Segment Reporting

12 Months Ended

May 03, 2014

Segment Reporting

17. Segment Reporting

The Company’s three operating segments are: B&N Retail, B&N College and NOOK.

B&N Retail

This segment includes 661 bookstores as of May 3, 2014, primarily under the Barnes & Noble Booksellers trade name. The 661 Barnes & Noble stores generally offer a dedicated NOOK^® area, a comprehensive trade book title base, a café, and departments dedicated to Juvenile, Toys & Games, DVDs, Music, Gift, Magazine and Bargain products. 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, barnesandnoble.com, and its publishing operation, Sterling Publishing.

B&N College

This segment includes 700 stores as of May 3, 2014, that are primarily school-owned stores operated under contracts by B&N College and include sales of digital content within the higher education marketplace through Yuzu™. The 700 B&N College stores generally offer new, used, rental and digital textbooks, course-related materials, emblematic apparel and gifts, trade books, computer products, NOOK^® products and related accessories, school and dorm supplies, and convenience and café items.

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 newsstand, apps and sales of NOOK^® devices and accessories to third party distribution partners, B&N Retail and B&N College.

Summarized financial information concerning the Company’s reportable segments is presented below:

Sales by Segment	53 weeks ended May 3, 2014			52 weeks ended April 27, 2013			52 weeks ended April 28, 2012
B&N Retail	$	4,295,110		$	4,568,243		$	4,852,913
B&N College		1,748,042			1,763,248			1,743,662
NOOK		505,862			780,433			933,471
Elimination		(167,657	)		(272,919	)		(400,847	)
Total	$	6,381,357		$	6,839,005		$	7,129,199

Sales by Product Line	53 weeks ended May 3, 2014			52 weeks ended April 27, 2013			52 weeks ended April 28, 2012
Media (a)		68	%		67	%		66	%
Digital (b)		9	%		12	%		15	%
Other (c)		23	%		21	%		19	%
Total		100	%		100	%		100	%

Depreciation and Amortization	53 weeks ended May 3, 2014		52 weeks ended April 27, 2013		52 weeks ended April 28, 2012
B&N Retail	$	125,991	$	148,855	$	162,693
B&N College		48,014		46,849		45,343
NOOK		42,802		31,430		24,631
Total	$	216,807	$	227,134	$	232,667

Operating Profit/(Loss)	53 weeks ended May 3, 2014			52 weeks ended April 27, 2013			52 weeks ended April 28, 2012
B&N Retail	$	228,062		$	227,235		$	161,136
B&N College		66,536			64,609			70,604
NOOK		(260,406	)		(511,848	)		(286,343	)
Total	$	34,192		$	(220,004	)	$	(54,603	)

Capital Expenditures	53 weeks ended May 3, 2014		52 weeks ended April 27, 2013		52 weeks ended April 28, 2012
B&N Retail	$	66,763	$	51,401	$	87,596
B&N College		38,253		38,760		40,479
NOOK		29,965		75,674		35,477
Total	$	134,981	$	165,835	$	163,552

Total Assets(d)	As of May 3, 2014		As of April 27, 2013
B&N Retail	$	2,234,795	$	2,193,458
B&N College		1,146,475		995,034
NOOK		156,179		544,044
Total	$	3,537,449	$	3,732,536

^(a)  Includes tangible books, music, movies, rentals and newsstand.

^(b)  Includes NOOK, related accessories, eContent and warranties.

^(c)  Includes Toys & Games, café products, gifts and miscellaneous other.

^(d)  Excludes intercompany balances.

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

	53 weeks ended May 3, 2014			52 weeks ended April 27, 2013			52 weeks ended April 28, 2012
Reportable segments operating income (loss)	$	34,192		$	(220,004	)	$	(54,603	)
Interest expense, net and amortization of deferred financing costs		(29,507	)		(35,345	)		(35,304	)
Consolidated income (loss) before taxes	$	4,685		$	(255,349	)	$	(89,907	)