Cabela's 2009 Annual Report Download - page 70

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61
Certificates of Deposit
WFB utilizes brokered and non-brokered certificates of deposit to partially finance its operating activities.
WFB issues certificates of deposit in a minimum amount of one hundred thousand dollars in various maturities. At
January 2, 2010, WFB had $477 million of certificates of deposit outstanding with maturities ranging from January
2010 to April 2016 and with a weighted average effective annual fixed rate of 4.19%. This outstanding balance
compares to $486 million at December 27, 2008, with a weighted average effective annual fixed rate of 4.64%.
Impact of Inflation
We do not believe that our operating results have been materially affected by inflation during the preceding
three years. We cannot assure, however, that our operating results will not be adversely affected by inflation in the
future.
Contractual Obligations and Other Commercial Commitments
The following tables provide summary information concerning our future contractual obligations at January
2, 2010. Effective January 3, 2010, the debt of the Trust relating to credit card loan securitization transactions
approximating $2.3 billion will be reflected in our consolidated balance sheet and will increase our total contractual
obligations accordingly. The liabilities of the Trust will be recorded as secured borrowings and the general assets of
Cabela’s are not available to repay any related maturities.
2010 2011 2012 2013 2014 Thereafter Total
(In Thousands)
Long-term debt (1) $ 2,902 $ - $ 8,143 $8,143 $8,143 $307,571 $334,902
Interest payments (2) 20,778 20,750 20,426 19,807 19,778 35,772 137,311
Capital lease obligations 1,009 1,000 1,000 1,000 1,000 21,500 26,509
Operating leases 6,701 8,346 7,784 7,681 7,617 130,157 168,286
Time deposits by
maturity 120,384 134,420 86,557 103,191 31,912 200 476,664
Obligations under new
store and expansion
arrangements (3) 26,081 50,665 1,720 747 768 5,335 85,316
Purchase obligations (4) 315,205 9,032 7,379 5,483 45 -337,144
Deferred compensation 349 - - - - - 349
Unrecognized tax
benefits -----2,989 2,989
Total $ 493,409 $224,213 $133,009 $146,052 $69,263 $503,524 $1,569,470
(1) Includes $3 million owed under our $15 million credit agreement for operations in Canada. Excludes amounts
owed under capital lease obligations.
(2) These amounts do not include estimated interest payments due under our revolving credit facilities because the
amount that will be borrowed under these facilities in future years is uncertain.
(3) At January 2, 2010, obligations for new store and expansion arrangements include approximately $75 million of
estimated contractual obligations and commitments associated with projected retail store-related expansion and
certain obligations under economic development bonds. The table does not include any amounts for contractual
obligations associated with retail store locations where we are in the process of certain negotiations.