Incredimail 2012 Annual Report Download - page 50

F. TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS
The following table summarizes our contractual commitments as of December 31, 2012 and the effect those commitments are expected
to have on our liquidity and cash flow in future periods:
Payments Due by Period
Contractual Commitments Total
Less than
1 year
1-3 Years 3-5 Years
More than
5 Years
(in thousands)
Long
-
term debt, including current
portion(*)
$
8,850
$
2,300
$
6,150
$
400
-
Accrued severance pay(**)
$
933
Uncertain income tax positions(*
**)
$
3,952
-
-
Deferred and contingent
Consideration(****)
$
15,000
$
7,500
$
7,500
Operating leases
$
2,904
$
1,173
$
1,731
-
-
Total
$
31,639
$
10,973
$
15,381
$
400
(*) Long-term debt obligations represent repayment of principal and do not include interest payments due thereunder.
(**) Severance pay obligations to our Israeli employees, as required under Israeli labor law and as set forth in employment agreements, are
payable only upon termination, retirement or death of the respective employee and are for the most part covered by on going payments to
funds to cover its obligation. Of this amount only, $449 is unfunded.
(***) Uncertain income tax positions are due upon settlement and we are unable to reasonbaly estimate the ultimate amount or timing of
settlment. See Note 10i to our consolidated financial statements for further informaiton.
(****) Deferred and contingent consideration represents the maximum cash payments we will be obligated to make under contingent
consideration arrangements with former owners of certain entities we acquired if specified operating objectives and financial results are
achieved.
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