Discontinued Operations of Barnes & Noble Education, Inc. (Tables)

12 Months Ended

Apr. 30, 2016

Schedule of Operations and Classes of Assets and Liabilities of Discontinued Operations

The following financial information presents the discontinued operations for fiscal 2016, fiscal 2015 and fiscal 2014:

	Fiscal 2016			Fiscal 2015		Fiscal 2014
Sales	$	238,983		$	1,772,389	$	1,748,012
Cost of sales and occupancy		186,697			1,325,814		1,309,026
Gross profit		52,286			446,575		438,986
Selling and administrative expenses		94,933			353,087		319,773
Depreciation and amortization		13,100			50,509		48,014
Operating income (loss) from discontinued operations		(55,747	)		42,979		71,199
Interest expense, net and amortization of deferred financing fees		3			210		385
Income (loss) before income taxes from discontinued operations		(55,750	)		42,769		70,814
Income taxes		(16,604	)		39,045		38,942
Net income (loss) from discontinued operations	$	(39,146	)	$	3,724	$	31,872

The following table presents the aggregate carrying amounts of the classes of assets and liabilities of discontinued operations:

	May 2, 2015
Carrying amounts of assets included as part of discontinued operations:
Cash and cash equivalents	$	59,714
Receivables, net		38,311
Merchandise inventories, net		297,425
Prepaid expenses and other current assets		52,176
Total current assets		447,626
Property and equipment:
Buildings and leasehold improvements		149,065
Fixtures and equipment		335,404
		484,469
Less accumulated depreciation and amortization		376,911
Net property and equipment		107,558
Goodwill		274,070
Intangible assets, net		198,190
Other non-current assets		39,883
Total assets classified as discontinued operations in the consolidated balance sheet	$	1,067,327
Carrying amounts of liabilities included as part of discontinued operations:
Accounts payable	$	170,490
Accrued liabilities		133,123
Total current liabilities		303,613
Long-term deferred taxes		41,924
Other long-term liabilities		34,093
Total liabilities classified as discontinued operations in the consolidated balance sheet	$	379,630