LEASES (Tables)

12 Months Ended

Dec. 31, 2013

LEASES

Schedule of future minimum lease payments under capital leases

• • The following is a schedule of future minimum lease payments under capital leases together with the present value of the net minimum lease payments as at December 31, 2013:

	Minimum Capital Lease Payments
2014	$12,776
2015	5,678
2016	2,268
2017	2,268
2018	2,268
Thereafter	–
Total minimum lease payments	25,258
Less amount representing interest	1,380
Present value of net minimum lease payments	$23,878

Summary of information related to capital lease obligations

	As at December 31,
	2013	2012
Total future lease payments	$25,258	$	26,668
Less: interest	1,380		1,605
	23,878		25,063
Less: current portion	12,035		12,955
Long-term portion of capital lease obligations	$11,843	$	12,108

Schedule of future minimum lease payments under operating leases

• • Future minimum lease payments required to meet obligations that have initial or remaining non-cancellable lease terms in excess of one year as at December 31, 2013 are as follows:

	Minimum Operating Lease Payments
2014	$1,783
2015	1,032
2016	822
2017	816
2018	836
Thereafter	2,470
Total	$7,759