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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Apr. 27, 2019
Summarized Disaggregated Revenue From Contracts With Customers By Product Line
The following table summarizes disaggregated revenue from contracts with customers by product line:
 
Sales by Product Line
 
52 weeks ended
April 27, 2019
  
52 weeks ended
April 28, 2018
  
52 weeks ended
April 29, 2017
 
Media 
(a)
  
68
% 
  
69
% 
  
70
% 
Digital 
(b)
  
2
% 
  
3
% 
  
3
% 
Other 
(c)
  
30
% 
  
28
% 
  
27
% 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
  
100
% 
  
100
% 
  
100
% 
  
 
 
  
 
 
  
 
 
 
 
(a)
  
Includes tangible books, music, movies and newsstand.
(b)
 
Includes NOOK
®
, related accessories, eContent and warranties.
(c)
 
Includes Toys & Games, café products, gifts and miscellaneous other.
Contract Liabilities
The Company’s contract liabilities relate to its gift card program. Below is a summary of the changes during fiscal 2019:
 
  
Total Company
 
Gift card liabilities balance as of April 28, 2018
 
$
323,465
 
Adoption of Topic 606
  
(90,147
) 
Gift card breakage
  
(42,282
) 
Gift card redemptions
  
(247,231
) 
Gift card issuances
  
271,654
 
  
 
 
 
Gift card liabilities balance as of April 27, 2019
 
$
215,459
 
Summary of Impact of Adoption of New Accounting Pronouncements on Company's Statement of Earnings and Balance Sheets
The below tables set forth the adjustments to the Company’s consolidated statement of operations and consolidated balance sheet as a result of the newly adopted revenue recognition standard.
 
  
52 Weeks Ended April 27, 2019
 
  
As Reported
  
Balances
Without
Adoption of
Topic 606
  
Impact of
Adoption
Increase
(Decrease)
 
Sales
 
$
3,552,745
   
3,561,575
   
(8,830
) 
Cost of sales and occupancy
  
2,479,725
   
2,479,725
   
—
 
  
 
 
  
 
 
  
 
 
 
Gross profit
 
$
1,073,020
   
1,081,850
   
(8,830
) 
 
  
April 27, 2019
 
  
As Reported
  
Balances
Without
Adoption of
Topic 606
  
Impact of
Adoption
Increase
(Decrease)
 
Assets
            
Prepaid expenses and other current assets
 
$
69,807
   
70,050
   
(243
) 
Liabilities and Shareholders’ Equity
            
Accrued liabilities
 
$
268,143
   
267,521
   
622
 
Gift card liabilities
 
$
215,459
   
296,776
   
(81,317
) 
Deferred taxes
 
$
70,261
   
50,158
   
20,103
 
Retained earnings
 
$
(186,823
) 
  
(248,903
) 
  
62,080