Debt (Tables)

12 Months Ended

Apr. 30, 2016

Debt Disclosure [Abstract]

Debt

Our long-term debt consists of the following:

			Carrying Value
	Interest Rate		April 30, 2016			April 25, 2015
Senior notes due fiscal 2018 1	5.75	%	$	150,000		$	150,000
Senior notes due fiscal 2019 2	2.95	%	60,000			60,000
Senior notes due fiscal 2022 2	3.59	%	165,000			165,000
Senior notes due fiscal 2024 2	3.74	%	100,000			100,000
Senior notes due fiscal 2025 3	3.48	%	250,000			250,000
Term loan due fiscal 2021 4	1.81	%	317,625			—
Less: Deferred debt issuance costs			(3,970		)	(2,458		)
Total debt			1,038,655			722,542
Less: Current maturities of long-term debt			(16,500		)	—
Long-term debt			$	1,022,155		$	722,542

1. Issued in March 2008.

2. Issued in December 2011.

3. Issued in March 2015.

4. Issued in June 2015. Interest rate is LIBOR plus 1.375% as of April 30, 2016.

Schedule of Maturities of Long-term Debt

Expected future principal payments for our long-term debt are as follows as of April 30, 2016:

Fiscal Year
2017	$	16,500
2018	174,750
2019	93,000
2020	33,000
2021	210,375
Thereafter	515,000
Total	$	1,042,625