v3.26.3
SEGMENT REPORTING (Tables)
 3 Months Ended
Jul. 31, 2026
SEGMENT REPORTING  
Summay of financial information for reportable segments Summarized financial information for our reportable segments is reported below (in thousands):

 

 

Three Months Ended July 31,

 

(in thousands)

 

2026

 

 

2025

 

Revenues:

 

 

 

 

 

 

Immersion

 

$

3,804

 

 

$

3,872

 

Barnes & Noble Education

 

 

290,595

 

 

 

288,160

 

Total revenues

 

 

294,399

 

 

 

292,032

 

 

 

 

 

 

 

Cost of sales (excludes depreciation and amortization expense):

 

 

 

 

 

 

Barnes & Noble Education

 

 

234,015

 

 

 

233,594

 

Operating expenses:

 

 

 

 

 

 

Immersion

 

 

 

 

 

 

Selling and administrative expenses

 

 

3,498

 

 

 

3,695

 

Barnes & Noble Education

 

 

 

 

 

 

Selling and administrative expenses

 

 

67,316

 

 

 

67,805

 

Depreciation and amortization expense

 

 

10,204

 

 

 

10,397

 

Restructuring and other charges

 

 

—

 

 

 

—

 

Other income

 

 

(652

)

 

 

2,896

 

 

 

76,868

 

 

 

81,098

 

Total operating expenses

 

 

80,366

 

 

 

84,793

 

Operating Income (Loss):

 

 

 

 

 

 

Immersion

 

 

306

 

 

 

177

 

Barnes & Noble Education

 

 

(20,288

)

 

 

(26,532

)

Operating Loss

 

$

(19,982

)

 

$

(26,355

)
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):

 

(in thousands)

 

July 31,
2026

 

 

April 30,
2026

 

Property and Equipment Additions

 

 

 

 

 

 

Immersion

 

$

—

 

 

$

—

 

Barnes & Noble Education

 

 

3,529

 

 

 

16,196

 

Total property and equipment additions

 

$

3,529

 

 

$

16,196

 

 

 

 

 

 

 

 

Total Assets

 

 

 

 

 

 

Immersion

 

$

230,015

 

 

$

210,850

 

Barnes & Noble Education

 

 

946,499

 

 

 

841,492

 

Total assets

 

$

1,176,514

 

 

$

1,052,342