Henry Schein 2009 Annual Report Download - page 110

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HENRY SCHEIN, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(In thousands, except share and per share data)
98
Note 15 – Commitments and Contingencies – (Continued)
Employment, Consulting and Non-Compete Agreements
We have definite-lived employment, consulting and non-compete agreements expiring through 2013
that have varying base aggregate annual payments of approximately $9.8 million in 2010, which decrease
periodically to approximately $0.2 million in 2013. We also have lifetime consulting agreements that
provide for current compensation of $0.4 million per year, increasing $25 every fifth year with the next
increase in 2012. In addition, some agreements have provisions for additional incentives and
compensation.
Note 16 – Supplemental Cash Flow Information
Cash paid for interest and income taxes was:
December 26,
2009
December 27,
2008
December 29,
2007
Interest .......................................................................... 22,202$ 30,249$ 26,891$
Income taxes ................................................................. 170,024 109,103 100,476
Years ended
There was approximately $3.7 million, $0.8 million and $2.0 million of debt assumed as a part of the
acquisitions for the years ended December 26, 2009, December 27, 2008 and December 29, 2007,
respectively. During the years ended December 26, 2009, December 27, 2008 and December 29, 2007, we
had $21.5 million, $0.6 million and $1.7 million of non-cash net unrealized gains related to foreign
currency hedging activities. During the year ended December 26, 2009, we exchanged a loan receivable
from D4D in the amount of $7.6 million for equity securities in D4D.