Other Long-Term Liabilities

12 Months Ended

Apr. 27, 2013

Other Long-Term Liabilities

6. 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 21 and 12, respectively). 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 April 27, 2013 and April 28, 2012:

	April 27, 2013		April 28, 2012
Deferred rent	$	149,934		182,313
Junior Seller Note (see Note 21)		127,250		150,000
Microsoft Commercial Agreement financing transaction (see Note 12)		52,642		—
Tax liabilities and reserves		54,068		—
Other		36,052		34,190
Total long-term liabilities	$	419,946		366,503