contractual obligations and commercial commitments future payments due from garmin , as of december 30 , 2006 , aggregated by type of contractual obligation .
[['contractual obligations', 'payments due by period total', 'payments due by period less than 1 year', 'payments due by period 1-3 years', 'payments due by period 3-5 years', 'payments due by period more than 5 years'], ['operating leases', '$ 31145', '$ 3357', '$ 6271', '$ 6040', '$ 15477'], ['purchase obligations', '$ 265409', '$ 265409', '$ 0', '$ 0', '$ 0'], ['total', '$ 296554', '$ 268766', '$ 6271', '$ 6040', '$ 15477']]
operating leases describes lease obligations associated with garmin facilities located in the u.s. , taiwan , the u.k. , and canada .purchase obligations are the aggregate of those purchase orders that were outstanding on december 30 , 2006 ; these obligations are created and then paid off within 3 months during the normal course of our manufacturing business .off-balance sheet arrangements we do not have any off-balance sheet arrangements .item 7a .quantitative and qualitative disclosures about market risk market sensitivity we have market risk primarily in connection with the pricing of our products and services and the purchase of raw materials .product pricing and raw materials costs are both significantly influenced by semiconductor market conditions .historically , during cyclical industry downturns , we have been able to offset pricing declines for our products through a combination of improved product mix and success in obtaining price reductions in raw materials costs .inflation we do not believe that inflation has had a material effect on our business , financial condition or results of operations .if our costs were to become subject to significant inflationary pressures , we may not be able to fully offset such higher costs through price increases .our inability or failure to do so could adversely affect our business , financial condition and results of operations .foreign currency exchange rate risk the operation of garmin 2019s subsidiaries in international markets results in exposure to movements in currency exchange rates .we generally have not been significantly affected by foreign exchange fluctuations because the taiwan dollar and british pound have proven to be relatively stable .however , periodically we have experienced significant foreign currency gains and losses due to the strengthening and weakening of the u.s .dollar .the potential of volatile foreign exchange rate fluctuations in the future could have a significant effect on our results of operations .the currencies that create a majority of the company 2019s exchange rate exposure are the taiwan dollar and british pound .garmin corporation , located in shijr , taiwan , uses the local currency as the functional currency .the company translates all assets and liabilities at year-end exchange rates and income and expense accounts at average rates during the year .in order to minimize the effect of the currency exchange fluctuations on our net assets , we have elected to retain most of our taiwan subsidiary 2019s cash and investments in marketable securities denominated in u.s .dollars .the td/usd exchange rate decreased 0.7% ( 0.7 % ) during 2006 , which resulted in a cumulative translation adjustment of negative $ 1.2 million at the end of fiscal 2006 and a net foreign currency loss of $ 3.1 million at garmin corporation during 2006. .

Question: considering the payments due to less than a year , what is the percentage of purchase obligations concerning the total expenses?
Answer: 98.75%
Explanation: it is the value of purchase obligations divided by the value of the total expenses .