Business Segments

12 Months Ended

Feb. 01, 2014

Segment Reporting [Abstract]

Business Segments

9. Business Segments

The Company has three reportable operating segments: retail trade; electronic commerce trade; and real estate development and management. During fiscal 2013, the Company reported two operating segments: retail trade and electronic commerce; however, due to the expansion of the Company’s real estate development and management operations, the Company has now included its real estate development and management segment as a reportable segment along with the retail trade and electronic commerce segments. Prior periods have been updated to reflect this change in reportable segments. 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)	February 1, 2014			February 2, 2013
Net Revenue
Retail Trade	$	460,430		$	485,726
Electronic Commerce Trade		23,426			27,424
Real estate management and development		1,947			493
Intersegment Sales Elimination		(15,502	)		(15,204	)
Net Sales	$	470,301		$	498,439
Operating Profit (Loss)
Retail Trade	$	(617	)	$	8,998
Electronic Commerce Trade		(548	)		(1,137	)
Real estate management and development		694			72
Intersegment Elimination of Certain Costs		(1,008	)		(973	)
Total Operating Profit (Loss)	$	(1,479	)	$	6,960
Depreciation
Retail Trade	$	17,532		$	16,162
Electronic Commerce Trade		346			339
Real estate management and development		473			264
Total Depreciation	$	18,351		$	16,765
Capital Expenditures
Retail Trade	$	18,036		$	12,251
Electronic Commerce Trade		—			428
Real estate management and development		9,462			6,402
Total Capital Expenditures	$	27,498		$	19,081
Assets
Retail Trade	$	271,406		$	263,589
Electronic Commerce Trade		1,501			7,915
Real estate management and development		29,825			14,966
Total Assets	$	302,732		$	286,470

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:

	February 1, 2014			February 2, 2013
Reportable segments operating income (loss)		(1,479	)		6,960
Interest expense, net	$	2,079		$	1,729
Consolidated income (loss) from continuing operations before income taxes		(3,558	)		5,231

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

	February 1, 2014			February 2, 2013
Books and magazines		70.6	%		73.7	%
General merchandise		14.1	%		12.6	%
Café and Yogurt		4.9	%		4.4	%
Electronics, eBooks and accessories		1.9	%		1.9	%
Media		3.6	%		2.3	%
Other		4.9	%		5.1	%
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.