Dick's Sporting Goods 2015 Annual Report Download - page 64

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14. Commitments and Contingencies
Marketing and Naming Rights Commitments
Within the ordinary course of business, the Company enters into contractual commitments in order to promote the Company's
brand and products, including media and naming rights extending through 2026. The aggregate payments under these
commitments were $43.0 million, $52.1 million and $29.0 million during fiscal 2015, 2014 and 2013, respectively. The
aggregate amount of future minimum payments at January€30, 2016 is as follows (in thousands):
Fiscal Year
2016 $38,336
2017 7,677
2018 3,176
2019 3,266
2020 2,799
Thereafter 17,611
Total $72,865
Licenses for Trademarks
Within the ordinary course of business, the Company enters into licensing agreements for the exclusive or preferential rights to
use certain trademarks extending through 2020. Under specific agreements, the Company is obligated to pay annual guaranteed
minimum royalties. Also, the Company is required to pay additional royalties when the royalties that are based on qualified
purchases or retail sales (dependent upon the agreement) exceed the guaranteed minimum. The aggregate payments under these
commitments were $18.2 million, $16.4 million and $16.8 million during fiscal 2015, 2014 and 2013, respectively. The
aggregate amount of future minimum payments at January€30, 2016 is as follows (in thousands):
Fiscal Year
2016 $8,650
2017 8,800
2018 8,950
2019 9,100
2020 8,100
Thereafter —
Total $43,600
DICK'S SPORTING GOODS,€INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
58