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24. SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
A summary of quarterly financial information for fiscal 2010 and fiscal 2008 is as follows:
Fiscal 2010 Quarter Ended On or About July 2009 October 2009 January 2010 April 2010a
Total Fiscal
Year 2010
Sales $1,155,681 1,160,895 2,174,542 1,319,446 5,810,564
Gross profit $ 355,855 342,189 615,671 363,030 1,676,745
Earnings (loss) from continuing operations
attributable to Barnes & Noble, Inc. $ 12,267 (23,957) 80,403 (32,038) 36,676
Loss from discontinued operations — — — — —
Net earnings (loss) attributable to Barnes &
Noble, Inc. $ 12,267 (23,957) 80,403 (32,038) 36,676
Basic earnings (loss) per common share:
Earnings (loss) from continuing operations
attributable to Barnes & Noble, Inc. $ 0.22 (0.43) 1.40 (0.58) 0.64
Loss from discontinued operations attributable
to Barnes & Noble, Inc. — — — — —
Net earnings (loss) attributable to Barnes &
Noble, Inc. $ 0.22 (0.43) 1.40 (0.58) 0.64
Diluted earnings (loss) per common share:
Earnings (loss) from continuing operations
attributable to Barnes & Noble, Inc. $ 0.21 (0.43) 1.38 (0.58) 0.63
Loss from discontinued operations attributable
to Barnes & Noble, Inc. — — — — —
Net earnings (loss) attributable to
Barnes & Noble, Inc. $ 0.21 (0.43) 1.38 (0.58) 0.63
a Included in the 13 weeks ended May 1, 2010 was a physical inventory benefit of $10.6 million, as results were more favorable than previously estimated
and accrued, and a tax benefit of $13.7 million due to the recognition of previously unrecognized tax benefits for years settled with the applicable tax
authorities.
2010 Annual Report 63