2020 Q1 Form 10-Q Financial Statement

#000163411720000010 Filed on March 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1 2018 Q4
Revenue $502.3M $548.0M $814.8M
YoY Change -8.34% -9.18% -8.13%
Cost Of Revenue $383.8M $415.1M $604.0M
YoY Change -7.54% -9.06% -9.87%
Gross Profit $118.5M $133.0M $210.8M
YoY Change -10.84% -9.56% -2.74%
Gross Profit Margin 23.6% 24.26% 25.87%
Selling, General & Admin $106.2M $110.9M $115.3M
YoY Change -4.29% -1.33% 0.03%
% of Gross Profit 89.58% 83.44% 54.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.20M $16.20M $16.60M
YoY Change 0.0% -4.71% -0.6%
% of Gross Profit 13.67% 12.18% 7.88%
Operating Expenses $106.2M $110.9M $115.3M
YoY Change -4.29% -1.33% 0.03%
Operating Profit -$2.971M $3.021M $78.48M
YoY Change -198.34% -101.02% -5.74%
Interest Expense -$1.900M -$2.500M -$1.800M
YoY Change -24.0% -16.67% 0.0%
% of Operating Profit -82.75% -2.29%
Other Income/Expense, Net
YoY Change
Pretax Income -$4.875M $475.0K $76.64M
YoY Change -1126.32% -100.16% -5.87%
Income Tax -$3.182M -$294.0K $16.95M
% Of Pretax Income -61.89% 22.11%
Net Earnings -$1.693M $769.0K $59.70M
YoY Change -320.16% -100.27% 23.35%
Net Earnings / Revenue -0.34% 0.14% 7.33%
Basic Earnings Per Share -$0.04 $0.02 $1.26
Diluted Earnings Per Share -$0.04 $0.02 $1.25
COMMON SHARES
Basic Shares Outstanding 48.30M shares 47.56M shares 47.18M shares
Diluted Shares Outstanding 48.30M shares 47.94M shares 47.82M shares

Balance Sheet

Concept 2020 Q1 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.800M $22.00M $20.00M
YoY Change -55.45% -1.79% 14.29%
Cash & Equivalents $9.798M $22.05M $20.05M
Short-Term Investments
Other Short-Term Assets $24.60M $20.70M $16.60M
YoY Change 18.84% 68.29% 23.88%
Inventory $530.3M $579.6M $505.9M
Prepaid Expenses
Receivables $238.0M $231.1M $138.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $851.2M $904.0M $751.2M
YoY Change -5.84% -5.24% -3.46%
LONG-TERM ASSETS
Property, Plant & Equipment $101.1M $109.4M $112.0M
YoY Change -7.64% -2.36% -3.2%
Goodwill $4.700M $53.98M $53.98M
YoY Change -91.29% 9.54% -85.1%
Intangibles $179.6M $208.4M $213.9M
YoY Change -13.84% -7.08% -6.8%
Long-Term Investments
YoY Change
Other Assets $37.17M $40.22M $41.63M
YoY Change -7.58% -1.71% 0.39%
Total Long-Term Assets $576.9M $412.1M $421.5M
YoY Change 40.01% -3.4% -43.73%
TOTAL ASSETS
Total Short-Term Assets $851.2M $904.0M $751.2M
Total Long-Term Assets $576.9M $412.1M $421.5M
Total Assets $1.428B $1.316B $1.173B
YoY Change 8.51% -4.67% -23.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $389.1M $464.9M $443.3M
YoY Change -16.32% -4.91% -3.38%
Accrued Expenses $193.7M $219.7M $170.0M
YoY Change -11.84% -12.88% -7.73%
Deferred Revenue $60.71M $69.55M $50.89M
YoY Change -12.71%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $685.0M $684.6M $613.4M
YoY Change 0.05% -7.62% -4.63%
LONG-TERM LIABILITIES
Long-Term Debt $65.90M $70.10M $0.00
YoY Change -5.99% -37.96% -100.0%
Other Long-Term Liabilities $50.53M $58.63M $59.42M
YoY Change -13.82% -20.19% -38.29%
Total Long-Term Liabilities $50.53M $58.63M $59.42M
YoY Change -13.82% -20.19% -38.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $685.0M $684.6M $613.4M
Total Long-Term Liabilities $50.53M $58.63M $59.42M
Total Liabilities $970.7M $821.4M $680.7M
YoY Change 18.18% -11.86% -14.64%
SHAREHOLDERS EQUITY
Retained Earnings -$242.5M -$198.4M -$199.1M
YoY Change 22.25% -16.4% -533.12%
Common Stock $732.8M $724.7M $722.8M
YoY Change 1.13% 1.27% 1.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.90M $31.63M $31.63M
YoY Change 4.02% 6.67% 6.68%
Treasury Stock Shares 3.842M shares 3.465M shares 3.465M shares
Shareholders Equity $457.4M $494.7M $492.0M
YoY Change
Total Liabilities & Shareholders Equity $1.428B $1.316B $1.173B
YoY Change 8.51% -4.67% -23.21%

Cashflow Statement

Concept 2020 Q1 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income -$1.693M $769.0K $59.70M
YoY Change -320.16% -100.27% 23.35%
Depreciation, Depletion And Amortization $16.20M $16.20M $16.60M
YoY Change 0.0% -4.71% -0.6%
Cash From Operating Activities -$69.40M -$60.70M $264.0M
YoY Change 14.33% 3.23% 3.33%
INVESTING ACTIVITIES
Capital Expenditures -$7.500M -$8.500M -$15.00M
YoY Change -11.76% 10.39% 3.45%
Acquisitions
YoY Change
Other Investing Activities -$3.700M $1.100M -$10.00M
YoY Change -436.36% 450.0% -82.67%
Cash From Investing Activities -$11.20M -$7.400M -$25.00M
YoY Change 51.35% -1.33% -65.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 65.90M 70.10M -232.2M
YoY Change -5.99% -1.54% 29.07%
NET CHANGE
Cash From Operating Activities -69.40M -60.70M 264.0M
Cash From Investing Activities -11.20M -7.400M -25.00M
Cash From Financing Activities 65.90M 70.10M -232.2M
Net Change In Cash -14.70M 2.000M 6.800M
YoY Change -835.0% -59.18% 100.0%
FREE CASH FLOW
Cash From Operating Activities -$69.40M -$60.70M $264.0M
Capital Expenditures -$7.500M -$8.500M -$15.00M
Free Cash Flow -$61.90M -$52.20M $279.0M
YoY Change 18.58% 2.15% 3.33%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q1 bned Average Dilutive Performance Share Units
AverageDilutivePerformanceShareUnits
150000 shares
bned Average Dilutive Performance Share Units
AverageDilutivePerformanceShareUnits
98000 shares
CY2020Q1 bned Average Dilutive Performance Share Units
AverageDilutivePerformanceShareUnits
0 shares
bned Average Dilutive Performance Share Units
AverageDilutivePerformanceShareUnits
432000 shares
CY2019Q1 bned Averagedilutiveperformanceshares
Averagedilutiveperformanceshares
45000 shares
bned Averagedilutiveperformanceshares
Averagedilutiveperformanceshares
41000 shares
CY2020Q1 bned Averagedilutiveperformanceshares
Averagedilutiveperformanceshares
0 shares
bned Averagedilutiveperformanceshares
Averagedilutiveperformanceshares
9000 shares
CY2019Q1 bned Averagedilutiverestrictedshares
Averagedilutiverestrictedshares
3000 shares
bned Averagedilutiverestrictedshares
Averagedilutiverestrictedshares
10000 shares
CY2020Q1 bned Averagedilutiverestrictedshares
Averagedilutiverestrictedshares
0 shares
bned Averagedilutiverestrictedshares
Averagedilutiverestrictedshares
12000 shares
CY2019Q1 bned Averagedilutiverestrictedstockunits
Averagedilutiverestrictedstockunits
178000 shares
bned Averagedilutiverestrictedstockunits
Averagedilutiverestrictedstockunits
403000 shares
CY2020Q1 bned Averagedilutiverestrictedstockunits
Averagedilutiverestrictedstockunits
0 shares
bned Averagedilutiverestrictedstockunits
Averagedilutiverestrictedstockunits
403000 shares
bned Content Amortization
ContentAmortization
360000 USD
us-gaap Net Income Loss
NetIncomeLoss
2083000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1265000 USD
CY2018Q4 bned Cost Of Repurchased Shares For Tax Wittholding For Share Based Compensation
CostOfRepurchasedSharesForTaxWittholdingForShareBasedCompensation
1971000 USD
bned Cost Of Rental Sales And Occupancy Costs
CostOfRentalSalesAndOccupancyCosts
80259000 USD
CY2018Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
719664000 USD
bned Content Amortization
ContentAmortization
2973000 USD
CY2019Q1 bned Cost Of Rental Sales And Occupancy Costs
CostOfRentalSalesAndOccupancyCosts
33102000 USD
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
722286000 USD
CY2019Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
724164000 USD
CY2019Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
726331000 USD
CY2019Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
728651000 USD
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
730501000 USD
CY2020Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
732320000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2341000 USD
CY2018Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2632000 USD
CY2020Q1 bned Cost Of Rental Sales And Occupancy Costs
CostOfRentalSalesAndOccupancyCosts
28758000 USD
bned Cost Of Rental Sales And Occupancy Costs
CostOfRentalSalesAndOccupancyCosts
70635000 USD
CY2019Q3 bned Cost Of Repurchased Shares For Tax Wittholding For Share Based Compensation
CostOfRepurchasedSharesForTaxWittholdingForShareBasedCompensation
40000 USD
CY2019Q4 bned Cost Of Repurchased Shares For Tax Wittholding For Share Based Compensation
CostOfRepurchasedSharesForTaxWittholdingForShareBasedCompensation
1225000 USD
bned Increase Decrease In Rental Inventories
IncreaseDecreaseInRentalInventories
2798000 USD
bned Increase Decrease In Rental Inventories
IncreaseDecreaseInRentalInventories
1473000 USD
CY2020Q1 bned Line Of Credit Potential Increase Amount
LineOfCreditPotentialIncreaseAmount
100000000 USD
bned Number Of Students
NumberOfStudents
6000000 Person
CY2020Q1 bned Numberof System Customers
NumberofSystemCustomers
400 Store
CY2019Q1 bned Productsalesandother
Productsalesandother
491989000 USD
bned Productsalesandother
Productsalesandother
1566007000 USD
CY2020Q1 bned Productsalesandother
Productsalesandother
453678000 USD
bned Productsalesandother
Productsalesandother
1474448000 USD
bned Rou Asst Obtainedin Exchangefor Lease Liabilites
ROUAsstObtainedinExchangeforLeaseLiabilites
88902000 USD
CY2019Q1 bned Rental Income Operating
RentalIncomeOperating
56019000 USD
bned Rental Income Operating
RentalIncomeOperating
134251000 USD
CY2020Q1 bned Rental Income Operating
RentalIncomeOperating
48614000 USD
bned Rental Income Operating
RentalIncomeOperating
119729000 USD
CY2019Q1 bned Rental Inventory
RentalInventory
50577000 USD
CY2019Q2 bned Rental Inventory
RentalInventory
47001000 USD
CY2020Q1 bned Rental Inventory
RentalInventory
48474000 USD
CY2020Q1 dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--04-29
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Document Period End Date
DocumentPeriodEndDate
2020-01-25
CY2020Q1 dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001634117
CY2020Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
48297554 shares
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Barnes & Noble Education, Inc.
CY2020Q1 dei Entity Shell Company
EntityShellCompany
false
dei Entity Small Business
EntitySmallBusiness
false
CY2019Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
464933000 USD
CY2019Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
186818000 USD
CY2020Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
389050000 USD
CY2019Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
219713000 USD
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
121720000 USD
CY2020Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
193705000 USD
CY2018Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
717323000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
9000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1878000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2321000 USD
CY2019Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1860000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2844886 shares
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1819000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1127000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
811000 USD
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1412951 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3682169 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1348949 shares
CY2019Q1 us-gaap Assets
Assets
1316056000 USD
CY2019Q2 us-gaap Assets
Assets
946180000 USD
CY2020Q1 us-gaap Assets
Assets
1428104000 USD
CY2019Q1 us-gaap Assets Current
AssetsCurrent
904005000 USD
CY2019Q2 us-gaap Assets Current
AssetsCurrent
591360000 USD
CY2020Q1 us-gaap Assets Current
AssetsCurrent
851194000 USD
CY2019Q1 us-gaap Business Development
BusinessDevelopment
117000 USD
us-gaap Business Development
BusinessDevelopment
654000 USD
CY2020Q1 us-gaap Business Development
BusinessDevelopment
0 USD
us-gaap Business Development
BusinessDevelopment
0 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22049000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14013000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9798000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16869000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22792000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14768000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10562000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5923000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4206000 USD
CY2019Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2019Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2020Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2018Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
50032000 shares
CY2018Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
50032000 shares
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
51026000 shares
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
51026000 shares
CY2019Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
51030000 shares
CY2019Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
51086000 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52139000 shares
CY2020Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52139000 shares
CY2019Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47561000 shares
CY2019Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47563000 shares
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
48297000 shares
CY2018Q2 us-gaap Common Stock Value
CommonStockValue
501000 USD
CY2018Q3 us-gaap Common Stock Value
CommonStockValue
501000 USD
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
511000 USD
CY2019Q1 us-gaap Common Stock Value
CommonStockValue
511000 USD
CY2019Q2 us-gaap Common Stock Value
CommonStockValue
510000 USD
CY2019Q3 us-gaap Common Stock Value
CommonStockValue
511000 USD
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
521000 USD
CY2020Q1 us-gaap Common Stock Value
CommonStockValue
521000 USD
CY2019Q1 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
511000 USD
CY2019Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
510000 USD
CY2020Q1 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
521000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 USD
CY2019Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 USD
CY2020Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0 USD
CY2020Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
60708000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-140314000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-130085000 USD
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
415055000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1289935000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
383757000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1217035000 USD
CY2019Q1 us-gaap Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
381953000 USD
us-gaap Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
1209676000 USD
CY2020Q1 us-gaap Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
354999000 USD
us-gaap Cost Of Merchandise Sales Buying And Occupancy Costs
CostOfMerchandiseSalesBuyingAndOccupancyCosts
1146400000 USD
us-gaap Debt Instrument Description
DebtInstrumentDescription
On March 2, 2020, we were granted a waiver to the condition to the upcoming draw under the FILO Facility, scheduled for April 2020, that Consolidated EBITDA (as defined in the Credit Agreement) minus Restricted Payments (as defined in the Credit Agreement) equal at least $90,000. In connection with the waiver, the applicable margin for credit extensions made under the FILO Facility after March 2, 2020 through the end of 2020 was increased by 0.50% (to 3.25% per annum for LIBO rate loans and 2.25% for base rate loans).
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5885000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-222000 USD
CY2018Q2 us-gaap Deferred Revenue
DeferredRevenue
20144000 USD
CY2019Q1 us-gaap Deferred Revenue
DeferredRevenue
69662000 USD
CY2019Q2 us-gaap Deferred Revenue
DeferredRevenue
20418000 USD
CY2020Q1 us-gaap Deferred Revenue
DeferredRevenue
60708000 USD
us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
189832000 USD
us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
170375000 USD
CY2019Q1 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
0 USD
CY2019Q2 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
2425000 USD
CY2020Q1 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
2647000 USD
CY2019Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
7991000 USD
CY2019Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
0 USD
CY2020Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
0 USD
CY2019Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1509000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4978000 USD
CY2020Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
844000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3683000 USD
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
16374000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
49333000 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
15117000 USD
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
us-gaap Depreciation And Amortization
DepreciationAndAmortization
46542000 USD
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.619
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.109
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.653
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.447
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
10103000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M0D
CY2019Q1 us-gaap Goodwill
Goodwill
53982000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
4700000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
4700000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
132953000 USD
us-gaap Gross Profit
GrossProfit
410323000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
118535000 USD
us-gaap Gross Profit
GrossProfit
377142000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
475000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
24524000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4875000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3766000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-294000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2680000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3182000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1683000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
370356000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
284959000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
136023000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
109938000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
0 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
9890000 USD
us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-91645000 USD
us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-20834000 USD
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
1183000 USD
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
2992000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8844000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
12839000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
131046000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
139875000 USD
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
208439000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
194978000 USD
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
179596000 USD
CY2019Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2546000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-7904000 USD
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1904000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5882000 USD
CY2019Q1 us-gaap Inventory Net
InventoryNet
579582000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
420322000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
530260000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
37188000 USD
us-gaap Lease Cost
LeaseCost
137148000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
305495000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
58018000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
31316000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
39724000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
47012000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
63753000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
65672000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
34021000 USD
CY2019Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5000 USD
CY2020Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
4759000 USD
CY2019Q1 us-gaap Liabilities
Liabilities
821369000 USD
CY2019Q2 us-gaap Liabilities
Liabilities
495552000 USD
CY2020Q1 us-gaap Liabilities
Liabilities
970658000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1316056000 USD
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
946180000 USD
CY2020Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1428104000 USD
CY2019Q1 us-gaap Liabilities Current
LiabilitiesCurrent
684646000 USD
CY2019Q2 us-gaap Liabilities Current
LiabilitiesCurrent
408538000 USD
CY2020Q1 us-gaap Liabilities Current
LiabilitiesCurrent
685002000 USD
CY2018Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
0 USD
CY2019Q1 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
70100000 USD
CY2019Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
33500000 USD
CY2019Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
0 USD
CY2020Q1 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
65900000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-128271000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-68865000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-41668000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21693000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
175862000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
86352000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-38622000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
59697000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
769000 USD
us-gaap Net Income Loss
NetIncomeLoss
21844000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-32155000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
35931000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-1693000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
769000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
21835000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-1693000 USD
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
2082000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
769000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21835000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1693000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2082000 USD
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2020Q1 us-gaap Number Of Stores
NumberOfStores
1436 Store
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3021000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
32428000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-2971000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
9648000 USD
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
60590000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
191560000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
271474000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
294727000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 USD
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
102247000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
169227000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
106690000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
251743000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
277006000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043 Rate
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M15D
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
40216000 USD
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
42940000 USD
CY2020Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
37169000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
58632000 USD
CY2019Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
53514000 USD
CY2020Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
50529000 USD
CY2019Q1 us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
0 USD
us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
0 USD
CY2020Q1 us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
0 USD
us-gaap Other Nonrecurring Expense
OtherNonrecurringExpense
433000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-43000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-5148000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1971000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
10000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31711000 USD
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26841000 USD
CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2019Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2020Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2019Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
20691000 USD
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
11778000 USD
CY2020Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
24617000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
374000000 USD
CY2020Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
383400000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
383400000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
109414000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
109777000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
101055000 USD
CY2019Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
231106000 USD
CY2019Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
98246000 USD
CY2020Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
238045000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
500300000 USD
CY2020Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
451000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
451000000 USD
us-gaap Restructuring And Related Cost Description
RestructuringAndRelatedCostDescription
In February 2020, we implemented a significant cost reduction program designed to streamline our operations, maximize productivity and drive profitability. Certain elements of this plan have recently been implemented, while other actions are planned for Fiscal 2021, which begins in May 2020. We anticipate meaningful annualized cost savings from this program, the majority of which are expected to be realized beginning in Fiscal 2021. As a result of the personnel and related elements of this program, we expect to recognize a restructuring charge of $10,000 to $15,000 during the fourth quarter of Fiscal 2020.
CY2019Q1 us-gaap Restructuring Charges
RestructuringCharges
2500000 USD
us-gaap Restructuring Charges
RestructuringCharges
2500000 USD
CY2020Q1 us-gaap Restructuring Charges
RestructuringCharges
205000 USD
us-gaap Restructuring Charges
RestructuringCharges
3240000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-220203000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-258825000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-199128000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-198359000 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-244577000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-276732000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-240801000 USD
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-242494000 USD
CY2020Q1 us-gaap Revenues
Revenues
502292000 USD
CY2019Q1 us-gaap Revenues
Revenues
548008000 USD
us-gaap Revenues
Revenues
1700258000 USD
us-gaap Revenues
Revenues
1594177000 USD
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
110941000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
325408000 USD
CY2020Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
106184000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
317279000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6851000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6000000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
374733 shares
CY2018Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2019Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2019Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
100000000 USD
CY2019Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2020Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2018Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2019Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2019Q4 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
50000000 USD
CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
26669000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
467963000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
431682000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
492040000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
494687000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
450628000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
420754000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
457320000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
457446000 USD
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
3115000 shares
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
3115000 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3465000 shares
CY2019Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
3465000 shares
CY2019Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
3467000 shares
CY2019Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
3479000 shares
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3842000 shares
CY2020Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
3842000 shares
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
29658000 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
29658000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
31629000 USD
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
31629000 USD
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
31636000 USD
CY2019Q3 us-gaap Treasury Stock Value
TreasuryStockValue
31676000 USD
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
32901000 USD
CY2020Q1 us-gaap Undistributed Earnings
UndistributedEarnings
0 USD
us-gaap Undistributed Earnings
UndistributedEarnings
1000 USD
CY2019Q1 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
CY2020Q1 us-gaap Treasury Stock Value
TreasuryStockValue
32901000 USD
CY2019Q1 us-gaap Undistributed Earnings
UndistributedEarnings
0 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-1000 USD
CY2019Q1 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
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-1000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
23402000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
54412000 USD
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47937000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47772000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48298000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48767000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47561000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47220000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48298000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47911000 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 and Consolidation</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 condensed consolidated financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States (&#8220;GAAP&#8221;). In the opinion of the Company&#8217;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 condensed consolidated financial statements are condensed and therefore do not include all of the information and footnotes required by GAAP. All material intercompany accounts and transactions have been eliminated in consolidation. </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 business is highly seasonal. Our quarterly results also may fluctuate depending on the timing of the start of the various schools' semesters, as well as shifts in our fiscal calendar dates. These shifts in timing may affect the comparability of our results across periods. 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 39 weeks ended </font><font style="font-family:inherit;font-size:10pt;">January&#160;25, 2020</font><font style="font-family:inherit;font-size:10pt;"> are not indicative of the results expected for the 53 weeks ending May 2, 2020 (Fiscal 2020). </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 certain of our retail operations, sales are generally highest in the second and third fiscal quarters, when students purchase and rent textbooks and other course materials for the typical academic year, and lowest in the first and fourth fiscal quarters. Sales attributable to our wholesale business are generally highest in our first, second and third quarters, as MBS sells textbooks and other course materials for retail distribution. Our DSS segment sales and operating profit are realized relatively consistently throughout the year.</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
<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:16px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December 2019, the Financial Accounting Standards Board ("FASB") issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes</font><font style="font-family:inherit;font-size:10pt;">. The guidance seeks to simplify the accounting for income taxes by removing the following exceptions: 1) exception to the incremental approach for intraperiod tax allocation when there is a loss from continuing operations and income or a gain from other items, 2) exception to the requirement to recognize a deferred tax liability for equity method investments when a foreign subsidiary becomes an equity method investment, 3) exception to the ability not to recognize a deferred tax liability for a foreign subsidiary when a foreign equity method investment becomes a subsidiary and 4) exception to the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. Additionally, the guidance seeks to further simplify the accounting for income taxes by: 1) requiring that an entity recognize a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, 2) requiring that an entity evaluate when a step up in the tax basis of goodwill should be considered part of the business combination in which the book goodwill was originally recognized and when it should be considered a separate transaction, 3) specifying that an entity is not required to allocate the consolidated amount of current and deferred tax expense to a legal entity that is not subject to tax in its separate financial statements (although the entity may elect to do so (on an entity-by-entity basis) for a legal entity that is both not subject to tax and disregarded by the taxing authority), 4) requiring that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date and 5) making minor improvements for income tax accounting related to employee stock ownership plans and investments in qualified affordable housing projects accounted for using the equity method. This guidance will be effective for fiscal years and interim periods beginning after December 15, 2020. Different components of the guidance require retrospective, modified retrospective or prospective adoption, and early adoption is permitted. We are currently assessing whether we will early adopt this guidance, and the impact on our condensed consolidated financial statements is not currently estimable.</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 2018, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU No. 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer&#8217;s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract ("ASU 2018-15"), </font><font style="font-family:inherit;font-size:10pt;">which requires an entity (customer) in a hosting arrangement that is a service contract to follow the guidance to determine which implementation costs to capitalize as an asset (as prepaid expense) related to the service contract and which costs to expense. The ASU requires upfront implementation costs incurred in a cloud computing arrangement (or hosting arrangement) that is a service contract to be amortized to hosting expense over the term of the arrangement, beginning when the module or component of the hosting arrangement is ready for its intended use. We have adopted this standard effective April 28, 2019 (first day of this fiscal year) prospectively for all implementation costs incurred in a cloud computing arrangement (or hosting arrangement) that is a service contract after the date of adoption. Under previous accounting guidance, we capitalized certain implementation costs, primarily related to digital and consumer data platforms, to property and equipment on the condensed consolidated balance sheets and depreciated these implementation costs to depreciation and amortization expense in the consolidated statement of operations over the term of the service contract once the asset was ready for its intended use. The adoption of this standard will impact our condensed consolidated financial statements to the extent that implementation costs which were previously capitalized and depreciated as described above, will be included in prepaid expenses and other assets in the condensed consolidated balance sheets and amortized to selling and administrative expense in the consolidated statement of operations under this adopted guidance. We expect to incur additional costs to implement cloud computing arrangements during the remainder of Fiscal 2020 and expect the implementation costs capitalized to prepaid expense in the condensed consolidated balance sheet will increase accordingly.</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 June 2016, the FASB issued </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">ASU 2016-13</font><font style="font-family:inherit;font-size:10pt;">,&#160;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</font><font style="font-family:inherit;font-size:10pt;">. The ASU replaces the existing incurred loss impairment model for trade receivables with an expected loss model which requires the use of forward-looking information to calculate expected credit loss estimates. These changes may result in earlier recognition of credit losses. Early adoption is permitted and the guidance requires a modified retrospective method of adoption through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. This guidance is effective for annual periods beginning after December 15, 2019. We plan to adopt this guidance during the first quarter of Fiscal 2021 and we are currently in the process of evaluating the impact of this update. We believe the adoption of the guidance will not have a material impact on our condensed consolidated financial statements.</font></div></div>
us-gaap Nature Of Operations
NatureOfOperations
<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;">Barnes &amp; Noble Education, Inc. is one of the largest contract operators of physical and virtual bookstores for college and university campuses and K-12 institutions across the United States. We are also one of the largest textbook wholesalers, inventory management hardware and software providers, and a leading provider of digital education solutions. We operate </font><font style="font-family:inherit;font-size:10pt;">1,436</font><font style="font-family:inherit;font-size:10pt;"> physical, virtual, and custom 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, delivering essential educational content and tools within a dynamic omni channel retail environment. Additionally, we offer direct-to-student products and services to help students study more effectively and improve academic performance. </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 strengths of our business include our ability to compete by developing new products and solutions to meet market needs, our large operating footprint with direct access to students and faculty, our well-established, deep relationships with partners and stable, long-term contracts, and our well-recognized brands. We expect to continue to introduce scalable and advanced digital solutions focused largely on the student, expand our general merchandise e-commerce capabilities, increase market share with new accounts, and expand our strategic opportunities through acquisitions and partnerships. We expect general merchandise sales to continue to increase over the long term, as our product assortments continue to emphasize and reflect the changing consumer trends, and we evolve our presentation concepts and merchandising of products in stores and online, as we improve our e-commerce capabilities through investments we are making in new systems, processes and people.</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;">Prior to the fourth quarter of Fiscal 2019, we had </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> reportable segments: BNC, MBS, and Digital Student Solutions (&#8220;DSS&#8221;). During the fourth quarter of Fiscal 2019, in an effort to streamline our retail go-to-market strategy, reinforce our company branding, and more efficiently focus our product development efforts, we realigned our business and sales organization into the following </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> reportable segments: Retail, Wholesale and DSS. For additional information related to our strategies, operations and segments, see</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Part I - Item 1. Business </font><font style="font-family:inherit;font-size:10pt;">and </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Part II - Item 8. Financial Statements and Supplementary Data - Note 6. Segment Reporting </font><font style="font-family:inherit;font-size:10pt;">in our Annual Report on Form 10-K for the year ended April 27, 2019</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<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 in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</font></div></div>

Files In Submission

Name View Source Status
0001634117-20-000010-index-headers.html Edgar Link pending
0001634117-20-000010-index.html Edgar Link pending
0001634117-20-000010.txt Edgar Link pending
0001634117-20-000010-xbrl.zip Edgar Link pending
bned-20200125.xml Edgar Link completed
bned-20200125.xsd Edgar Link pending
bned-20200125x10qq320.htm Edgar Link pending
bned-20200125_cal.xml Edgar Link unprocessable
bned-20200125_def.xml Edgar Link unprocessable
bned-20200125_lab.xml Edgar Link unprocessable
bned-20200125_pre.xml Edgar Link unprocessable
bned-ex101_filowaiverletter.htm Edgar Link pending
bned-ex311_20200125xq320.htm Edgar Link pending
bned-ex312_20200125xq320.htm Edgar Link pending
bned-ex321_20200125xq320.htm Edgar Link pending
bned-ex322_20200125xq320.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending