| Summay of financial information for reportable segments |
Summarized financial information for our reportable segments is reported below (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Fiscal Years Ended April 30, |
|
|
|
2026 |
|
|
2025 |
|
REVENUES |
|
|
|
|
|
|
Immersion |
|
$ |
15,924 |
|
|
$ |
74,073 |
|
Barnes & Noble Education |
|
|
1,714,770 |
|
|
|
1,481,803 |
|
Total revenues |
|
|
1,730,694 |
|
|
|
1,555,876 |
|
|
|
|
|
|
|
|
COST OF SALES (excludes depreciation and amortization expense) |
|
|
|
|
|
|
Barnes & Noble Education |
|
|
1,359,411 |
|
|
|
1,124,175 |
|
OPERATING EXPENSES |
|
|
|
|
|
|
Immersion |
|
|
|
|
|
|
Selling and administrative expenses |
|
|
12,153 |
|
|
|
25,757 |
|
Barnes & Noble Education |
|
|
|
|
|
|
Selling and administrative expenses |
|
|
288,487 |
|
|
|
252,754 |
|
Depreciation and amortization expense |
|
|
42,499 |
|
|
|
35,274 |
|
Impairment loss |
|
|
5,089 |
|
|
|
1,247 |
|
Other (income) expense |
|
|
(2,859 |
) |
|
|
(1,351 |
) |
|
|
|
333,216 |
|
|
|
287,924 |
|
Total operating expenses |
|
|
345,369 |
|
|
|
313,681 |
|
OPERATING INCOME (LOSS) |
|
|
|
|
|
|
Immersion |
|
|
3,771 |
|
|
|
48,316 |
|
Barnes & Noble Education |
|
|
22,143 |
|
|
|
69,704 |
|
Operating Income (Loss) |
|
$ |
25,914 |
|
|
$ |
118,020 |
|
|
| Summary of property and equipment additions and total assets by reportable segment |
The following table is a summary of Property and Equipment Additions and Total Assets by reportable segment (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Fiscal Years Ended April 30, |
|
|
|
2026 |
|
|
2025 |
|
Property and Equipment Additions |
|
|
|
|
|
|
Immersion |
|
$ |
— |
|
|
$ |
7 |
|
Barnes & Noble Education |
|
|
16,196 |
|
|
|
11,230 |
|
Total property and equipment additions |
|
$ |
16,196 |
|
|
$ |
11,237 |
|
|
|
|
|
|
|
|
Total Assets |
|
|
|
|
|
|
Immersion |
|
$ |
210,850 |
|
|
$ |
213,980 |
|
Barnes & Noble Education |
|
|
841,492 |
|
|
|
888,293 |
|
Total assets |
|
$ |
1,052,342 |
|
|
$ |
1,102,273 |
|
|