NOTE 6. LEASES Immersion For the three months ended July 31, 2026 and 2025, Immersion’s leases and related activity were not material. Barnes & Noble Education The following table summarizes additional information related to Barnes & Noble Education’s operating leases (in thousands, except for lease term and discount rate):
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, |
|
|
|
2026 |
|
|
2025 |
|
Operating lease cost |
|
$ |
14,191 |
|
|
$ |
17,579 |
|
Variable lease payments |
|
|
17,650 |
|
|
|
20,912 |
|
Total lease cost |
|
$ |
31,841 |
|
|
$ |
38,491 |
|
|
|
|
|
|
|
|
|
|
|
|
July 31, 2026 |
|
|
July 31, 2025 |
|
Cash paid for amounts included in the measurement of lease liabilities |
|
$ |
13,225 |
|
|
$ |
14,199 |
|
Operating lease right-of-use assets obtained in exchange for operating lease liabilities |
|
$ |
14,680 |
|
|
$ |
24,884 |
|
Weighted-average remaining lease term (in years) |
|
|
4.3 |
|
|
|
4.7 |
|
Weighted-average discount rate |
|
|
6.6 |
% |
|
|
6.7 |
% |
|