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OTHER COMMITMENTS AND CONTINGENCIES (Tables) | 12 Months Ended
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Feb. 28, 2014
OTHER COMMITMENTS AND CONTINGENCIES |
Summary of contractual obligations and commercial commitments | PAYMENTS DUE BY PERIOD - TWELVE MONTHS ENDED THE LAST DAY OF FEBRUARY: (in thousands)
|  |  |  | 2015 |  | 2016 |  | 2017 |  | 2018 |  | 2019 |  | After |
|  | Total |  | 1 year |  | 2 years |  | 3 years |  | 4 years |  | 5 years |  | 5 years |
Term debt - fixed rate |  | $ | 80,000 |  | $ | 20,000 |  | $ | 20,000 |  | $ | 20,000 |  | $ | 20,000 |  | $ | - |  | $ | - |
Term debt - floating rate (1) |  | 112,607 |  | 76,900 |  | 1,900 |  | 3,800 |  | 5,700 |  | 1,900 |  | 22,407 |
Long-term incentive plan payouts |  | 11,145 |  | 5,300 |  | 3,801 |  | 2,044 |  | - |  | - |  | - |
Interest on fixed rate debt |  | 7,384 |  | 3,016 |  | 2,236 |  | 1,456 |  | 676 |  | - |  | - |
Interest on floating rate debt (1) |  | 4,066 |  | 1,927 |  | 390 |  | 347 |  | 281 |  | 259 |  | 862 |
Open purchase orders |  | 188,770 |  | 188,770 |  | - |  | - |  | - |  | - |  | - |
Long-term purchase commitments |  | 2,957 |  | 836 |  | 606 |  | 606 |  | 606 |  | 303 |  | - |
Minimum royalty payments |  | 78,632 |  | 12,689 |  | 12,731 |  | 12,545 |  | 9,674 |  | 9,488 |  | 21,505 |
Advertising and promotional |  | 49,969 |  | 6,685 |  | 5,160 |  | 5,263 |  | 5,368 |  | 5,476 |  | 22,017 |
Operating leases |  | 10,656 |  | 3,849 |  | 2,472 |  | 1,780 |  | 1,287 |  | 1,268 |  | - |
Capital spending commitments |  | 423 |  | 423 |  | - |  | - |  | - |  | - |  | - |
Total contractual obligations (2) |  | $ | 546,609 |  | $ | 320,395 |  | $ | 49,296 |  | $ | 47,841 |  | $ | 43,592 |  | $ | 18,694 |  | $ | 66,791 |
(1) The Company uses an interest rate swap in conjunction with its unsecured floating rate, $75 million, Senior Notes due June 2014. The swap hedges the variable LIBOR rates used to reset the floating rates on these Senior Notes. The swap effectively fixes the interest rates on the Senior Notes due June 2014 at 6.01 percent. (2) In addition to the contractual obligations and commercial commitments in the table above, as of February 28, 2014, we have recorded a provision for uncertain tax positions of $13.92 million. We are unable to reliably estimate the timing of most of the future payments, if any, related to our uncertain tax positions; therefore, we have excluded these tax liabilities from the table above.

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- Definition Tabular disclosure of the aggregate amount of payments due on known contractual obligations for the five years following the date of the latest balance sheet and the combined aggregate amount of maturities of known contractual obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph a -Subparagraph 5 + Details
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