Neiman Marcus 2006 Annual Report Download - page 49

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The following table summarizes the expiration of our significant commercial commitments outstanding at July 28, 2007:
Amount of Commitment by Expiration Period
(in thousands) Total
Fiscal Year
2008
Fiscal
Years
2009-2010
Fiscal
Years
2011-2012
Fiscal Year
2013 and
Beyond
Other commercial commitments:
Senior secured asset-based revolving credit
facility(1) $ 600,000 $ — $ — $ 600,000 $ —
Surety bonds 4,100 4,100 — — —
$ 604,100 $ 4,100 $ — $ 600,000 $ —
(1) As of July 28, 2007, we had no borrowings outstanding under our new senior secured asset-based revolving credit facility and
had $573.1 million of unused borrowing availability, after giving effect to $26.9 million of outstanding letters of credit. Our
working capital requirements are greatest in the first and second fiscal quarters as a result of higher seasonal requirements. See
"Description of Other Indebtedness—Senior Secured Asset-Based Revolving Credit Facility" and "Management's Discussion and
Analysis of Financial Conditions and Results of Operations—Seasonality."
In addition to the items presented above, our other principal commercial commitments are comprised of common area
maintenance costs, tax and insurance obligations and contingent rent payments.
OTHER MATTERS
Factors That May Affect Future Results
Matters discussed in MD&A include forward-looking statements. Forward-looking statements generally can be identified by the
use of forward-looking terminology such as "may," "plan," "predict," "expect," "estimate," "intend," "would," "could," "should,"
"anticipate," "believe," "project" or "continue." We make these forward-looking statements based on our expectations and beliefs
concerning future events, as well as currently available data. These forward-looking statements involve a number of risks and
uncertainties and, therefore, are not guarantees of future performance. A variety of factors could cause our actual results to differ
materially from the anticipated or expected results expressed in our forward-looking statements. Factors that could affect future
performance include, but are not limited, to:
Political and General Economic Conditions
• current political and general economic conditions or changes in such conditions including relationships between the United
States and the countries from which we source our merchandise;
• terrorist activities in the United States and elsewhere;
• political, social, economic, or other events resulting in the short- or long-term disruption in business at our stores,
distribution centers or offices;
Customer Demographic Issues
• changes in the demographic or retail environment;
• changes in consumer confidence resulting in a reduction of discretionary spending on goods;
• changes in consumer preferences or fashion trends;
• changes in our relationships with key customers;
• changes in our proprietary credit card arrangement that adversely impact the ability to provide credit to our customers;
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