v3.26.1
Long-Term Incentive Compensation Expense (Tables)
 12 Months Ended
May 02, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Awards Activity The following table presents a summary of awards activity related to our current Equity Incentive Plan and reflects the Reverse Stock Split for all periods presented:
Restricted Stock AwardsRestricted Stock Units
Performance Share Units
Number of 
Shares		Weighted 
Average
Grant Date
Fair Value		Number of 
Shares		Weighted 
Average
Grant Date Fair Value
Number of
Shares
Weighted 
Average
Grant Date
Fair Value
Balance, May 3, 202581,720 $—61,993 $12.391,636,950 $9.55
Granted— $9.79143,202 $8.3810,000 $7.85
Vested(81,720)$9.79(1,197)$336.79(374,766)$7.62
Forfeited— $—— $—(86,720)$9.55
Balance, May 2, 2026— $—203,998 $8.801,185,464 $9.53
Stock Options
Number of 
Shares		Weighted 
Average
Grant Date
Fair Value		Weighted 
Average
Exercise Price
Balance, May 3, 20253,818 $261.35 $552.07 
Granted— $— $— 
Exercised
— $— $— 
Forfeited — $— $— 
Expired— $— $— 
Balance, May 2, 20263,818 $261.35 $552.07 
Exercisable, May 2, 20263,612 $268.05 $562.69 
Schedule of PSUs and Long-Term Incentive Compensation Expense
March 12, 2026PSU Tranche #1PSU Tranche #2PSU Tranche #3
Performance Milestone (VWAP)$10.00 $15.00 $20.00 
Valuation method utilizedMonte CarloMonte CarloMonte Carlo
Risk-free interest rate3.96 %3.96 %3.96 %
Company volatility122.83 %122.83 %122.83 %
Derived service period0.45 years0.90 years1.21 years
Grant date fair value per award$7.94 $7.85 $7.77 
March 12, 2026PSU Tranche #1PSU Tranche #2PSU Tranche #3
Performance Milestone (VWAP)$10.00 $15.00 $20.00 
Valuation method utilizedMonte CarloMonte CarloMonte Carlo
Risk-free interest rate3.98 %3.98 %3.98 %
Company volatility121.72 %121.70 %121.70 %
Derived service period0.45 years0.91 years1.23 years
Grant date fair value per award$7.94 $7.85 $7.77 
BNED recognized compensation expense for long-term incentive plan awards in selling and administrative expenses as follows:
52 weeks ended53 weeks ended
May 2, 2026May 3, 2025
Stock-based awards
Restricted stock expense$333 $667 
Restricted stock units expense 278 604 
Performance share units expense (a)
5,545 4,913 
Stock option expense(b)
58 (798)
Sub-total stock-based awards:$6,214 $5,386 
Cash settled awards
Phantom share units expense$— $(4)
Total compensation expense for long-term incentive awards$6,214 $5,382 
(a) Long-term incentive compensation expense reflects cumulative adjustments to reflect changes to the expected level of achievement of the respective grants.
(b) The stock option expense for the 53 weeks ended May 3, 2025 was primarily impacted due to forfeitures resulting from the resignation of our former Chief Executive Officer on June 11, 2024.