Dick's Sporting Goods 2008 Annual Report Download - page 36

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Contractual Obligations and Other Commercial Commitments
The following table summarizes the Company’s material contractual obligations, including both on and off-balance sheet
arrangements in effect at January 31, 2009, and the timing and effect that such commitments are expected to have on the Company’s
liquidity and capital requirements in future periods:
Less than More than
Payments Due by Period Total 1 year 1-3 years 3-5 years 5 years
(Dollars in thousands)
Contractual obligations:
Senior convertible notes (see Note 9) A $ 172,500 $ 172,500 $ — $ — $ —
Capital lease obligations (see Note 9) 8,392 536 937 567 6,352
Other long-term debt (see Note 9) 972 72 161 182 557
Interest payments 7,931 834 1,580 1,425 4,092
Operating lease obligations (see Note 10) B 3,660,562 360,532 730,877 690,801 1,878,352
Unrecognized tax benefi ts C 2,725 2,725 — — —
Naming rights, marketing, and other
commitments (see Note 17) 415,245 29,586 41,419 33,318 310,922
Future minimum guaranteed contractual
payments (see Note 17) 87,940 9,456 22,905 20,331 35,248
Total contractual obligations $ 4,356,267 $ 576,241 $ 797,879 $ 746,624 $ 2,235,523
A Amounts refl ected as payable within the next year based upon the put right exercised by the holders of the notes subsequent to January 31, 2009, which caused
the Company to purchase substantially all of the Notes on February 18, 2009 (see Note 19).
B Amounts include the direct lease obligations, excluding any taxes, insurance and other related expenses.
C Excludes $6,594 of accrued liability for unrecognized tax benefi ts as we can not reasonably estimate the timing of settlement. These payments include interest
and penalties.
The note references above are to the Notes to Consolidated Financial Statements included in Item 8 herein.
The following table summarizes the Company’s other commercial commitments, including both on and off-balance sheet
arrangements, in effect at January 31, 2009:
Less than
Total 1 year
(Dollars in thousands)
Other commercial commitments:
Documentary letters of credit $ 229 $ 229
Standby letters of credit 22,245 22,245
Total other commercial commitments $ 22,474 $ 22,474
The Company expects to fund these commitments primarily with operating cash fl ows generated in the normal course of business.
DICK’S SPORTING GOODS, INC. 2008 ANNUAL REPORT
34