Dick's Sporting Goods 2015 Annual Report Download - page 65

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Other
The Company also has other non-cancellable contractual commitments, including corporate aircraft and technology-related
commitments extending through 2020. The aggregate payments under these commitments were $11.7 million, $8.7 million and
$43.9 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 $7,988
2017 3,660
2018 36,502
2019 5,645
2020 1,145
Thereafter —
Total $54,940
The Company is involved in legal proceedings incidental to the normal conduct of its business. Although the outcome of any
pending legal proceedings cannot be predicted with certainty, management believes that adequate insurance coverage is
maintained and that the ultimate resolution of these matters will not have a material adverse effect on the Company's liquidity,
financial position or results of operations.
DICK'S SPORTING GOODS,€INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
15. Fair Value Measurements
ASC 820, "Fair Value Measurement and Disclosures", outlines a valuation framework and creates a fair value hierarchy for
assets and liabilities as follows:
Level€1:€€Observable inputs such as quoted prices in active markets;
Level€2:€€Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and
Level€3:€€Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own
assumptions.
Assets measured at fair value on a recurring basis as of January€30, 2016 and January€31, 2015 are set forth in the table below:
Level€1
Description
January 30,
2016
January 31,
2015
Assets:
Deferred compensation plan assets held in trust€(1) $53,040 $52,193
Total assets $53,040 $52,193
(1) Consists of investments in various mutual funds made by eligible individuals as part of the Company's deferred
compensation plan (See Note€13).
The fair value of cash and cash equivalents, accounts receivable, accounts payable and certain other liabilities approximated
book value due to the short-term nature of these instruments at both January€30, 2016 and January€31, 2015.
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