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Segment Reporting
 3 Months Ended
Jul. 28, 2018
Segment Reporting

7. Segment Reporting

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

B&N Retail

This segment includes 629 bookstores as of July 28, 2018, primarily under the Barnes & Noble Booksellers trade name. These Barnes & Noble stores generally offer a comprehensive trade book title base, a café, and departments dedicated to Juvenile, Toys & Games, DVDs, Music & Vinyl, Gift, Magazine, Bargain products and a dedicated NOOK® area. 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 Co., Inc.

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 and sales of NOOK® devices and accessories to B&N Retail.

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

 

Sales by Segment    13 weeks ended  
     July 28,
2018		      July 29,
2017		  

B&N Retail

    $ 775,718        830,036  

NOOK

      25,270        29,500  

Elimination (a)

      (6,212 )       (6,220 ) 
  

 

 

     

 

 

  

Total

    $ 794,776        853,316  
  

 

 

     

 

 

  

 

Depreciation and Amortization    13 weeks ended  
     July 28,
2018		      July 29,
2017		  

B&N Retail

    $ 21,278        23,079  

NOOK

      2,607        3,319  
  

 

 

     

 

 

  

Total

    $ 23,885        26,398  
  

 

 

     

 

 

  

 

Operating Loss    13 weeks ended  
     July 28,
2018		      July 29,
2017		  

B&N Retail

    $ (15,868 )       (12,510 ) 

NOOK

      (333 )       (2,702 ) 
  

 

 

     

 

 

  

Total

    $ (16,201 )       (15,212 ) 
  

 

 

     

 

 

  

 

Capital Expenditures    13 weeks ended  
     July 28,
2018		      July 29,
2017		  

B&N Retail

    $ 12,230        18,899  

NOOK

      1,374        1,806  
  

 

 

     

 

 

  

Total

    $ 13,604        20,705  
  

 

 

     

 

 

  

 

Total Assets (b)              
     As of
July 28,
2018		      As of
July 29,
2017		  

B&N Retail

    $ 1,713,984        1,905,471  

NOOK

      24,581        29,887  
  

 

 

     

 

 

  

Total

    $ 1,738,565        1,935,358  
  

 

 

     

 

 

  

 

(a)

Represents sales from NOOK to B&N Retail on a sell-through basis.
(b)

Excludes intercompany balances.

 

A reconciliation of operating loss from reportable segments to loss before taxes in the consolidated financial statements is as follows:

 

     13 weeks ended  
     July 28,
2018		      July 29,
2017		  

Reportable segments operating loss

    $ (16,201 )       (15,212 ) 

Interest expense, net and amortization of deferred financing fees

      3,252        2,040  
  

 

 

     

 

 

  

Consolidated loss before taxes

    $ (19,453 )       (17,252 )