Contractual Obligations and Commercial Commitments – Our contractual obligations and commercial commitments at the end of fiscal 2019 were:



	Fiscal Years Ended the Last Day of February:
			2020		2021		2022		2023		2024		After
(in thousands)	Total		1 year		2 years		3 years		4 years		5 years		5 years
Floating rate debt	$	323,607	$	1,900	$	1,900	$	303,100	$	1,900	$	14,807	$	—
Long-term incentive plan payouts	12,708		7,012		3,481		2,215		—		—		—
Interest on floating rate debt ⁽¹⁾	32,237		11,453		11,387		8,879		518		—		—
Open purchase orders	234,659		234,659		—		—		—		—		—
Minimum royalty payments	49,159		12,650		12,855		13,040		7,914		2,700		—
Advertising and promotional	37,401		18,933		6,411		6,527		5,530		—		—
Operating leases	69,482		5,171		6,678		6,411		5,743		5,078		40,401
Capital spending commitments	4,602		4,602		—		—		—		—		—
Total contractual obligations ⁽²⁾	$	763,855	$	296,380	$	42,712	$	340,172	$	21,605	$	22,585	$	40,401

(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, 2019 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, 2019 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.


(2)	In addition to the contractual obligations and commercial commitments in the table above, as of February 28, 2019, we have recorded a provision for uncertain tax positions of $3.2 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.