On the Surface

CONTRACTUAL AND COMMERCIAL COMMITMENTS
We had no material commitments for capital expenditures as of March 31, 2008. At March 31, 2008, we had commitments
under non-cancelable operating leases totaling $57.0 million.
Our contractual obligations and commercial commitments as of March 31, 2008 are presented in the following tables.
Commercial commitments include standby letters of credit, letters of credit required as security under our self-insured risk retention
policies, and other potential cash outflows resulting from an event that requires us to fulfill a commitment.
Payments due by March 31,
(in thousands) 2009 2010 2011 2012
2013 and
thereafter
Total
Contractual Obligations:
Debt $ 40,700 $ 100 $ — $ — $ 139,180 $ 179,980
Operating leases 16,755 12,867 9,187 5,177 13,049 57,035
Purchase obligations 12,252 15,328 9,891 — — 37,471
Other obligations 248 382 393 405 1,289 2,717
Total Contractual Obligations $ 69,955 $ 28,677 $ 19,471 $ 5,582 $ 153,518 $ 277,203
The table above includes only the principal amounts of our contractual obligations. We provide information about the interest
component of our long-term debt in the subsection of MD&A titled, “Liquidity and Capital Resources,” and in Note 7 to our consolidated
financial statements titled, “Debt.”
Debt payments due by March 31, 2009 in the table above include the first $40.0 million of senior notes due in December 2008.
However, we have excluded the liabilities for these notes from the “Current portion of long-term indebtedness” on the accompanying
Consolidated Balance Sheets as of March 31, 2008 because it is our intention to refinance this amount with proceeds of borrowings
available to us under the revolving credit facility. We provide additional information regarding our debt obligations in the subsection of
MD&A titled, “Liquidity and Capital Resources,” and in Note 7 to our consolidated financial statements titled, “Debt.”
Purchase obligations shown in the table above relate to minimum purchase commitments with suppliers for raw materials
purchases.
Contractual obligations shown in the table above exclude FIN No. 48 liabilities. We have a $17.5 million tax payment that
remains on deposit with the IRS subject to the determination of final assessments. In the fourth quarter of fiscal 2008, we reached an
agreement with the IRS on all material tax matters for fiscal 1999 through fiscal 2001. We anticipate reaching an agreement with the IRS on
all material tax matters for fiscal 2002 through fiscal 2005 during fiscal 2009. We believe that the amount on deposit with the IRS will be
sufficient to settle all material matters with the IRS for fiscal 1999 through fiscal 2005 and thus no additional future cash payments will be
required related to these tax years. The IRS will begin its audit of fiscal 2006 and fiscal 2007 during fiscal 2009. Because of the high degree
of uncertainty regarding the timing of future cash outflows, we are currently not able to make a reliable estimate of any future cash
payments to respective taxing authorities that may be required as a result of future audits.
Contractual obligations shown in the table above exclude benefit payments to participants under our defined benefit pension
plans and other post-retirement medical benefit plan. We summarize the estimated benefit payments to be made by the plans over the
next ten years in Note 10 to our consolidated financial statements titled, “Benefit Plans.” The table also excludes contributions we make to
our defined benefit pension plans and our defined contribution plan. Our future contributions to these plans depend on many uncertain
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