Other Long-Term Liabilities

6 Months Ended

Oct. 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, tax liabilities and reserves 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 October 26, 2013, October 27, 2012 and April 27, 2013:

	October 26, 2013		October 27, 2012		April 27, 2013
Deferred rent	$	139,609	$	166,743	$	149,934
Junior Seller Note		—		127,250		127,250
Microsoft Commercial Agreement financing transaction (see Note 15)		96,979		—		52,642
Tax liabilities and reserves		50,149		65,232		54,068
Other		36,641		34,036		36,052
Total long-term liabilities	$	323,378	$	393,261	$	419,946