Staples, Inc., reports the following footnote relating to its operating leases in its \(10-\mathrm{K}\) report for the fiscal year ended February 2013 (\$ thousands).

a. What dollar adjustment(s) might we consider to Staples' balance sheet and income statement given this information and assuming that Staples intermediate-term borrowing rate is \(8 \%\) and rounding the remaining lease life to the nearest whole year? Explain.

b. Would the adjustment from part \(a\) make a substantial difference to Staples' total liabilities? (Staples reported total assets of nearly \(\$ 12\) billion and total liabilities of nearly \(\$ 6\) billion for 2013.)

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Future minimum lease commitments due for retail, distribution, fulfillment and support facilities (including restructured facilities, commitments related to discontinued operations, and lease commitments for three retail stores not yet opened at February 2, 2013) and equipment leases under noncancelable operating leases are as follows (in thousands): Fiscal Year 2013... 2014 2015 2016. 2017 Thereafter. $4,128,870 Total $ 838,677 730,008 617,862 511,859 398,157 1,032,307