Barnes and Noble 2011 Annual Report Download - page 57

this segment includes the development and support of
the Company’s NOOK™ product off ering. These products
enable customers to buy and read eBooks on the widest
range of platforms, including NOOK™ eBook Readers,
devices from partner companies, and hundreds of the most
popular mobile and computing devices using free NOOK™
software.
Summarized fi nancial information concerning the
Company’s reportable segments is presented below:
Sales
52 weeks
ended
April 30,
2011
52 weeks
ended
May 1, 2010
13 weeks
ended
May 2, 2009
52 weeks
ended
January 31,
2009
B&N Retail $ 4,364,246 $ 4,401,343 $ 1,012,077 $ 4,652,666
B&N Collegea 1,776,223 833,648 — —
B&N.com 858,096 572,763 93,075 469,138
Total $ 6,998,565 $ 5,807,754 $ 1,105,152 $ 5,121,804
Depreciation and
Amortization
52 weeks
ended
April 30,
2011
52 weeks
ended
May 1, 2010
13 weeks
ended
May 2, 2009
52 weeks
ended
January 31,
2009
B&N Retail $ 157,528 $ 157,663 $ 41,246 $ 154,304
B&N Collegea 43,148 24,863 — —
B&N.com 27,971 25,248 4,633 19,253
Total $ 228,647 $ 207,774 $ 45,879 $ 173,557
Operating Profi t/
(Loss)
52 weeks
ended
April 30,
2011
52 weeks
ended
May 1, 2010
13 weeks
ended
May 2, 2009
52 weeks
ended
January 31,
2009
B&N Retail $ 90,984 $ 179,231 $ 9,003 $ 177,570
B&N Collegea 76,293 76 — —
B&N.com (232,536) (106,061) (12,247) (34,239)
Total $ (65,259) $ 73,246 $ (3,244) $ 143,331
Capital
Expenditures
52 weeks
ended
April 30,
2011
52 weeks
ended
May 1, 2010
13 weeks
ended
May 2, 2009
52 weeks
ended
January 31,
2009
B&N Retail $ 51,924 $ 83,723 $ 17,855 $ 178,210
B&N Collegea 35,004 13,716 — —
B&N.com 23,574 30,340 4,967 13,943
Total $ 110,502 $ 127,779 $ 22,822 $ 192,153
Total Assets
As of April
30, 2011
As of May 1,
2010
As of May 2,
2009
As of
January 31,
2009
B&N Retail $ 2,331,631 $ 2,467,352 $ 2,320,082 $ 2,516,060
B&N Collegea 979,457 943,989 — —
B&N.com 285,378 294,345 344,197 361,804
Total $ 3,596,466 $ 3,705,686 $ 2,664,279 $ 2,877,864
a Includes only the fi nancial information of B&N College since the date
of the Acquisition on September 30, 2009.
A reconciliation of operating profi t from reportable seg-
ments to income (loss) from continuing operations before
taxes in the consolidated fi nancial statements is as follows:
52 weeks
ended April
30, 2011
52 weeks
ended May
1, 2010
13 weeks
ended May
2, 2009
52 weeks
ended
January 31,
2009
Reportable
segments operating
profi t $ (65,259) $ 73,246 $ (3,244) $ 143,331
Interest income
(expense), net (57,350) (28,237) (199) (2,344)
Consolidated
income (loss)
from continuing
operations before
taxes $ (122,609) $ 45,009 $ (3,443) $ 140,987
20. LEGAL PROCEEDINGS
The Company is involved in a variety of claims, suits,
investigations and proceedings that arise from time to time
in the ordinary course of its business, including actions
with respect to contracts, intellectual property, taxation,
employment, benefi ts, securities, personal injuries and
other matters. The results of these proceedings in the ordi-
nary course of business are not expected to have a material
adverse eff ect on the Company’s consolidated fi nancial
position or results of operations.
The following is a discussion of the material legal matters
involving the Company.
In re Initial Public Offering Securities Litigation
This class action lawsuit, fi led in April 2002 (the Action),
named over one thousand individuals and 300 corpora-
tions, including Fatbrain.com, LLC (“Fatbrain”), a former
subsidiary of Barnes & Noble.com, and its former offi cers
and directors. The amended complaints in the Action all
allege that the initial public off ering registration state-
ments fi led by the defendant issuers with the Securities and
Exchange Commission, including the one fi led by Fatbrain,
were false and misleading because they failed to disclose
2011 Annual Report 55