| Summay of financial information for reportable segments |
Summarized financial information for our reportable segments is reported below (in thousands):
|
|
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|
|
|
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Three Months Ended January 31, |
|
|
Nine Months Ended January 31, |
|
(in thousands) |
|
2026 |
|
2025 |
|
|
2026 |
|
2025 |
|
|
|
|
|
As Restated |
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|
|
|
As Restated |
|
REVENUES |
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|
|
|
|
|
|
|
|
|
Immersion |
|
$ |
3,396 |
|
$ |
8,437 |
|
|
$ |
13,028 |
|
$ |
70,989 |
|
Barnes & Noble Education |
|
|
515,092 |
|
|
462,825 |
|
|
|
1,447,666 |
|
|
1,200,011 |
|
Total revenues |
|
|
518,488 |
|
|
471,262 |
|
|
|
1,460,694 |
|
|
1,271,000 |
|
|
|
|
|
|
|
|
|
|
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|
COST OF SALES (excludes depreciation and amortization expense) |
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|
|
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|
|
|
|
|
|
Barnes & Noble Education |
|
|
425,579 |
|
|
354,496 |
|
|
|
1,174,275 |
|
|
923,884 |
|
OPERATING EXPENSES |
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|
|
|
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|
|
|
|
|
Immersion |
|
|
|
|
|
|
|
|
|
|
Selling and administrative expenses |
|
|
2,585 |
|
|
5,010 |
|
|
|
9,229 |
|
|
22,586 |
|
Barnes & Noble Education |
|
|
|
|
|
|
|
|
|
|
Selling and administrative expenses |
|
|
72,546 |
|
|
71,498 |
|
|
|
217,633 |
|
|
180,544 |
|
Depreciation and amortization expense |
|
|
10,676 |
|
|
9,951 |
|
|
|
31,560 |
|
|
24,627 |
|
Impairment loss |
|
|
1,018 |
|
|
1,247 |
|
|
|
1,018 |
|
|
1,247 |
|
Other (income) expense |
|
|
1,099 |
|
|
(6,178 |
) |
|
|
8,291 |
|
|
(1,114 |
) |
|
|
|
85,339 |
|
|
76,518 |
|
|
|
258,502 |
|
|
205,304 |
|
Total operating expenses |
|
|
87,924 |
|
|
81,528 |
|
|
|
267,731 |
|
|
227,890 |
|
Operating Income (Loss) |
|
|
|
|
|
|
|
|
|
|
Immersion |
|
|
811 |
|
|
3,427 |
|
|
|
3,799 |
|
|
48,403 |
|
Barnes & Noble Education |
|
|
4,174 |
|
|
31,811 |
|
|
|
14,889 |
|
|
70,823 |
|
Operating Income (Loss) |
|
$ |
4,985 |
|
$ |
35,238 |
|
|
$ |
18,688 |
|
$ |
119,226 |
|
|