Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2013

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents our assets and liabilities measured at fair value on a recurring basis at December 31, 2013 and December 31, 2012 (in thousands):



	December 31, 2013						December 31, 2012
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Cash equivalents:
Money market funds	$	3,216	$	—	$	—	$	86,820	$	—	$	—
Note receivable:
Land Note	$	—	$	—	$	101,000	$	—	$	—	$	101,000
Liabilities
Indemnifications:
Sale of SS/L	$	—	$	—	$	10,897	$	—	$	—	$	16,528
Globalstar do Brasil S.A.	$	—	$	—	$	1,320	$	—	$	—	$	1,510

Additional Cash Flow Information

The following represents non-cash activities and supplemental information to the consolidated statements of cash flows (in thousands):


	Year Ended December 31,
	2013		2012		2011
Non-cash operating items:
Equity in net income of affiliates	$	(38,827)	$	(34,340)	$	(106,329)
Deferred taxes		28,184		22,003		40,468
Depreciation and amortization		18		62		115
Stock-based compensation		417		1,072		1,060
Gain on disposition of net assets		—		—		(6,913)
Amortization of prior service credit and actuarial loss		8,687		(8,224)		250
Unrealized gain on nonqualified pension plan assets		—		(108)		(157)
Gain on disposition of available-for-sale securities		—		(202)		—
(Gain) loss on foreign currency transactions and contracts		—		(1,316)		71
Net non-cash operating items – continuing operations	$	(1,521)	$	(21,053)	$	(71,435)
Non-cash operating items – discontinued operations	$	—	$	(346,377)	$	69,209
Non-cash investing activities:
Note received from land sale	$	—	$	101,000	$	—
Capital expenditures incurred not yet paid – discontinued operations	$	—	$	—	$	7,766
Non-cash financing activities:
Repurchase of voting common stock not yet paid - continuing operations	$	—	$	—	$	472
Supplemental information:
Interest paid – continuing operations	$	17	$	106	$	145
Interest paid – discontinued operations	$	—	$	1,841	$	1,504
Tax (refunds) payments, net – continuing operations	$	(10,061)	$	122	$	5,937
Tax payments, net of refunds – discontinued operations	$	35,074	$	—	$	—