Off-balance sheet arrangements
During the fourth quarter of fiscal 2013, we fully repaid the outstanding line of credit with Comerica and entered into a Loan and Security agreement with Silicon Valley Bank ("Bank"). As such, we cancelled our letter of credit (LOC) from Comerica for
Legacy Partners I SJ and Hartford Insurance Company("Hartford"). Subsequently, we entered into a new line of credit for $40 thousandLOC issued by the Bank in favor of Legacy Partners I SJ North Second, LLC(''Legacy''). We issued $0.1 millionto Hartfordas Hartford LOC and is held by as collateral for deductible payments that may become due under a worker's compensation insurance policy. We classify Hartford LOC as a restricted cash account of $.01 million. Any amounts drawn on the account will be expensed during that fiscal year. See Note 7 "Other Long-term Assets" of the Notes to Consolidated Financial Statements for detail information. As of June 30, 2013, we do not have any draw down for this account by Hartford. 42
The Legacy LOC is held by Legacy in connection with our lease dated
January 31, 2008for our offices in San Jose, California. As of June 30, 2013, we do not have any draw down for this account by Legacy.
We do not have any interest in entities referred to as variable interest entities, which include special purpose entities and other structured finance activities.
Long-term contractual obligations
Our commitments consist of obligations under operating leases for corporate office space and co-location facilities for data center capacity for research and test data centers. We entered into capital leases in connection with acquiring computer equipment for our data center operations which is included in property and equipment. We used a 5.25% interest rate to calculate the present value of the future principal payments and interest expense related to our capital leases. Additionally, in the ordinary course of business, we enter into contractual purchase obligations and other agreements that are legally binding and specify certain minimum payment terms.
The following table summarizes by period the remaining payments due for contractual obligations estimated as of
Operating Leases Co-location Hosting Total Capital Leases Facilities (1) Facilities (2) Other (3) Operating (4) Total (In thousands) Fiscal Year 2014 $ 1,167 $ 566
$ 34 $ 1,767$ 888 $ 2,655Fiscal Year 2015 1,019 185 16 1,220 399 1,619 Fiscal Year 2016 701 - - 701 51 752 Fiscal Year 2017 179 - - 179 - 179 Total $ 3,066 $ 750 $ 50 $ 3,867$ 1,338 $ 5,205