena on the Company seeking documents related to prescriptions by a certain prescriber. The USAO, Central District of California, also contacted the Company about a related investigation into allegations that Rite Aid pharmacies filled certain controlled substance prescriptions for a number of practitioners after their DEA registrations had expired or otherwise become invalid in violation of the federal Controlled Substances Act and DEA regulations. The Company responded to the administrative subpoena and subsequent informal requests for information from the USAO. The Company met with the USAO and DEA in January 2014 and is involved in ongoing discussions with the government regarding this matter. The Company recorded a legal accrual during the period ended March 1, 2014.

	The Company was served with a Civil Investigative Demand dated June 21, 2013 by the USAO for the Eastern District of California. The CID requests records and responses to interrogatories regarding Rite Aid's Drug Utilization Review and prescription dispensing protocol and the dispensing of drugs designated "Code 1" by the State of California. The Company is in the process of producing responsive documents and interrogatory responses and is unable to predict the timing or outcome of any review by the government of such information.

	In addition to the above described matters, the Company is subject from time to time to various claims and lawsuits and governmental investigations arising in the ordinary course of business. While the Company's management cannot predict the outcome of any of the claims, the Company's management does not believe that the outcome of any of these legal matters will be material to the Company's consolidated financial position. It is possible, however, that the Company's results of operations or cash flows in a particular fiscal period could be materially affected by an unfavorable resolution of pending litigation or contingencies.

	Contingencies

	The California Department of Health Care Services ("DHCS"), the agency responsible for administering the State of California Medicaid program, implemented retroactive reimbursement rate reductions effective June 1, 2011, impacting the medical provider community in California, including pharmacies. Numerous medical providers, including representatives of both chain and independent pharmacies, filed suits against DHCS in federal district court in California and obtained preliminary injunctions against the rate cuts, subject to a trial on the merits. DHCS appealed the preliminary injunctions to the Ninth Circuit Court of Appeals, which Court vacated the injunctions. Based upon the actions of DHCS and the decision of the appeals court, the Company recorded an appropriate accrual. In January 2014, the Center for Medicare and Medicaid Services approved a state plan amendment that excluded certain drugs from the retroactive reimbursement rate reductions effective March 31, 2012. Accordingly, the Company adjusted its accrual to take into account this exclusion at year end. As pertinent facts and circumstances develop, this accrual may be adjusted further.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	31-May-14
Basis of Presentation	'
Basis of Presentation	'

	Basis of Presentation

	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X and therefore do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete annual financial statements. The accompanying financial information reflects all adjustments which are of a recurring nature and, in the opinion of management, are necessary for a fair presentation of the results for the interim periods. The results of operations for the thirteen week period ended May 31, 2014 are not necessarily indicative of the results to be expected for the full year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Rite Aid Corporation and Subsidiaries (the "Company") Fiscal 2014 10-K.

New Accounting Pronouncements	'

	New Accounting Pronouncements

	In July 2013, the 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. ASU No. 2013-11 requires an entity to present unrecognized tax benefits as a reduction to deferred tax assets when a net operating loss carryforward, similar tax loss or a tax credit carryforward exists, with limited exceptions. ASU No. 2013-11 is effective for fiscal years beginning on or after December 15, 2013, and for interim periods within those fiscal years. This pronouncement had no effect on the financial statements as the Company has historically presented uncertain tax positions in accordance with ASU No. 2013-11.

	In May 2013, the FASB issued a proposed Accounting Standards Update, Leases (Topic 842): a revision of the 2010 proposed Accounting Standards Update, Leases (Topic 840), that would require an entity to recognize assets and liabilities arising under lease contracts on the balance sheet. The proposed standard, as currently drafted, will have a material impact on the Company's reported results of operations and financial position.

	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. This ASU supersedes the revenue recognition requirements in Accounting Standards Codification 605—Revenue Recognition and most industry-specific guidance throughout the Codification. The standard requires that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This ASU is effective for fiscal years beginning after December 15, 2016, and for interim periods within those fiscal years. The Company is in the process of assessing the impact of the adoption of ASU 2014-09 on its financial position, results of operations and cash flows.

Income_Per_Share_Tables

Income Per Share (Tables)	3 Months Ended
Income Per Share (Tables)	31-May-14
Income Per Share	'
Schedule of calculation of basic and diluted income per share	'




		Thirteen Week
		Period Ended
		May 31,		June 1,
		2014		2013
	Numerator for income per share:
	Net income	$	41,446	$	89,662
	Accretion of redeemable preferred stock		—		(25	)
	Cumulative preferred stock dividends		—		(2,732	)


	Income attributable to common stockholders—basic	$	41,446	$	86,905
	Add back—interest on convertible notes		—		1,364
	Add back—cumulative preferred stock dividends		—		2,732


	Income attributable to common stockholders—diluted	$	41,446	$	91,001




	Denominator:
	Basic weighted average shares		963,332		893,871
	Outstanding options and restricted shares, net		33,222		38,812
	Convertible notes		—		24,800
	Convertible preferred stock		—		33,605


	Diluted weighted average shares		996,554		991,088




	Basic income per share	$	0.04	$	0.1




	Diluted income per share	$	0.04	$	0.09




Schedule of antidilutive effect of potential common shares, excluded from computation of diluted income per share	'




		Thirteen Week
		Period Ended
		May 31,		June 1,
		2014		2013
	Stock options		—		49,324
	Convertible notes		24,800		—


			24,800		49,324

Lease_Termination_and_Impairme1

Lease Termination and Impairment Charges (Tables)	3 Months Ended
Lease Termination and Impairment Charges (Tables)	31-May-14
Lease Termination and Impairment Charges	'
Schedule of amounts relating to lease termination and impairment charges	'




		Thirteen Week
		Period Ended
		May 31,			June 1,
		2014			2013
	Impairment charges	$	151		$	4,601
	Lease termination charges		4,697			6,371


		$	4,848		$	10,972




Schedule of closed store and distribution center charges related to new closures, changes in assumptions and interest accretion	'




		Thirteen Week
		Period Ended
		May 31,			June 1,
		2014			2013
	Balance—beginning of period	$	284,270		$	323,758
	Provision for present value of noncancellable lease payments of closed stores		142			393
	Changes in assumptions about future sublease income, terminations and changes in interest rates		(427	)		520
	Interest accretion		4,982			5,458
	Cash payments, net of sublease income		(18,645	)		(18,118	)


	Balance—end of period	$	270,322		$	312,011

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	31-May-14
Fair Value Measurements	'
Schedule of fair value of assets measured on non-recurring basis	'




	Fair Value Measurement Using
		Level 1		Level 2		Level 3		Total as of
								May 31,
								2014
	Long-lived assets held for use	$	—	$	—	$	207	$	207
	Long-lived assets held for sale	$	—	$	—	$	—	$	—


	Total	$	—	$	—	$	207	$	207








		Level 1		Level 2		Level 3		Total as of
								June 1,
								2013
	Long-lived assets held for use	$	—	$	—	$	592	$	592
	Long-lived assets held for sale	$	—	$	12,315	$	—	$	12,315


	Total	$	—	$	12,315	$	592	$	12,907

Goodwill_and_Other_Intangible_1

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
Goodwill and Other Intangible Assets (Tables)	31-May-14
Goodwill and Other Intangible Assets	'
Summary of the changes in the carrying amount of goodwill	'




		May 31, 2014
	Balance, March 1, 2014	$	—
	Acquisitions		83,971


	Balance, May 31, 2014	$	83,971




Summary of the Company's amortizable intangible assets	'




		May 31, 2014						March 1, 2014
		Gross		Accumulated			Remaining	Gross		Accumulated			Remaining
		Carrying		Amortization			Weighted	Carrying		Amortization			Weighted
		Amount					Average	Amount					Average
							Amortization						Amortization
							Period						Period
	Favorable leases and other	$	641,236	$	(458,877	)	9 years	$	634,320	$	(447,608	)	9 years
	Prescription files		1,366,798		(1,128,650	)	3 years		1,353,057		(1,108,542	)	4 years


	Total	$	2,008,034	$	(1,587,527	)		$	1,987,377	$	(1,556,150	)

Indebtedness_and_Credit_Agreem1

Indebtedness and Credit Agreements (Tables)	3 Months Ended
Indebtedness and Credit Agreements (Tables)	31-May-14
Indebtedness and Credit Agreements	'
Summary of indebtedness and lease financing obligations	'




		May 31,			March 1,
		2014			2014
	Secured Debt:
	Senior secured revolving credit facility due February 2018	$	351,000		$	400,000
	Tranche 6 Term Loan due February 2020		—			1,152,293
	Tranche 7 Term Loan due February 2020		1,152,293			—
	10.25% senior secured notes (second lien) due October 2019 ($270,000 face value less unamortized discount of $1,109 and $1,160)		268,891			268,840
	8.00% senior secured notes (senior lien) due August 2020		650,000			650,000
	Tranche 1 Term Loan (second lien) due August 2020		470,000			470,000
	Tranche 2 Term Loan (second lien) due June 2021		500,000			500,000
	Other secured		5,325			5,324


			3,397,509			3,446,457
	Guaranteed Unsecured Debt:
	9.25% senior notes due March 2020 ($902,000 face value plus unamortized premium of $3,919 and $4,087)		905,919			906,087
	6.75% senior notes due June 2021		810,000			810,000


			1,715,919			1,716,087
	Unguaranteed Unsecured Debt:
	8.5% convertible notes due May 2015		64,188			64,188
	7.7% notes due February 2027		295,000			295,000
	6.875% fixed-rate senior notes due December 2028		128,000			128,000


			487,188			487,188
	Lease financing obligations		103,770			107,411


	Total debt		5,704,386			5,757,143
	Current maturities of long-term debt and lease financing obligations		(112,818	)		(49,174	)


	Long-term debt and lease financing obligations, less current maturities	$	5,591,568			5,707,969

Reclassifications_from_Accumul1

Reclassifications from Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	31-May-14
Reclassifications from Accumulated Other Comprehensive Loss	'
Summary of components of accumulated other comprehensive loss and the changes in balances of each component of accumulated other comprehensive loss, net of tax	'




		Thirteen week period						Thirteen week period
		ended May 31, 2014						ended June 1, 2013
		Defined			Accumulated			Defined			Accumulated
		benefit			other			benefit			other
		pension			comprehensive			pension			comprehensive
		plans			loss			plans			loss
	Accumulated other comprehensive loss
	Balance—beginning of period	$	(37,334	)	$	(37,334	)	$	(61,369	)	$	(61,369	)
	Amounts reclassified from accumulated other comprehensive loss to net income		659			659			1,263			1,263


	Balance—end of period	$	(36,675	)	$	(36,675	)	$	(60,106	)	$	(60,106	)




Summary of effects on net income of significant amounts classified out of each component of accumulated other comprehensive loss	'




		Thirteen Week Periods Ended May 31, 2014 and June 1, 2013
		Amount
		reclassified from
		accumulated other
		comprehensive loss
	Details about accumulated other	May 31,			June 1,			Affected line item in the condensed
	comprehensive loss components	2014			2013			consolidated statements of operations
	Defined benefit pension plans
	Amortization of unrecognized prior service cost(a)	$	(60	)	$	(60	)	Selling, general and administrative expenses
	Amortization of unrecognized net loss(a)		(599	)		(1,203	)	Selling, general and administrative expenses


			(659	)		(1,263	)	Total before income tax expense
			—			—		Income tax expense(b)


		$	(659	)	$	(1,263	)	Net of income tax expense






	(a)
	See Note 10, Retirement Plans for additional details.

	(b)
	Income tax expense is $0 due to the valuation allowance. See Note 6, Income Taxes for additional details.

Retirement_Plans_Tables

Retirement Plans (Tables)	3 Months Ended
Retirement Plans (Tables)	31-May-14
Retirement Plans	'
Summary of net periodic pension expense for the defined benefit plans	'




		Defined Benefit						Nonqualified
		Pension Plan						Executive
								Retirement Plans
		Thirteen Week Period Ended
		May 31,			June 1,			May 31,		June 1,
		2014			2013			2014		2013
	Service cost	$	793		$	829		$	—	$	—
	Interest cost		1,631			1,551			135		136
	Expected return on plan assets		(1,929	)		(1,779	)		—		—
	Amortization of unrecognized prior service cost		60			60			—		—
	Amortization of unrecognized net loss		599			1,203			—		—


	Net pension expense	$	1,154		$	1,864		$	135	$	136

Acquisitions_Details

Acquisitions (Details) (USD $)	0 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Apr. 10, 2014	31-May-14	Apr. 01, 2014	Apr. 10, 2014
			Health Dialog	RediClinic
				item
Acquisitions	'	'	'	'
Ownership (as a percent)	'	'	100.00%	100.00%
Number of retail clinics operated	'	'	'	30
Combined amount paid for entities acquired, net of cash acquired	$65,306	$65,306	'	'
Cash acquired related to the acquisitions	19,865	'	'	'
Goodwill related to expected future synergies and operating efficiencies	$83,971	$83,971	'	'

Income_Per_Share_Details

Income Per Share (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	31-May-14	Jun. 01, 2013
Numerator for income per share:	'	'
Net income	$41,446	$89,662
Accretion of redeemable preferred stock	'	-25
Cumulative preferred stock dividends	'	-2,732
Income attributable to common stockholders-basic	41,446	86,905
Add back-interest on convertible notes	'	1,364
Add back-cumulative preferred stock dividends	'	2,732
Income attributable to common stockholders-diluted	$41,446	$91,001
Denominator:	'	'
Basic weighted average shares	963,332	893,871
Outstanding options and restricted shares, net (in shares)	33,222	38,812
Convertible notes (in shares)	'	24,800
Convertible preferred stock (in shares)	'	33,605
Diluted weighted average shares	996,554	991,088
Basic income per share (in dollars per share)	$0.04	$0.10
Diluted income per share (in dollars per share)	$0.04	$0.09
Antidilutive securities excluded from computation of earnings per share	'	'
Potential common shares excluded from the computation of diluted income per share	24,800	49,324
Stock options	'	'
Antidilutive securities excluded from computation of earnings per share	'	'
Potential common shares excluded from the computation of diluted income per share	'	49,324
Convertible notes	'	'
Antidilutive securities excluded from computation of earnings per share	'	'
Potential common shares excluded from the computation of diluted income per share	24,800	'

Lease_Termination_and_Impairme2

Lease Termination and Impairment Charges (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013
Lease termination and impairment charges	'	'
Lease termination and impairment charges	$4,848	$10,972
Impairment charges	'	'
Lease termination and impairment charges	'	'
Lease termination and impairment charges	151	4,601
Lease termination	'	'
Lease termination and impairment charges	'	'
Lease termination and impairment charges	4,697	6,371
Closed store and distribution center charges	'	'
Balance-beginning of period	284,270	323,758
Provision for present value of noncancellable lease payments of closed stores	142	393
Changes in assumptions about future sublease income, terminations and changes in interest rates	-427	520
Interest accretion	4,982	5,458
Cash payments, net of sublease income	-18,645	-18,118
Balance-end of period	$270,322	$312,011

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013	Mar. 01, 2014
Fair Value Measurements	'	'	'
Carrying value of long-lived assets	$358	$17,508	'
Fair value of long-lived assets	207	12,907	'
Impairment charges	151	4,601	'
Non-financial assets measured on a non-recurring basis	'	'	'
Outstanding derivative financial instruments	0	'	0
Nonrecurring basis \| Level 1	'	'	'
Non-financial assets measured on a non-recurring basis	'	'	'
Carrying value of total long-term indebtedness	5,600,616	'	'
Estimated fair value of total long-term indebtedness	6,066,108	'	'
Nonrecurring basis \| Level 2	'	'	'
Non-financial assets measured on a non-recurring basis	'	'	'
Fair value of Long-lived assets held for sale	'	12,315	'
Fair value of Total	'	12,315	'
Nonrecurring basis \| Level 3	'	'	'
Non-financial assets measured on a non-recurring basis	'	'	'
Fair value of long-lived assets held for use	207	592	'
Fair value of Total	207	592	'
Nonrecurring basis \| Total	'	'	'
Non-financial assets measured on a non-recurring basis	'	'	'
Fair value of long-lived assets held for use	207	592	'
Fair value of Long-lived assets held for sale	'	12,315	'
Fair value of Total	$207	$12,907	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013	Mar. 01, 2014
Income Taxes	'	'	'
Income tax expense	$11,881	$3,212	'
Adjustments to valuation allowance	'	36,889	'
Valuation allowance against net deferred tax assets	$2,059,449	'	$2,060,811

Goodwill_and_Other_Intangible_2

Goodwill and Other Intangible Assets (Details) (USD $)	3 Months Ended				3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013	Apr. 10, 2014	Mar. 01, 2014	31-May-14	Mar. 01, 2014	31-May-14	Mar. 01, 2014
	31-May-14	Jun. 01, 2013	Apr. 10, 2014	Mar. 01, 2014	Favorable leases and other	Favorable leases and other	Prescription files	Prescription files
Goodwill and Other Intangible Assets	'	'	'	'	'	'	'	'
Goodwill impairment charges	$0	'	'	'	'	'	'	'
Changes in the carrying amount of goodwill	'	'	'	'	'	'	'	'
Balance at beginning of period	'	'	83,971	'	'	'	'	'
Acquisitions	83,971	'	'	'	'	'	'	'
Balance at end of period	83,971	'	83,971	'	'	'	'	'
Finite-lived intangible assets	'	'	'	'	'	'	'	'
Gross Carrying Amount	2,008,034	'	'	1,987,377	641,236	634,320	1,366,798	1,353,057
Accumulated Amortization	-1,587,527	'	'	-1,556,150	-458,877	-447,608	-1,128,650	-1,108,542
Remaining Weighted Average Amortization Period	'	'	'	'	'9 years	'9 years	'3 years	'4 years
Unfavorable lease intangibles	60,920	'	'	62,687	'	'	'	'
Amortization expense for intangible assets and liabilities	29,237	31,685	'	'	'	'	'	'
Anticipated annual amortization expense for intangible assets and liabilities	'	'	'	'	'	'	'	'
2015	108,903	'	'	'	'	'	'	'
2016	97,359	'	'	'	'	'	'	'
2017	83,950	'	'	'	'	'	'	'
2018	46,031	'	'	'	'	'	'	'
2019	$20,101	'	'	'	'	'	'	'

Indebtedness_and_Credit_Agreem2

Indebtedness and Credit Agreements (Details) (USD $)

3 Months Ended

0 Months Ended

In Thousands, unless otherwise specified

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

31-May-14

Mar. 14, 2014

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

Jun. 21, 2013

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

31-May-14

Mar. 01, 2014

Senior secured credit facility

Senior secured revolving credit facility due February 2018

Tranche 6 Term Loan due February 2020

Tranche 7 Term Loan due February 2020

10.25% senior secured notes (second lien) due October 2019 ($270,000 face value less unamortized discount of $1,109 and $1,160)

8.00% senior secured notes (senior lien) due August 2020

Tranche 1 Term Loan (second lien) due August 2020

Tranche 2 Term Loan (second lien) due June 2021

Other secured

Guaranteed Unsecured Debt

9.25% senior notes due March 2020

6.75% senior notes due June 2021

Unguaranteed Unsecured Debt

8.5% convertible notes due May 2015

7.7% notes due February 2027

6.875% fixed-rate senior notes due December 2028

Minimum

Maximum

LIBOR

Citibank's base rate

LIBOR

Citibank's base rate

LIBOR

Citibank's base rate

LIBOR

Citibank's base rate

Minimum

Maximum

Minimum

Maximum

Indebtedness and credit agreement

Long-term debt

$3,397,509

$3,446,457

$351,000

$400,000

$1,152,293

$268,891

$268,840

$650,000

$470,000

$500,000

$5,325

$5,324

$1,715,919

$1,716,087

$905,919

$906,087

$810,000

$487,188

$64,188

$295,000

$128,000

Lease financing obligations

103,770

107,411

Total debt

5,704,386

5,757,143

Current maturities of long-term debt and lease financing obligations

-112,818

-49,174

Long-term debt and lease financing obligations, less current maturities

5,591,568

5,707,969

Face value

1,152,293

270,000

500,000

902,000

Unamortized discount

1,109

1,160

Unamortized premium

3,919

4,087

Debt instrument, stated interest rate (as a percent)

10.25%

8.00%

9.25%

6.75%

8.50%

7.70%

6.88%

Credit facility

Revolving credit facility

1,795,000

1,152,293

Reference rate for variable interest rate

'LIBOR

'Citibank's base rate

'LIBOR

'Citibank's base rate

'LIBOR

'Citibank's base rate

'LIBOR

'Citibank's base rate

Percentage points added to the reference rate

2.25%

2.75%

1.25%

1.75%

2.75%

1.75%

4.75%

3.75%

3.88%

2.88%

Percentage of fee payable on daily unused revolver availability

0.38%

0.50%

LIBOR floor (as a percent)

0.75%

1.00%

Outstanding borrowings

351,000

Letters of credit outstanding

77,826

Additional borrowing capacity

1,366,174

Threshold availability on revolving credit facility to trigger fixed charge coverage requirements

150,000

Minimum fixed charge coverage ratio

Fixed charge coverage ratio

Ownership interest (as a percent)

100.00%

Maturities

Remainder of fiscal 2015

13,966

2016

75,711

2017

11,523

2018

362,523

2019

11,523

Thereafter

$5,122,560

Reclassifications_from_Accumul2

Reclassifications from Accumulated Other Comprehensive Loss (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013
Accumulated other comprehensive loss	'	'
Balance - beginning of period	($37,334)	($61,369)
Amounts reclassified from accumulated other comprehensive loss to net income	659	1,263
Balance - end of period	-36,675	-60,106
Defined benefit pension plans	'	'
Accumulated other comprehensive loss	'	'
Balance - beginning of period	-37,334	-61,369
Amounts reclassified from accumulated other comprehensive loss to net income	659	1,263
Balance - end of period	($36,675)	($60,106)

Reclassifications_from_Accumul3

Reclassifications from Accumulated Other Comprehensive Loss (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013
Reclassification from accumulated other comprehensive loss	'	'
Income (loss) before income taxes	($53,327)	($92,874)
Income tax benefit	11,881	3,212
Net of income tax expense	-41,446	-89,662
Defined benefit pension plans \| Reclassification from accumulated other comprehensive loss	'	'
Reclassification from accumulated other comprehensive loss	'	'
Income (loss) before income taxes	-659	-1,263
Net of income tax expense	-659	-1,263
Defined benefit pension plans \| Reclassification from accumulated other comprehensive loss \| Selling, general and administrative expenses	'	'
Reclassification from accumulated other comprehensive loss	'	'
Amortization of unrecognized prior service cost	-60	-60
Amortization of unrecognized net loss	($599)	($1,203)

Retirement_Plans_Details

Retirement Plans (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	Jun. 01, 2013
Defined Benefit Pension Plan	'	'
Net periodic pension expense	'	'
Service cost	$793	$829
Interest cost	1,631	1,551
Expected return on plan assets	-1,929	-1,779
Amortization of unrecognized prior service cost	60	60
Amortization of unrecognized net loss	599	1,203
Net pension expense	1,154	1,864
Expected employer contribution during the remainder of fiscal 2015	0	'
Nonqualified Executive Retirement Plan	'	'
Net periodic pension expense	'	'
Interest cost	135	136
Net pension expense	135	136
Employer contributions	386	'
Expected employer contribution during the remainder of fiscal 2015	$1,256	'

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (Indergit)	31-May-14
Commitments and Contingencies (Details) (Indergit)	StoreManager
Indergit	'
Commitments and contingencies	'
Number of current and former store managers court ordered notices to be sent	7,000
Number of current and former store managers who joined the action	1,550
Number of current and former store managers to whom notices will be sent after the Court approval	1,750