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Employees' Defined Contribution Plan
6 Months Ended
Oct. 31, 2015
Employees' Defined Contribution Plan
Note 10. Employees’ Defined Contribution Plan
Prior to the Spin-Off on August 2, 2015, Barnes & Noble sponsored the defined contribution plan (the “Savings Plan”) for the benefit of substantially all of our employees. Total contributions charged to employee benefit expenses for the Savings Plan prior to the Spin-Off were based on amounts allocated to us on the basis of direct usage. See Note 9. Barnes & Noble, Inc. Transactions.
Subsequent to the Spin-Off, we established a 401(k) plan and Barnes & Noble transfered to it the 401(k) plan assets relating to the account balances of our employees. Additionally, we are responsible for employer contributions to the Savings Plan and fund the contributions directly.
Total contributions charged to employee benefit expenses for the Savings Plan were $1,020 and $897 during the 13 weeks ended October 31, 2015 and November 1, 2014, respectively, and $2,295 and $2,024 during the 26 weeks ended October 31, 2015 and November 1, 2014, respectively.