
	Year Ended July 31,
	(Amounts in thousands)
	2017		2018		2019		2020		2021		Thereafter		Total

Maturity of the credit facility	$	—	$	—	$	116,000	$	—	$	—	$	—	$	116,000
Expected interest payments under the credit facility (1)		2,598		2,599		1,516		—		—		—		6,713
Minimum commitments under noncancelable operating leases		6,139		5,241		4,211		2,989		2,180		3,408		24,168
Compensation agreements (2)		10,470		2,519		498		498		377		583		14,945
Assumed contingent liability (3)		19		93		188		246		280		439		1,265
Contingent guaranteed obligation (4)		186		133		122		—		—		—		441
Other long-term obligations		228		200		96		12		3		—		539
Total contractual obligations	$	19,640	$	10,785	$	122,631	$	3,745	$	2,840	$	4,430	$	164,071

(1)

Primarily to fund the cash consideration paid and the costs associated with the Accutron and Vantage acquisitions, we borrowed $55,000,000 in August 2016 and $6,000,000 in September 2016, respectively, under our revolving credit facility, and repaid $6,000,000, therefore increasing the 2019 maturities of the credit facility from $116,000,000 at July 31, 2016 to $171,000,000 at September 29, 2016. Accordingly, the expected interest payments under the credit facility will be approximately $1,232,000 higher on an annualized basis as of September 29, 2016 than the amounts shown herein. The expected interest payments under our credit facility reflect an interest rate of 2.24%, which was our weighted average interest rate on outstanding borrowings at July 31, 2016.

(2)

Amounts include $4,500,000, of which $3,823,000 is payable in fiscal 2017, due to the planned retirement of our former CEO. Effective August 1, 2016 in conjunction with the Accutron Acquisition, we entered into additional compensation agreements which would increase fiscal years 2017 and 2018 by $400,000 each compared to amounts shown herein.

(3)

These future potential payments of an assumed contingent liability relate to the Jet Prep Acquisition, as further explained below, and are reflected in the July 31, 2016 Consolidated Balance Sheet at its net present value of $1,138,000 using a discount rate of 2.5%.

(4)

These future potential payments of a contingent guaranteed obligation relate to Cantel Medical (UK), as further explained below and Note 6 to the Consolidated Financial Statements.