Debt (Tables)

9 Months Ended

Jan. 25, 2020

Our long-term debt consists of the following:


			Carrying Value
	Interest Rate		January 25, 2020		April 27, 2019

Senior notes due fiscal 2022⁽¹⁾	3.59	%	$	100,750	$	165,000
Senior notes due fiscal 2024⁽¹⁾	3.74	%	33,000		100,000
Senior notes due fiscal 2025 ⁽²⁾	3.48	%	117,500		250,000
Senior notes due fiscal 2028 ⁽³⁾	3.79	%	40,000		150,000
Term loan due fiscal 2022 ⁽⁴⁾	3.73	%	—		87,091
Term loan due fiscal 2023 ⁽⁵⁾	3.41	%	300,000		—
Less: Deferred debt issuance costs			(3,795)		(2,775)
Total debt			587,455		749,316
Less: Current maturities of long-term debt			—		(23,975)
Long-term debt			$	587,455	$	725,341

⁽¹⁾Issued in December 2011.

⁽²⁾Issued in March 2015.

⁽³⁾Issued in March 2018.

⁽⁴⁾Issued in June 2015, amended in January 2017.

⁽⁵⁾Issued in December 2019. Interest rate is LIBOR plus 1.75% as of January 25, 2020.

Schedule of Future Principal Payments Due on Contractual Maturities of Long-term Debt

Future principal payments due, based on stated contractual maturities for our long-term debt, are as follows as of January 25, 2020:


Fiscal Year
Remainder of 2020	$	—
2021	—
2022	100,750
2023	300,000
2024	33,000
Thereafter	157,500
Total	$	591,250

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details