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Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2017
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, 2017 and December 31, 2016 (in thousands):



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



March 31, 2017

 

December 31, 2016

 

Level 1

 

Level 2

 

Level 3

 

Level 1

 

Level 2

 

Level 3

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

$

271,444 

 

$

         —

 

$

         —

 

$

35,514 

 

$

         —

 

$

         —

Other current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indemnification - Sale of SSL

 

         —

 

 

         —

 

 

2,410 

 

 

         —

 

 

         —

 

 

2,410 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indemnification - Globalstar do Brasil S.A.

$

         —

 

$

         —

 

$

338 

 

$

         —

 

$

         —

 

$

357 



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,

 

2017

 

2016

Non-cash operating items:

 

 

 

 

 

Equity in net income of affiliates

$

(139,714)

 

$

(46,494)

Deferred taxes

 

12,171 

 

 

13,074 

Depreciation and amortization

 

15 

 

 

14 

Amortization of prior service credit and actuarial loss

 

239 

 

 

203 

Net non-cash operating items – continuing operations

$

(127,289)

 

$

(33,203)

Supplemental information:

 

 

 

 

 

Interest paid – continuing operations

$

 

$

Interest paid – discontinued operations

$

55 

 

$

265 

Tax (refunds) payments, net – continuing operations

$

(144)

 

$

60