Plantronics 2009 Annual Report Download - page 60

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52
We believe that our current cash, cash equivalents and cash provided by operations will be sufficient to fund operations for at least the
next twelve months and do not believe that any reduction in the liquidity of the ARS will have a material impact on our overall ability
to meet our liquidity needs; however, any projections of future financial needs and sources of working capital are subject to
uncertainty. See “Certain Forward-Looking Information” and “Risk Factors” in this Annual Report on Form 10-K for factors that
could affect our estimates for future financial needs and sources of working capital.
OFF BALANCE SHEET ARRANGEMENTS
We have not entered into any transactions with unconsolidated entities whereby we have financial guarantees, subordinated retained
interests, derivative instruments or other contingent arrangements that expose us to material continuing risks, contingent liabilities, or
any other obligation under a variable interest in an unconsolidated entity that provides financing and liquidity support or market risk or
credit risk support to the Company.
CONTRACTUAL OBLIGATIONS
The following table summarizes the contractual obligations that we were reasonably likely to incur as of March 31, 2009 and the
effect that such obligations are expected to have on our liquidity and cash flows in future periods.
Less than 1-3 3-5 More than
(in thousands) Total 1 year years years 5 years
Operating leases $ 14,774 $ 5,066 $ 5,678 $ 3,037 $ 993
Unconditional purchase obligations 63,365 63,365 - - -
Total contractual cash obligations $ 78,139 $ 68,431 $ 5,678 $ 3,037 $ 993
Payments Due by Period
Effective April 1, 2007, we adopted the provisions of FIN 48. As of March 31, 2009, the liabilities for uncertain tax positions and
related interest were $11.1 million and $1.6 million, respectively. We are unable to reliably estimate the timing of future payments
related to uncertain tax positions; therefore, $12.7 million of income taxes payable has been excluded from the table above. However,
long-term income taxes payable on our consolidated balance sheet includes these uncertain tax positions. We do not anticipate
material cash payments to be made within the next twelve months associated with our uncertain tax positions.