matically renewable for periods of one year unless either party gives 
sixty days’ written notice of its intent to terminate at the end of the 
original three-year term or any subsequent term. The minimum pay -
ments are $4.8 million in 2004, and $4.9 million in 2005.
The Company has guaranteed a contractual lease obligation 
of an independent contract furniture dealership. The related term 
expires in the fourth quarter of 2004. As of January 3, 2004, the 
remaining unpaid lease payments subject to this guarantee totaled 
approximately $69,000. In accordance with the provisions of FIN 45 
no liability has been recorded, as the Company entered into this agree-
ment prior to December 31, 2002.