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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
May 03, 2014
Apr. 27, 2013
Apr. 28, 2012
Cash flows from operating activities:      
Net loss $ (47,268) $ (157,806) $ (64,840)
Adjustments to reconcile net loss to net cash flows from operating activities:      
Depreciation and amortization (including amortization of deferred financing fees) 222,764 232,604 238,048
Stock-based compensation expense 12,171 20,187 20,775
Non-cash impairment charges 32,390 24,473 11,747
Deferred taxes 43,225 (118,893) (37,570)
(Gain) loss on disposal of property and equipment (572) (750) 2,590
Increase (decrease) in other long-term liabilities (10,382) 24,985 (30,072)
Changes in operating assets and liabilities, net 67,628 92,591 (164,790)
Net cash flows provided by (used in) operating activities 319,956 117,391 (24,112)
Cash flows from investing activities:      
Purchases of property and equipment (134,981) (165,835) (163,552)
Net (increase) decrease in other noncurrent assets 6,482 (5,745) (13,326)
Other investing activities, net   (4,100)  
Proceeds from sale of distribution center     18,000
Purchase of Borders Group, Inc. intellectual property     (14,528)
Net cash flows used in investing activities (128,499) (175,680) (173,406)
Cash flows from financing activities:      
Net proceeds from issuance of Preferred Membership interests   380,623  
Net proceeds from Microsoft Commercial Agreement financing arrangement 84,675 48,706  
Proceeds from credit facility 734,000 1,639,600 1,912,894
Payments on credit facility (811,000) (1,886,800) (1,901,794)
Proceeds from exercise of common stock options 1,031 3,400 1,097
Purchase of treasury stock (5,254) (5,573) (4,090)
Excess tax benefit from stock-based compensation 560 439 193
Cash dividends paid to shareholders (15,768) (15,767) (7,081)
Net proceeds from issuance of Series J preferred stock     191,379
Payment of new deferred financing fees     (378)
Net cash flows provided by (used in) financing activities (11,756) 164,628 192,220
Net increase (decrease) in cash and cash equivalents 179,701 106,339 (5,298)
Cash and cash equivalents at beginning of year 160,470 54,131 59,429
Cash and cash equivalents at end of year 340,171 160,470 54,131
Changes in operating assets and liabilities, net:      
Receivables, net 5,388 20,578 (19,653)
Merchandise inventories 176,134 151,072 (186,479)
Prepaid expenses and other current assets (287) (7,085) (23,748)
Accounts payable and accrued liabilities (113,607) (71,974) 65,090
Changes in operating assets and liabilities, net 67,628 92,591 (164,790)
Supplemental cash flow information:      
Interest paid 20,115 24,925 28,298
Income taxes (net of refunds) 3,471 3,822 1,613
Non cash financing activity:      
Accrued dividend on redeemable preferred shares $ 4,202 $ 3,942 $ 3,963