ServiceMagic 2011 Annual Report Download - page 49

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CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS
Off-Balance Sheet Arrangements
Other than the items described above, the Company does not have any off-balance sheet arrangements as of December 31, 2011.
46
Payments Due by Period
Contractual Obligations(a)
Total
Less Than
1 Year
1
–
3
Years
3
–
5
Years
More Than
5 Years
(In thousands)
Long
-
term debt(b)
$
193,508
$
5,109
$
24,399
$
8,000
$
156,000
Purchase obligations(c)
55,757
19,394
31,697
4,666
—
Operating leases
280,288
22,209
35,009
26,972
196,098
Total contractual cash obligations
$
529,553
$
46,712
$
91,105
$
39,638
$
352,098
(a)
The Company has excluded $303.1 million in unrecognized tax benefits and related interest from the table above as we are
unable to make a reasonably reliable estimate of the period in which these liabilities might be paid. For additional
information on income taxes, see Note 4 to the consolidated financial statements.
(b) Represents contractual amounts due including interest.
(c)
The purchase obligations primarily include advertising commitments, which commitments are reducible or terminable such
that these commitments can never exceed associated revenue by a meaningful amount. Purchase obligations also include
minimum payments due under telecommunication contracts related to data transmission lines.
Amount of Commitment Expiration Per Period
Other Commercial Commitments* Total Amounts
Committed Less Than
1 Year 1–3
Years 3–5
Years More Than
5 Years
(In thousands)
Guarantee and letters of credit
$
8,676
$
8,676
$
—
$
—
$
—
*
Commercial commitments are funding commitments that could potentially require registrant performance in the event of
demands by third parties or contingent events, such as under a guarantee of debt or under lines of credit extended.