Other Long-Term Liabilities

9 Months Ended

Jan. 25, 2014

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 junior seller note of $127,250 was reclassified to short-term as it is due September 2014. 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 25, 2014, January 26, 2013 and April 27, 2013:

	January 25, 2014		January 26, 2013		April 27, 2013
Deferred rent	$	132,620	$	160,149	$	149,934
Junior Seller Note		—		127,250		127,250
Microsoft Commercial Agreement financing transaction (see Note 15)		119,467		28,546		52,642
Tax liabilities and reserves		40,814		66,585		54,068
Other		38,404		38,504		36,052
Total long-term liabilities	$	331,305	$	421,034	$	419,946