Cabela's 2010 Annual Report Download - page 69

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59
Certificates of Deposit
WFB utilizes brokered and non-brokered certificates of deposit to partially finance its operating activities.
WFB issues certificates of deposit in a minimum amount of one hundred thousand dollars in various maturities. At
January 1, 2011, WFB had $513 million of certificates of deposit outstanding with maturities ranging from January
2011 to April 2016 and with a weighted average effective annual fixed rate of 3.90%. This outstanding balance
compares to $477 million at January 2, 2010, with a weighted average effective annual fixed rate of 4.19%.
Impact of Inflation
We do not believe that our operating results have been materially affected by inflation during the preceding
three years. We cannot assure, however, that our operating results will not be adversely affected by inflation in
the future.
Contractual Obligations and Other Commercial Commitments
The following tables provide summary information concerning our future contractual obligations at
January 1, 2011.
2011 2012 2013 2014 2015 Thereafter Total
(In Thousands)
Long-term debt (1) $ - $ 8,143 $8,143 $8,143 $8,143 $299,428 $332,000
Interest payments on
long-term debt (2) 20,750 20,426 19,807 19,185 18,579 10,377 109,124
Capital lease obligations 1,000 1,000 1,000 1,000 1,000 20,500 25,500
Operating leases 6,983 6,619 6,130 5,897 5,822 84,384 115,835
Time deposits by
maturity 148,619 87,859 103,393 32,061 137,734 3,085 512,751
Interest payments on
time deposits 18,750 12,287 9,347 4,519 2,396 3,014 50,313
Secured obligations
of the Trust 1,091,400 425,000 - - 467,500 -1,983,900
Interest payments on
secured obligations
of the Trust 38,847 10,511 8,106 8,106 3,168 -68,738
Obligations under new
store and expansion
arrangements (3) 25,990 13,454 992 1,036 448 7,605 49,525
Purchase obligations (4) 462,148 29,851 9,888 7,500 196 209 509,792
Unrecognized tax
benefits (5) - - - - - 43,198 43,198
Total $1,814,487 $615,150 $166,806 $87,447 $644,986 $471,800 $3,800,676
(1) Excludes amounts owed under capital lease obligations.
(2) These amounts do not include estimated interest payments due under our revolving credit facilities because
the amount that will be borrowed under these facilities in future years is uncertain.
(3) At January 1, 2011, obligations for new store and expansion arrangements include approximately $37 million
of estimated contractual obligations and commitments associated with projected retail store-related expansion
and certain obligations under economic development bonds. The table does not include any amounts
for contractual obligations associated with retail store locations where we are in the process of certain
negotiations.