Barnes and Noble 2003 Annual Report Download - page 42

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A reconciliation of operating profit from reportable segments to earnings before taxes and minority interest in the
consolidated financial statements is as follows:
Fiscal Year 2003 2002 2001
Reportable segments operating profit $ 330,290 264,112 245,787
Interest, net ( 20,140 ) ( 21,506 ) ( 36,334 )
Equity in net loss of Barnes & Noble.com (14,311 ) ( 26,795 ) ( 88,378 )
Other expense -- (16,498 ) ( 11,730 )
Consolidated earnings before income taxes
and minority interest $ 295,839 199,313 109,345
14. COMPREHENSIVE EARNINGS (LOSS)
Comprehensive earnings are net earnings, plus certain other items that are recorded directly to shareholders’ equity, as
follows:
Fiscal Year 2003 2002 2001
Net earnings $ 151,853 99,948 63,967
Other comprehensive earnings (loss):
Foreign currency translation adjustments 296 -- --
Unrealized gain (loss) on available-for-sale securities (net of deferred
tax expense (benefit) of $88, ($1,292) and ($5,437), respectively) 128 (1,859 ) ( 7,665 )
Less: reclassification adjustment (net of deferred income tax
expense of $0, $10,465 and $395, respectively) -- 14,809 556
128 12,950 (7,109 )
Unrealized loss on derivative instrument (net of deferred
tax of $2, $931 and $936, respectively) 3 1,316 (1,320 )
Minimum pension liability (net of deferred tax
expense (benefit) of $1,416 and ($7,429), respectively) 2,058 (11,027 ) --
Total comprehensive earnings $ 154,338 103,187 55,538
[NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS continued ]
41
2003 Annual Report Barnes & Noble, Inc.