Item 2. Properties
Item 2. Properties
Immersion Segment
We lease approximately 1,390 square feet located at Aventura View Office Building, Suite 610, 2999 N.E. 191st Street, Aventura, Florida, which is our corporate headquarters.
For the fiscal year ended April 30, 2026, Immersion’s leases and related activity were not material.
Barnes & Noble Education Segment
Facilities
Barnes & Noble Education leases various office space in New Jersey, Missouri, and India and leases warehouse space in Missouri.
For Barnes & Noble Education’s physical campus retail operations, it typically has the exclusive right to operate the official physical school bookstore on college campuses through multi-year management operating agreements with its schools. In turn, Barnes & Noble Education pays the school a percentage of store sales and, in some cases, a minimum fixed guarantee. These contracts with colleges and universities are typically five years with renewal options, but can range from one to 17 years, and are typically cancellable by either party without penalty upon advance notice ranging from 90 to 180 days depending on the contract.
As of April 30, 2026, these contracts for the 647 physical stores that Barnes & Noble Education operates, expire as follows:
Contract Terms to Expire During the Fiscal Year Ended April 30,
Number of Physical Campus Stores
2027
94
2028
74
2029
42
2030
46
2031
62
2032 and later
329
Item 3. Legal Proceedings
See Note 19. Commitments and Contingencies of the Notes to the Consolidated Financial Statements under Item 8 of this Annual Report on Form 10-K.
Item 4. Min e Safety Disclosures
Not applicable.
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P ART II
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