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OTHER COMPREHENSIVE EARNINGS (LOSS), NET OF TAX10.
Comprehensive earnings are net earnings, plus certain other items that are recorded directly to shareholders’ equity, as
follows:
FISCAL YEAR 2007 2006 2005
Net earnings $ 135,799 150,527 146,681
OTHER COMPREHENSIVE EARNINGS (LOSS), NET OF TAX:
Foreign currency translation adjustments $ 73 843 (457)
Decrease (increase) in minimum pension liability (net of deferred tax
expense (benefi t) of ($1,674), $788 and $845, respectively) (2,510) 1,156 1,229
Total comprehensive earnings $ 133,362 152,526 147,453
The components of Accumulated Other Comprehensive Loss are as follows:
FOREIGN CURRENCY
TRANSLATION
MINIMUM PENSION
LIABILITY
ACCUMULATED OTHER
COMPREHENSIVE LOSS
Balance at January 29, 2005 $ 277 (10,134) (9,857)
Change during period (457) 1,229 772
Balance at January 28, 2006 (180) (8,905) (9,085)
Change during period 843 1,156 1,999
Balance at February 3, 2007 663 (7,749) (7,086)
Change during period 73 (2,510) (2,437)
Balance at February 2, 2008 $ 736 (10,259) (9,523)
CHANGES IN INTANGIBLE ASSETS AND GOODWILL11.
AS OF FEBRUARY 2, 2008
GROSS CARRYING
AMOUNT
ACCUMULATED
AMORTIZATION TOTAL
AMORTIZABLE INTANGIBLE ASSETS
Author contracts $ 18,461 (9,197) $ 9,264
Distribution contractsa8,325 (723) 7,602
Customer lists and relationships 7,700 (7,688) 12
D&O Insurance 3,202 (1,954) 1,248
$ 37,688 (19,562) $ 18,126
UNAMORTIZABLE INTANGIBLE ASSETS
Trade name $ 48,400
Copyrights 124
Publishing contracts 21,336
$ 69,860
a During the third quarter of fi scal 2007, the Company reevaluated the categorization of distribution contracts based on the recently observed rate
of contract retention and reclassifi ed certain of these contracts having a recorded value of $8,325 from an unamortizable intangible asset to an
amortizable intangible asset. Such distribution contracts were tested for impairment prior to the reclassifi cation and the Company determined that
no impairment charge was necessary.
OTHER COMPREHENSIVE EARNINGS (LOSS), NET OF TAX10.
Comprehensive earnings are net earnings, plus certain other items that are recorded directly to shareholders’ equity, as
follows:
FISCAL YEAR 2007 2006 2005
Net earnings $ 135,799 150,527 146,681
OTHER COMPREHENSIVE EARNINGS (LOSS), NET OF TAX:
Foreign currency translation adjustments 73 843 (457)
Decrease (increase) in minimum pension liability (net of deferred tax
expense (benefit) of ($1,674), $788 and $845, respectively) (2,510) 1,156 1,229
Total comprehensive earnings $ 133,362 152,526 147,453
The components of Accumulated Other Comprehensive Loss are as follows:
FOREIGN CURRENCY
TRANSLATION
MINIMUM PENSION
LIABILITY
ACCUMULATED OTHER
COMPREHENSIVE LOSS
Balance at January 29, 2005 $ 277 (10,134) $ (9,857)
Change during period (457) 1,229 772
Balance at January 28, 2006 (180) (8,905) (9,085)
Change during period 843 1,156 1,999
Balance at February 3, 2007 663 (7,749) (7,086)
Change during period 73 (2,510) (2,437)
Balance at February 2, 2008 $ 736 (10,259) $ (9,523)
CHANGES IN INTANGIBLE ASSETS AND GOODWILL11.
AS OF FEBRUARY 2, 2008
GROSS CARRYING
AMOUNT
ACCUMULATED
AMORTIZATION TOTAL
AMORTIZABLE INTANGIBLE ASSETS
Author contracts $ 18,461 (9,197) $ 9,264
Distribution contractsa8,325 (723) 7,602
Customer lists and relationships 7,700 (7,688) 12
D&O Insurance 3,202 (1,954) 1,248
$ 37,688 (19,562) $ 18,126
UNAMORTIZABLE INTANGIBLE ASSETS
Trade name $ 48,400
Copyrights 124
Publishing contracts 21,336
$ 69,860
a During the third quarter of fiscal 2007, the Company reevaluated the categorization of distribution contracts based on the recently observed rate
of contract retention and reclassified certain of these contracts having a recorded value of $8,325 from an unamortizable intangible asset to an
amortizable intangible asset. Such distribution contracts were tested for impairment prior to the reclassification and the Company determined that
no impairment charge was necessary.
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