approved by the board of directors on april 21 , 2004 and expired on april 30 , 2006 .sources and uses in financing activities during 2005 related primarily to uses for the payment of a dividend ( $ 54.0 million ) and stock repurchase ( $ 26.7 million ) , and a source of cash from the issuance of common shares related to the exercise of employee stock options , the related tax benefit , and the employee stock purchase plan ( $ 9.7 million ) .cash dividends paid to shareholders were $ 162.5 million , $ 107.9 million , and $ 54.0 million during fiscal years 2007 , 2006 , and 2005 , respectively .we believe that our existing cash balances and cash flow from operations will be sufficient to meet our projected capital expenditures , working capital and other cash requirements at least through the end of fiscal 2010 .contractual obligations and commercial commitments future commitments of garmin , as of december 29 , 2007 , 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', '$ 43438', '$ 6581', '$ 11582', '$ 9263', '$ 16012'], ['purchase obligations', '5078', '422', '2251', '2405', '0'], ['total', '$ 48516', '$ 7003', '$ 13833', '$ 11668', '$ 16012']]
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 29 , 2007 ; 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 .

Question: what percentage of total contractual obligations and commercial commitments future commitments of garmin , as of december 29 , 2007 are due to operating leases?
Answer: 90%