pre_text: contractual obligations and commercial commitments future commitments of garmin , as of december 27 , 2008 , aggregated by type of contractual obligation .
post_text: operating leases describes lease obligations associated with garmin facilities located in the u.s. , taiwan , europe , and canada . purchase obligations are the aggregate of those purchase orders that were outstanding on december 27 , 2008 ; these obligations are created and then paid off within 3 months during the normal course of our manufacturing business . we may be required to make significant cash outlays related to unrecognized tax benefits . however , due to the uncertainty of the timing of future cash flows associated with our unrecognized tax benefits , we are unable to make reasonably reliable estimates of the period of cash settlement , if any , with the respective taxing authorities . accordingly , unrecognized tax benefits of $ 214.4 million as of december 27 , 2008 , have been excluded from the contractual obligations table above . for further information related to unrecognized tax benefits , see note 2 , 201cincome taxes 201d , to the consolidated financial statements included in this report . 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 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 , the euro , and british pound sterling . garmin corporation , headquartered 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 .
table: Payments due by period
table: Contractual Obligations Total Less than 1 year 1-3 years 3-5 years More than 5 years
table: Operating Leases $44,048 $7,957 $13,789 $11,061 $11,241
table: Purchase Obligations 51,471 47,966 2,265 1,240 0
table: Total $95,519 $55,923 $16,054 $12,301 $11,241
question: Analyse this data from a financial earnings document. considering the contractual obligations in which payments due by 1-3 years , what is the percentage of the operating leases in relation to the total obligations?