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19. SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
A summary of quarterly fi nancial information for each of the last two fi scal years is as follows:
FISCAL 2006 QUARTER ENDED
ON OR ABOUT
APRIL
2006
JULY
2006
OCTOBER
2006
JANUARY
2007
TOTAL FISCAL
YEAR 2006
Sales $ 1,114,735 1,156,160 1,111,958 1,878,401 5,261,254
Gross profi t $ 338,750 349,523 331,025 618,994 1,638,292
Net earnings (loss) $ 9,991 16,576 (2,772) 126,732 150,527
Earnings (loss) per common share
Basic $ 0.15 0.25 (0.04) 1.95 2.31
Diluted $ 0.14 0.24 (0.04) 1.83 2.17
FISCAL 2005 QUARTER ENDED
ON OR ABOUT
APRIL
2005
JULY
2005
OCTOBER
2005
JANUARY
2006
TOTAL FISCAL
YEAR 2005
Sales $ 1,097,170 1,170,800 1,081,785 1,753,249 5,103,004
Gross profi t $ 326,935 343,726 319,977 576,529 1,567,167
Net earnings $ 9,906 13,467 327 122,981 146,681
EARNINGS PER COMMON SHARE
Basic $ 0.14 0.20 — 1.88 2.17
Diluted $ 0.13 0.18 — 1.76 2.03
46 Barnes & Noble, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued