Barnes and Noble 2010 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2010 Barnes and Noble annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

will continue to evaluate the effect of its recent change in
management structure on the identification of operating
segments and reporting units in future filings.
B&N Retail
This group includes 720 bookstores as of May 1, 2010,
primarily under the Barnes & Noble Booksellers trade
name. The 720 Barnes & Noble stores generally offer a
comprehensive title base, a café, a children’s section, a
music department, a magazine section and a calendar of
ongoing events, including author appearances and chil-
dren’s activities. In addition, this segment includes Barnes
& Noble.com (an online retailer of eBooks, books, music,
DVDs/videos and other items), the Company’s publishing
operation, Sterling Publishing, and other internet-based
operations.
B&N College
This group includes 637 stores as of May 1, 2010, that are
primarily school-owned stores operated under contracts
by B&N College. The 637 B&N College stores generally
sell textbooks and course-related materials, emblematic
apparel and gifts, trade books, school and dorm supplies,
and convenience and café items.
Summarized financial information concerning the
Company’s reportable segments is presented below:
Sales
52 Weeks
Ended
May 1, 2010
13 Weeks
Ended
May 2, 2009
52 Weeks
Ended
January 31,
2009
52 Weeks
Ended
February 2,
2008
B&N Retail
Segment $ 4,974,106 $ 1,105,152 $ 5,121,804 $ 5,286,674
B&N College
Segmenta 836,458 — — —
Total $ 5,810,564 $ 1,105,152 $ 5,121,804 $ 5,286,674
Depreciation and
Amortization
52 Weeks
Ended
May 1, 2010
13 Weeks
Ended
May 2, 2009
52 Weeks
Ended
January 31,
2009
52 Weeks
Ended
February 2,
2008
B&N Retail
Segment $ 182,911 $ 45,879 $ 173,557 $ 168,600
B&N College
Segmenta 24,863 — — —
Total $ 207,774 $ 45,879 $ 173,557 $ 168,600
Operating Profit/
(Loss)
52 Weeks
Ended
May 1,
2010
13 Weeks
Ended
May 2,
2009
52 Weeks
Ended
January 31,
2009
52 Weeks
Ended
February 2,
2008
B&N Retail
Segment $ 73,170 $ (3,244) $ 143,331 $ 202,051
B&N College
Segmenta 76 — — —
Total $ 73,246 $ (3,244) $ 143,331 $ 202,051
Capital
Expenditures
52 Weeks
Ended
May 1,
2010
13 Weeks
Ended
May 2,
2009
52 Weeks
Ended
January 31,
2009
52 Weeks
Ended
February 2,
2008
B&N Retail Segment $ 114,063 $ 22,822 $ 192,153 $ 193,958
B&N College
Segmenta 13,716 — — —
Total $ 127,779 $ 22,822 $ 192,153 $ 193,958
Total Assets
As of
May 1,
2010
As of
May 2,
2009
As of
January 31,
2009
As of
February 2,
2008
B&N Retail Segment $ 2,761,697 $ 2,664,279 $ 2,877,864 $ 3,141,247
B&N College
Segmenta 943,989 — — —
Total $ 3,705,686 $ 2,664,279 $ 2,877,864 $ 3,141,247
a Includes only the financial information of B&N College since the date
of the Acquisition on September 30, 2009.
A reconciliation of operating profit from reportable seg-
ments to income (loss) from continuing operations before
taxes in the consolidated financial statements is as follows:
52 Weeks
Ended May
1, 2010
13 Weeks
Ended May
2, 2009
52 Weeks
Ended
January 31,
2009
52 Weeks
Ended
February 2,
2008
Reportable segments
operating profit $ 73,246 $ (3,244) $ 143,331 $ 202,051
Interest income
(expense), net (28,237) (199) (2,344) 7,483
Consolidated income
(loss) from continuing
operations before
taxes $ 45,009 $ (3,443) $ 140,987 $ 209,534
56 Barnes & Noble, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued