Barnes and Noble 2011 Annual Report Download - page 30

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CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data) Fiscal 2011 Fiscal 2010
13 weeks
ended
May 2, 2009 Fiscal 2008
Sales $ 6,998,565 5,807,754 1,105,152 5,121,804
Cost of sales and occupancy 5,205,712 4,131,009 773,491 3,540,596
Gross profi t 1,792,853 1,676,745 331,661 1,581,208
Selling and administrative expenses 1,629,384 1,392,207 286,554 1,251,524
Depreciation and amortization 228,647 207,774 45,879 173,557
Pre-opening expenses 81 3,518 2,472 12,796
Operating profi t (loss) (65,259) 73,246 (3,244) 143,331
Interest income (expense), net and amortization of deferred
fi nancing fees (57,350) (28,237) (199) (2,344)
Earnings (loss) from continuing operations before taxes (122,609) 45,009 (3,443) 140,987
Income taxes (48,652) 8,365 (1,374) 55,591
Earnings (loss) from continuing operations (net of income tax) (73,957) 36,644 (2,069) 85,396
Earnings (loss) from discontinued operations (net of income tax) —— (654) (9,506)
Net earnings (loss) (73,957) 36,644 (2,723) 75,890
Net loss attributable to noncontrolling interests 37 32 30 30
Net earnings (loss) attributable to Barnes & Noble, Inc. $ (73,920) 36,676 (2,693) 75,920
Earnings (loss) attributable to Barnes & Noble, Inc.
Earnings (loss) from continuing operations $ (73,957) 36,644 (2,069) 85,396
Less loss attributable to noncontrolling interests 37 32 30 30
Net earnings (loss) from continuing operations attributable to
Barnes & Noble, Inc. $ (73,920) 36,676 (2,039) 85,426
Basic earnings (loss) per common share
Earnings (loss) from continuing operations attributable to Barnes &
Noble, Inc. $ (1.31) 0.64 (0.04) 1.50
Earnings (loss) from discontinued operations attributable to Barnes
& Noble, Inc. — — (0.01) (0.17)
Net earnings (loss) attributable to Barnes & Noble, Inc. $ (1.31) 0.64 (0.05) 1.33
Diluted earnings (loss) per common share
Earnings (loss) from continuing operations attributable to Barnes &
Noble, Inc. $ (1.31) 0.63 (0.04) 1.46
Earnings (loss) from discontinued operations attributable to Barnes
& Noble, Inc. — — (0.01) (0.17)
Net earnings (loss) attributable to Barnes & Noble, Inc. $ (1.31) 0.63 (0.05) 1.29
Weighted average common shares outstanding
Basic 56,588 55,344 54,759 55,207
Diluted 56,588 56,153 54,759 56,529
See accompanying notes to consolidated fi nancial statements.
28 Barnes & Noble, Inc.