Barnes and Noble 2008 Annual Report Download - page 19

eff ect, if any, that the adoption of SFAS 141R will have
on its fi nancial position, results of operations and cash
fl ows.
In April 2008, the FASB issued FASB Staff Position
No. FAS 142-3, Determination of the Useful Life of
Intangible Assets (FSP No. FAS 142-3), which amends the
factors an entity should consider in developing renewal
or extension assumptions used in determining the useful
lives of recognized intangible assets. FSP No. FAS 142-3
is eff ective for fi scal years beginning after December 15,
2008. The Company is currently evaluating the eff ect, if
any, that the adoption of FSP No. FAS 142-3 will have on
its fi nancial position, results of operations and cash fl ows.
In June 2008, the FASB issued FASB Staff Position
No. EITF 03-6-1, Determining Whether Instruments
Granted in Share-Based Payment Transactions Are
Participating Securities (FSP No. EITF 03-6-1), which
classifi es unvested share-based payment awards that
contain nonforfeitable rights to dividends or dividend
equivalents (whether paid or unpaid) as participating
securities and requires them to be included in the com-
putation of earnings per share pursuant to the two-class
method described in SFAS No. 128, Earnings per Share.
This Staff Position is eff ective for fi nancial statements
issued for fi scal years beginning after December 15,
2008, and interim periods within those years. All
prior-period earnings per share data presented are to
be adjusted retrospectively (including interim fi nan-
cial statements, summaries of earnings, and selected
fi nancial data) to conform with the provisions of this
Staff Position, with early application not permitted. The
Company is currently evaluating the eff ect, if any, that
the adoption of FSP No. EITF 03-6-1 will have on its
fi nancial position, results of operations and cash fl ows.
Disclosure Regarding Forward-Looking Statements
This report may contain certain forward-looking
statements (within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934) 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
risks associated with data privacy and information secu-
rity, 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 and other initiatives such as Barnes & Noble.com,
the performance and successful integration of acquired
businesses, the success of the Company’s strategic
investments, unanticipated increases in merchandise or
occupancy costs, unanticipated adverse litigation results
or eff ects, the results or eff ects of any governmental
review of the Company’s stock option practices, product
shortages, and other factors which may be outside of the
Company’s control, including those factors discussed in
detail in Item 1A, “Risk Factors,” in the Company’s Form
10-K for the fi scal year ended January 31, 2009, and in
the Company’s other fi lings made from time to time with
the Securities and Exchange Commission. Should one
or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, 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. The Company undertakes no obligation to
publicly update or revise any forward-looking state-
ments, whether as a result of new information, future
events or otherwise after the date of this Annual Report.
18 Barnes & Noble, Inc. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS continued