OTHER COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Feb. 29, 2016

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.