2017 Q2 Form 10-K Financial Statement
#000163411717000075 Filed on July 12, 2017
Income Statement
Concept | 2017 Q2 | 2016 Q2 | 2016 Q1 |
---|---|---|---|
Revenue | $342.8M | $294.8M | $518.4M |
YoY Change | 16.31% | 7.58% | -0.6% |
Cost Of Revenue | $218.6M | $187.4M | $397.8M |
YoY Change | 16.65% | 8.39% | -0.54% |
Gross Profit | $123.0M | $106.0M | $120.6M |
YoY Change | 16.01% | 4.86% | -0.81% |
Gross Profit Margin | 35.89% | 35.98% | 23.27% |
Selling, General & Admin | $98.60M | $87.00M | $96.45M |
YoY Change | 13.33% | -1.14% | 1.86% |
% of Gross Profit | 80.15% | 82.04% | 79.95% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $14.20M | $13.30M | $13.10M |
YoY Change | 6.77% | 3.1% | 4.8% |
% of Gross Profit | 11.54% | 12.54% | 10.86% |
Operating Expenses | $112.9M | $100.4M | $96.45M |
YoY Change | 12.45% | -0.4% | 1.86% |
Operating Profit | $10.13M | $5.644M | -$2.438M |
YoY Change | 79.39% | 1610.3% | -117.0% |
Interest Expense | -$1.500M | -$600.0K | -$700.0K |
YoY Change | 150.0% | 200.0% | |
% of Operating Profit | -14.81% | -10.63% | |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $2.900M | -$4.800M | -$3.149M |
YoY Change | -160.42% | -4900.0% | -122.0% |
Income Tax | $2.600M | -$2.000M | $454.0K |
% Of Pretax Income | 89.66% | ||
Net Earnings | $227.0K | -$2.796M | -$3.603M |
YoY Change | -108.12% | 992.19% | -141.65% |
Net Earnings / Revenue | 0.07% | -0.95% | -0.69% |
Basic Earnings Per Share | $0.00 | -$0.06 | -$0.07 |
Diluted Earnings Per Share | $0.00 | -$0.06 | -$0.07 |
COMMON SHARES | |||
Basic Shares Outstanding | 46.52M shares | 46.31M shares | 48.09M shares |
Diluted Shares Outstanding | 48.09M shares |
Balance Sheet
Concept | 2017 Q2 | 2016 Q2 | 2016 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $19.00M | $28.60M | $108.2M |
YoY Change | -33.57% | -36.16% | -38.03% |
Cash & Equivalents | $19.00M | $28.57M | $108.2M |
Short-Term Investments | |||
Other Short-Term Assets | $10.70M | $6.500M | $5.800M |
YoY Change | 64.62% | 41.3% | -80.86% |
Inventory | $434.1M | $312.7M | $542.5M |
Prepaid Expenses | |||
Receivables | $58.50M | $35.60M | $183.1M |
Other Receivables | $27.50M | $15.30M | $0.00 |
Total Short-Term Assets | $602.6M | $446.5M | $905.3M |
YoY Change | 34.98% | -5.21% | -2.15% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $116.6M | $111.2M | $113.5M |
YoY Change | 4.88% | 3.37% | 8.37% |
Goodwill | $329.5M | $280.9M | $274.1M |
YoY Change | 17.29% | 2.5% | 0.0% |
Intangibles | $209.9M | $199.7M | $190.5M |
YoY Change | 5.12% | 0.74% | -5.08% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $41.24M | $33.47M | $33.64M |
YoY Change | 23.2% | -16.08% | -2.64% |
Total Long-Term Assets | $697.2M | $625.2M | $611.8M |
YoY Change | 11.51% | 0.89% | -0.38% |
TOTAL ASSETS | |||
Total Short-Term Assets | $602.6M | $446.5M | $905.3M |
Total Long-Term Assets | $697.2M | $625.2M | $611.8M |
Total Assets | $1.300B | $1.072B | $1.517B |
YoY Change | 21.29% | -1.74% | -1.45% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $192.7M | $152.2M | $489.0M |
YoY Change | 26.66% | -1.95% | -0.65% |
Accrued Expenses | $120.5M | $105.9M | $199.7M |
YoY Change | 13.79% | 8.51% | 4.64% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $100.0M | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $100.0M | ||
YoY Change | |||
Total Short-Term Liabilities | $413.2M | $258.1M | $688.6M |
YoY Change | 60.13% | 2.09% | 0.83% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $59.60M | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $96.43M | $75.38M | $69.94M |
YoY Change | 27.93% | 8.48% | 11.6% |
Total Long-Term Liabilities | $96.43M | $75.38M | $69.94M |
YoY Change | 27.93% | 8.48% | 11.6% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $413.2M | $258.1M | $688.6M |
Total Long-Term Liabilities | $96.43M | $75.38M | $69.94M |
Total Liabilities | $586.1M | $363.3M | $798.4M |
YoY Change | 61.33% | -0.19% | -2.29% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $32.36M | $27.00M | |
YoY Change | 19.85% | ||
Common Stock | $709.4M | $700.0M | $698.1M |
YoY Change | 1.34% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $28.02M | $18.62M | $9.297M |
YoY Change | 50.52% | ||
Treasury Stock Shares | 2.855M shares | 1.890M shares | 948.0K shares |
Shareholders Equity | $713.7M | $708.4M | $718.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.300B | $1.072B | $1.517B |
YoY Change | 21.29% | -1.74% | -1.45% |
Cashflow Statement
Concept | 2017 Q2 | 2016 Q2 | 2016 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $227.0K | -$2.796M | -$3.603M |
YoY Change | -108.12% | 992.19% | -141.65% |
Depreciation, Depletion And Amortization | $14.20M | $13.30M | $13.10M |
YoY Change | 6.77% | 3.1% | 4.8% |
Cash From Operating Activities | -$77.00M | -$39.00M | $40.60M |
YoY Change | 97.44% | -62.06% | -160.51% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$8.200M | -$13.10M | -$13.20M |
YoY Change | -37.4% | -2.24% | 25.71% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$182.6M | -$15.90M | $1.300M |
YoY Change | 1048.43% | 200.0% | -13.33% |
Cash From Investing Activities | -$190.7M | -$28.90M | -$11.80M |
YoY Change | 559.86% | 54.55% | 31.11% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 155.2M | -9.300M | -9.300M |
YoY Change | -1768.82% | -338.46% | 304.35% |
NET CHANGE | |||
Cash From Operating Activities | -77.00M | -39.00M | 40.60M |
Cash From Investing Activities | -190.7M | -28.90M | -11.80M |
Cash From Financing Activities | 155.2M | -9.300M | -9.300M |
Net Change In Cash | -112.5M | -77.20M | 19.50M |
YoY Change | 45.73% | -34.35% | -124.87% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$77.00M | -$39.00M | $40.60M |
Capital Expenditures | -$8.200M | -$13.10M | -$13.20M |
Free Cash Flow | -$68.80M | -$25.90M | $53.80M |
YoY Change | 165.64% | -71.03% | -195.05% |
Facts In Submission
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bned |
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Minimum Rent Expense Description
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Our contracts with colleges and universities are typically five years with renewal options, but can range from one to 15 years, and are typically cancelable by either party without penalty with 90 to120 days' notice. Annual projections below are based on current minimum guarantee amounts. In approximately 65% of our contracts with colleges and universities that include minimum guarantees, the minimum guaranteed amounts adjust annually to equal less than the prior year's commission earned. | |
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0 | USD |
CY2016 | us-gaap |
Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
|
1224955000 | USD |
CY2017 | us-gaap |
Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
|
1280374000 | USD |
CY2015 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
22061000 | USD |
CY2016 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
13019000 | USD |
CY2017 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
14872000 | USD |
CY2015 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
25550000 | USD |
CY2016 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
14802000 | USD |
CY2017 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
16691000 | USD |
CY2015 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
3489000 | USD |
CY2016 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
1783000 | USD |
CY2017 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
1819000 | USD |
CY2015 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-10247000 | USD |
CY2016 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-9922000 | USD |
CY2017 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-9238000 | USD |
CY2016Q2 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
3251000 | USD |
CY2017Q2 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
2912000 | USD |
CY2015 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-11332000 | USD |
CY2016 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-12135000 | USD |
CY2017 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-11961000 | USD |
CY2016Q2 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
71982000 | USD |
CY2017Q2 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
68938000 | USD |
CY2015 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-1085000 | USD |
CY2016 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-2213000 | USD |
CY2017 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-2723000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
43511000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
53459000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
|
12926000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
|
16969000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
29865000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
16871000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
42117000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
52067000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
3477000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
4916000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
1499000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
5106000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
6802000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
|
8728000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
1780000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
|
112000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
|
206000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
1648000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
|
13859000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
|
13047000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
|
2138000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
|
1826000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
|
1050000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
|
881000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1394000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1392000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
|
71982000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
|
68938000 | USD |
CY2016Q2 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
29865000 | USD |
CY2017Q2 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
16871000 | USD |
CY2015 | us-gaap |
Depreciation
Depreciation
|
40257000 | USD |
CY2016 | us-gaap |
Depreciation
Depreciation
|
42213000 | USD |
CY2017 | us-gaap |
Depreciation
Depreciation
|
41224000 | USD |
CY2015 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
50509000 | USD |
CY2016 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
52690000 | USD |
CY2017 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
53318000 | USD |
CY2015 | us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
6076000 | USD |
CY2016 | us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
0 | USD |
CY2017 | us-gaap |
Dividends Preferred Stock Stock
DividendsPreferredStockStock
|
0 | USD |
CY2015 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.33 | |
CY2015Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.65 | |
CY2015Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.69 | |
CY2016Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.07 | |
CY2016Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.06 | |
CY2016 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.60 | |
CY2016Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.63 | |
CY2017Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | |
CY2017Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2017 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.12 | |
CY2015 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.33 | |
CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.65 | |
CY2015Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.69 | |
CY2016Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.07 | |
CY2016Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.06 | |
CY2016 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.60 | |
CY2016Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.63 | |
CY2017Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.08 | |
CY2017Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
CY2017 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.11 | |
CY2016 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
2751000 | USD |
CY2015 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.426 | |
CY2016 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.969 | |
CY2017 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.469 | |
CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.350 | |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.350 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.350 | |
CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.000 | |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.506 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.000 | |
CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0.000 | |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0.008 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
-0.023 | |
CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.047 | |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
-0.152 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
-0.058 | |
CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Contingencies Other
EffectiveIncomeTaxRateReconciliationTaxContingenciesOther
|
0.031 | |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Contingencies Other
EffectiveIncomeTaxRateReconciliationTaxContingenciesOther
|
0.311 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Contingencies Other
EffectiveIncomeTaxRateReconciliationTaxContingenciesOther
|
0.255 | |
CY2015 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.002 | |
CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.054 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.055 | |
CY2017Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
14933000 | USD |
CY2017 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y | |
CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
67592000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
79687000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
141809000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
14005000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
12949000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
13265000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
13859000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
13998000 | USD |
CY2016Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
267255000 | USD |
CY2017Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
289572000 | USD |
CY2015Q2 | us-gaap |
Goodwill
Goodwill
|
274070000 | USD |
CY2016Q2 | us-gaap |
Goodwill
Goodwill
|
280911000 | USD |
CY2017Q2 | us-gaap |
Goodwill
Goodwill
|
329467000 | USD |
CY2016 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
6841000 | USD |
CY2017 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
48556000 | USD |
CY2015 | us-gaap |
Gross Profit
GrossProfit
|
443573000 | USD |
CY2015Q3 | us-gaap |
Gross Profit
GrossProfit
|
51544000 | USD |
CY2015Q4 | us-gaap |
Gross Profit
GrossProfit
|
175121000 | USD |
CY2016Q1 | us-gaap |
Gross Profit
GrossProfit
|
120640000 | USD |
CY2016Q2 | us-gaap |
Gross Profit
GrossProfit
|
106044000 | USD |
CY2016 | us-gaap |
Gross Profit
GrossProfit
|
453349000 | USD |
CY2016Q3 | us-gaap |
Gross Profit
GrossProfit
|
47413000 | USD |
CY2016Q4 | us-gaap |
Gross Profit
GrossProfit
|
171514000 | USD |
CY2017Q1 | us-gaap |
Gross Profit
GrossProfit
|
115925000 | USD |
CY2017Q2 | us-gaap |
Gross Profit
GrossProfit
|
122511000 | USD |
CY2017Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1299832000 | USD |
CY2016Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
258052000 | USD |
CY2017 | us-gaap |
Gross Profit
GrossProfit
|
457363000 | USD |
CY2015 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
33350000 | USD |
CY2017 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
10091000 | USD |
CY2015 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
14218000 | USD |
CY2016 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2667000 | USD |
CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4730000 | USD |
CY2015 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
25171000 | USD |
CY2016 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
13934000 | USD |
CY2017 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1473000 | USD |
CY2015 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
6959000 | USD |
CY2016 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
9147000 | USD |
CY2017 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
3328000 | USD |
CY2015 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
11332000 | USD |
CY2016 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
11868000 | USD |
CY2017 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
11961000 | USD |
CY2015 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
22078000 | USD |
CY2016 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
15323000 | USD |
CY2017 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-6197000 | USD |
CY2015 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
53660000 | USD |
CY2016 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
-17140000 | USD |
CY2017 | us-gaap |
Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
|
3125000 | USD |
CY2015 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
-8335000 | USD |
CY2016 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
-5892000 | USD |
CY2017 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
-14235000 | USD |
CY2015 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
504000 | USD |
CY2016 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2206000 | USD |
CY2017 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2093000 | USD |
CY2015 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
37550000 | USD |
CY2016 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-25732000 | USD |
CY2017 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
6407000 | USD |
CY2016Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
199663000 | USD |
CY2017Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
209885000 | USD |
CY2015 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-210000 | USD |
CY2016 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-1872000 | USD |
CY2017 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-3464000 | USD |
CY2015 | us-gaap |
Interest Paid
InterestPaid
|
210000 | USD |
CY2016 | us-gaap |
Interest Paid
InterestPaid
|
1145000 | USD |
CY2017 | us-gaap |
Interest Paid
InterestPaid
|
2082000 | USD |
CY2017 | us-gaap |
Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
|
77141000 | USD |
CY2016Q2 | us-gaap |
Inventory Net
InventoryNet
|
312747000 | USD |
CY2017Q2 | us-gaap |
Inventory Net
InventoryNet
|
434064000 | USD |
CY2016Q2 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
0 | USD |
CY2016Q2 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
3567000 | USD |
CY2017Q2 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
4298000 | USD |
CY2016Q2 | us-gaap |
Liabilities
Liabilities
|
363297000 | USD |
CY2017Q2 | us-gaap |
Liabilities
Liabilities
|
586124000 | USD |
CY2016Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1071683000 | USD |
CY2017Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
413220000 | USD |
CY2017Q2 | us-gaap |
Loans Payable To Bank
LoansPayableToBank
|
159600000 | USD |
CY2016Q2 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
0 | USD |
CY2017Q2 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
59600000 | USD |
CY2015 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
8614000 | USD |
CY2016 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
8193000 | USD |
CY2017 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
7437000 | USD |
CY2015 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-46841000 | USD |
CY2016 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-28289000 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
147283000 | USD |
CY2015 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-58185000 | USD |
CY2016 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-68744000 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-224438000 | USD |
CY2015 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
17725000 | USD |
CY2016 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
83083000 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
67986000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
27002000 | USD | |
CY2015 | us-gaap |
Net Income Loss
NetIncomeLoss
|
19132000 | USD |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-26918000 | USD |
CY2015Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
33401000 | USD |
CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3603000 | USD |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2796000 | USD |
CY2016 | us-gaap |
Net Income Loss
NetIncomeLoss
|
84000 | USD |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-27916000 | USD |
CY2016Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
29289000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3761000 | USD |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
227000 | USD |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
5361000 | USD |
CY2015 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
12743000 | USD |
CY2016 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
84000 | USD |
CY2017 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
5358000 | USD |
CY2015 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
12743000 | USD |
CY2016 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
84000 | USD |
CY2017 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
5358000 | USD |
CY2017 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
CY2017Q2 | us-gaap |
Number Of Stores
NumberOfStores
|
1481 | Store |
CY2015 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
33560000 | USD |
CY2016 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4623000 | USD |
CY2017 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
13555000 | USD |
CY2017Q2 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
826188 | USD |
CY2017Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
104486 | USD |
CY2017Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
116153 | USD |
CY2017Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
123811 | USD |
CY2017Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
133514 | USD |
CY2017Q2 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
207807 | USD |
CY2017Q2 | us-gaap |
Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
|
140417 | USD |
CY2015 | us-gaap |
Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
|
106011 | USD |
CY2016 | us-gaap |
Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
|
101552 | USD |
CY2015 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | USD |
CY2017 | us-gaap |
Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
|
87843 | USD |
CY2015 | us-gaap |
Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
|
125388 | USD |
CY2016 | us-gaap |
Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
|
140743 | USD |
CY2017 | us-gaap |
Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
|
165980 | USD |
CY2015 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
231399 | USD |
CY2016 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
242295 | USD |
CY2017 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
253823 | USD |
CY2016Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
33472000 | USD |
CY2017Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
41236000 | USD |
CY2016Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
75380000 | USD |
CY2017Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
96433000 | USD |
CY2015 | us-gaap |
Other Nonrecurring Expense
OtherNonrecurringExpense
|
0 | USD |
CY2016 | us-gaap |
Other Nonrecurring Expense
OtherNonrecurringExpense
|
11987000 | USD |
CY2017 | us-gaap |
Other Nonrecurring Expense
OtherNonrecurringExpense
|
0 | USD |
CY2015 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
9733000 | USD |
CY2016 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
111000 | USD |
CY2017 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
3048000 | USD |
CY2015 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
CY2016 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
18615000 | USD |
CY2017 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
9405000 | USD |
CY2015 | us-gaap |
Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
76175000 | USD |
CY2016 | us-gaap |
Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
0 | USD |
CY2017 | us-gaap |
Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
|
0 | USD |
CY2015 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD |
CY2016 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
3251000 | USD |
CY2017 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2912000 | USD |
CY2015 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD |
CY2016 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
17843000 | USD |
CY2017 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
186720000 | USD |
CY2015 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
48452000 | USD |
CY2016 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
50790000 | USD |
CY2017 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
34670000 | USD |
CY2016Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2016Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2017Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2017Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2016Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
6453000 | USD |
CY2017Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
10698000 | USD |
CY2016 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
60600000 | USD |
CY2017 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
312700000 | USD |
CY2017Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
116613000 | USD |
CY2016Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
514979000 | USD |
CY2017Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
551052000 | USD |
CY2016Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
111185000 | USD |
CY2017Q2 | us-gaap |
Purchase Obligation
PurchaseObligation
|
6299 | USD |
CY2017Q2 | us-gaap |
Purchase Obligation Due In Fourth And Fifth Year
PurchaseObligationDueInFourthAndFifthYear
|
175 | USD |
CY2017Q2 | us-gaap |
Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
|
3124 | USD |
CY2017Q2 | us-gaap |
Purchase Obligation Due In Second And Third Year
PurchaseObligationDueInSecondAndThirdYear
|
3000 | USD |
CY2016Q2 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
50924000 | USD |
CY2017Q2 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
86040000 | USD |
CY2015 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | USD |
CY2016 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
60600000 | USD |
CY2017 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
153100000 | USD |
CY2015 | us-gaap |
Restructuring Charges
RestructuringCharges
|
0 | USD |
CY2016 | us-gaap |
Restructuring Charges
RestructuringCharges
|
8830000 | USD |
CY2017 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1790000 | USD |
CY2015Q2 | us-gaap |
Retained Earnings Unappropriated
RetainedEarningsUnappropriated
|
0 | USD |
CY2016Q2 | us-gaap |
Retained Earnings Unappropriated
RetainedEarningsUnappropriated
|
27002000 | USD |
CY2017Q2 | us-gaap |
Retained Earnings Unappropriated
RetainedEarningsUnappropriated
|
32363000 | USD |
CY2015Q3 | us-gaap |
Retained Earnings Unappropriated
RetainedEarningsUnappropriated
|
0 | USD |
CY2015 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1544975000 | USD |
CY2016 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1579617000 | USD |
CY2017 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1638934000 | USD |
CY2015 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1772998000 | USD |
CY2015Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
238983000 | USD |
CY2015Q4 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
755864000 | USD |
CY2016Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
518423000 | USD |
CY2016Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
294759000 | USD |
CY2016 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1808029000 | USD |
CY2016Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
239237000 | USD |
CY2016Q4 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
770671000 | USD |
CY2017Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
521624000 | USD |
CY2017Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
342830000 | USD |
CY2017 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1874362000 | USD |
CY2015 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
359504000 | USD |
CY2016 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
372821000 | USD |
CY2017 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
379095000 | USD |
CY2015 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4741000 | USD |
CY2016 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6670000 | USD |
CY2017 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9366000 | USD |
CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
2409345 | shares |
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
2409345 | shares |
CY2017 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
4000000 | shares |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
6409345 | shares |
CY2016 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
174511 | shares |
CY2017 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
276292 | shares |
CY2017 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | USD |
CY2016Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
0 | USD |
CY2017Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
100000000 | USD |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | USD | |
CY2017 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
25000 | USD |
CY2015Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
50000000 | USD |
CY2017Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
26669000 | USD |
CY2016 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
1715269 | shares |
CY2017 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
688948 | shares |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
16612000 | USD | |
CY2017 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
6718000 | USD |
CY2015Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
726669000 | USD |
CY2016Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
708386000 | USD |
CY2017Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
713708000 | USD |
CY2015Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
671836000 | USD |
CY2016 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
9.95 | |
CY2017 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
10.10 | |
CY2015Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
0 | shares |
CY2016Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1890000 | shares |
CY2017Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
2855000 | shares |
CY2015Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
0 | shares |
CY2015Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
0 | USD |
CY2016Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
18615000 | USD |
CY2017Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
28020000 | USD |
CY2015Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
0 | USD |
CY2015 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
313000 | USD |
CY2016 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
0 | USD |
CY2017 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
3000 | USD |
CY2015 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
313000 | USD |
CY2016 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
0 | USD |
CY2017 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
3000 | USD |
CY2015 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
313000 | USD |
CY2016 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
0 | USD |
CY2017 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
3000 | USD |
CY2014Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
180000 | USD |
CY2015Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
215000 | USD |
CY2016Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
21000 | USD |
CY2017Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
86000 | USD |
CY2015 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
0 | USD |
CY2016 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
215000 | USD |
CY2017 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
0 | USD |
CY2015 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
|
0 | USD |
CY2016 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
|
0 | USD |
CY2017 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
|
0 | USD |
CY2016Q2 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
0 | USD |
CY2017Q2 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
3000 | USD |
CY2017 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
0 | USD |
CY2015 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
35000 | USD |
CY2016 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
21000 | USD |
CY2017 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
40000 | USD |
CY2015 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
0 | USD |
CY2016 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
0 | USD |
CY2015 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
38493000 | shares |
CY2016 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
46479000 | shares |
CY2017 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
46763000 | shares |
CY2015 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
38452000 | shares |
CY2016 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
46238000 | shares |
CY2017 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
46317000 | shares |
CY2017 | 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-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 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 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. </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. The fiscal year periods for each of the last three fiscal years consisted of the 52 weeks ended </font><font style="font-family:inherit;font-size:10pt;">April 29, 2017</font><font style="font-family:inherit;font-size:10pt;"> (Fiscal 2017), 52 weeks ended </font><font style="font-family:inherit;font-size:10pt;">April 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> (Fiscal 2016), and 52 weeks ended </font><font style="font-family:inherit;font-size:10pt;">May 2, 2015</font><font style="font-family:inherit;font-size:10pt;"> (Fiscal 2015).</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 retail business (BNC and MBS Direct) is seasonal, with sales generally highest in the second and third fiscal quarters, when college students generally purchase textbooks for the upcoming semesters, and lowest in the first and fourth fiscal quarters. Sales attributable to the MBS wholesale business are generally highest in our first, second and third quarter as it sells textbooks for retail distribution, which somewhat offsets the decreased first quarter sales attributable to our retail business. MBS has significantly lower operating profit or operating loss realized during the fourth quarter (generally February through April).</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-style:italic;font-weight:bold;">Stand-alone basis financial statements (Prior to the Spin-Off)</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 August 2, 2015, we completed the legal separation ("Spin-Off") from Barnes & Noble, Inc., at which time we began to operate as an independent publicly-traded company. </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;">For the first quarter of Fiscal 2016 and Fiscal 2015 (periods presented prior to the Spin-Off), (collectively referred to as the "stand-alone periods"), our consolidated financial statements are presented on a stand-alone basis since we were still part of Barnes & Noble, Inc. Our consolidated financial statements were derived from the consolidated financial statements and accounting records of Barnes & Noble, Inc.. Our consolidated financial statements include certain assets and liabilities that have historically been held at the Barnes & Noble, Inc. corporate level but are specifically identifiable or otherwise attributable to us. For additional information, see </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 10. 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;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Consolidated basis financial statements (Subsequent to the Spin-Off)</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 39 weeks ended April 30, 2016 (i.e. second, third and fourth quarter of Fiscal 2016) which includes direct costs incurred with Barnes & Noble, Inc. under various agreements. Certain corporate and shared service functions historically provided by Barnes & Noble, Inc. (as described above) will continue to be provided by Barnes & Noble, Inc. under the Transition Services Agreement. For additional information, see </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 10. 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;">For our Fiscal 2017, the results of operations for the entire 52 weeks ended April 29, 2017, our consolidated financial statements are presented on a consolidated basis.</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;">On February 27, 2017, we acquired MBS Textbook Exchange, LLC ("MBS"). The consolidated financial statements for the 52 weeks ended April 29, 2017 include the financial results of MBS from the acquisition date, February 27, 2017, to April 29, 2017. Subsequent to the acquisition, the consolidated financial statements include the accounts of MBS and all material intercompany accounts and transactions have been eliminated in consolidation. For additional information, see </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note 4. Acquisitions and Strategic Agreements. </font></div></div> | |
CY2017 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<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-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-bottom:6px;padding-top:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Pronouncements Adopted in Fiscal 2017</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 January 2017, the Financial Accounting Standards Board (“FASB”) issued</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Accounting Standard Update (“ASU”) No. 2017-04, Intangibles - Goodwill and Other (Topic 350) </font><font style="font-family:inherit;font-size:10pt;">to simplify the test for Goodwill Impairment. The revised guidance eliminates the existing Step 2 of the goodwill impairment test which required an entity to compute the implied fair value of its goodwill at the testing date in order to measure the amount of the impairment charge when the fair value of the reporting unit failed Step 1 of the goodwill impairment test. Under the revised guidance, an entity would recognize an impairment charge for the amount by which the carrying amount of the reporting unit exceeds its fair value; however, the loss recognized would not exceed the total amount of goodwill allocated to the reporting unit. The guidance will be applied on a prospective basis. We are required to adopt this standard in the first quarter of Fiscal 2021 and early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We plan to early adopt this standard for our next goodwill testing date.</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 January 2017, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU No. 2017-01</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business Combinations (Topic 805)</font><font style="font-family:inherit;font-size:10pt;"> to clarify the definition of a business. The revised guidance creates a more robust framework to use in determining whether a set of assets and activities is a business. The guidance will be applied on a prospective basis on or after the effective date. We are required to adopt this standard in the first quarter of Fiscal 2019 and early adoption is permitted. We have elected to early adopt this new guidance as of the third quarter of Fiscal 2017. There has been no impact on our consolidated financial statements from adoption of this new guidance.</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 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU No. 2016-18, Statement of Cash Flows (Topic 230) </font><font style="font-family:inherit;font-size:10pt;">to reduce</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">diversity in practice related to the classification and presentation of changes in restricted cash on the statement of cash flows under Topic 230, Statement of Cash Flows. The revised guidance is to be applied on a retrospective basis and requires that amounts generally described as restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. We are required to adopt this standard in the first quarter of Fiscal 2019, however, we have elected to early adopt this new guidance, as permitted, as of the fourth quarter of Fiscal 2017. We have included restricted cash of </font><font style="font-family:inherit;font-size:10pt;">$2,297</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0</font><font style="font-family:inherit;font-size:10pt;"> in the end-of-period cash balances for Fiscal 2016 and Fiscal 2015, respectively. The offset to the </font><font style="font-family:inherit;font-size:10pt;">$2,297</font><font style="font-family:inherit;font-size:10pt;"> restricted cash reclassification is reflected as an increase to changes in other operating assets and liabilities of </font><font style="font-family:inherit;font-size:10pt;">$301</font><font style="font-family:inherit;font-size:10pt;"> and an increase in other noncurrent assets of </font><font style="font-family:inherit;font-size:10pt;">$1,996</font><font style="font-family:inherit;font-size:10pt;"> in our consolidated statement of cash flows for Fiscal 2016. </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 August 2016, the FASB issued</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> ASU No. 2016-15, Statement of Cash Flow (Topic 230) ("ASU 2016-15")</font><font style="font-family:inherit;font-size:10pt;"> to reduce diversity in practice over the presentation and classification of certain types of cash receipts and cash payments. The revised guidance seeks to achieve this objective by providing specific guidance over eight identified cash flow issues. We are required to adopt this standard in the first quarter of Fiscal 2019 and early adoption is permitted. The guidance will be applied on a retrospective basis beginning with the earliest period presented. We have evaluated the guidance of this new standard to determine the impact of adoption on our consolidated financial statements and concluded that there is no impact. We elected to early adopt this guidance in the first quarter of Fiscal 2017.</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;font-style:italic;font-weight:bold;">Pronouncements Pending Adoption</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 FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU No. 2016-02, Leases (Topic 842) ("ASU 2016-01")</font><font style="font-family:inherit;font-size:10pt;"> 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 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 May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“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 guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. New disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers are also required. In 2016, the FASB issued final amendments to clarify the implementation guidance for principal versus agent considerations, identifying performance obligations and the accounting for licenses of intellectual property. In August 2015, FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, 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 new standard is required to be applied retrospectively to each prior reporting period (full retrospective method) or retrospectively with the cumulative effect of initially applying the standard recognized as an adjustment to opening retained earnings at the date of initial adoption (modified retrospective method).</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 in the process of analyzing the impacts of the guidance across all of our revenue streams. This includes reviewing current accounting policies and practices to identify potential differences that would result from applying the guidance. The majority of our revenue is generated from sales of finished products, which will continue to be recognized when control is transferred to the customer. Our assessment includes an evaluation of the impact that the guidance will have on our accounting for marketing revenue and other income streams. We are evaluating the guidance for our software license revenue, which is currently not material and is recognized over time, but may be recognized at a point in time under the new guidance. We are continuing to evaluate our revenue streams related to our digital product offerings. We do not have loyalty programs or gift cards. While our assessment of the impacts of the guidance is still in process, we believe the adoption of the guidance is not expected to have a material impact on our consolidated financial statements, other than the additional disclosure requirements. We plan to adopt the standard in the first quarter of Fiscal 2019 using the modified retrospective method.</font></div></div> | |
CY2017 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<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-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-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;">Barnes & Noble Education, Inc. (“BNED”) is one of the largest contract operators of physical and virtual bookstores for college and university campuses, and private/parochial K-12 schools, across the United States, and a leading provider of digital education services. Through our Barnes & Noble College (“BNC”) and MBS Textbook Exchange (“MBS”) subsidiaries, we operate </font><font style="font-family:inherit;font-size:10pt;">1,481</font><font style="font-family:inherit;font-size:10pt;"> physical and virtual bookstores and serve more than </font><font style="font-family:inherit;font-size:10pt;">6 million</font><font style="font-family:inherit;font-size:10pt;"> students enrolled in higher education institutions and K-12 schools. </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;">BNC operates </font><font style="font-family:inherit;font-size:10pt;">769</font><font style="font-family:inherit;font-size:10pt;"> physical campus bookstores, the majority of which also have school-branded e-commerce sites operated by BNC, and BNC also includes our digital operations. Our campus stores are a social and academic hub through which students can access affordable course materials and affinity products, including new and used print and digital textbooks, which are available for sale or rent; emblematic apparel and gifts; trade books; computer products; school and dorm supplies; café offerings; convenience food and beverages; and graduation products. BNC product offerings also include a suite of digital content, software, and services through our LoudCloud platform, such as predictive analytics, a variety of courseware built on a foundation of open educational resources ("OER"), and competency-based learning solutions.</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 MBS subsidiary operates two highly integrated businesses. The MBS Direct business is the largest contract operator of virtual bookstores for college and university campuses, and private/parochial K-12 schools. MBS Direct operates </font><font style="font-family:inherit;font-size:10pt;">712</font><font style="font-family:inherit;font-size:10pt;"> virtual bookstores, offering new and used print and digital textbooks, which are available for sale or rent. Additionally, MBS Direct sells textbooks directly to students through textbooks.com</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">SM</sup></font><font style="font-family:inherit;font-size:10pt;">, one of the largest e-commerce sites for new and used textbooks. MBS Wholesale is one of the largest textbook wholesalers in the country, providing a comprehensive selection of new and used textbooks at a low cost of supply to more than </font><font style="font-family:inherit;font-size:10pt;">3,700</font><font style="font-family:inherit;font-size:10pt;"> physical bookstores, including BNC’s </font><font style="font-family:inherit;font-size:10pt;">769</font><font style="font-family:inherit;font-size:10pt;"> campus bookstores.</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;">Educational institutions increasingly are outsourcing bookstore operations, investing in data-driven analytical tools, and offering students more affordable options for textbooks and other learning tools. Given these continuing trends, we are well-positioned to capture new market share and partner with an increasing number of schools across the country. As demand for new, improved, and more affordable products and services increase in the rapidly changing education landscape, we are working to evolve our business model and enhance our solutions. We aim to be an even stronger partner for schools and meet customer needs by expanding our physical and virtual bookstore service capabilities, courseware offerings and digital platform services. We believe that our recent strategic actions, including the acquisition of LoudCloud, Promoversity and MBS, and development of courseware, have substantially enhanced our competitive position. We continue to aggressively innovate and collaborate with our partners to provide solutions that extend well beyond course materials sourcing and sales to include new digital services that support successful student outcomes.</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;">For additional information related to our </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Strategies, see Part I - Item 1. Business - Overview - Growth Drivers.</font></div></div> | |
CY2017 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<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-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 in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</font></div></div> |