Barnes and Noble 2001 Annual Report Download - page 45

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21. SELECTED QUA RT E R LY FINANCIAL INFO R M ATION (UNAUDITED)
A summary of quarterly financial information for each of the last two fiscal years is as follows:
Fiscal 2001 Quarter End April July October January Total Fiscal
On or About 2001 2001 2001 2002 Year 2001
Sales $ 1 , 0 0 9 , 6 37 1 , 0 5 0 , 0 1 8 995,605 1 , 8 15 ,1 3 0 4,870,390
Gross profit $ 2 5 9 , 0 51 2 7 5 ,322 2 61,7 9 4 5 1 4,1 8 5 1 , 3 1 0, 3 5 2
Equity in net loss of Barnes & Noble.com (a) $ ( 14 , 3 1 5 ) ( 13,906 ) ( 13,865 ) ( 46,292 ) ( 8 8 , 37 8 )
Net earnings (loss) (b) $ (1 1 ,492) ( 1,690 ) ( 6,806 ) 8 3,955 6 3 , 9 67
Earnings (loss) per common share
Basic $ ( 0.18) ( 0.03 ) ( 0.10) 1.25 0.96
Diluted $ ( 0.18) ( 0.03 ) ( 0.10) 1.09 0.94
Fiscal 2000 Quarter End April July October January Total Fiscal
On or About 2000 2000 2000 2001 Year 2000
Sales $ 8 9 4 , 2 5 6 9 24,330 9 51,834 1,605,384 4,375,804
Gross profit $ 24 0 ,089 24 8 , 0 67 2 5 8 , 8 7 1 459,053 1 ,206,080
Equity in net loss of Barnes & Noble.com (a) $ ( 1 7,598 ) ( 17,940) ( 1 8 , 9 0 1) ( 4 9 , 4 97 ) ( 1 0 3 , 9 36 )
Net loss (c) $ ( 4 ,1 4 4) (8,646) (5 ,1 77) ( 33,999 ) ( 5 1 ,966)
Loss per common share $ ( 0.06 ) ( 0.13) ( 0.08 ) (0.52 ) (0.81 )
(a) Based on varying ownership interests as more fully discussed in Note 8 of the Notes to Consolidated Financial Statements.
(b) In the first quarter of fiscal 2001, the Company recorded $4,500 ($2,633 after taxes or $0.03 per share) to operating earnings for
legal and settlement expenses.
(c) In the fourth quarter of fiscal 2000, the Company recorded a non-cash charge of $106,833 ($92,440 after taxes or $1.44 per share)
to operating earnings as more fully discussed in Note 15 of the Notes to Consolidated Financial Statements.
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
2 0 0 1 A n n u a l R e p o r t ■B a r n e s & N o b l e , I n c .
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