Cash and Cash Equivalents for Barnes_&

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Barnes & Noble (BKS)

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BKS » Topics » Cash and Cash Equivalents

These excerpts taken from the BKS 10-K filed Apr 1, 2009.

Cash and Cash Equivalents

The Company considers all short-term, highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.

Cash and Cash Equivalents

SIZE="2">The Company considers all short-term, highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.

SIZE="2">Merchandise Inventories

Merchandise inventories are stated at the lower of cost or market. Cost is determined on the
first-in, first-out (FIFO) basis. The Company uses the retail inventory method on the FIFO basis for 97% and 98% of the Company’s merchandise inventories as of January 31, 2009 and February 2, 2008, respectively.

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F-24

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS CONTINUED

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Market is determined based on the estimated net realizable value, which is generally the selling
price. Reserves for non-returnable inventory are based on the Company’s history of liquidating non-returnable inventory.

The Company
also estimates and accrues shortage for the period between the last physical count of inventory and the balance sheet date. Shortage rates are estimated and accrued based on historical rates and can be affected by changes in merchandise mix and
changes in actual shortage trends.

These excerpts taken from the BKS 10-K filed Apr 2, 2008.

Cash and Cash Equivalents

The Company considers all short-term, highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.

Cash and Cash Equivalents

SIZE="2">The Company considers all short-term, highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.

SIZE="2">Merchandise Inventories

Merchandise inventories are stated at the lower of cost or market. Cost is determined primarily by
the retail inventory method on the first-in, first-out (FIFO) basis for 99% and 96% of the Company’s merchandise inventories as of February 2, 2008 and February 3, 2007, respectively. The remaining merchandise inventories are recorded
based on the average cost method.

Market is determined based on the estimated net realizable value, which is generally the selling price.
Reserves for non-returnable inventory are based on the Company’s history of liquidating non- returnable inventory.

F-23

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS CONTINUED

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The Company also estimates and accrues shortage for the period between the last physical count of
inventory and the balance sheet date. Shortage rates are estimated and accrued based on historical rates and can be affected by changes in merchandise mix and changes in actual shortage trends.

STYLE="margin-top:18px;margin-bottom:0px">Property and Equipment

Property and equipment are
carried at cost, less accumulated depreciation and amortization. For financial reporting purposes, depreciation is computed using the straight-line method over estimated useful lives. For tax purposes, different methods are used. Maintenance and
repairs are expensed as incurred, while major improvements and remodeling costs are capitalized. Leasehold improvements are capitalized and amortized over the shorter of their estimated useful lives or the terms of the respective leases. Capitalized
lease acquisition costs are being amortized over the lease terms of the underlying leases. Costs incurred in purchasing management information systems are capitalized and included in property and equipment. These costs are amortized over their
estimated useful lives from the date the systems become operational.

This excerpt taken from the BKS 10-K filed Apr 4, 2007.

Cash and Cash Equivalents

The Company considers all short-term, highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.

This excerpt taken from the BKS 10-K filed Apr 5, 2006.

Cash and Cash Equivalents

The Company considers all short-term, highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.

F-22

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS CONTINUED

EXCERPTS ON THIS PAGE:

10-K (2 sections)	Apr 1, 2009

10-K (2 sections)	Apr 2, 2008

10-K	Apr 4, 2007

10-K	Apr 5, 2006

RELATED TOPICS for BKS:

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Barnes & Noble (BKS)

BKS » Topics » Cash and Cash Equivalents

EXCERPTS ON THIS PAGE:

RELATED TOPICS for BKS:

"Cash and Cash Equivalents" elsewhere: