Segment Reporting

9 Months Ended

Jan. 25, 2014

Segment Reporting

(6) Segment Reporting

The Company’s three operating segments are: B&N Retail, B&N College and NOOK.

B&N Retail

This segment includes 663 bookstores as of January 25, 2014, primarily under the Barnes & Noble Booksellers trade name. These stores generally offer a dedicated NOOK^® area, a comprehensive trade book title base, a café, and departments dedicated to Juvenile, Toys & Games, DVDs, Music, Gift, Magazine and Bargain products. The stores also offer a calendar of ongoing events, including author appearances and children’s activities. The B&N Retail segment also includes the Company’s eCommerce website, barnesandnoble.com, and its publishing operation, Sterling Publishing.

B&N College

This segment includes 696 stores as of January 25, 2014 that are primarily operated under contracts by B&N College and include sales of digital content within the higher education marketplace through NOOK Study™. The 696 B&N College stores generally offer new, used, rental and digital textbooks, course-related materials, emblematic apparel and gifts, trade books, computer products, NOOK^® products and related accessories, school and dorm supplies, and convenience and café items.

NOOK

This segment includes the Company’s digital business, including the development and support of the Company’s NOOK^® product offerings. The digital business includes digital content such as eBooks, digital newsstand, apps and sales of NOOK^® devices and accessories to third party distribution partners, B&N Retail and B&N College.

Summarized financial information concerning the Company’s reportable segments is presented below:

Sales by Segment	13 weeks ended						39 weeks ended
	January 25, 2014			January 26, 2013			January 25, 2014			January 26, 2013
B&N Retail	$	1,410,308		$	1,505,151		$	3,339,533		$	3,620,566
B&N College		486,221			517,228			1,449,776			1,510,953
NOOK		156,866			315,965			418,736			668,287
Elimination		(57,605	)		(114,399	)		(148,594	)		(237,822	)
Total	$	1,995,790		$	2,223,945		$	5,059,451		$	5,561,984

Sales by Product Line	13 weeks ended						39 weeks ended
	January 25, 2014			January 26, 2013			January 25, 2014			January 26, 2013
Media (a)		67	%		64	%		68	%		67	%
Digital (b)		9	%		15	%		9	%		13	%
Other (c)		24	%		21	%		23	%		20	%
Total		100	%		100	%		100	%		100	%
Depreciation and Amortization	13 weeks ended						39 weeks ended
	January 25, 2014			January 26, 2013			January 25, 2014			January 26, 2013
B&N Retail	$	31,975		$	35,107		$	96,193		$	115,029
B&N College		11,895			11,479			35,271			35,053
NOOK		10,486			9,175			31,575			21,327
Total	$	54,356		$	55,761		$	163,039		$	171,409
Operating Profit (Loss)	13 weeks ended						39 weeks ended
	January 25, 2014			January 26, 2013			January 25, 2014			January 26, 2013
B&N Retail	$	167,639		$	180,801		$	204,757		$	207,536
B&N College		23,354			22,434			65,200			72,615
NOOK		(72,277	)		(199,578	)		(193,200	)		(319,850	)
Total	$	118,716		$	3,657		$	76,757		$	(39,699	)
Capital Expenditures	13 weeks ended						39 weeks ended
	January 25, 2014			January 26, 2013			January 25, 2014			January 26, 2013
B&N Retail	$	11,319		$	9,132		$	45,699		$	31,998
B&N College		7,285			6,230			28,359			29,752
NOOK		7,437			28,780			22,120			49,345
Total	$	26,041		$	44,142		$	96,178		$	111,095

Total Assets (d)	January 25,		January 26,
	2014		2013
B&N Retail	$	2,279,609	$	2,295,020
B&N College		1,526,698		1,360,152
NOOK		334,870		685,122
Total	$	4,141,177	$	4,340,294

(a) Includes tangible books, music, movies, rentals and newsstand.

(b) Includes NOOK^®, related accessories, eContent and warranties.

(c) Includes Toys & Games, café products, college apparel, gifts and miscellaneous other.

(d) Excludes intercompany balances.

A reconciliation of operating income (loss) from reportable segments to income (loss) from operations before taxes in the consolidated financial statements is as follows:

	13 weeks ended					39 weeks ended
	January 25, 2014		January 26, 2013			January 25, 2014		January 26, 2013
Reportable segments operating profit (loss)	$	118,716	$	3,657		$	76,757	$	(39,699	)
Interest, net		7,761		8,772			22,868		25,835
Consolidated income (loss) before taxes	$	110,955	$	(5,115	)	$	53,889	$	(65,534	)