Earnings (Loss) Per Share

9 Months Ended

Jan. 28, 2012

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

(5) Earnings (Loss) per Share

In accordance with ASC 260-10-45, Share-Based Payment Arrangements and Participating Securities and the Two-Class Method, the Company's unvested restricted shares, unvested restricted stock units and shares issuable under the Company's deferred compensation plan are considered participating securities. During periods of net income, the calculation of earnings per share for common stock are reclassified to exclude the income attributable to unvested restricted shares, unvested restricted stock units and shares issuable under the Company's deferred compensation plan from the numerator and exclude the dilutive impact of those shares from the denominator. Diluted earnings per share for the 13 weeks ended January 28, 2012 and January 29, 2011 was calculated using the two-class method for stock options, restricted stock and restricted stock units, and the if-converted method for the preferred stock.

During periods of net loss, no effect is given to the participating securities because they do not share in the losses of the Company. Due to the net loss during the 39 weeks ended January 28, 2012 and January 29, 2011, participating securities in the amounts of 3,476,296 and 3,227,690, respectively, were excluded from the calculation of loss per share using the two-class method because the effect would be antidilutive. The Company's outstanding stock options were also excluded from the calculation of loss per share using the two-class method because the effect would be antidilutive.

The following is a reconciliation of the Company's basic and diluted loss per share calculation:

	13 weeks ended						39 weeks ended
	January 28, 2012			January 29, 2011			January 28, 2012			January 29, 2011
Numerator for basic income (loss) per share:
Net income (loss) attributable to Barnes & Noble, Inc.	$	52,031			60,583		$	(11,138	)		(14,503	)
Accrual of preferred stock dividends		(3,963	)		—			(7,081	)		—
Accretion of dividends on preferred stock		(316	)		—			(578	)		—
Less allocation of earnings and dividends to participating securities		(2,735	)		(3,329	)		—			—
Net income (loss) available to common shareholders	$	45,017			57,254		$	(18,797	)		(14,503	)
Numerator for diluted income (loss) per share:
Net income (loss) available to common shareholders	$	45,017			57,254		$	(18,797	)		(14,503	)
Accrual of preferred stock dividends		3,963			—			—			—
Accretion of dividends on preferred stock		316			—			—			—
Effect of dilutive options		3			6			—			—
Net income (loss) available to common shareholders	$	49,299			57,260		$	(18,797	)		(14,503	)
Denominator for basic income (loss) per share:
Basic weighted average common shares		57,371			56,894			57,261			56,457
Denominator for diluted income (loss) per share:
Basic weighted average common shares		57,371			56,894			57,261			56,457
Preferred shares		12,000			—			—			—
Average dilutive options		76			142			—			—
Diluted weighted average common shares		69,447			57,036			57,261			56,457
Basic income (loss) per common share
Net income (loss) attributable to Barnes & Noble, Inc. available for common shareholders	$	0.78			1.01		$	(0.33	)		(0.26	)
Diluted income (loss) per common share
Net income (loss) attributable to Barnes & Noble, Inc. available for common shareholders	$	0.71			1.00		$	(0.33	)		(0.26	)