Citrix 2009 Annual Report Download - page 66

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addition, as of December 31, 2009, we did not have any prepaid notional amounts remaining under our structured
stock repurchase programs and during the period we did not make any up-front payments to financial institutions
related to structured stock repurchase agreements.
During the year ended December 31, 2008, we took delivery of 4,406,757 shares at an average price of
$33.30 per share from our structured repurchase agreements and we expended approximately $197.6 million on
open market purchases repurchasing 6,451,591 shares of outstanding common stock at an average price of
$30.63. In addition, during the period we made up-front payments of $58.9 million to certain financial
institutions related to structured stock repurchase agreements.
During the year ended December 31, 2007, we took delivery of 1,655,089 shares at an average price of
$35.34 per share from our structured repurchase agreements and we expended approximately $150.0 million on
open market purchases repurchasing 3,720,800 shares of outstanding common stock at an average price of
$40.31. In addition, during the period we made up-front payments of $110.0 million to certain financial
institutions related to structured stock repurchase agreements.
During the year ended December 31, 2009, we repurchased 46,732 shares totaling $1.8 million to satisfy tax
withholding obligations that arose on the vesting of shares of unvested stock units. These shares are reflected as
treasury stock in our consolidated balance sheet.
Contractual Obligations and Off-Balance Sheet Arrangement
Contractual Obligations
We have certain contractual obligations that are recorded as liabilities in our consolidated financial
statements. Other items, such as operating lease obligations, are not recognized as liabilities in our consolidated
financial statements, but are required to be disclosed in the notes to our consolidated financial statements.
The following table summarizes our significant contractual obligations at December 31, 2009 and the future
periods in which such obligations are expected to be settled in cash. Additional details regarding these
obligations are provided in the notes to our consolidated financial statements (in thousands):
Payments due by period
Total Less than 1 Year 1-3 Years 4-5 Years More than 5 Years
Operating lease obligations(1) ............ $251,292 $48,123 $86,896 $61,427 $54,846
Purchase obligations(2) .................. 5,812 5,812 — — —
Total contractual obligations(3) ........... $257,104 $53,935 $86,896 $61,427 $54,846
(1) In 2008, we entered into a lease to acquire additional office space in Santa Clara, CA. The rental
commencement date will not begin until 2011 and the pricing for the lease will not be finalized until a future
date. Accordingly, the future payment obligations related to this lease are not included in the table above.
(2) Purchase obligations represent non-cancelable commitments to purchase inventory ordered before year-end.
(3) Total contractual obligations do not include agreements where our commitment is variable in nature or
where cancellations without payment provisions exist and excludes $46.2 million of liabilities related to
uncertain tax positions recorded in accordance with authoritative guidance, because we could not make
reasonably reliable estimates of the period or amount of cash settlement with the respective taxing
authorities. See Note 11 to our consolidated financial statements included in this Annual Report on Form
10-K for the year ended December 31, 2009 for further information.
As of December 31, 2009, we did not have any individually material capital lease obligations or other
material long-term commitments reflected on our consolidated balance sheets.
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