Barnes and Noble 2010 Annual Report Download - page 30

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CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data) Fiscal 2010
13 Weeks
Ended May 2,
2009 Fiscal 2008 Fiscal 2007
Sales $ 5,810,564 1,105,152 5,121,804 5,286,674
Cost of sales and occupancy 4,133,819 773,491 3,540,596 3,679,845
Gross profit 1,676,745 331,661 1,581,208 1,606,829
Selling and administrative expenses 1,392,207 286,554 1,251,524 1,225,791
Depreciation and amortization 207,774 45,879 173,557 168,600
Pre-opening expenses 3,518 2,472 12,796 10,387
Operating profit (loss) 73,246 (3,244) 143,331 202,051
Interest income (expense), net and amortization of deferred
financing fees (28,237) (199) (2,344) 7,483
Earnings (loss) from continuing operations before taxes 45,009 (3,443) 140,987 209,534
Income taxes 8,365 (1,374) 55,591 74,623
Earnings (loss) from continuing operations (net of income tax) 36,644 (2,069) 85,396 134,911
Earnings (loss) from discontinued operations (net of income tax) — (654) (9,506) 888
Net earnings (loss) 36,644 (2,723) 75,890 135,799
Net loss attributable to noncontrolling interests 32 30 30 —
Net earnings (loss) attributable to Barnes & Noble, Inc. $ 36,676 (2,693) 75,920 135,799
Earnings (loss) attributable to Barnes & Noble, Inc.
Earnings (loss) from continuing operations $ 36,644 (2,069) 85,396 134,911
Less loss attributable to noncontrolling interests 32 30 30 —
Net earnings (loss) from continuing operations attributable to
Barnes & Noble, Inc. $ 36,676 (2,039) 85,426 134,911
Basic earnings per common share
Earnings (loss) from continuing operations attributable to
Barnes & Noble, Inc. $ 0.64 (0.04) 1.50 2.07
Earnings (loss) from discontinued operations attributable to
Barnes & Noble, Inc. — (0.01) (0.17) 0.01
Net earnings (loss) attributable to Barnes & Noble, Inc. $ 0.64 (0.05) 1.33 2.08
Diluted earnings per common share
Earnings (loss) from continuing operations attributable to
Barnes & Noble, Inc. $ 0.63 (0.04) 1.46 1.99
Earnings (loss) from discontinued operations attributable to
Barnes & Noble, Inc. — (0.01) (0.17) 0.01
Net earnings (loss) attributable to Barnes & Noble, Inc. $ 0.63 (0.05) 1.29 2.00
Weighted average common shares outstanding
Basic 55,344 54,759 55,207 63,662
Diluted 56,153 54,759 56,529 66,221
See accompanying notes to consolidated financial statements.
28 Barnes & Noble, Inc.