Business Segments

12 Months Ended

Jan. 31, 2015

Segment Reporting [Abstract]

Business Segments

Business Segments

The Company has three reportable operating segments: retail trade; electronic commerce trade; and real estate development and management. These reportable operating segments reflect the manner in which the business is managed and how the Company allocates resources and assesses performance internally. The chief operating decision makers of the Company are the Company’s Executive Chairman and Chief Executive Officer and President.

The Company’s three reportable segments are three distinct business units: a traditional retailer of book and related merchandise, a seller of book and related merchandise primarily over the internet and a real estate business that owns, develops and leases commercial retail real estate. The retail trade segment makes up the majority of the Company’s sales and includes the bookstore locations and its distribution center operations, as well as Yogurt Mountain owned stores and franchises. These businesses all share similar economic characteristics and, therefore, have been aggregated into the retail trade segment. Through the distribution center operations, the Company also sells books to outside parties on a wholesale basis. These wholesale sales are not material. The electronic commerce trade segment is managed separately from the retail trade segment due to divergent technology and marketing requirements. Both the retail trade segment and the electronic commerce trade segment derive revenues primarily from the sale of books, magazines and general merchandise, including gifts, cards, games, toys, collectibles, music, DVDs, electronic devices and accessories. The real estate development and management segment is managed separately from the retail trade and electronic commerce trade segments, with a focus on deriving revenues through developing and leasing commercial retail real estate for purposes of earning rental income.

	Fiscal Year Ended
Segment information (in thousands)	January 31, 2015			February 1, 2014
Net Revenue
Retail Trade	$	465,656		$	460,499
Electronic Commerce Trade	21,736			23,426
Real estate management and development	3,054			1,947
Intersegment Sales Elimination	(16,362		)	(15,502		)
Net Sales	$	474,084		$	470,370
Operating Profit (Loss)
Retail Trade	$	3,953		$	(1,165	)
Electronic Commerce Trade	445			(548		)
Real estate management and development	1,167			694
Intersegment Elimination of Certain Costs	(946		)	(460		)
Total Operating Profit (Loss)	$	4,619		$	(1,479	)
Depreciation
Retail Trade	$	15,494		$	17,532
Electronic Commerce Trade	271			346
Real estate management and development	660			473
Total Depreciation	$	16,425		$	18,351
Capital Expenditures
Retail Trade	$	8,680		$	18,036
Electronic Commerce Trade	182			—
Real estate management and development	16,018			9,462
Total Capital Expenditures	$	24,880		$	27,498
Assets
Retail Trade	$	252,546		$	271,406
Electronic Commerce Trade	1,043			1,501
Real estate management and development	40,662			29,825
Total Assets	$	294,251		$	302,732

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

(in thousands)	January 31, 2015		February 1, 2014
Reportable segments operating income (loss)	4,619		(1,479		)
Interest expense, net	$	2,194	$	2,079
Income (loss) from continuing operations before income taxes	2,425		(3,558		)

Sales as a percentage of net sales by merchandise category is as follows:

(in thousands)	January 31, 2015		February 1, 2014
Books and magazines	69.2	%	70.5	%
General merchandise	15.2	%	14.0	%
Café and Yogurt	5.1	%	4.9	%
Electronics, eBooks and accessories	1.0	%	1.9	%
Media	4.5	%	3.5	%
Other	5.0	%	5.2	%
Total	100.0	%	100.0	%

General merchandise consists of gifts, cards, games, toys, collectibles and similar types of products. Café consists of coffee, tea, yogurt and other edible products, as well as gift items related to our Joe Muggs cafés. Media includes music, video and software.