XML 51 R40.htm IDEA: XBRL DOCUMENT v3.24.2.u1
BUSINESS COMBINATION - Narrative (Details)
3 Months Ended 6 Months Ended
Jun. 10, 2024
USD ($)
$ / shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Number
$ / shares
shares
Jun. 30, 2023
USD ($)
BUSINESS COMBINATION          
Deferred tax assets   $ 700,000   $ 700,000  
Deferred tax liability   $ 1,300,000   $ 1,300,000  
Barnes and Noble Education, Inc. [Member]          
BUSINESS COMBINATION          
Description of reverse stock split 1-for-100        
Fair value of the noncontrolling interest $ 203,657,000        
Acquisition-date fair value (in dollars per share) | $ / shares $ 13.4        
Total consideration transferred $ 50,133,000        
Deferred tax liability $ 636,000        
Barnes and Noble Education, Inc. [Member] | Securities Purchase and Debt Conversion Agreement          
BUSINESS COMBINATION          
Number of existing directors | Number       2  
Business Acquisition, Percentage of Voting Interests Acquired   42.00%   42.00%  
Number of Directors appointed in board | Number       5  
Total consideration transferred       $ 50,100,000  
Cash consideration paid       52,200,000  
Business Acquisition, Transaction costs incurred   $ 2,100,000   2,100,000  
Business Acquisition, Acquisition related costs incurred       1,200,000  
Net operating revenue   47,000,000   47,000,000  
Net loss   14,100,000   14,100,000  
Business Acquisition, Direct and incremental acquisition-related expenses excluded from pro forma net loss   1,200,000   1,200,000  
One-time severance payment excluded from pro forma net loss   $ 1,500,000   $ 1,500,000  
Business Acquisition, Direct and incremental acquisition-related expenses included in the pro forma net loss     $ 1,200,000   $ 1,200,000
One-time severance payment included in the pro forma net loss     $ 1,500,000   $ 1,500,000
Percentage of discounted cash flows used to estimate the fair value of the intangible assets acquired   21.00%   21.00%  
Barnes and Noble Education, Inc. [Member] | Securities Purchase and Debt Conversion Agreement | Rights Offering          
BUSINESS COMBINATION          
Number of common shares authorized to be purchased to existing stock holders upon non-transferable subscription rights | shares   9,000,000   9,000,000  
Acquisition-date fair value (in dollars per share) | $ / shares   $ 5   $ 5  
Payments to Acquire Businesses, Gross       $ 45,000,000  
Business Acquisition, Transaction Costs   $ 2,450,000   2,450,000  
Gross proceeds from issuance of common stock by acquiree       95,000,000  
Repayment of debt by acquiree       80,700,000  
Barnes and Noble Education, Inc. [Member] | Securities Purchase and Debt Conversion Agreement | Toro 18 Holdings LLC | Rights Offering          
BUSINESS COMBINATION          
Payments to Acquire Businesses, Gross       $ 45,000,000  
Number of shares issued by acquiree | shares       9,000,000  
Business Acquisition, Transaction Costs   $ 2,450,000   $ 2,450,000  
Barnes and Noble Education, Inc. [Member] | Securities Purchase and Debt Conversion Agreement | Backstop Commitment | Toro 18 Holdings LLC | Rights Offering          
BUSINESS COMBINATION          
Payments to Acquire Businesses, Gross       $ 10,033,507  
Number of shares issued by acquiree | shares       2,006,701