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23. SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
A summary of quarterly fi nancial information for fi scal 2011 and fi scal 2010 is as follows:
Fiscal 2011 Quarter Ended On or About July 2010 October 2010 January 2011 April 2011
Total Fiscal
Year 2011
Sales $1,396,570 1,905,577 2,325,199 1,371,220 6,998,565
Gross profi t $ 351,700 450,120 613,672 377,362 1,792,853
Net earnings (loss) attributable to Barnes & Noble, Inc. $ (62,518) (12,568) 60,583 (59,416) (73,920)
Basic earnings (loss) per common share:
Net earnings (loss) attributable to Barnes & Noble, Inc. $ (1.12) (0.22) 1.01 (1.04) (1.31)
Diluted earnings (loss) per common share:
Net earnings (loss) attributable to Barnes & Noble, Inc. $ (1.12) (0.22) 1.00 (1.04) (1.31)
Fiscal 2010 Quarter Ended On or About July 2009 October 2009 January 2010 April 2010a
Total Fiscal
Year 2010
Sales $1,155,681 1,160,569 2,173,243 1,318,261 5,807,754
Gross profi t $ 355,855 342,189 615,671 363,030 1,676,745
Net earnings (loss) attributable to Barnes & Noble, Inc. $ 12,267 (23,957) 80,403 (32,038) 36,676
Basic earnings (loss) per common share:
Net earnings (loss) attributable to Barnes & Noble, Inc. $ 0.22 (0.43) 1.40 (0.58) 0.64
Diluted earnings (loss) per common share:
Net earnings (loss) attributable to Barnes & Noble, Inc. $ 0.21 (0.43) 1.38 (0.58) 0.63
a Included in the 13 weeks ended May 1, 2010 was a physical inventory benefi t of $10.6 million, as results were more favorable than previously estimated
and accrued, and a tax benefi t of $13.7 million due to the recognition of previously unrecognized tax benefi ts for years settled with the applicable tax
authorities.
2011 Annual Report 63