NONCONTROLLING INTEREST (Tables)

9 Months Ended

Jan. 31, 2026

NONCONTROLLING INTEREST

Schedule of ownership interest in subsidiary

The following table summarizes the ownership interest in Barnes & Noble Education:


		January 31, 2026
		Shares Owned				% of Ownership
Immersion			11,208,746				32.7	%
Noncontrolling Interest			23,085,823				67.3	%
Total BNED Common Stock outstanding			34,294,569				100.0	%

Schedule of weighted average ownership percentages by noncontrolling interests

The weighted average ownership percentages for the applicable reporting periods are used to attribute net income to the non-controlling interest holders and were as follows:


	Nine Months Ended				From June 10, 2024 to
	January 31, 2026				January 31, 2025
					As Restated
Noncontrolling interest's weighted-average ownership percentage		67.1	%			63.9	%

Schedule of effect of changes in ownership interest in subsidiary

The following table summarizes the effect of changes in ownership of Barnes & Noble Education on the Company’s equity for the periods presented (in thousands):


	Three Months Ended January 31,								Nine Months Ended				From June 10, 2024 to
	2026				2025				January 31, 2026				January 31, 2025
					As Restated								As Restated
Net Income (loss) attributable to Immersion stockholders	$	(10,266	)		$	24,061			$	795			$	81,942
Transfers from (to) noncontrolling interest:
Increase (decrease) in additional paid-in capital as a result of common stock issuances pursuant to vesting of equity awards, and sales of common stock		505				(1,836	)			505				53,434
Total effect of changes in ownership interest on equity attributable to Immersion stockholders	$	(9,761	)		$	22,225			$	1,300			$	135,376