Other Commitments and Contingencies (Tables)

12 Months Ended

Feb. 28, 2018

Summary of contractual obligations and commercial commitments

PAYMENTS DUE BY PERIOD - TWELVE MONTHS ENDED THE LAST DAY OF FEBRUARY:


			2019		2020		2021		2022		2023		After
(in thousands)	Total		1 year		2 years		3 years		4 years		5 years		5 years
Floating rate debt	$	293,707	$	1,900	$	1,900	$	1,900	$	271,300	$	1,900	$	14,807
Long-term incentive plan payouts		11,840		5,412		4,786		1,642		-		-		-
Interest on floating rate debt (1)		29,011		7,625		7,569		7,514		5,873		429		1
Open purchase orders		182,603		182,603		-		-		-		-		-
Long-term purchase commitments		1,033		1,033		-		-		-		-		-
Minimum royalty payments		55,359		12,490		12,972		12,912		9,071		7,914		-
Advertising and promotional		39,071		14,304		6,298		6,411		6,527		5,531		-
Operating leases		67,685		6,237		6,270		6,278		5,851		4,932		38,117
Capital spending commitments		1,080		1,080		-		-		-		-		-
Total contractual obligations (2)	$	681,389	$	232,684	$	39,795	$	36,657	$	298,622	$	20,706	$	52,925

⁽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 28, 2018 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 28, 2018 remains the same for the remaining term of the agreement. The actual balance outstanding under the Credit Agreement may fluctuate significantly in future periods, depending on the availability of cash flow from operations and future investing and financing considerations.

In addition to the contractual obligations and commercial commitments in the table above, as of February 28, 2018, we have recorded a provision for uncertain tax positions of $3.3 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.