Barnes and Noble 2010 Annual Report Download - page 42

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2. TRANSITION PERIOD
On September 30, 2009, the Company’s fiscal year end changed from the Saturday closest to the last day of January to the
Saturday closest to the last day of April. Accordingly, the Company is presenting audited financial statements for the 13 week
transition period ended May 2, 2009. The following table provides certain unaudited comparative financial information for
the same period of the prior year.
13 Weeks Ended
May 2, 2009
May 3, 2008
(unaudited)
Sales $ 1,105,152 1,155,882
Cost of sales and occupancy 773,491 807,915
Gross profit 331,661 347,967
Selling and administrative expenses 286,554 303,863
Depreciation and amortization 45,879 41,314
Pre-opening expenses 2,472 4,537
Operating loss (3,244) (1,747)
Interest (expense) income, net and amortization of deferred financing fees (199) 807
Loss from continuing operations before taxes (3,443) (940)
Income taxes (1,374) (374)
Loss from continuing operations (net of income tax) (2,069) (566)
Loss from discontinued operations (net of income tax) (654) (1,658)
Net loss (2,723) (2,224)
Net loss attributable to noncontrolling interests 30 —
Net loss attributable to Barnes & Noble, Inc. $ (2,693) (2,224)
Loss attributable to Barnes & Noble, Inc.
Loss from continuing operations $ (2,069) (566)
Less loss attributable to noncontrolling interests 30 —
Net loss from continuing operations attributable to Barnes & Noble, Inc. $ (2,039) (566)
Basic earnings per common share
Loss from continuing operations attributable to Barnes & Noble, Inc. $ (0.04) (0.01)
Loss from discontinued operations attributable to Barnes & Noble, Inc. (0.01) (0.03)
Net loss attributable to Barnes & Noble, Inc. $ (0.05) (0.04)
Diluted earnings per common share
Loss from continuing operations attributable to Barnes & Noble, Inc. $ (0.04) (0.01)
Loss from discontinued operations attributable to Barnes & Noble, Inc. (0.01) (0.03)
Net loss attributable to Barnes & Noble, Inc. $ (0.05) (0.04)
Weighted average common shares outstanding
Basic 54,759 57,614
Diluted 54,759 57,614
Dividends declared per common share $ 0.25 0.15
40 Barnes & Noble, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued