Jack In The Box 2013 Annual Report Download - page 31

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
The following is a summary of our contractual obligations and commercial commitments as of September 29, 2013 (in thousands):








Credit facility term loan (1)
$204,537
$23,997
$46,680
$133,860
$ —
Revolving credit facility (1)
194,566
4,348
8,696
181,522
—
Capital lease obligations
7,021
1,384
2,458
1,864
1,315
Operating lease obligations
1,721,197
229,287
434,761
333,265
723,884
Purchase commitments (2)
1,598,949
662,729
470,078
222,337
243,805
Benefit obligations (3)
74,073
13,178
11,704
12,102
37,089
Unrecognized tax benefits
769
769
—
—
—
Total contractual obligations
$3,801,112
$935,692
$974,377
$884,950
$1,006,093

Stand-by letters of credit (4)
$28,095
$28,095
$ —
$ —
$ —
____________________________
(1) Includes interest expense estimated at interest rates in effect on September 29, 2013. Does not consider impact of the refinancing of our credit facility.
(2) Includes purchase commitments for food, beverage, and packaging items.
(3) Includes expected payments associated with our non-qualified defined benefit plan, postretirement benefit plans and our non-qualified deferred compensation plan through
fiscal 2023.
(4) Consists primarily of letters of credit for workers’ compensation and general liability insurance.
We maintain a noncontributory defined benefit pension plan (“Qualified Plan”) covering substantially all full-time employees hired before January 1, 2011.
Our policy is to fund our Qualified Plan at amounts necessary to satisfy the minimum amount required by law, plus additional amounts as determined by
management to improve the plan’s funded status. Contributions beyond fiscal 2013 will depend on pension asset performance, future interest rates, future tax
law changes, and future changes in regulatory funding requirements. Based on the funding status of our Qualified Plan as of our last measurement date, there
was no minimum contribution required. For additional information related to our pension plans, refer to Note 11, Retirement Plans, of the notes to the
consolidated financial statements.
29