Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 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):


	September 30,		December 31,
	2018		2017
Cash and cash equivalents	$	248,904		255,139
Restricted cash included in current assets		304		—
Restricted cash included in other assets		—		304
Cash, cash equivalents and restricted cash shown in the statement of cash flows	$	249,208		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):



	September 30, 2018						December 31, 2017
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents:
Money market funds	$	247,237	$	—	$	—	$	251,742	$	—	$	—
Other current assets:
Indemnification - Sale of SSL		—		—		2,410		—		—		2,410
Liabilities
Other liabilities:
Indemnification - Globalstar do Brasil S.A.	$	—	$	—	$	190	$	—	$	—	$	293

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,
	2018		2017
Non-cash operating items:
Equity in net income of affiliates	$	(56,734)	$	(183,086)
Deferred taxes		(1,237)		26,655
Depreciation and amortization		16		33
Amortization of prior service credit and actuarial loss		797		770
Net non-cash operating items – continuing operations	$	(57,158)	$	(155,628)
Supplemental information:
Interest paid – continuing operations	$	17	$	22
Interest paid – discontinued operations	$	—	$	55
Tax (refunds) payments, net - continuing operations	$	(55)	$	10,038