Long-Term Debt Long-Term Debt

9 Months Ended

Jan. 31, 2015

Long-term Debt, Unclassified [Abstract]

Long-term Debt

NOTE 8: LONG-TERM DEBT

The components of long-term debt are as follows:

(in 000s)
As of	January 31, 2015			January 31, 2014			April 30, 2014
Senior Notes, 5.500%, due November 2022	$	497,823		$	497,541		$	497,612
Senior Notes, 5.125%, due October 2014	—			399,824			399,882
Capital lease obligation	8,418			9,164			8,980
	506,241			906,529			906,474
Less: Current portion	(781		)	(400,570		)	(400,637		)
	$	505,460		$	505,959		$	505,837

Our 5.125% Senior Notes with a principal balance of $400 million matured in October 2014 and, utilizing available cash on hand, we repaid them according to their terms.

In addition to our long-term debt obligations, we also had commercial paper borrowings of $591.5 million at January 31, 2015, compared to $195.0 million at the same time last year. These borrowings were used to fund our seasonal working capital needs.