Segment Reporting

9 Months Ended

Jan. 30, 2016

Segment Reporting

10. Segment Reporting

The Company’s two operating segments are: B&N Retail and NOOK.

B&N Retail

This segment includes 640 bookstores as of January 30, 2016, primarily under the Barnes & Noble Booksellers trade name. These 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, www.barnesandnoble.com, and its publishing operation, Sterling Publishing.

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 B&N Retail.

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

	13 weeks ended						39 weeks ended
Sales by Segment	January 30, 2016			January 31, 2015			January 30, 2016			January 31, 2015
B&N Retail	$	1,378,887			1,395,917		$	3,178,590			3,238,883
NOOK		51,737			77,509			149,568			211,402
Elimination		(16,677	)		(33,294	)		(40,998	)		(63,256	)
Total	$	1,413,947			1,440,132		$	3,287,160			3,387,029

	13 weeks ended						39 weeks ended
Sales by Product Line	January 30, 2016			January 31, 2015			January 30, 2016			January 31, 2015
Media (a)		67	%		67	%		70	%		70	%
Digital (b)		4	%		6	%		5	%		7	%
Other (c)		29	%		27	%		25	%		23	%
Total		100	%		100	%		100	%		100	%
	13 weeks ended						39 weeks ended
Depreciation and Amortization	January 30, 2016			January 31, 2015			January 30, 2016			January 31, 2015
B&N Retail	$	26,853			25,581		$	78,079			79,953
NOOK		8,294			9,690			25,785			29,997
Total	$	35,147			35,271		$	103,864			109,950
	13 weeks ended						39 weeks ended
Operating Profit (Loss)	January 30, 2016			January 31, 2015			January 30, 2016			January 31, 2015
B&N Retail	$	153,304			169,808		$	148,166			204,638
NOOK		(19,448	)		(38,727	)		(75,554	)		(99,550	)
Total	$	133,856			131,081		$	72,612			105,088
	13 weeks ended						39 weeks ended
Capital Expenditures	January 30, 2016			January 31, 2015			January 30, 2016			January 31, 2015
B&N Retail	$	15,507			13,013		$	60,051			48,296
NOOK		3,558			4,455			9,734			17,370
Total	$	19,065			17,468		$	69,785			65,666

Total Assets (d)	January 30, 2016		January 31, 2015
B&N Retail	$	2,122,162		2,191,498
NOOK		84,258		148,294
Discontinued Operations		—		1,536,451
Total	$	2,206,420		3,876,243

^(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 income from reportable segments to income from continuing operations before taxes in the consolidated financial statements is as follows:

	13 weeks ended				39 weeks ended
	January 30, 2016		January 31, 2015		January 30, 2016		January 31, 2015
Reportable segments operating income	$	133,856		131,081	$	72,612		105,088
Interest expense, net and amortization of deferred financing costs		1,976		3,521		7,233		14,723
Consolidated income before taxes	$	131,880		127,560	$	65,379		90,365