Debt (Tables)

12 Months Ended

Apr. 29, 2017

Debt Disclosure [Abstract]

Debt

Our long-term debt consists of the following:

			Carrying Value
	Interest Rate		April 29, 2017			April 30, 2016
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 2022 (4)	2.24	%	291,387			317,625
Less: Deferred debt issuance costs			(3,361		)	(3,970		)
Total debt			1,013,026			1,038,655
Less: Current maturities of long-term debt			(14,754		)	(16,500		)
Long-term debt			$	998,272		$	1,022,155

(1) Issued in March 2008.

(2) Issued in December 2011.

(3) Issued in March 2015.

(4) Issued in June 2015, amended in January 2017. Interest rate is LIBOR plus 1.25% as of April 29, 2017.

Schedule of Maturities of Long-term Debt

Future principal payments due, based on stated contractual maturities for our long-term debt, are as follows as of April 29, 2017:

Fiscal Year
2018 (1)	$	164,754
2019	76,598
2020	23,975
2021	29,508
2022	371,552
Thereafter	350,000
Total	$	1,016,387

(1) Includes $150,000 classified as long-term debt on the consolidated balance sheet as we have both the intent and ability to refinance at the time the debt is set to mature in March 2018.