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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
May. 02, 2015
May. 03, 2014
Apr. 27, 2013
Cash flows from operating activities:      
Net income (loss) $ 36,596 $ (47,268) $ (157,806)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:      
Depreciation and amortization (including amortization of deferred financing fees) 199,652 222,764 232,604
Stock-based compensation expense 19,989 12,171 20,187
Non-cash impairment charges 373 32,390 24,473
Deferred taxes (12,578) 43,225 (118,893)
(Gain) loss on disposal of property and equipment 4,843 (572) (750)
Increase (decrease) in other long-term liabilities (30,532) (10,382) 24,985
Pension reclassification (see Note 8) 7,317    
Changes in operating assets and liabilities, net (169,752) 67,628 92,591
Net cash flows provided by operating activities 55,908 319,956 117,391
Cash flows from investing activities:      
Purchases of property and equipment (143,257) (134,981) (165,835)
Net (increase) decrease in other noncurrent assets (5,712) 6,482 (5,745)
Other investing activities, net (3,000)   (4,100)
Net cash flows used in investing activities (151,969) (128,499) (175,680)
Cash flows from financing activities:      
Net proceeds from issuance of Preferred Membership interests     380,623
Net proceeds from Microsoft Commercial Agreement financing arrangement 57,161 84,675 48,706
Proceeds from credit facility 349,400 734,000 1,639,600
Payments on credit facility (349,400) (811,000) (1,886,800)
Proceeds from exercise of common stock options 1,282 1,031 3,400
Purchase of treasury stock (10,607) (5,254) (5,573)
Excess tax benefit from stock-based compensation 1,865 560 439
Cash dividends paid to shareholders (16,026) (15,768) (15,767)
Payment of Junior Seller Note (127,250)    
Acquisition of Preferred Membership Interests (76,175)    
Net cash flows provided by (used in) financing activities (169,750) (11,756) 164,628
Net increase (decrease) in cash and cash equivalents (265,811) 179,701 106,339
Cash and cash equivalents at beginning of year 340,171 160,470 54,131
Cash and cash equivalents at end of year 74,360 340,171 160,470
Changes in operating assets and liabilities, net:      
Receivables, net 45,405 5,388 20,578
Merchandise inventories (58,529) 176,134 151,072
Textbook rental inventories (4,734) 3,410 (19,956)
Prepaid expenses and other current assets 1,249 (3,697) 12,871
Accounts payable and accrued liabilities (153,143) (113,607) (71,974)
Changes in operating assets and liabilities, net (169,752) 67,628 92,591
Supplemental cash flow information:      
Interest paid 16,548 20,115 24,925
Income taxes (net of refunds) 95,584 3,471 3,822
Non-cash financing activity:      
Accrued dividend on redeemable preferred shares 3,941 $ 4,202 $ 3,942
Acquisition of Preferred Membership Interests for 2,737,290 shares of common stock of Barnes & Noble $ 76,175