KAMN » Topics » Contractual Obligations

These excerpts taken from the KAMN 10-K filed Feb 28, 2008.

Contractual Obligations

The following table summarizes certain of the company’s contractual obligations as of December 31, 2007:

 

Payments due by period (in millions)
Contractual Obligations    Total    Within 1 year    1-3 years    3-5 years    More than 5
years

Long-term debt

   $ 11.2    $ -    $ 11.2    $ -    $ -

Interest payments on debt (A)

     1.3      0.5      0.8      -      -

Operating leases

     36.5      15.1      15.5      5.1      0.8

Purchase obligations (B)

     178.2          126.4          30.8          21.0      -

Other long-term obligations (C)

     24.3      5.8      7.6      3.2      7.7

Planned funding of pension and SERP (D)

     47.2      22.2      12.3      1.7          11.0

Total

   $     298.7    $ 170.0    $ 78.2    $ 31.0    $ 19.5
 
 

Note: For more information refer to Note 10, Credit Arrangements-Short-Term Borrowing and Long-Term Debt; Note 16, Commitments and Contingencies; Note 15, Other Long-Term Liabilities; Note 14, Pension Plans, and Note 13, Income Taxes in the Notes to Consolidated Financial Statements included in Item 8 of this Form 10-K

The following assumptions have been used to derive the disclosed amounts:

 

(A) Interest payments on debt within one year are based upon the long-term debt that existed at December 31, 2007. After one year interest payments are based upon average estimated long-term debt balances outstanding each year.

 

(B) This category includes purchase commitments with suppliers for materials and supplies as part of the ordinary course of business, consulting arrangements and support services. Only obligations in the amount of at least fifty thousand dollars are included.

 

(C) This category includes obligations under the company’s long-term incentive plan, deferred compensation plan, a supplemental disability income arrangement for one former company officer and unrecognized tax benefits under FIN 48.

 

(D) This category includes planned funding of the company’s SERP and qualified defined benefit pension plan. Projected funding for the qualified defined benefit pension plan beyond one year has not been included as there are several significant factors, such as the future market value of plan assets and projected investment return rates, which could cause actual funding requirements to differ materially from projected funding.

 

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Contractual Obligations

STYLE="margin-top:0px;margin-bottom:0px">The following table summarizes certain of the company’s contractual obligations as of December 31, 2007:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 






























































































































































Payments due by period (in millions)
Contractual Obligations  Total  Within 1 year  1-3 years  3-5 years  More than 5
years

Long-term debt

  $11.2  $-  $11.2  $-  $-

Interest payments on debt (A)

   1.3   0.5   0.8   -   -

Operating leases

   36.5   15.1   15.5   5.1   0.8

Purchase obligations (B)

   178.2       126.4       30.8       21.0   -

Other long-term obligations (C)

   24.3   5.8   7.6   3.2   7.7

Planned funding of pension and SERP (D)

   47.2   22.2   12.3   1.7       11.0

Total

  $    298.7  $170.0  $78.2  $31.0  $19.5
 
 

Note: For more information refer to Note 10, Credit Arrangements-Short-Term Borrowing and Long-Term Debt; Note 16,
Commitments and Contingencies; Note 15, Other Long-Term Liabilities; Note 14, Pension Plans, and Note 13, Income Taxes in the Notes to Consolidated Financial Statements included in Item 8 of this Form 10-K

STYLE="margin-top:12px;margin-bottom:0px">The following assumptions have been used to derive the disclosed amounts:

 





(A)Interest payments on debt within one year are based upon the long-term debt that existed at December 31, 2007. After one year interest payments are based upon average estimated
long-term debt balances outstanding each year.

 





(B)This category includes purchase commitments with suppliers for materials and supplies as part of the ordinary course of business, consulting arrangements and support services. Only
obligations in the amount of at least fifty thousand dollars are included.

 





(C)This category includes obligations under the company’s long-term incentive plan, deferred compensation plan, a supplemental disability income arrangement for one former company
officer and unrecognized tax benefits under FIN 48.

 





(D)This category includes planned funding of the company’s SERP and qualified defined benefit pension plan. Projected funding for the qualified defined benefit pension plan beyond
one year has not been included as there are several significant factors, such as the future market value of plan assets and projected investment return rates, which could cause actual funding requirements to differ materially from projected funding.

 


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EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 28, 2008
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