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13 weeks ended October 27, 2012
Statement of Operations Data:
(In thousands, except per share data)
As Previously
Reported Corrections Restated
Sales $ 1,884,532 — $ 1,884,532
Cost of sales and occupancy 1,404,034 (1,791) 1,402,243
Gross profit 480,498 1,791 482,289
Selling and administrative expenses 415,747 — 415,747
Depreciation and amortization 57,613 — 57,613
Operating income 7,138 1,791 8,929
Interest expense, net and amortization of deferred financing fees 8,122 — 8,122
Income (loss) before income taxes (benefit) (984) 1,791 807
Income taxes (benefit) (409) 715 306
Net income (loss) $ (575) 1,076 $ 501
Diluted income (loss) per common share
Net income (loss) $ (0.09) 0.02 $ (0.07)
13 weeks ended January 26, 2013
Statement of Operations Data:
(In thousands, except per share data)
As Previously
Reported Corrections Restated
Sales $ 2,223,945 — $ 2,223,945
Cost of sales and occupancy 1,674,384 (3,951) 1,670,433
Gross profit 549,561 3,951 553,512
Selling and administrative expenses 494,094 — 494,094
Depreciation and amortization 55,761 — 55,761
Operating income (loss) (294) 3,951 3,657
Interest expense, net and amortization of deferred financing fees 8,772 — 8,772
Income (loss) before income taxes (benefit) (9,066) 3,951 (5,115)
Income taxes (benefit) (3,008) 1,576 (1,432)
Net income (loss) $ (6,058) 2,375 $ (3,683)
Diluted income (loss) per common share
Net income (loss) $ (0.18) 0.04 $ (0.14)
66 Barnes & Noble, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued