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23
2005 Annual Report Barnes & Noble, Inc.
[CONSOLIDATED STATEMENTS OF CHANGES
IN SHAREHOLDERS’ EQUITY ]
Accumulated
Additional Other Treasury
Common Paid-In
Comprehensive
Retained Stock at
(In thousands) Stock Capital Loss Earnings Cost Total
Balance at February
1, 2003 $ 73 828,522 (11,064) 373,143 (181,391) 1,009,283
Comprehensive earnings:
Net earnings
— — — 151,775 —
Other comprehensive income, net of tax (See Note
11
):
Foreign currency translation
— — 296 — —
Unrealized gain on available-for-sale securities
— — 128 — —
Unrealized gain on derivative instrument
—— 3——
Minimum pension liability
— — 2,058 — —
Total comprehensive earnings
154,260
Exercise of
5,063
common stock options, including
tax benefits of
$18,724 4 71,816 — — (2,556) 69,264
Exercise of common stock options of subsidiaries, including
tax benefits of
$6,202 — 13,981 — — — 13,981
Treasury stock acquired,
305
shares
— — — — (5,714) (5,714)
Balance at January
31, 2004 77 914,319 (8,579) 524,918 (189,661) 1,241,074
Comprehensive earnings:
Net earnings
— — — 143,376 —
Other comprehensive loss, net of tax (See Note
11
):
Foreign currency translation
— — (19) — —
Unrealized loss on available-for-sale
securities, net of reclassification adjustment
— — (94) — —
Minimum pension liability
— — (1,165) — —
Total comprehensive earnings
142,098
Exercise of
1,875
common stock options, including
tax benefits of
$11,300 2 45,197 — — — 45,199
Exercise of common stock options of subsidiaries,
including tax benefits of
$2,363 — 6,911 — — — 6,911
Restricted stock compensation expense
—48 ———48
Spin-off of GameStop (See Note
2
)
— — — (265,922) — (265,922)
Conversion of subordinated notes (See Note
5
)
— 17,362 — — — 17,362
Change in reporting period of subsidiary (See Note
3
)
— — — (1,532) — (1,532)
Tax adjustments and costs attributable to the sale of
GameStop Class B shares (See Note
2
)
— — — (14,706) — (14,706)
Acquisition of partial interest in a subsidiary
of Calendar Club (See Note
8
)
— 1,772 — — — 1,772
Treasury stock acquired,
200
shares
— — — — (6,362) (6,362)
Balance at January
29, 2005 79 985,609 (9,857) 386,134 (196,023) 1,165,942
Comprehensive earnings:
Net earnings
— — — 146,681 —
Other comprehensive loss, net of tax (See Note
11
):
Foreign currency translation
— — (457) — —
Minimum pension liability
— — 1,229 — —
Total comprehensive earnings
147,453
Exercise of
4,068
common stock options, including
tax benefits of
$39,640 4 101,779 — — — 101,783
Restricted stock compensation expense, including tax benefit of
$64 — 3,630 — — — 3,630
Cash dividends paid to stockholders
— — — (20,221) — (20,221)
Treasury stock acquired,
7,682
shares
— — — — (282,746) (282,746)
Balance at January
28, 2006 83 1,091,018 (9,085) 512,594 (478,769) 1,115,841
See accompanying notes to consolidated financial statements.