Cabela's 2005 Annual Report Download - page 94

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CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(Dollar Amounts in Thousands Except Share and Per Share Amounts)
The amortized cost and fair value of economic development bonds by contractual maturity at fiscal year end
2005 is as follows:
Available for Sale Held to Maturity
Amortized
Cost
Fair
Value
Amortized
Cost
Fair
Value
2006 ...................................... $ 1,945 $ 2,446 $ 987 $ 987
2007 ...................................... 2,709 2,664 1,001 1,001
2008 ...................................... 2,867 2,818 1,193 1,193
2009 ...................................... 3,034 2,981 1,118 1,118
2010 ...................................... 3,211 3,155 1,283 1,283
Thereafter .................................. 119,613 119,285 6,813 6,813
$133,379 $133,349 $12,395 $12,395
Realized gains of $0, $264 and $587 in 2005, 2004 and 2003, respectively, are included in other income in
the accompanying consolidated statements of income.
6. TIME DEPOSITS
WFB accepts time deposits only in amounts of at least one hundred thousand dollars. All time deposits are
interest bearing. The aggregate amount of time deposits by maturity as of fiscal year end 2005 was as follows:
2006 .................................................................... $ 62,683
2007 .................................................................... 13,805
2008 .................................................................... 8,700
2009 .................................................................... 5,900
2010 and thereafter ......................................................... 18,400
109,488
Less current maturities ...................................................... (62,683)
Deposits classified as non-current liabilities ..................................... $ 46,805
7. REVOLVING CREDIT FACILITIES
On July 15, 2005, the Company amended and restated its credit agreement with several banks. The amended
and restated credit agreement provides for a $325 million unsecured revolving credit facility and expires on
June 30, 2010. In addition, the credit agreement was amended to eliminate certain limitations with regard to the
temporary pay down of revolving loans. Due to the elimination of these limitations, loans made pursuant to the
credit agreement are now classified as long-term debt. During the term of the facility, the Company is required to
pay a quarterly facility fee, which ranges from 0.100% to 0.250% of the average daily unused principal balance
on the line of credit. The Company may elect to take advances at interest rates calculated at U.S. Bank National
Association’s prime rate (or, if greater, the average rate on the federal funds rate in effect for the day plus
one-half of one percent) or the Eurodollar rate of interest plus a margin, which adjusts, based upon certain
financial ratios achieved by the Company and ranges from 0.650% to 1.350%. The credit agreement permits the
issuance of up to $150 million in letters of credit and standby letters of credit, the nominal amount of which are
applied against the overall credit limit available under the revolver. The credit facility may be increased to $450
million upon the request of the Company and the consent of the banks party to the credit agreement. There were
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