Segment Reporting

6 Months Ended

Oct. 31, 2015

Segment Reporting

10. Segment Reporting

The Company’s two operating segments are: B&N Retail and NOOK.

B&N Retail

This segment includes 647 bookstores as of October 31, 2015, primarily under the Barnes & Noble Booksellers trade name. These Barnes & Noble 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, www.barnesandnoble.com, and its publishing operation, Sterling Publishing.

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 B&N Retail.

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

Sales by Segment	13 weeks ended						26 weeks ended
	October 31, 2015			November 1, 2014			October 31, 2015			November 1, 2014
B&N Retail	$	860,705			888,159		$	1,799,703			1,842,966
NOOK		43,496			63,866			97,831			133,893
Elimination		(9,547	)		(15,481	)		(24,321	)		(29,962	)
Total	$	894,654			936,544		$	1,873,213			1,946,897

Sales by Product Line	13 weeks ended						26 weeks ended
	October 31, 2015			November 1, 2014			October 31, 2015			November 1, 2014
Media (a)		71%			71%			72%			72%
Digital (b)		5%			7%			6%			8%
Other (c)		24%			22%			22%			20%
Total		100%			100%			100%			100%
Depreciation and Amortization	13 weeks ended						26 weeks ended
	October 31, 2015			November 1, 2014			October 31, 2015			November 1, 2014
B&N Retail	$	26,446			26,968		$	51,226			54,372
NOOK		8,618			9,986			17,491			20,307
Total	$	35,064			36,954		$	68,717			74,679
Operating Profit (Loss)	13 weeks ended						26 weeks ended
	October 31, 2015			November 1, 2014			October 31, 2015			November 1, 2014
B&N Retail	$	(25,662	)		(2,756	)	$	(5,138	)		34,830
NOOK		(29,897	)		(46,381	)		(56,106	)		(60,823	)
Total	$	(55,559	)		(49,137	)	$	(61,244	)		(25,993	)

Capital Expenditures	13 weeks ended				26 weeks ended
	October 31, 2015		November 1, 2014		October 31, 2015		November 1, 2014
B&N Retail	$	24,780		19,376	$	44,545		35,284
NOOK		3,254		4,964		6,176		12,914
Total	$	28,034		24,340	$	50,721		48,198

Total Assets (d)	October 31, 2015		November 1, 2014
B&N Retail	$	2,030,792		2,018,388
NOOK		416,934		416,966
Discontinued Operations		—		1,404,462
Total	$	2,447,726		3,839,816

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

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

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

^(d)  Excludes intercompany balances.

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

	13 weeks ended						26 weeks ended
	October 31, 2015			November 1, 2014			October 31, 2015			November 1, 2014
Reportable segments operating loss	$	(55,559	)		(49,137	)	$	(61,244	)		(25,993	)
Interest expense, net and amortization of deferred financing costs		2,338			5,288			5,257			11,202
Consolidated loss before taxes	$	(57,897	)		(54,425	)	$	(66,501	)		(37,195	)