CarMax 2011 Annual Report Download - page 46

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36
Fair Value Measurements. We reported money market securities, retained interest in securitized receivables and
derivative instruments at fair value. See Note 7 for more information on fair value measurements.
CONTRACTUAL OBLIGATIONS
(In millions)
Revolving credit agreement (1) 1.0$ 1.0$ ―$ ―$ ―$ ―$
Capital leases (2) 59.6 3.9 7.9 8.6 39.2 ―
Operating leases (2) 910.0 82.4 163.8 163.4 500.4 ―
Purchase obligations (3) 77.3 58.0 14.6 4.7 ― ―
Asset retirement obligations (4) 1.1 ― ― ― 1.1 ―
Defined benefit retirement plans (5) 36.1 0.4 ― ― ― 35.7
Unrecognized tax benefits (6) 16.1 0.8 ― ― ― 15.3
Total 1,101.2$ 146.5$ 186.3$ 176.7$ 540.7$ 51.0$
As of February 28, 2011
Total
1 Year
Years
Years
5 Years
Other
Less Than
1 to 3
3 to 5
More Than
(1) Due to the uncertainty of forecasting expected variable interest rate payments, those amounts are not included in the table.
See Note 11.
(2) Excludes taxes, insurance and other costs payable directly by us. These costs vary from year to year and are incurred in the
ordinary course of business. See Note 15.
(3) Includes certain enforceable and legally binding obligations related to third-party outsourcing services.
(4) Represents the liability to retire signage, fixtures and other assets at certain leased locations.
(5) Represents the recognized funded status of our retirement plan, of which $35.7 million has no contractual payment schedule
and we expect payments to occur beyond 12 months from February 28, 2011. See Note 10.
(6) Represents the net unrecognized tax benefits related to uncertain tax positions. The timing of payments associated with
$15.3 million of these tax benefits could not be estimated as of February 28, 2011. See Note 9.