Dick's Sporting Goods 2006 Annual Report Download - page 56

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The following table provides information about the Credit Agreement borrowings as of and for the periods:
2006 2005
(Dollars in thousands)
Balance, fiscal period end $–$–
Average interest rate 6.57% 4.76%
Maximum outstanding during the year $169,981 $ 251,963
Average outstanding during the year $57,138$134,610
Other Debt — Other debt, exclusive of capital lease obligations, consists of the following as of the end of the fiscal periods:
2006 2005
(Dollars in thousands)
Third-Party:
Note payable, due in monthly installments of approximately $4,
including interest at 4%, through 2020 $ 708 $752
Related Party:
Note payable to a former principal stockholder, due in monthly installments
of approximately $14, including interest at 12%, through May 1, 2006–40
Total other debt 708 792
Less current portion of:
Third-party (46)(44)
Related party –(40)
Total Other Long-Term Debt $ 662 $ 708
Certain of the agreements pertaining to long-term debt contain financial and other restrictive covenants, none of which are more
restrictive than those of the Credit Agreement as discussed herein.
Scheduled principal payments on other long-term debt as of February 3, 2007 are as follows:
Fiscal Year
(In thousands)
2007 $46
2008 48
200949
2010 52
2011 53
Thereafter 460
$ 708
Capital Lease Obligations — The Company leases two buildings from the estate of a former stockholder, who is related to current
stockholders of the Company, under a capital lease entered into May 1, 1986 which expires in April 2021. In addition, the Company
has a capital lease for a store location with a fixed interest rate of 10.6% that matures in 2024. The gross and net carrying values of
assets under capital leases are approximately $8.2 million and $4.2 million, respectively as of February 3, 2007 and $8.2 million and
$4.6 million, respectively as of January 28, 2006.
DICK’S SPORTING GOODS, INC. 2006 ANNUAL REPORT
54