Barnes and Noble 2001 Annual Report Download - page 32

Download and view the complete annual report

Please find page 32 of the 2001 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 52

  • 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

6. MARKETABLE EQ U I TY SEC U R I T I E S
Marketable equity securities are carried on the balance sheet at their fair market value as a component of other
noncurrent assets. The following marketable equity securities as of February 2, 2002 and February 3, 2001 have been
classified as available-for-sale securities:
Gemstar Indigo Books & Music, Inc.
International Ltd. (formerly Chapters Inc.) Total
Carrying value $ 2 7,1 3 7 8,294 3 5 , 4 3 1
Fiscal 1999 unrealized losses ( 1,684 ) ( 353 ) ( 2 , 0 37 )
Fiscal 2000 unrealized losses (6 , 974) ( 1 , 0 1 9) ( 7,993 )
Market value at February 3, 2001 1 8 , 47 9 6 , 9 22 2 5 , 4 0 1
Partial sale of investment -- ( 4 ,78 6 ) ( 4 ,78 6 )
Fiscal 2001 unrealized losses ( 1 1 , 5 9 8 ) ( 1,504 ) ( 1 3 ,1 0 2 )
Market value at February 2, 2002 $ 6 , 8 8 1 632 7, 51 3
7. NET EARNINGS (LOSS) PER SHARE
Following is a reconciliation of net earnings (loss) and weighted average common shares outstanding for purposes of
calculating basic and diluted net earnings per share:
2001 (a) 2000 (b) 1999
Basic net earnings (loss) per shar e
Net earnings (loss) $ 6 3 , 9 67 ( 51,966 ) 124,498
Weighted average common shares outstanding 66,393,000 64,341,000 69,005,000
Basic net earnings (loss) per shar e $ 0.96 (0.81) 1.80
Diluted net earnings (loss) per share
Net earnings (loss) $ 6 3 , 9 67 ( 51,966 ) 124,498
After-tax equivalent of interest expense on 5.25% convertible subordinated notes 8 , 8 2 1 -- --
Earnings (loss) for purposes of computing diluted net earnings (loss) per share $ 7 2 ,78 8 ( 51,966) 124,498
Weighted average common shares outstanding 66,393,000 64,341,000 69,005,000
Dilutive stock options 3 , 2 07,000 -- 2,349,000
Weighted average assumed conversion of 5.25% convertible subordinated notes 8 , 23 9 , 0 0 0 -- --
Weighted average shares outstanding for purposes of
computing diluted net earnings (loss) per shar e 77,839,000 64,341,000 71,354,000
Diluted net earnings (loss) per share $ 0.94 (0.81 ) 1.75
( a ) The effect of GameStop stock options are not dilutive.
( b ) Fiscal 2000 excludes the effect of the dilutive stock options. Inclusion of stock options would have an antidilutive effect on loss per share.
N O T E S T O C O N S O L I D A T E D F I N A N C I A L S T A T E M E N T S c o n t i n u e d
32