Contractual obligations relating to our long-term debt, finance lease obligations, operating leases, purchase obligations, and other  long-term obligations are disclosed in the table below. Purchase obligations are for the purchase of seafood and other  non-seafood inputs, including flour, paper products, and frying  oils, and the purchase of a cold storage facility in Peabody, MA. See Sections 8.2 and 8.5 of this MD&A for more details. their respective production, are fully resolved. In addition, we have  plans that can be implemented with minimal additional capital  expenditures to increase the capacity of our plants through shift  changes should further production capacity be required. Our  ability to source new products is not limited to our own production.  We purchase significant quantities of frozen fillets as finished  goods, and some of our value-added products are purchased as  finished goods. We utilize derivative financial instruments in accordance with a  written policy to manage foreign currency, commodity and interest  rate exposures. The policy prohibits the use of derivative financial  instruments for trading or speculative purposes. We formally document all relationships between hedging  instruments and hedged items, as well as risk management  objectives and strategy for undertaking various hedge  transactions. This process includes linking all derivatives to  specific assets and liabilities on the balance sheet or to specific  firm commitments or forecasted transactions. We also formally  assess, both at the hedge’s inception and on an ongoing basis,  whether the derivatives that are used in hedging transactions  are effective in offsetting changes in fair values or cash flows of  hedged items. Any portion of hedge ineffectiveness has been  recognized in the income statement as it has occurred. Readers are directed to  note 22  to Consolidated Financial  Statements for a complete description of the use of derivative  financial instruments by the Company. Our Lunenburg, Portsmouth, Newport News and New Bedford  facilities include large distribution centers. We lease a U.S.  distribution center in Peabody, MA, which we operate ourselves  and will be purchasing in 2014. We also utilize third-party cold  storage/distribution centers to supplement our facilities when  needed. We have Directors of Logistics in Canada and the U.S. to  ensure that the warehousing and transportation of our products is  handled in a cost-effective and customer-service-oriented manner. Technology supports our growth strategy and our centralized  computer systems enable us to be agile making timely decisions.  Our business is simplified through an enterprise-wide business  management system and specifications management system,  using  Oracle  software. We have also developed a proprietary  internet-enabled procurement system that allows us to manage  procurement in real time. Business intelligence software allows us  to manage our information on a real-time basis to help us make  business decisions quickly, manage inventory and accounts  receivable and provide more informative financial disclosure.  We have ensured that we are equipped to respond to customer  demands for electronic transmission of business documents,  including invoices, purchase orders, and payment confirmations.  In 2012, we implemented Global Specifications Management  software and invested in network infrastructure to ensure that our  operations will function during business disruptions at our Halifax  data center. In 2013, we purchased and installed a document  management system to simplify and expedite supplier payments.  We continue to budget significant capital dollars to ensure we have  state-of-the-art systems to manage our Company and respond to  customer requests. On February 19, 2014, 15,290,710 common shares and 556,992  stock options were outstanding. The stock options are exercisable  on a one-for-one basis for common shares of the Company.  Our organic growth plans can be achieved without significant  operational expansion. Our existing operational resources include: Our manufacturing facilities have ample production capacity to  meet forecasted demands, once the production challenges  encountered in our U.S. facilities in 2013, related to these facilities  integrating products formerly produced by the Danvers plant into  Payments Due by Period (Amounts in $000s) Total  Less than 1 year  1 – 3 Years  3 – 5 Years  After 5 Years Long-term debt $ 232,720 $ — $ 11,470 $ 221,250 $ — Finance lease obligations 2,626 979 1,494 153 — Operating leases 17,562 4,857 7,949 4,756 — Purchase obligations 237,069 229,155 7,914 — — Total contractual obligations $ 489,977 $ 234,991 $ 28,827 $ 226,159 $ — Contractual Obligations Financial Instruments Classification of Financial Instruments Distribution Centers Technology Disclosure of Outstanding Share Data 3.2  Operational Resources Plant Capacity ANNUAL REPORT 2013 25