Barnes and Noble 2006 Annual Report Download - page 22

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to uncertain income tax positions. FIN  is eff ective
for fi scal years beginning after December , . The
Company is currently evaluating the impact of adopt-
ing FIN ; however, the Company does not expect
the adoption of FIN  to have a material eff ect on its
fi nancial position, results of operations or cash fl ows.
Disclosure Regarding Forward-Looking Statements
This report may contain certain forward-looking
statements (within the meaning of Section A of the
Securities Act of  and Section E of the Securities
Exchange Act of ) and information relating to the
Company that are based on the beliefs of the manage-
ment of the Company as well as assumptions made by
and information currently available to the management
of the Company. When used in this report, the words
“anticipate,” “believe,” “estimate,” “expect,” “intend,”
“plan” and similar expressions, as they relate to the
Company or the management of the Company, identify
forward-looking statements. Such statements refl ect
the current views of the Company with respect to future
events, the outcome of which is subject to certain
risks, including among others general economic and
market conditions, decreased consumer demand for
the Company’s products, possible disruptions in the
Company’s computer or telephone systems, possible
work stoppages or increases in labor costs, possible
increases in shipping rates or interruptions in shipping
service, eff ects of competition, possible disruptions
or delays in the opening of new stores or the inability
to obtain suitable sites for new stores, higher-than-
anticipated store closing or relocation costs, higher
interest rates, the performance of the Company’s online
initiatives such as Barnes & Noble.com, the performance
and successful integration of acquired businesses, the
successful and timely completion and integration of
the Company’s new distribution center, the success of
the Company’s strategic investments, unanticipated
increases in merchandise or occupancy costs, unan-
ticipated adverse litigation results or eff ects, the results
or eff ects of the Special Committee and Securities
Exchange Commission reviews of the Company’s stock
option practices currently being conducted, and other
factors which may be outside of the Company’s control.
Should one or more of these risks or uncertainties mate-
rialize, or should underlying assumptions prove incor-
rect, actual results or outcomes may vary materially from
those described as anticipated, believed, estimated,
expected, intended or planned. Subsequent written
and oral forward-looking statements attributable to the
Company or persons acting on its behalf are expressly
qualifi ed in their entirety by the cautionary statements
in this paragraph.
20 Barnes & Noble, Inc. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS continued