Other Long-Term Liabilities

9 Months Ended

Jan. 26, 2013

Other Long-Term Liabilities

(9) Other Long-Term Liabilities

Other long-term liabilities consist primarily of deferred rent, obligations under a junior seller note related to the acquisition of B&N College and the Microsoft Commercial Agreement financing transaction (See Note 15). The Company provides for minimum rent expense over the lease terms (including the build-out period) on a straight-line basis. The excess of such rent expense over actual lease payments (net of tenant allowances) is classified as deferred rent. Other long-term liabilities also include accrued pension liabilities, store closing expenses and long-term deferred revenues. The Company had the following long-term liabilities at January 26, 2013, January 28, 2012 and April 28, 2012:

	January 26, 2013		January 28, 2012		April 28, 2012
Deferred rent	$	195,725	$	230,542	$	220,875
Junior seller note		127,250		150,000		150,000
Microsoft Commercial Agreement financing transaction		28,547		—		—
Other		38,503		27,749		34,190
Total long-term liabilities	$	390,025	$	408,291	$	405,065