Net Earnings (Loss) per Share (Tables)

9 Months Ended

Jan. 30, 2016

Reconciliation of Basic and Diluted Income (Loss) Per Share

The following is a reconciliation of the Company’s basic and diluted income (loss) per share calculation:

	13 weeks ended						39 weeks ended
	January 30, 2016			January 31, 2015			January 30, 2016			January 31, 2015
Numerator for basic income (loss) per share:
Net income from continuing operations attributable to Barnes & Noble, Inc	$	80,262			38,977		$	45,308			35,891
Inducement fee paid upon conversion of Series J preferred stock		—			—			(3,657	)		—
Preferred stock dividends		—			(3,942	)		—			(11,825	)
Preferred stock dividends paid in shares		—			—			(1,783	)		—
Accretion of dividends on preferred stock		—			(5,507	)		(4,204	)		(7,024	)
Less allocation of dividends to participating securities		(307	)		—			(999	)		—
Less allocation of undistributed earnings to participating securities		(1,871	)		(1,591	)		—			(995	)
Net income from continuing operations available to common shareholders	$	78,084			27,937		$	34,665			16,047
Net income (loss) from discontinued operations attributable to Barnes & Noble, Inc.		—			33,191			(39,146	)		20,126
Less allocation of undistributed earnings to participating securities		—			(1,788	)		—			(1,175	)
Net income (loss) from discontinued operations available to common shareholders		—			31,403			(39,146	)		18,951
Net income (loss) available to common shareholders	$	78,084			59,340		$	(4,481	)		34,998
Numerator for diluted income (loss) per share:
Net income from continuing operations available to common shareholders	$	78,084			27,937		$	34,665			16,047
Preferred stock dividends (a)		—			—			—			—
Accretion of dividends on preferred stock (a)		—			—			—			—
Allocation of undistributed earnings to participating securities		1,871			1,591			—			995
Less diluted allocation of undistributed earnings to participating securities		(1,869	)		(1,588	)		—			(994	)
Net income from continuing operations available to common shareholders	$	78,086			27,940		$	34,665			16,048
Net income (loss) from discontinued operations available to common shareholders.		—			31,403			(39,146	)		18,951
Allocation of undistributed earnings to participating securities		—			1,788			—			1,175
Less diluted allocation of undistributed earnings to participating securities		—			(1,785	)		—			(1,174	)
Net income (loss) from discontinued operations available to common shareholders		—			31,406			(39,146	)		18,952
Net income (loss) available to common shareholders	$	78,086			59,346		$	(4,481	)		35,000
Denominator for basic income (loss) per share:
Basic weighted average common shares		74,856			61,589			71,987			60,056
Denominator for diluted income (loss) per share:
Basic weighted average common shares		74,856			61,589			71,987			60,056
Preferred shares (a)		—			—			—			—
Average dilutive options		68			122			136			72
Average dilutive non-participating securities		—			—			1			—
Diluted weighted average common shares		74,924			61,711			72,124			60,128
Basic income (loss) per common share:
Income from continuing operations	$	1.04			0.45		$	0.48			0.27
Income (loss) from discontinued operations		—			0.51			(0.54	)		0.32
Basic income (loss) per common share	$	1.04			0.96		$	(0.06	)		0.58
Diluted income (loss) per common share:
Income from continuing operations	$	1.04			0.45		$	0.48			0.27
Income (loss) from discontinued operations		—			0.51			(0.54	)		0.32
Diluted income (loss) per common share	$	1.04			0.96		$	(0.06	)		0.58

^(a)  Although the Company was in a net income position during the 13 weeks ended January 31, 2015 and the 39 weeks ended January 30, 2016 and January 31, 2015, the dilutive effect of the Company’s convertible preferred shares were excluded from the calculation of income per share using the two-class method because the effect would be antidilutive.