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FISCAL YEAR
(In thousands, except per share data) 2006 2005 2004 200312002
Weighted average common shares
outstanding
Basic 65,212 67,560 69,018 65,989 66,362
Diluted 69,226 72,150 75,696 77,105 77,680
OTHER OPERATING DATA
Number of stores
Barnes & Noble stores 695 681 666 647 628
B. Dalton stores 98 118 154 195 258
Total 793 799 820 842 886
Comparable store sales increase (decrease)8
Barnes & Noble stores (0.3)% 2.9% 3.1% 3.2% 0.0%
B. Dalton stores (6.1) 0.9 (2.2) (2.0) (6.4)
Capital expenditures $ 179,373 187,167 184,885 130,103 184,559
BALANCE SHEET DATA
Total assets $ 3,196,798 3,156,250 3,318,389 3,812,036 3,266,303
Long-term debt $ — — 245,000 300,000 300,000
1 Fiscal 2003 includes the results of operations of barnesandnoble.com llc (Barnes & Noble.com) from September 15, 2003, the date the Company
acquired a controlling interest in Barnes & Noble.com. Prior to the acquisition date, the Company accounted for the results of Barnes & Noble.com
under the equity method of accounting. See Note 4 to the Notes to Consolidated Financial Statements.
2 Includes primarily Calendar Club L.L.C. (Calendar Club) (for all periods presented) and third-party sales of Sterling Publishing Co., Inc.
(from its acquisition in January 2003).
3 In fi scal 2002, the Company recorded a non-cash charge to operating earnings to write down its investments in Gemstar-TV Guide International, Inc.
and Indigo Books & Music Inc. to their fair market value.
4 Amounts for fi scal 2006, 2005, 2004, 2003 and 2002 are net of interest income of $5,789, $7,013, $3,461, $726 and $1,501, respectively.
5 One-time charge associated with the redemption of the Company’s convertible subordinated notes in fi scal 2004.
6 In fi scal 2002, the Company determined that a decrease in value in certain of its equity investments occurred which was other than temporary.
As a result, other expense of $16,498 in fi scal 2002 includes the recognition of losses of $11,485 in excess of what would otherwise have been
recognized by application of the equity method in accordance with Accounting Principles Board Opinion No. 18, “The Equity Method of Accounting
for Investments in Common Stock.” The $16,498 loss in other expense was primarily comprised of $8,489 attributable to iUniverse.com, $5,081
attributable to BOOK® magazine and $2,351 attributable to enews, inc.
7 Minority interest represents the approximate 26% outside interest in Calendar Club.
8 Comparable store sales increase (decrease) is calculated on a 52-week basis, and includes sales of stores that have been open for 15 months and
does not include closed or relocated stores.
6 Barnes & Noble, Inc. SELECTED CONSOLIDATED FINANCIAL DATA continued