Operating results (exclusive of the aforementioned provisions) from discontinued operations are as follows:

The components of net assets of discontinued operations included in the Company’s consolidated balance sheets at January 28, 2001, and January 23, 2000, are as follows:

Note 4 – Asset Impairments and Other Writedowns

In the fourth quarter of fiscal 2000, the Company took a pre-tax charge of $36.2 related to the impairment of certain long-lived assets and other writedowns. The carrying value of long-lived assets are evaluated whenever changes in circumstances indicate the carrying amount of such assets may not be recoverable. In performing such reviews for recoverability, the Company compares the expected cash flows to the carrying value of long-lived assets. If the expected future cash flows are less than the carrying amount of such assets, the Company recognizes an impairment loss for the difference between the carrying amount and their estimated fair value. Fair value is estimated using expected discounted future cash flows. The charge taken in 2000 primarily consisted of $17.7 for computer hardware and software of Borders.com and $12.5 for leasehold improvements and furniture and fixtures of underperforming Walden stores. The remainder of the charge was related to employee severance, the costs of certain lease obligations for redundant headquarter buildings, and the writeoff of certain equity investments.

Note 5 – Property and Equipment

Property and equipment consists of the following:

Note 6 – Income Taxes

The income tax provision from continuing operations consists of the following:

A reconciliation of the federal statutory rate to the Company's effective tax rate follows: