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Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2016 and December 31, 2015 (in thousands):



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



June 30, 2016

 

December 31, 2015

 

Level 1

 

Level 2

 

Level 3

 

Level 1

 

Level 2

 

Level 3

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

45,219 

 

$

         —

 

$

         —

 

$

53,129 

 

$

         —

 

$

         —

Other current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indemnification - Sale of SS/L

 

         —

 

 

         —

 

 

1,953 

 

 

         —

 

 

         —

 

 

1,953 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indemnification - Globalstar do Brasil S.A.

$

         —

 

$

         —

 

$

973 

 

$

         —

 

$

         —

 

$

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):









 

 

 

 

 

 

Six Months



Ended June 30,

 

2016

 

2015

Non-cash operating items:

 

 

 

 

 

Equity in net (income) loss of affiliates

$

(89,851)

 

$

51,758 

Deferred taxes

 

20,812 

 

 

4,203 

Depreciation

 

29 

 

 

20 

Amortization of prior service credit and actuarial loss

 

458 

 

 

853 

Net non-cash operating items – continuing operations

$

(68,552)

 

$

56,834 

Supplemental information:

 

 

 

 

 

Interest paid – continuing operations

$

 

$

306 

Interest paid – discontinued operations

$

479 

 

$

870 

Tax payments – continuing operations

$

125 

 

$

1,526