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NONCONTROLLING INTEREST | 3 Months Ended
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Jul. 31, 2025
NONCONTROLLING INTEREST |
NONCONTROLLING INTEREST | 15. NONCONTROLLING INTEREST Immersion is the primary beneficiary of Barnes & Noble Education and as a result, consolidates the financial results of Barnes & Noble Education and reports a noncontrolling interest representing BNED Common Stock held by other Barnes & Noble Education’s stockholders. Changes in Immersion’s ownership interest in Barnes & Noble Education while Immersion retains its controlling interest in Barnes & Noble Education are accounted for as equity transactions. The following table summarizes the ownership interest in Barnes & Noble Education:
|  | July 31, 2025 |
|  | Shares Owned |  |  | % of Ownership |
Immersion |  |  | 11,208,746 |  |  |  | 32.9 | %
Noncontrolling Interest |  |  | 22,845,101 |  |  |  | 67.1 | %
Total BNED Common Stock outstanding |  |  | 34,053,847 |  |  |  | 100.0 | %
The weighted average ownership percentages for the applicable reporting periods are used to attribute net income to the non-controlling interest holders and were as follows:
|  | Three Months Ended July 31, 2025 |  |  | From June 10, 2024 to July 31, 2024 |
Noncontrolling interest's weighted-average ownership percentage |  |  | 67.1 | % |  |  | 61.0 | %
The following table summarizes the effect of changes in ownership of Barnes & Noble Education on the Company’s equity for the periods presented (in thousands):
| Three Months Ended July 31, 2025 |  | From June 10, 2024 to July 31, 2024 |
Net Income (loss) attributable to Immersion stockholders | $ | (930 | ) | $ | 27,077 |
Transfers from (to) noncontrolling interest: |  |  |  |
Increase (decrease) in additional paid-in capital as a result of common stock issuances pursuant to vesting of equity awards, and sales of common stock |  | — |  |  | 55,520 |
Total effect of changes in ownership interest on equity attributable to Immersion stockholders | $ | (930 | ) | $ | 82,597 |

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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- References No definition available. + Details
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