DEBT, COMMITMENTS, CONTINGENCIES AND GUARANTEES

We lease facilities under operating leases that include renewal and escalation clauses. Total rent expense was $52.2 million, $50.1 million, and $49.1 million for Fiscal Years 2012, 2011, and 2010, respectively. Future minimum debt obligations, lease payments under non-cancelable leases, and purchase commitments due are as follows:



(in thousands)	FY 2013		FY 2014		FY 2015		FY 2016		FY 2017		Thereafter		Total
Debt obligations (principal)	$	5,003	$	10,000	$	20,000	$	185,000	$	—	$	—	$	220,003
Operating leases	49,034		39,980		32,858		28,361		23,525		99,787		273,545
Purchase commitments*	29,490		7,885		4,055		1,860		1,708		1,731		46,729
Total	$	83,527	$	57,865	$	56,913	$	215,221	$	25,233	$	101,518	$	540,277
*includes commitments to purchase software, hardware and services

We have letter-of-credit agreements with banks, totaling approximately $8.9 million, guaranteeing performance under various operating leases and vendor agreements. Additionally, the borrowings under the 2011 Credit Agreement are guaranteed by certain of our U.S. subsidiaries.

We periodically become involved in various claims and lawsuits that are incidental to our business. In June 2010, we recorded $4.3 million in legal settlement costs related to a small acquisition that was completed several years ago. We believe, after consultation with counsel, that no matters currently pending would, in the event of an adverse outcome, either individually or in the aggregate, have a material impact on our consolidated financial position, results of operations, or liquidity.