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 |
MANAGEMENT'S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
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CONTRACTUAL OBLIGATIONS
The following table summarizes our contractual obligations to make future payments at July 31, 2004:
| |
PAYMENTS DUE BY PERIOD |
|
| (In millions) |
LESS THAN
1 YEAR |
|
1-3 YEARS |
|
3-5 YEARS |
|
AFTER 5 YEARS |
|
TOTAL |
|
|
Amounts due under executive deferred
compensation plan |
$ |
- |
|
$ |
13.2 |
|
$ |
- |
|
$ |
- |
|
$ |
13.2 |
|
 |
Short-term portion of capital lease obligations |
|
2.5 |
|
|
- |
|
|
- |
|
|
- |
|
|
2.5 |
|
|
Short-term portion of vacancy reserve |
|
1.4 |
|
|
- |
|
|
- |
|
|
- |
|
|
1.4 |
|
|
Long-term obligations (1) |
|
- |
|
|
8.1 |
|
|
3.8 |
|
|
4.5 |
|
|
16.4 |
|
|
Purchase obligations (2) |
|
4.7 |
|
|
4.8 |
|
|
3.3 |
|
|
7.6 |
|
|
20.4 |
|
|
Operating leases |
|
27.8 |
|
|
50.4 |
|
|
36.4 |
|
|
61.1 |
|
|
175.7 |
|
|
Total contractual cash obligations |
$ |
36.4 |
|
$ |
76.5 |
|
$ |
43.5 |
|
$ |
73.2 |
|
$ |
229.6 |
|
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|
| (1) |
Long-term obligations at July 31, 2004 included the $7.6 million long-term portion of our reserve for vacant Mountain View facilities. See Note 13 to the
financial statements. |
| (2) |
Represents agreements to purchase products and services that are enforceable, legally binding and specify terms, including: fixed or minimum
quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the payments.
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