Net Earnings (Loss) per Share (Tables)

6 Months Ended

Oct. 31, 2015

Reconciliation of Basic and Diluted Income (Loss) Per Share

The following is a reconciliation of the Company’s basic and diluted income (loss) per share calculation:

	13 weeks ended						26 weeks ended
	October 31, 2015			November 1, 2014			October 31, 2015			November 1, 2014
Numerator for basic income (loss) per share:
Net loss from continuing operations attributable to Barnes & Noble, Inc.	$	(27,203	)		(5,109	)	$	(34,954	)		(3,086	)
Inducement fee paid upon conversion of Series J preferred stock		—			—			(3,657	)		—
Preferred stock dividends		—			(3,941	)		—			(7,883	)
Preferred stock dividends paid in shares		—			—			(1,783	)		—
Accretion of dividends on preferred stock		—			(758	)		(4,204	)		(1,516	)
Less allocation of dividends to participating securities		(332	)		—			(692	)		—
Less allocation of undistributed earnings to participating securities		—			587			—			—
Net loss from continuing operations available to common shareholders	$	(27,535	)		(9,221	)	$	(45,290	)		(12,485	)
Net income (loss) from discontinued operations attributable to Barnes & Noble, Inc.		(12,023	)		17,407			(39,146	)		(13,065	)
Less allocation of undistributed earnings to participating securities		—			(1,042	)		—			—
Net income (loss) from discontinued operations available to common shareholders		(12,023	)		16,365			(39,146	)		(13,065	)
Net income (loss) available to common shareholders	$	(39,558	)		7,144		$	(84,436	)		(25,550	)
Numerator for diluted income (loss) per share:
Net loss from continuing operations available to common shareholders	$	(27,535	)		(9,221	)	$	(45,290	)		(12,485	)
Preferred stock dividends (a)		—			—			—			—
Accretion of dividends on preferred stock (a)		—			—			—			—
Allocation of undistributed earnings to participating securities		—			587			—			—
Less diluted allocation of undistributed earnings to participating securities		—			(587	)		—			—
Net loss from continuing operations available to common shareholders	$	(27,535	)		(9,221	)	$	(45,290	)		(12,485	)
Net income (loss) from discontinued operations available to common shareholders		(12,023	)		16,365			(39,146	)		(13,065	)
Allocation of undistributed earnings to participating securities		—			1,042			—			—
Less diluted allocation of undistributed earnings to participating securities		—			(1,042	)		—			—
Net income (loss) from discontinued operations available to common shareholders		(12,023	)		16,365			(39,146	)		(13,065	)
Net income (loss) available to common shareholders	$	(39,558	)		7,144		$	(84,436	)		(25,550	)
Denominator for basic income (loss) per share:
Basic weighted average common shares		75,557			59,343			70,552			59,289
Denominator for diluted income (loss) per share:
Basic weighted average common shares		75,557			59,343			70,552			59,289
Preferred shares (a)		—			—			—			—
Average dilutive options (a)		—			—			—			—
Diluted weighted average common shares		75,557			59,343			70,552			59,289
Basic income (loss) per common share:
Loss from continuing operations	$	(0.36	)		(0.16	)	$	(0.64	)		(0.21	)
Income (loss) from discontinued operations		(0.16	)		0.28			(0.55	)		(0.22	)
Basic income (loss) per common share	$	(0.52	)		0.12		$	(1.20	)		(0.43	)
Diluted income (loss) per common share:
Loss from continuing operations	$	(0.36	)		(0.16	)	$	(0.64	)		(0.21	)
Income (loss) from discontinued operations		(0.16	)		0.28			(0.55	)		(0.22	)
Diluted income (loss) per common share	$	(0.52	)		0.12		$	(1.20	)		(0.43	)

^(a)  Although the Company was in a net income position during the 13 weeks ended November 1, 2014, the dilutive effect of the Company’s convertible preferred shares and stock options were excluded from the calculation of income per share using the two-class method because the effect would be antidilutive.