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GES » Topics » Contractual Obligations and Commitments

These excerpts taken from the GES 10-K filed Mar 31, 2009.

Contractual Obligations and Commitments

        The following table summarizes the Company's contractual obligations at January 31, 2009 and the effects such obligations are expected to have on liquidity and cash flow in future periods (dollars in thousands):

 
   Payments due by period  
 
   Total   Less than
1 year 		  1-3
years 		  3-5
years 		  More than
5 years 		 

Contractual Obligations:

                                

Short-term borrowings

   $ 22,304   $ 22,304   $ —   $ —   $ —  

Capital lease obligations(1)

     21,964     2,860     5,043     4,762     9,299  

Operating lease obligations(2)

     828,331     126,019     215,688     186,481     300,143  

Purchase obligations

     111,502     111,502     —     —     —  

Benefit obligations(3)

     95,520     3,220     2,174     232     89,894  

Other long-term liabilities(4)

     5,557     1,546     4,011     —     —  
                       
 

Total

   $ 1,085,178   $ 267,451   $ 226,916   $ 191,475   $ 399,336  
                       

Other commercial commitments(5)

   $ 24,915   $ 24,915   $ —   $ —   $ —  
                       
(1)
Includes interest on long-term debt and capital lease obligations.

(2)
Does not include insurance, taxes and common area maintenance charges. In fiscal 2009, these variable charges totaled $42.5 million.

(3)
Includes expected payments associated with the deferred compensation plan and the Supplemental Executive Retirement Plan through fiscal 2037.

(4)
Includes FIN 48 tax liabilities. The Company is unable to determine when these open items will be resolved. For purposes of this table, the full FIN 48 liability has been included in payments due in 1-3 years.

(5)
Consists of standby letters of credit for guarantee of foreign subsidiary's borrowings, workers' compensation and general liability insurance.

46

Table of Contents

Contractual Obligations and Commitments

        The following table summarizes the Company's contractual obligations at January 31, 2009 and the effects such obligations are expected to have on liquidity and cash flow in future periods (dollars in thousands):

 
   Payments due by period  
 
   Total   Less than
1 year 		  1-3
years 		  3-5
years 		  More than
5 years 		 

Contractual Obligations:

                                

Short-term borrowings

   $ 22,304   $ 22,304   $ —   $ —   $ —  

Capital lease obligations(1)

     21,964     2,860     5,043     4,762     9,299  

Operating lease obligations(2)

     828,331     126,019     215,688     186,481     300,143  

Purchase obligations

     111,502     111,502     —     —     —  

Benefit obligations(3)

     95,520     3,220     2,174     232     89,894  

Other long-term liabilities(4)

     5,557     1,546     4,011     —     —  
                       
 

Total

   $ 1,085,178   $ 267,451   $ 226,916   $ 191,475   $ 399,336  
                       

Other commercial commitments(5)

   $ 24,915   $ 24,915   $ —   $ —   $ —  
                       
(1)
Includes interest on long-term debt and capital lease obligations.

(2)
Does not include insurance, taxes and common area maintenance charges. In fiscal 2009, these variable charges totaled $42.5 million.

(3)
Includes expected payments associated with the deferred compensation plan and the Supplemental Executive Retirement Plan through fiscal 2037.

(4)
Includes FIN 48 tax liabilities. The Company is unable to determine when these open items will be resolved. For purposes of this table, the full FIN 48 liability has been included in payments due in 1-3 years.

(5)
Consists of standby letters of credit for guarantee of foreign subsidiary's borrowings, workers' compensation and general liability insurance.

46

Table of Contents

This excerpt taken from the GES 10-K filed Apr 1, 2008.

Contractual Obligations and Commitments

        The following table summarizes the Company's contractual obligations at February 2, 2008 and the effects such obligations are expected to have on liquidity and cash flow in future periods (dollars in thousands):

 
   Payments due by period
 
   Total
   Less than
1 year
   1-3
years
   3-5
years
   More than
5 years
Contractual Obligations:                              
Short-term borrowings   $ 32,427   $ 32,427   $ —   $ —   $ —
Debt obligations(1)     1,189     643     546     —     —
Capital lease obligations(1)     24,854     2,868     4,989     4,880     12,117
Operating lease obligations(2)     647,651     102,403     175,881     141,418     227,949
Purchase obligations     122,658     122,658     —     —     —
Benefit obligations (3)     110,448     —     —     7,253     103,195
Other long-term liabilities (4)     8,421     7,878     543     —     —
   
 
 
 
 
  Total   $ 947,648   $ 268,877   $ 181,959   $ 153,551   $ 343,261
   
 
 
 
 
Other commercial commitments(5)   $ 23,827   $ 23,827   $ —   $ —   $ —
   
 
 
 
 
(1)
Includes interest on long-term debt and capital lease obligations.

(2)
Does not include insurance, taxes and common area maintenance charges. In fiscal 2008, these variable charges totaled $36.5 million.

(3)
Includes expected payments associated with deferred compensation plan and SERP through fiscal 2037.

(4)
Includes FIN 48 tax liabilities. The Company is unable to determine when these open items will be resolved. For purposes of this table, the full FIN 48 liability has been included in payments due in less than 1 year.

(5)
Consists of standby letters of credit for guarantee of foreign subsidiary's borrowings, workers' compensation and general liability insurance.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 31, 2009
10-K
Apr 1, 2008

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