Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2017

Reconciliation of cash, cash equivalents and restricted cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheet to the condensed consolidated statement of cash flows (in thousands):


	September 30,
	2017
Cash and cash equivalents	$	259,263
Restricted cash included in other assets		304
Cash, cash equivalents and restricted cash shown in the statement of cash flows	$	259,567

Assets and Liabilities Measured at Fair Value

The following table presents our assets and liabilities measured at fair value at September 30, 2017 and December 31, 2016 (in thousands):



	September 30, 2017,						December 31, 2016,
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents:
Money market funds	$	257,547		—		—	$	35,514		—		—
Other current assets:
Indemnification - Sale of SSL		—		—	$	2,410		—		—	$	2,410
Liabilities
Long-term liabilities:
Indemnification - Globalstar do Brasil S.A.		—		—	$	323		—		—	$	357

Additional Cash Flow Information

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


	Nine Months Ended
	September 30,
	2017		2016
Non-cash operating items:
Equity in net income of affiliates	$	(183,086)	$	(96,799)
Deferred taxes		26,655		29,010
Depreciation and amortization		33		45
Amortization of prior service credit and actuarial loss		770		687
Net non-cash operating items – continuing operations	$	(155,628)	$	(67,057)
Supplemental information:
Interest paid – continuing operations	$	22	$	15
Interest paid – discontinued operations	$	55	$	641
Tax payments, net of refunds – continuing operations	$	10,038	$	194