The terms of the Credit Facility and our Senior Notes require us to meet certain covenants, including, but not limited to, certain  minimum equity and cash flow ratios. We believe that we are in compliance with all such covenants contained in our credit agree- ments. Certain of our material, wholly-owned subsidiaries are guarantors or co-borrowers under the Credit Facility and Senior Notes. In addition to our repayment commitments under our Credit Facility and our Senior Notes, we have capital lease obligations relating to  the purchase of equipment, and non-cancellable operating lease arrangements under which we lease property including land, build- ings, office equipment and vehicles. The following table summarizes our future contractual obligations under these arrangements  (in thousands): (1)  Not included in the above balances are anticipated cash payments for interest of $6.1 million a year for 2014-2021 and cash payments for interest of  $3.1 million a year for 2022-2023 for a total of $55 million. (2)  Our Dutch pension plan requires annual employer contributions.Amounts payable in the future will be based on future workforce factors which cannot  be projected beyond one year . We have no significant purchase commitments or similar obligations outstanding at December 31, 2013. Not included in the table  above are uncertain tax positions of $8.4 million that we have accrued for at December 31, 2013, as the amounts and timing of payment, if any, are uncertain. See Note 9 Income Taxes in the Notes to the Consolidated Financial Statements for further detail of  this amount. At December 31, 2013, we had tax net operating loss carry-forwards in various jurisdictions of approximately $19.2 million. Although  we cannot be certain that these operating loss carry-forwards will be utilized, we anticipate that we will have sufficient taxable income  in future years to allow us to fully utilize the carry-forwards that are not subject to a valuation allowance as of December 31, 2013. If unused, those carry-forwards which are subject to expiration may expire during the years 2014 through 2024. During 2013, $0.2 million of operating loss carry-forwards which carried a full valuation allowance expired unused. We expect our investment in capital expenditures to be approximately $37 million in 2014 which will be used to fund our growth  through the purchase of instrumentation, tools and equipment along with expenditures to replace obsolete or worn-out instrumen- tation, tools and equipment, to consolidate certain facilities to gain operational efficiencies, and to increase our presence where  requested by our clients. In addition, we plan to continue to (i) repurchase our common shares on the open market through our  share repurchase program, (ii) pay a dividend and/or (iii) acquire complementary technologies. Our ability to continue these initiatives  depends on, among other things, market conditions and our ability to generate free cash flow. Our ability to maintain and increase our operating income and cash flows is largely dependent upon continued investing activities.  We are a Netherlands holding company and substantially all of our operations are conducted through subsidiaries. Consequently, our  cash flow depends upon the ability of our subsidiaries to pay cash dividends or otherwise distribute or advance funds to us. We believe  our future cash flows from operating activities, supplemented by our borrowing capacity under existing facilities and our ability to  issue additional equity should be sufficient to meet our contractual obligations, capital expenditures, working capital needs, dividend  payments, debt requirements and to finance future acquisitions. We continue our efforts to expand our market presence by opening or expanding facilities in strategic areas and realizing synergies  within our business lines. We believe our market presence provides us a unique opportunity to service clients who have global opera- tions in addition to the national oil companies. Outlook 25 Total Less than 1 year 1-3 Years 3-5 Years More than 5 Years Contractual Obligations: Debt (1) $ 267,000 $ — $ 117,000 $ — $ 150,000 Capital leases 28 26 2 — — Operating leases 50,661 14,956 17,165 8,567 9,973 Pension (2) 1,967 1,967 — — — Total contractual obligations $ 319,656 $ 16,949 $ 134,167 $ 8,567 $ 159,973