Dick's Sporting Goods 2014 Annual Report Download - page 59

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33
Contractual Obligations and Commercial Commitments
The Company is party to many contractual obligations that involve commitments to make payments to third parties in the
ordinary course of business. The following table provides summary information concerning our future contractual obligations
(within the scope of Item 303(a)(5) of Regulation S-K) as of January 31, 2015 (in thousands):
Payments Due by Period
Total Less than
1 year 1-3 years 3-5 years More than
5 years
Contractual obligations:
Capital lease obligations (see Note 7) $ 5,994 $ 429 $ 1,001 $ 1,320 $ 3,244
Other long-term debt 456 108 239 109 —
Interest payments (see Note 7) 3,213 595 1,047 827 744
Operating lease obligations (see
Note 8) (a) 3,503,893 505,519 981,276 780,751 1,236,347
Unrecognized tax benefits (b) 3,643 3,643 — — —
Purchase and other commitments (see
Note 14) (c) 280,968 63,997 87,714 88,496 40,761
Total contractual obligations $ 3,798,167 $ 574,291 $ 1,071,277 $ 871,503 $ 1,281,096
(a) Amounts include direct lease obligations, excluding any taxes, insurance and other related expenses.
(b) Excludes $6,501 of accrued liability for unrecognized tax benefits as we cannot reasonably estimate the timing of
settlement. These payments include interest and penalties.
(c) The Company's purchase obligations relate primarily to marketing commitments, including naming rights, licenses for
trademarks, corporate aircraft, and technology-related and other ordinary course commitments. In the ordinary course
of business, the Company enters into many contractual commitments, including purchase orders and commitments for
products or services, but generally, such commitments represent annual or cancellable commitments. The amount of
purchase obligations shown is based on multi-year non-cancellable contracts outstanding at the end of fiscal 2014.
The Note references in the table above are to the Notes to the 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, 2015 (in thousands):
Total Less than
1 year
Other commercial commitments:
Documentary letters of credit $ — $ —
Standby letters of credit 14,031 14,031
Total other commercial commitments $ 14,031 $ 14,031
The Company expects to fund these commitments primarily with operating cash flows generated in the normal course of
business.
Off-Balance Sheet Arrangements
The majority of our contractual obligations relate to operating leases for our stores. Future scheduled lease payments under non-
cancellable operating leases as of January 31, 2015 are described under the heading "Operating lease obligations" in the table
above.