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Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2016
Basis of Presentation [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents our assets and liabilities measured at fair value at March 31, 2016 and December 31, 2015 (in thousands):



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



March 31, 2016

 

December 31, 2015

 

Level 1

 

Level 2

 

Level 3

 

Level 1

 

Level 2

 

Level 3

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

48,169 

 

$

         —

 

$

         —

 

$

53,129 

 

$

         —

 

$

         —

Other current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indemnification - Sale of SS/L

 

         —

 

 

         —

 

 

1,953 

 

 

         —

 

 

         —

 

 

1,953 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indemnification - Globalstar do Brasil S.A.

$

         —

 

$

         —

 

$

980 

 

$

         —

 

$

         —

 

$

1,006 



Additional Cash Flow Information

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









 

 

 

 

 

 

Three Months
Ended March 31,

 

2016

 

2015

Non-cash operating items:

 

 

 

 

 

Equity in net (income) loss of affiliates

$

(46,494)

 

$

76,845 

Deferred taxes

 

19,986 

 

 

2,541 

Depreciation and amortization

 

14 

 

 

10 

Amortization of prior service credit and actuarial loss

 

203 

 

 

372 

Net non-cash operating items – continuing operations

$

(26,291)

 

$

79,768 

Supplemental information:

 

 

 

 

 

Interest paid – continuing operations

$

 

$

301 

Interest paid – discontinued operations

$

265 

 

$

459 

Tax payments – continuing operations

$

60 

 

$

1,216