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Segment Reporting
 12 Months Ended
Apr. 27, 2019
Segment Reporting
13.
Segment Reporting
 
 
 
 
 
 
 
 
 
The Company’s two operating segments are B&N Retail and NOOK.
B&N Retail
This segment includes 627 bookstores as of April 27, 2019, primarily under the Barnes & Noble Booksellers trade name. These Barnes & Noble stores generally offer a comprehensive trade book title base, a café, departments dedicated to Kids and Young Adults, Toys & Games, DVDs, Music & Vinyl, Gift, Magazine and Bargain products, and a dedicated NOOK
®
area. 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 Co., Inc.
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 audio books, digital newsstand 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
 
52 weeks ended
April 27, 
2019
 
 
52 weeks ended
April 28, 
2018
 
 
52 weeks ended
April 29, 
2017
 
B&N Retail
 
$
3,481,949
 
 
$
3,575,614
 
 
$
3,784,655
 
NOOK
 
 
92,136
 
 
 
111,487
 
 
 
146,514
 
Elimination
(a)
 
 
(21,340
)
 
 
(24,821
)
 
 
(36,611
)
Total
 
$
3,552,745
 
 
$
3,662,280
 
 
$
3,894,558
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciatio
n and Amortizat
ion
 
52 weeks ended
April 27, 
2019
 
 
52 weeks ended
April 28, 
2018
 
 
52 weeks ended
April 29, 
2017
 
B&N Retail
 
$
87,887
 
 
$
94,334
 
 
$
98,877
 
NOOK
 
 
9,792
 
 
 
12,006
 
 
 
19,010
 
Total
 
$
97,679
 
 
$
106,340
 
 
$
117,887
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Income (Loss)
 
52 weeks ended
April 27, 
2019
 
 
52 weeks ended
April 28, 
2018
 
 
52 weeks ended

April 29, 
2017
 
B&N Retail
 
$
22,902
 
 
$
(119,394
)
 
$
90,663
 
NOOK
 
 
(6,373
)
 
 
(8,464
)
 
 
(36,355
)
Total
 
$
16,529
 
 
$
(127,858
)
 
$
54,308
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
 
52 weeks ended

April 27, 
2019
 
 
52 weeks ended

April 28, 
2018
 
 
52 weeks ended

April 29, 
2017
 
B&N Retail
 
$
107,914
 
 
$
80,670
 
 
$
89,706
 
NOOK
 
 
5,817
 
 
 
6,981
 
 
 
6,552
 
Total
 
$
113,731
 
 
$
87,651
 
 
$
96,258
 
  
 
 
 
 
 
 
 
 
 
 
 
Total Assets
(b)
 
As of
April 27,

2019
 
 
As of

April 28,

2018
 
B&N Retail
 
$
1,678,632
 
 
$
1,724,279
 
NOOK
 
 
27,002
 
 
 
25,289
 
Total
 
$
1,705,634
 
 
$
1,749,568
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
  
Represents sales from NOOK to B&N Retail on a sell-through basis.
 
 
 
(b)
 
Excludes intercompany balances.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
A reconciliation of operating income (loss) from reportable segments to income (loss) before taxes in the consolidated financial statements is as follows:
 
 
 
52 weeks ended

April 27,

2019
 
 
52 weeks ended

April 28,

2018
 
 
52 weeks ended

April 29,

2017
 
Reportable segments operating income (loss)
 
$
16,529
 
 
$
(127,858
)
 
$
54,308
 
Interest expense, net and amortization of deferred financing costs
 
 
(13,447
)
 
 
(9,837
)
 
 
(7,509
)
Consolidated income (loss) before taxes
 
$
3,082
 
 
$
(137,695
)
 
$
46,799