Other Long-Term Liabilities

3 Months Ended

Jul. 27, 2013

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 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 July 27, 2013, July 28, 2012 and April 27, 2013:

	July 27, 2013		July 28, 2012		April 27, 2013
Deferred rent	$	144,780	$	174,545	$	149,934
Junior seller note		127,250		150,000		127,250
Microsoft Commercial Agreement financing transaction (see Note 15)		74,685		—		52,642
Tax liabilities and reserves		55,107		—		54,068
Other		35,903		34,812		36,052
Total long-term liabilities	$	437,725	$	359,357	$	419,946