Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2018

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):


	March 31,		December 31,
	2018		2017
Cash and cash equivalents	$	251,741		255,139
Restricted cash included in other assets		304		304
Cash, cash equivalents and restricted cash shown in the statement of cash flows	$	252,045		255,443

Assets and Liabilities Measured at Fair Value

The following table presents our assets and liabilities measured at fair value on a recurring and non-recurring basis (in thousands):



	March 31, 2018						December 31, 2017
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents
Money market funds	$	249,066	$	—	$	—	$	251,742	$	—	$	—
Other current assets:
Indemnification - Sale of SSL		—		—		2,410		—		—		2,410
Liabilities
Long-term liabilities
Indemnification - Globalstar do Brasil S.A.	$	—	$	—	$	285	$	—	$	—	$	293

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,
	2018		2017
Non-cash operating items:
Equity in net income of affiliates	$	(5,094)	$	(139,714)
Deferred taxes		(1,141)		12,171
Depreciation and amortization		5		15
Amortization of prior service credit and actuarial loss		269		239
Net non-cash operating items – continuing operations	$	(5,961)	$	(127,289)
Supplemental information:
Interest paid – continuing operations	$	5	$	5
Interest paid – discontinued operations	$	—	$	55
Tax refunds, net of payments - continuing operations	$	(181)	$	(144)