Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2021

Basis of Presentation [Abstract]

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,
	2021		2020
Cash and cash equivalents	$	19,986	$	31,631
Restricted cash included in other current assets		304		304
Cash, cash equivalents and restricted cash shown in the statement of cash flows	$	20,290	$	31,935

Assets and Liabilities Measured at Fair Value on Recurring and Non-Recurring basis

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

	September 30, 2021						December 31, 2020
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents:
Money market funds	$	18,170	$	—	$	—	$	29,166	$	—	$	—
Other current assets:
Indemnification - Sale of SSL		—		—		598		—		—		598
Liabilities
Other liabilities:
Indemnification - Globalstar do Brasil S.A.	$	—	$	—	$	145	$	—	$	—	$	145

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,
	2021		2020
Non-cash operating items:
Equity in net income of affiliates	$	(44,969)	$	(9,086)
Deferred taxes		(2,175)		(253)
Depreciation		2		3
Right-of-use asset, net of lease liability		(10)		(4)
Recovery of affiliate doubtful receivable		—		(5,854)
Amortization of prior service credit and actuarial loss		1,110		963
Net non-cash operating items	$	(46,042)	$	(14,231)
Supplemental information:
Interest paid	$	19	$	20
Income tax refunds	$	2	$	178
Income tax payments	$	242	$	190