Barnes and Noble 2015 Annual Report Download - page 35

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CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data) Fiscal 2015 Fiscal 2014 Fiscal 2013
Sales $ 6,069,497 6,381,357 6,839,005
Cost of sales and occupancy 4,196,998 4,523,422 5,156,499
Gross profit 1,872,499 1,857,935 1,682,506
Selling and administrative expenses 1,545,152 1,606,936 1,675,376
Depreciation and amortization 194,174 216,807 227,134
Operating income (loss) 133,173 34,192 (220,004)
Interest expense, net and amortization of deferred financing fees (17,890) (29,507) (35,345)
Income (loss) before income taxes 115,283 4,685 (255,349)
Income taxes (benefit) 78,687 51,953 (97,543)
Net income (loss) $ 36,596 (47,268) (157,806)
Income (loss) per common share
Basic $ 0.21 (1.12) (3.02)
Diluted $ 0.21 (1.12) (3.02)
Weighted average common shares outstanding
Basic 60,842 58,971 58,247
Diluted 60,928 58,971 58,247
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In thousands) Fiscal 2015 Fiscal 2014 Fiscal 2013
Net income (loss) $ 36,596 (47,268) (157,806)
Other comprehensive earnings (loss), net of tax:
(Increase) decrease in minimum pension liability (net of deferred tax
benefit (expense) of $1,896, $(3,001) and $38, respectively) (12,077) 4,919 (57)
Pension reclassification (see Note 8) 7,317 — —
Total comprehensive income (loss) $ 31,836 (42,349) (157,863)
See accompanying notes to consolidated financial statements.
2015 Annual Report 33