ServiceMagic 2014 Annual Report Download - page 50

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Table of Contents
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, 2014.
37
Payments Due by Period
Contractual Obligations
(a)
Less Than
1 Year
1–3
Years
3–5
Years
More Than
5 Years
Total
(In thousands)
Long-term debt
(b)
$
52,125
$
104,250
$
579,875
$
715,250
$
1,451,500
Operating leases
(c)
32,255
57,828
41,113
191,108
322,304
Purchase obligations
(d)
10,710
521
—
—
11,231
Total contractual cash obligations
$
95,090
$
162,599
$
620,988
$
906,358
$
1,785,035
(a)
The Company has excluded $30.9 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 3
to the consolidated financial statements.
(b)
Represents contractual amounts due including interest.
(c)
The Company leases land, office space, data center facilities and equipment used in connection with operations under various operating
leases, many of which contain escalation clauses. The Company is also committed to pay a portion of the related operating expenses under
a data center lease agreement. These operating expenses are not included in the table above.
(d)
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.
Amount of Commitment Expiration Per Period
Other Commercial Commitments
(e)
Less Than
1 Year
1–3
Years
3–5
Years
More Than
5 Years
Total
(In thousands)
Letters of credit and surety bonds
$
1,276
$
—
$
73
$
1,437
$
2,786
(e)
Commercial commitments are funding commitments that could potentially require registrant performance in the event of demands by third
parties or contingent events.