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OTHER COMMITMENTS AND CONTINGENCIES (Tables) | 12 Months Ended
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Feb. 29, 2016
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)
|  |  |  |  | 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | After
|  | Total |  | 1 year |  | 2 years |  | 3 years |  | 4 years |  | 5 years |  | 5 years
Fixed rate debt |  | $ | 40,000 |  | $ | 20,000 |  | $ | 20,000 |  | $ | - |  | $ | - |  | $ | - |  | $ | -
Floating rate debt |  |  | 583,907 |  |  | 3,800 |  |  | 5,700 |  |  | 1,900 |  |  | 552,000 |  |  | 1,900 |  |  | 18,607
Long-term incentive plan payouts |  |  | 14,285 |  |  | 6,378 |  |  | 5,125 |  |  | 2,782 |  |  | - |  |  | - |  |  | -
Interest on fixed rate debt |  |  | 2,132 |  |  | 1,456 |  |  | 676 |  |  | - |  |  | - |  |  | - |  |  | -
Interest on floating rate debt (1) |  |  | 36,806 |  |  | 9,327 |  |  | 9,216 |  |  | 9,179 |  |  | 8,112 |  |  | 361 |  |  | 611
Open purchase orders |  |  | 181,953 |  |  | 181,953 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Long-term purchase commitments |  |  | 1,654 |  |  | 745 |  |  | 606 |  |  | 303 |  |  | - |  |  | - |  |  | -
Minimum royalty payments |  |  | 66,572 |  |  | 12,725 |  |  | 12,271 |  |  | 12,253 |  |  | 8,938 |  |  | 8,998 |  |  | 11,387
Advertising and promotional |  |  | 47,921 |  |  | 8,569 |  |  | 6,382 |  |  | 6,462 |  |  | 6,683 |  |  | 7,099 |  |  | 12,726
Operating leases |  |  | 35,861 |  |  | 5,886 |  |  | 5,287 |  |  | 4,766 |  |  | 3,351 |  |  | 3,054 |  |  | 13,517
Capital spending commitments |  |  | 3,490 |  |  | 3,490 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
Total contractual obligations (2) |  | $ | 1,014,581 |  | $ | 254,329 |  | $ | 65,263 |  | $ | 37,645 |  | $ | 579,084 |  | $ | 21,412 |  | $ | 56,848
| (1) |  | We estimate our future obligations for interest on our floating rate debt by assuming the weighted average interest rates in effect on each floating rate debt obligation at February 29, 2016 remain constant into the future. This is an estimate, as actual rates will vary over time. In addition, for the Credit Agreement, we assume that the balance outstanding as of February 29, 2016 remains the same for the remaining term of the agreement. The actual balance outstanding under our Credit Agreement may fluctuate significantly in future periods, depending on the availability of cash flow from operations and future investing and financing considerations.
| (2) |  | In addition to the contractual obligations and commercial commitments in the table above, as of February 29, 2016, we have recorded a provision for uncertain tax positions of $8.74 million. We are unable to reliably estimate the timing of most of the future payments, if any, related to 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 FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 2: 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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