Barnes and Noble 2006 Annual Report Download - page 19

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Share repurchases under this program may be made
through open market and privately negotiated transactions
from time to time and in such amounts as manage-
ment deems appropriate. As of February , , the
Company has repurchased ,, shares at a cost of
approximately . million under its share repurchase
programs. The maximum dollar value of common shares
that may yet be purchased under the current program is
approximately . million as of February , . The
repurchased shares are held in treasury.
On September , , the Company completed its acqui-
sition of all of Bertelsmann AG’s (Bertelsmann) interest
in barnesandnoble.com llc (Barnes & Noble.com). The
purchase price paid by the Company was . million
(including acquisition related costs) in a combination
of cash and a note. The note issued to Bertelsmann in
the amount of . million was paid in fi scal . As
a result of the acquisition, the Company increased its
economic interest in Barnes & Noble.com to approxi-
mately . On May , , the Company completed a
merger (the Merger) pursuant to which Barnes & Noble.
com became a wholly owned subsidiary of the Company.
The purchase price paid by the Company in the Merger
was . million (including acquisition related costs).
Contractual Obligations
The following table sets forth the Company’s contractual obligations as of February ,  (in millions):
CONTRACTUAL OBLIGATIONS PAYMENTS DUE BY PERIOD
Total
Less Than
1 Year 1-3 Years 3-5 Years
More Than
5 Years
Long-term debt $ — $ — $ — $ — $ —
Capital lease obligations — — — — —
Operating leases 2,241.9 353.0 650.4 515.3 723.2
Purchase obligations 50.2 36.2 10.2 3.7 0.1
Other long-term liabilities refl ected on the
registrant’s balance sheet under GAAP — — — — —
Total $ 2,292.1 $ 389.2 $ 660.6 $ 519.0 $ 723.3
See also Note 9 to the Notes to Consolidated Financial Statements for information concerning the Company’s Pension and Postretirement Plans.
2006 Annual Report 17