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NONCONTROLLING INTEREST

3 Months Ended

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

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X

- References

No definition available.

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