XML 53 R17.htm IDEA: XBRL DOCUMENT v3.3.1.900
Other assets
12 Months Ended
Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other assets
Other assets
a) Other assets are as follows:


December 31, 2015


December 31, 2014

Prepaid lease payments (note 7)

$
1,834


$
1,953

Intangible assets (note 11(b))

3,174


4,385

Deferred financing costs (note 11(c))

930


2,205

Deferred lease inducement asset (note 11(d))

1,070


1,212

 

$
7,008


$
9,755


b) Intangible assets

 
December 31, 2015

 
December 31, 2014

Cost
 
$
17,881

 
$
17,102

Accumulated amortization
 
14,707

 
12,717

Net book value
 
$
3,174

 
$
4,385

During the year ended December 31, 2015, the Company capitalized $779 (2014 – $990; 2013 - $2,826) of internally developed computer software costs. During the year ended December 31, 2015, no internal-use software was disposed of (2014 - internal-use software with cost and accumulated amortization of $6,601 was disposed of at zero net book value; 2013 - $nil).
Amortization of intangible assets for the year ended December 31, 2015 was $1,990 (2014$3,648; 2013 - $3,276). The estimated amortization expense for future years is as follows:
For the year ending December 31,
 
 
2016
 
$
1,497

2017
 
977

2018
 
576

2019
 
124

 
 
$
3,174


c) Deferred financing costs
December 31, 2015
 
Cost

 
Accumulated
Amortization

 
Net Book Value

Credit Facility
 
$
686

 
$
96

 
$
590

Series 1 Debentures
 
8,644

 
8,304

 
340

 
 
$
9,330

 
$
8,400

 
$
930

December 31, 2014
 
Cost

 
Accumulated
Amortization

 
Net Book Value

Credit Facility
 
$
957

 
$
426

 
$
531

Series 1 Debentures
 
8,644

 
6,970

 
1,674

 
 
$
9,601

 
$
7,396

 
$
2,205


During the year ended December 31, 2015, financing fees of $686 were incurred in connection with the modification of the Credit Facility (2014$87) (note 13(b)). These fees have been recorded as deferred financing costs and are being amortized using the effective interest method over the term of the Credit Facility. Upon entering into the Sixth Amended and Restated Credit Agreement (note 13(b)), deferred financing costs related to the Fifth Amended and Restated Credit Agreement of $360 were expensed and included in amortization of deferred financing costs (note 20).
Amortization of deferred financing costs included in interest expense for the year ended December 31, 2015 was $1,961 (2014$1,594; 2013 - $4,326) (note 20). Upon the partial redemption of the Series 1 Debentures occurring during the year ended December 31, 2015 (note 13(c)), a portion of the unamortized deferred financing costs related to the redeemed Series 1 Debentures of $819 (2014 - $534; 2013 - $2,737) were expensed and included in amortization of deferred financing costs (note 20).
d) Deferred lease inducements asset
Lease inducements applicable to lease contracts are deferred and amortized as an increase in general and administrative expenses on a straight-line basis over the lease term, which includes the initial lease term and renewal periods only where renewal is determined to be reasonably assured.
 
 
December 31, 2015

 
December 31, 2014

Balance, beginning of year
 
$
1,212

 
$

Additions
 

 
1,307

Amortization of deferred lease inducements
 
(142
)
 
(95
)
Balance, end of year
 
$
1,070

 
$
1,212