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13 weeks ended January 28, 2012
Statement of Operations Data:
(In thousands, except per share data)
As Previously
Reported Corrections Restated
Sales $ 2,439,124 — $ 2,439,124
Cost of sales and occupancy 1,786,308 (1,427) 1,784,881
Gross profit 652,816 1,427 654,243
Selling and administrative expenses 502,870 — 502,870
Depreciation and amortization 60,273 — 60,273
Operating income 89,673 1,427 91,100
Interest expense, net and amortization of deferred financing fees (8,773) — (8,773)
Income before income taxes 80,900 1,427 82,327
Income taxes (benefit) 28,869 569 29,438
Net income $ 52,031 858 $ 52,889
Diluted earnings per common share
Net income $ 0.71 0.01 $ 0.72
13 weeks ended April 28, 2012
Statement of Operations Data:
(In thousands, except per share data)
As Previously
Reported Corrections Restated
Sales $ 1,379,710 — $ 1,379,710
Cost of sales and occupancy 980,932 (1,849) 979,083
Gross profit 398,778 1,849 400,627
Selling and administrative expenses 409,832 — 409,832
Depreciation and amortization 58,968 — 58,968
Operating income (loss) (70,022) 1,849 (68,173)
Interest expense, net and amortization of deferred financing fees (8,629) — (8,629)
Income (loss) before income taxes (78,651) 1,849 (76,802)
Income taxes (benefit) (20,922) 738 (20,184)
Net income (loss) $ (57,729) 1,111 $ (56,618)
Diluted income (loss) per common share
Net income (loss) $ (1.08) 0.02 $ (1.06)
68 Barnes & Noble, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued