2015 Q1 Form 10-Q Financial Statement
#000163411716000038 Filed on March 09, 2016
Income Statement
Concept | 2015 Q1 |
---|---|
Revenue | $521.6M |
YoY Change | 7.96% |
Cost Of Revenue | $399.9M |
YoY Change | 8.88% |
Gross Profit | $121.6M |
YoY Change | 5.03% |
Gross Profit Margin | 23.32% |
Selling, General & Admin | $94.69M |
YoY Change | 13.41% |
% of Gross Profit | 77.86% |
Research & Development | |
YoY Change | |
% of Gross Profit | |
Depreciation & Amortization | $12.50M |
YoY Change | 5.04% |
% of Gross Profit | 10.28% |
Operating Expenses | $94.69M |
YoY Change | -0.64% |
Operating Profit | $14.35M |
YoY Change | -30.02% |
Interest Expense | $0.00 |
YoY Change | |
% of Operating Profit | 0.0% |
Other Income/Expense, Net | |
YoY Change | |
Pretax Income | $14.32M |
YoY Change | -29.83% |
Income Tax | $5.665M |
% Of Pretax Income | 39.57% |
Net Earnings | $8.650M |
YoY Change | -28.51% |
Net Earnings / Revenue | 1.66% |
Basic Earnings Per Share | $0.09 |
Diluted Earnings Per Share | $0.09 |
COMMON SHARES | |
Basic Shares Outstanding | 38.92M shares |
Diluted Shares Outstanding | 38.97M shares |
Balance Sheet
Concept | 2015 Q1 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $174.6M |
YoY Change | |
Cash & Equivalents | $174.6M |
Short-Term Investments | |
Other Short-Term Assets | $30.30M |
YoY Change | |
Inventory | $462.1M |
Prepaid Expenses | |
Receivables | $188.5M |
Other Receivables | $0.00 |
Total Short-Term Assets | $925.2M |
YoY Change | |
LONG-TERM ASSETS | |
Property, Plant & Equipment | $104.7M |
YoY Change | |
Goodwill | $274.1M |
YoY Change | |
Intangibles | $200.8M |
YoY Change | |
Long-Term Investments | |
YoY Change | |
Other Assets | $34.55M |
YoY Change | |
Total Long-Term Assets | $614.1M |
YoY Change | |
TOTAL ASSETS | |
Total Short-Term Assets | $925.2M |
Total Long-Term Assets | $614.1M |
Total Assets | $1.539B |
YoY Change | |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $492.2M |
YoY Change | |
Accrued Expenses | $190.8M |
YoY Change | |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $0.00 |
YoY Change | |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $683.0M |
YoY Change | |
LONG-TERM LIABILITIES | |
Long-Term Debt | $0.00 |
YoY Change | |
Other Long-Term Liabilities | $62.67M |
YoY Change | |
Total Long-Term Liabilities | $62.67M |
YoY Change | |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $683.0M |
Total Long-Term Liabilities | $62.67M |
Total Liabilities | $817.1M |
YoY Change | |
SHAREHOLDERS EQUITY | |
Retained Earnings | |
YoY Change | |
Common Stock | $0.00 |
YoY Change | |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | $0.00 |
YoY Change | |
Treasury Stock Shares | 0.000 shares |
Shareholders Equity | $722.2M |
YoY Change | |
Total Liabilities & Shareholders Equity | $1.539B |
YoY Change |
Cashflow Statement
Concept | 2015 Q1 |
---|---|
OPERATING ACTIVITIES | |
Net Income | $8.650M |
YoY Change | -28.51% |
Depreciation, Depletion And Amortization | $12.50M |
YoY Change | 5.04% |
Cash From Operating Activities | -$67.10M |
YoY Change | -2.19% |
INVESTING ACTIVITIES | |
Capital Expenditures | -$10.50M |
YoY Change | 43.84% |
Acquisitions | |
YoY Change | |
Other Investing Activities | $1.500M |
YoY Change | -16.67% |
Cash From Investing Activities | -$9.000M |
YoY Change | 63.64% |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | |
YoY Change | |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | -2.300M |
YoY Change | -111.86% |
NET CHANGE | |
Cash From Operating Activities | -67.10M |
Cash From Investing Activities | -9.000M |
Cash From Financing Activities | -2.300M |
Net Change In Cash | -78.40M |
YoY Change | 43.33% |
FREE CASH FLOW | |
Cash From Operating Activities | -$67.10M |
Capital Expenditures | -$10.50M |
Free Cash Flow | -$56.60M |
YoY Change | -7.67% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
bned |
Accretionofdividendsonpreferredstock
Accretionofdividendsonpreferredstock
|
0 | USD | |
CY2016Q1 | bned |
Accretionofdividendsonpreferredstock
Accretionofdividendsonpreferredstock
|
0 | USD |
bned |
Accretionofdividendsonpreferredstock
Accretionofdividendsonpreferredstock
|
0 | USD | |
CY2015Q1 | bned |
Accretionofdividendsonpreferredstockdiluted
Accretionofdividendsonpreferredstockdiluted
|
0 | USD |
bned |
Accretionofdividendsonpreferredstockdiluted
Accretionofdividendsonpreferredstockdiluted
|
0 | USD | |
CY2016Q1 | bned |
Accretionofdividendsonpreferredstockdiluted
Accretionofdividendsonpreferredstockdiluted
|
0 | USD |
bned |
Accretionofdividendsonpreferredstockdiluted
Accretionofdividendsonpreferredstockdiluted
|
0 | USD | |
CY2015Q1 | bned |
Average Dilutive Options
AverageDilutiveOptions
|
46000 | shares |
bned |
Average Dilutive Options
AverageDilutiveOptions
|
43000 | shares | |
CY2016Q1 | bned |
Average Dilutive Options
AverageDilutiveOptions
|
0 | shares |
bned |
Average Dilutive Options
AverageDilutiveOptions
|
19000 | shares | |
CY2015Q1 | bned |
Averagedilutiverestrictedstockunits
Averagedilutiverestrictedstockunits
|
0 | shares |
bned |
Averagedilutiverestrictedstockunits
Averagedilutiverestrictedstockunits
|
0 | shares | |
CY2016Q1 | bned |
Averagedilutiverestrictedstockunits
Averagedilutiverestrictedstockunits
|
0 | shares |
bned |
Averagedilutiverestrictedstockunits
Averagedilutiverestrictedstockunits
|
247000 | shares | |
CY2015Q1 | bned |
Cost Of Rental Sales And Occupancy Costs
CostOfRentalSalesAndOccupancyCosts
|
37192000 | USD |
bned |
Cost Of Rental Sales And Occupancy Costs
CostOfRentalSalesAndOccupancyCosts
|
93624000 | USD | |
CY2016Q1 | bned |
Cost Of Rental Sales And Occupancy Costs
CostOfRentalSalesAndOccupancyCosts
|
36753000 | USD |
bned |
Cost Of Rental Sales And Occupancy Costs
CostOfRentalSalesAndOccupancyCosts
|
92646000 | USD | |
bned |
Cost Of Repurchased Shares For Tax Wittholding For Share Based Compensation
CostOfRepurchasedSharesForTaxWittholdingForShareBasedCompensation
|
596000 | USD | |
bned |
Increase Decrease In Rental Inventories
IncreaseDecreaseInRentalInventories
|
22664000 | USD | |
bned |
Increase Decrease In Rental Inventories
IncreaseDecreaseInRentalInventories
|
18207000 | USD | |
us-gaap |
Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
0 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
3251000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2880000 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3864000 | USD | |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
8701000 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3811000 | USD | |
CY2015Q1 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
0 | USD |
CY2015Q2 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
0 | USD |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
0 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
325000 | USD | |
CY2014Q2 | bned |
Membership Interests
MembershipInterests
|
383397000 | USD |
CY2015Q1 | bned |
Membership Interests
MembershipInterests
|
0 | USD |
CY2015Q2 | bned |
Membership Interests
MembershipInterests
|
0 | USD |
CY2016Q1 | bned |
Membership Interests
MembershipInterests
|
0 | USD |
CY2015Q3 | bned |
Membership Interests
MembershipInterests
|
0 | USD |
bned |
Number Of Closed Stores
NumberOfClosedStores
|
10 | Store | |
bned |
Number Of New Stores
NumberOfNewStores
|
34 | Store | |
bned |
Number Of Students
NumberOfStudents
|
5000000 | Person | |
CY2014Q2 | bned |
Parent Company Investment
ParentCompanyInvestment
|
366240000 | USD |
CY2015Q1 | bned |
Parent Company Investment
ParentCompanyInvestment
|
722171000 | USD |
CY2015Q2 | bned |
Parent Company Investment
ParentCompanyInvestment
|
726669000 | USD |
CY2016Q1 | bned |
Parent Company Investment
ParentCompanyInvestment
|
0 | USD |
CY2015Q3 | bned |
Parent Company Investment
ParentCompanyInvestment
|
671836000 | USD |
CY2015Q2 | bned |
Percentage Of Student Population Reached
PercentageOfStudentPopulationReached
|
0.24 | |
CY2015Q1 | bned |
Rental Income Operating
RentalIncomeOperating
|
60495000 | USD |
bned |
Rental Income Operating
RentalIncomeOperating
|
152845000 | USD | |
CY2016Q1 | bned |
Rental Income Operating
RentalIncomeOperating
|
61297000 | USD |
bned |
Rental Income Operating
RentalIncomeOperating
|
153422000 | USD | |
CY2015Q1 | bned |
Rental Inventory
RentalInventory
|
69726000 | USD |
CY2015Q2 | bned |
Rental Inventory
RentalInventory
|
47550000 | USD |
CY2016Q1 | bned |
Rental Inventory
RentalInventory
|
65757000 | USD |
bned |
Transfers To From Parent Corporate Allocations Including Income Taxes
TransfersToFromParentCorporateAllocationsIncludingIncomeTaxes
|
22445000 | USD | |
bned |
Transfers To From Parent Corporate Allocations Including Income Taxes
TransfersToFromParentCorporateAllocationsIncludingIncomeTaxes
|
25510000 | USD | |
CY2015Q3 | bned |
Transfers To From Parent Corporate Allocations Including Income Taxes
TransfersToFromParentCorporateAllocationsIncludingIncomeTaxes
|
-28868000 | USD |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--04-30 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-01-30 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001634117 | ||
CY2016Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
47401667 | shares |
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Barnes & Noble Education, Inc. | ||
dei |
Trading Symbol
TradingSymbol
|
BNED | ||
CY2015Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
492200000 | USD |
CY2015Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
170101000 | USD |
CY2016Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
507731000 | USD |
CY2015Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
190794000 | USD |
CY2015Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
97575000 | USD |
CY2016Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
199655000 | USD |
CY2015Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
376863000 | USD |
CY2015Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
376911000 | USD |
CY2016Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
408573000 | USD |
CY2014Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
0 | USD |
CY2015Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
0 | USD |
CY2016Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
483000 | USD |
CY2015Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
0 | USD |
CY2016Q1 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
483000 | USD |
CY2015Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
8650000 | USD |
CY2015Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
0 | USD |
CY2016Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
697662000 | USD |
CY2015Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
953000 | USD |
CY2015Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
0 | USD |
us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
0 | USD | |
CY2015Q1 | us-gaap |
Assets
Assets
|
1539298000 | USD |
CY2015Q2 | us-gaap |
Assets
Assets
|
1129924000 | USD |
CY2016Q1 | us-gaap |
Assets
Assets
|
1560123000 | USD |
CY2015Q1 | us-gaap |
Assets Current
AssetsCurrent
|
925194000 | USD |
CY2015Q2 | us-gaap |
Assets Current
AssetsCurrent
|
510222000 | USD |
CY2016Q1 | us-gaap |
Assets Current
AssetsCurrent
|
948365000 | USD |
CY2015Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
152817000 | USD |
CY2015Q2 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
149065000 | USD |
CY2016Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
167280000 | USD |
CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
144269000 | USD |
CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
174620000 | USD |
CY2015Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
59714000 | USD |
CY2016Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
126909000 | USD |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
30351000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
67195000 | USD | |
CY2015Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | USD |
CY2015Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | USD |
CY2016Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | USD |
CY2015Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00 | |
CY2015Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00 | |
CY2016Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2015Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
0 | shares |
CY2015Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
0 | shares |
CY2016Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2014Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
0 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
0 | shares |
CY2015Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
0 | shares |
CY2016Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
48294000 | shares |
CY2015Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
0 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
0 | shares |
CY2015Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
0 | shares |
CY2016Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
47346000 | shares |
CY2015Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
48186900 | shares |
CY2014Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
0 | USD |
CY2015Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
0 | USD |
CY2015Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
0 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
19388000 | USD | |
CY2016Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-3603000 | USD |
CY2016Q1 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
354797000 | USD |
CY2015Q2 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
335403000 | USD |
CY2015Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
399932000 | USD |
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
1156554000 | USD | |
CY2016Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
397783000 | USD |
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
1165965000 | USD | |
CY2015Q1 | us-gaap |
Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
|
362740000 | USD |
us-gaap |
Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
|
1062930000 | USD | |
CY2016Q1 | us-gaap |
Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
|
361030000 | USD |
us-gaap |
Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
|
1073319000 | USD | |
CY2016Q1 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
3251000 | USD |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-8472000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1902000 | USD | |
CY2015Q1 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
4008000 | USD |
CY2015Q2 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
4082000 | USD |
CY2016Q1 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
4662000 | USD |
CY2015Q1 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
26871000 | USD |
CY2015Q2 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
24358000 | USD |
CY2016Q1 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
24323000 | USD |
CY2015Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
71463000 | USD |
CY2015Q2 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
66091000 | USD |
CY2016Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
64154000 | USD |
CY2015Q1 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
840000 | USD |
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
2864000 | USD | |
CY2016Q1 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
957000 | USD |
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
3252000 | USD | |
CY2015Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
12583000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
37635000 | USD | |
CY2016Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
13081000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
39350000 | USD | |
CY2015Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.34 | ||
CY2016Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.06 | ||
CY2015Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.09 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.34 | ||
CY2016Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.07 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.06 | ||
CY2015Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.396 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.416 | ||
CY2016Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.144 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.619 | ||
CY2016Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
12547000 | USD |
CY2016Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y1M18D | |
CY2015Q1 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
328779000 | USD |
CY2016Q1 | us-gaap |
Gross Profit
GrossProfit
|
120640000 | USD |
CY2015Q1 | us-gaap |
Goodwill
Goodwill
|
274070000 | USD |
CY2015Q2 | us-gaap |
Goodwill
Goodwill
|
274070000 | USD |
CY2016Q1 | us-gaap |
Goodwill
Goodwill
|
274070000 | USD |
CY2015Q1 | us-gaap |
Gross Profit
GrossProfit
|
121622000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
342443000 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
347305000 | USD | |
CY2015Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
14315000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
33206000 | USD | |
CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-3149000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
7567000 | USD | |
CY2015Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5665000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
13818000 | USD | |
CY2016Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
454000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4687000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
424812000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
439766000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
186716000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
245064000 | USD | |
us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
-66640000 | USD | |
us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
-68038000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
-1517000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
-449000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-684000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1875000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
149476000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
106582000 | USD | |
CY2015Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
200753000 | USD |
CY2015Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
198190000 | USD |
CY2016Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
190549000 | USD |
CY2015Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-30000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-49000 | USD | |
CY2016Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-711000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-1268000 | USD | |
CY2015Q1 | us-gaap |
Inventory Net
InventoryNet
|
462062000 | USD |
CY2015Q2 | us-gaap |
Inventory Net
InventoryNet
|
297424000 | USD |
CY2016Q1 | us-gaap |
Inventory Net
InventoryNet
|
542489000 | USD |
CY2016Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
3567000 | USD |
CY2015Q1 | us-gaap |
Liabilities
Liabilities
|
817127000 | USD |
CY2015Q2 | us-gaap |
Liabilities
Liabilities
|
403255000 | USD |
CY2016Q1 | us-gaap |
Liabilities
Liabilities
|
841477000 | USD |
CY2015Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1539298000 | USD |
CY2015Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1129924000 | USD |
CY2016Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1560123000 | USD |
CY2015Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
682994000 | USD |
CY2015Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
267676000 | USD |
CY2016Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
707386000 | USD |
CY2015Q1 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
58558000 | USD |
CY2015Q2 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
63673000 | USD |
CY2016Q1 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
63459000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-50665000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-18971000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-39503000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-39778000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
120519000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
125944000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
29798000 | USD | |
CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8650000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
19388000 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-26918000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3603000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2880000 | USD | |
CY2015Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3375000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
12976000 | USD | |
CY2016Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3603000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
2871000 | USD | |
CY2015Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
3375000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
12977000 | USD | |
CY2016Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-3603000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
2871000 | USD | |
CY2015Q2 | us-gaap |
Number Of Stores
NumberOfStores
|
724 | Store |
CY2016Q1 | us-gaap |
Number Of Stores
NumberOfStores
|
748 | Store |
CY2015Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
14345000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
33255000 | USD | |
CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2438000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
8835000 | USD | |
CY2015Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
34548000 | USD |
CY2015Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
39885000 | USD |
CY2016Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
33635000 | USD |
CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | USD | |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | USD | |
CY2015Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
62670000 | USD |
CY2015Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
69488000 | USD |
CY2016Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
69937000 | USD |
CY2015Q1 | us-gaap |
Other Nonrecurring Expense
OtherNonrecurringExpense
|
0 | USD |
us-gaap |
Other Nonrecurring Expense
OtherNonrecurringExpense
|
0 | USD | |
CY2016Q1 | us-gaap |
Other Nonrecurring Expense
OtherNonrecurringExpense
|
11987000 | USD |
us-gaap |
Other Nonrecurring Expense
OtherNonrecurringExpense
|
11987000 | USD | |
us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
-25510000 | USD | |
CY2015Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00 | |
CY2016Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2015Q1 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
104000 | USD |
CY2015Q2 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
1733000 | USD |
CY2016Q1 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
1816000 | USD |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
4396000 | USD | |
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
2115000 | USD | |
us-gaap |
Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
76175000 | USD | |
us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
6423000 | USD | |
CY2016Q1 | us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
17900 | USD |
CY2015Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
0 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
0 | shares |
CY2016Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
35107000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
37663000 | USD | |
CY2015Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00 | |
CY2015Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3438000 | USD |
CY2015Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
4625000 | USD |
CY2016Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
5754000 | USD |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | USD | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
60600000 | USD | |
CY2015Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
481596000 | USD |
CY2015Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
484468000 | USD |
CY2016Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
522077000 | USD |
CY2015Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
104733000 | USD |
CY2015Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
107557000 | USD |
CY2016Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
113504000 | USD |
CY2015Q1 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
188477000 | USD |
CY2015Q2 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
76551000 | USD |
CY2016Q1 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
183133000 | USD |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
60600000 | USD | |
CY2014Q2 | us-gaap |
Retained Earnings Unappropriated
RetainedEarningsUnappropriated
|
0 | USD |
CY2015Q1 | us-gaap |
Retained Earnings Unappropriated
RetainedEarningsUnappropriated
|
0 | USD |
CY2015Q2 | us-gaap |
Retained Earnings Unappropriated
RetainedEarningsUnappropriated
|
0 | USD |
CY2016Q1 | us-gaap |
Retained Earnings Unappropriated
RetainedEarningsUnappropriated
|
29798000 | USD |
CY2015Q3 | us-gaap |
Retained Earnings Unappropriated
RetainedEarningsUnappropriated
|
0 | USD |
CY2015Q1 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
461059000 | USD |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1346152000 | USD | |
CY2016Q1 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
457126000 | USD |
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1359848000 | USD | |
CY2015Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
521554000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1498997000 | USD | |
CY2016Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
518423000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1513270000 | USD | |
CY2015Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
94694000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
271553000 | USD | |
CY2016Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
98010000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
287133000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3811000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4817000 | USD | |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
2409345 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
2409345 | shares | |
us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
40719000 | shares | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | USD | |
CY2015Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
50000 | USD |
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
906732000 | shares | |
CY2014Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
749637000 | USD |
CY2015Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
722171000 | USD |
CY2015Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
726669000 | USD |
CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
718646000 | USD |
CY2015Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
671836000 | USD |
us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
9.78 | ||
CY2014Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
0 | shares |
CY2015Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
0 | shares |
CY2015Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
0 | shares |
CY2016Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
948000 | shares |
CY2015Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
0 | shares |
CY2014Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
0 | USD |
CY2015Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
0 | USD |
CY2015Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
0 | USD |
CY2016Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
9297000 | USD |
CY2015Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
0 | USD |
us-gaap |
Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
|
0 | USD | |
us-gaap |
Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
|
-9297000 | USD | |
CY2015Q1 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
83000 | USD |
us-gaap |
Undistributed Earnings
UndistributedEarnings
|
335000 | USD | |
CY2016Q1 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
0 | USD |
us-gaap |
Undistributed Earnings
UndistributedEarnings
|
9000 | USD | |
CY2015Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
83000 | USD |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
335000 | USD | |
CY2016Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
0 | USD |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
9000 | USD | |
CY2015Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
83000 | USD |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
334000 | USD | |
CY2016Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
0 | USD |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
9000 | USD | |
CY2015Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
38970000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
37998000 | shares | |
CY2016Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
48088000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
46173000 | shares | |
CY2015Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
38924000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
37955000 | shares | |
CY2016Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
48088000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45907000 | shares | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our condensed consolidated financial statements reflect our consolidated financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States (“GAAP”). In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements of the Company contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly its consolidated financial position and the results of its operations and cash flows for the periods reported. These consolidated financial statements are condensed and therefore do not include all of the information and footnotes required by GAAP.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our fiscal year is comprised of 52 or 53 weeks, ending on the Saturday closest to the last day of April. Due to the seasonal nature of the business, the results of operations for the 13 and </font><font style="font-family:inherit;font-size:10pt;">39 weeks ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">January 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> are not indicative of the results expected for the 52 weeks ending April 30, 2016 (Fiscal 2016). Our business is highly seasonal, with the major portion of sales and operating profit realized during the second and third fiscal quarters, when college students generally purchase and rent textbooks for the upcoming semesters.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed below, the results of operations for the 39 weeks ended </font><font style="font-family:inherit;font-size:10pt;">January 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and the 13 weeks ended August 1, 2015 reflected in our condensed consolidated financial statements are presented on a stand-alone basis since we were still part of Barnes & Noble, Inc. until the consummation of the Spin-Off on August 2, 2015 and the results of operations for the 26 weeks ended </font><font style="font-family:inherit;font-size:10pt;">January 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> reflected in our condensed consolidated financial statements are presented on a consolidated basis as we became a separate consolidated entity.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Stand-alone basis financial statements</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The results of operations for the 39 weeks ended </font><font style="font-family:inherit;font-size:10pt;">January 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> (i.e. first, second and third quarter of fiscal 2015) and the 13 weeks ended August 1, 2015 (i.e. first quarter of fiscal 2016) (collectively referred to as the "stand-alone periods") reflected in our condensed consolidated financial statements are presented on a stand-alone basis since we were still part of Barnes & Noble, Inc. </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our condensed consolidated financial statements were derived from the consolidated financial statements and accounting records of Barnes & Noble. Our condensed consolidated financial statements include certain assets and liabilities that have historically been held at the Barnes & Noble corporate level but are specifically identifiable or otherwise attributable to us.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All intercompany transactions between us and Barnes & Noble have been included in our condensed consolidated financial statements and are considered to be effectively settled for cash in our condensed consolidated financial statements at the time the Spin-Off became effective. The total net effect of the settlement of these intercompany transactions is reflected in our condensed consolidated statements of cash flow as a financing activity and in our condensed consolidated balance sheets as “Parent company investment.”</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The condensed consolidated financial statements for the stand-alone periods include an allocation for certain corporate and shared service functions historically provided by Barnes & Noble, including, but not limited to, executive oversight, accounting, treasury, tax, legal, human resources, occupancy, procurement, information technology and other shared services. These expenses have been allocated to us on the basis of direct usage when identifiable, with the remainder allocated on a pro rata basis of consolidated sales, headcount, tangible assets or other measures considered to be a reasonable reflection of the historical utilization levels of these services. Management believes the assumptions underlying our condensed consolidated financial statements, including the assumptions regarding the allocation of general corporate expenses from Barnes & Noble were reasonable. </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nevertheless, our condensed consolidated financial statements for these stand-alone periods may not include all of the actual expenses that would have been incurred had we operated as a stand-alone company and may not reflect our consolidated results of operations, financial position and cash flows had we operated as a stand-alone company during the periods presented. Actual costs that would have been incurred if we had operated as a stand-alone company would depend on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure. As discussed below, following the Spin-Off on August 2, 2015, we began to perform these functions using our own resources or contracted services, certain of which may be provided by Barnes & Noble during a transitional period pursuant to the Transition Services Agreement (as defined in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 9. Barnes & Noble, Inc. Transactions</font><font style="font-family:inherit;font-size:10pt;">). </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;padding-left:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated basis financial statements</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Spin-Off from Barnes & Noble, Inc. occurred on August 2, 2015 and therefore, the results of operations are presented on a consolidated basis for the 26 weeks ended </font><font style="font-family:inherit;font-size:10pt;">January 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> (i.e. second and third quarter of fiscal 2016) which includes direct costs incurred with Barnes & Noble under various agreements. Certain corporate and shared service functions historically provided by Barnes & Noble (as described above) will continue to be provided by Barnes & Noble under the Transition Services Agreement. For additional information, see </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 9. Barnes & Noble, Inc. Transactions</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font></div></div> | ||
us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note 3. </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842)</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2016-01") to increase transparency and comparability by providing additional information to users of financial statements regarding an entity's leasing activities. The revised guidance seeks to achieve this objective by requiring reporting entities to recognize lease assets and lease liabilities on the balance sheet for substantially all lease arrangements. We are required to adopt this standard in the first quarter of fiscal 2020 and early adoption is permitted. The guidance will be applied on a modified retrospective basis beginning with the earliest period presented. We are currently evaluating this standard to determine the impact of adoption on our condensed consolidated financial statements.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2015, the FASB issued ASU No. 2015-17, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes (Topic 740) - Balance Sheet Classification of Deferred Taxes</font><font style="font-family:inherit;font-size:10pt;"> ("ASU 2015-17") to simplify the presentation of deferred income taxes. The amendments in this update require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by the amendments in this update. The amendments in this update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. We are required to adopt this standard in the first quarter of fiscal 2018. This standard will impact the classification of current deferred income taxes on our condensed consolidated financial statements.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2015, the FASB issued ASU No. 2015-16, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations (Topic 805) - Simplifying the Accounting for Measurement-Period Adjustments </font><font style="font-family:inherit;font-size:10pt;">("ASU 2015-16") to simplify the accounting for measurement-period adjustments resulting from business combinations. The amendments in this update eliminate the requirement to retrospectively account for measurement-period adjustments. Instead, these adjustments will be recognized in the period the adjustment amount is determined. We are required to adopt this standard in the first quarter of fiscal 2017, but have early adopted this standard during the second quarter of fiscal 2016 as permitted. Adoption of this standard will impact our condensed consolidated financial statements to the extent adjustments to provisional amounts recorded for future acquisitions are determined subsequent to the period the acquisition is originally reported.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the FASB issued ASU No. 2015-11, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Inventory (Topic 330) – Simplifying the Measurement of Inventory</font><font style="font-family:inherit;font-size:10pt;"> (“ASU 2015-11”). The amendments in this update state that inventory should be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The update does not apply to inventory that is measured using last-in, first-out (“LIFO”) or the retail inventory method. The update applies to all other inventory, which includes inventory that is measured using first-in, first-out (“FIFO”) or average cost. We are required to adopt this standard in the first quarter of fiscal 2018, but have early adopted this standard during the first quarter of fiscal 2016 as permitted. This standard does not have an impact on our condensed consolidated financial statements.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU No. 2015-05, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement</font><font style="font-family:inherit;font-size:10pt;"> (“ASU 2015-05”) to simplify the accounting for cloud computing arrangements. The amendments in this update requires that if a cloud computing arrangement includes a software license, then a customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance will not change GAAP for a customer’s accounting for service contracts. We are required to adopt this standard in the first quarter of fiscal 2017 and early adoption is permitted. We are currently evaluating this standard to determine the impact of adoption on our condensed consolidated financial statements.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU No. 2015-03, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs</font><font style="font-family:inherit;font-size:10pt;"> (“ASU 2015-03”) to simplify the presentation of debt issuance costs. The amendments in the update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct reduction of the carrying amount of the debt. Recognition and measurement of debt issuance costs were not affected by this amendment. In August 2015, FASB issued ASU No. 2015-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">“Presentation and Subsequent Measurement of Debt Issuance Costs Associated With Line-of-Credit Arrangements — Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting”</font><font style="font-family:inherit;font-size:10pt;"> which clarified that the SEC would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement. We are required to adopt ASU 2015-03 in the first quarter of fiscal 2017, but have early adopted this standard during the first quarter of fiscal 2016 as permitted. As discussed in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 7. Credit Facility</font><font style="font-family:inherit;font-size:10pt;">, debt issuance costs related to the New Credit Facility have been deferred and are presented as an asset which is subsequently amortized ratably over the term of the New Credit Facility.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU No. 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:inherit;font-size:10pt;"> (“ASU 2014-09”). The standard provides companies with a single model for use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific revenue guidance. The core principle of the model is to recognize revenue when control of the goods or services transfers to the customer, as opposed to recognizing revenue when the risks and rewards transfer to the customer under the existing revenue guidance. In August 2015, FASB issued ASU No. 2015-14, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date</font><font style="font-family:inherit;font-size:10pt;">, which effectively delayed the adoption date by one year. We are required to adopt ASU 2014-09 in the first quarter of fiscal 2019 and early adoption is permitted. The guidance permits companies to either apply the requirements retrospectively to all prior periods presented, or apply the requirements in the year of adoption, through a cumulative adjustment. We have not yet selected a transition method nor have we determined the impact of adoption on our condensed consolidated financial statements.</font></div></div> | ||
us-gaap |
Nature Of Operations
NatureOfOperations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note 1. </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Organization</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are one of the largest contract operators of bookstores on college and university campuses across the United States and a leading provider of digital education services. We create and operate campus stores that are focal points for college life and learning, enhancing the educational mission of the institution, enlivening campus culture and delivering an important revenue stream to our partner schools. We typically operate our stores under multi-year management service agreements granting us the right to operate the official school bookstore on campus. In turn, we pay the school a percentage of store sales and, in some cases, a minimum fixed guarantee.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We build relationships and derive sales by actively engaging and marketing to over </font><font style="font-family:inherit;font-size:10pt;">5 million</font><font style="font-family:inherit;font-size:10pt;"> students and their faculty on the campuses we serve and offer a full assortment of items in our campus stores, including course materials, which includes new and used print textbooks and digital textbooks, which are available for sale or rent, emblematic apparel and gifts, trade books, computer products, school and dorm supplies, convenience and café items and graduation products. We are a multi-channel marketer and operate school-branded e-commerce sites for each store, allowing students and faculty to purchase textbooks, course materials and other products online.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of May 2, 2015, we operated </font><font style="font-family:inherit;font-size:10pt;">724</font><font style="font-family:inherit;font-size:10pt;"> stores nationwide, which reached </font><font style="font-family:inherit;font-size:10pt;">24%</font><font style="font-family:inherit;font-size:10pt;"> of the total United States college and university student enrolled population. During the </font><font style="font-family:inherit;font-size:10pt;">39 weeks ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">January 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, we opened </font><font style="font-family:inherit;font-size:10pt;">34</font><font style="font-family:inherit;font-size:10pt;"> stores and closed </font><font style="font-family:inherit;font-size:10pt;">10</font><font style="font-family:inherit;font-size:10pt;"> stores. As of </font><font style="font-family:inherit;font-size:10pt;">January 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, we operated </font><font style="font-family:inherit;font-size:10pt;">748</font><font style="font-family:inherit;font-size:10pt;"> stores nationwide.</font></div><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Separation from Barnes & Noble, Inc.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 26, 2015, Barnes & Noble announced plans to Spin-Off its </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> equity interest in our Company. At the time of the Spin-Off on August 2, 2015, Barnes & Noble distributed all of its equity interest in us, consisting of all of the outstanding shares of our Common Stock, to Barnes & Noble’s stockholders on a pro rata basis (the “Distribution”). Following the Spin-Off, Barnes & Noble did not own any equity interest in us. On August 2, 2015, we completed the legal separation from Barnes & Noble, at which time we began to operate as an independent publicly-traded company. For details related to the Distribution of our Common Stock, see </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 5. Equity and Earnings Per Share</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the separation from Barnes & Noble, we entered into several agreements that govern the relationship between the parties after the separation and allocate between the parties various assets, liabilities, rights and obligations following the separation and also describe Barnes & Noble’s future commitments to provide us with certain transition services following the Spin-Off. For additional information related to these agreements, see </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 9. Barnes & Noble, Inc. Transactions</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The results of operations for the </font><font style="font-family:inherit;font-size:10pt;">39 weeks ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">January 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and the 13 weeks ended August 1, 2015 reflected in our condensed consolidated financial statements are presented on a stand-alone basis since we were still part of Barnes & Noble, Inc. until the consummation of the Spin-Off on August 2, 2015 and the results of operations for the 26 weeks ended </font><font style="font-family:inherit;font-size:10pt;">January 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> reflected in our condensed consolidated financial statements are presented on a consolidated basis as we became a separate consolidated entity (as discussed in </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 2. Summary of Significant Accounting Policies</font><font style="font-family:inherit;font-size:10pt;">).</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:20px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Strategies </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our primary business strategies include growing our business by increasing market share with new accounts, increasing sales at existing bookstores, growing digital sales and services by expanding our digital platform, and expanding strategic opportunities through acquisitions and partnerships. For an update on recent transactions that support these strategies, see </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 14. Subsequent Events</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations - Overview.</font></div></div> | ||
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Use Of Estimates
UseOfEstimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In preparing financial statements in conformity with GAAP, we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div> |