XML 34 R23.htm IDEA: XBRL DOCUMENT v3.20.2
Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2020
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,

​

2020

​

2019

Cash and cash equivalents

$

83,386

​

$

259,067

Restricted cash included in other current assets

​

304

​

​

—

Restricted cash included in other assets

​

—

​

​

304

Cash, cash equivalents and restricted cash shown in the statement of cash flows

$

83,690

​

$

259,371

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, 2020

​

December 31, 2019

​

Level 1

  

Level 2

  

Level 3

   

Level 1

  

Level 2

  

Level 3

Assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash and cash equivalents:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Money market funds

$

80,658

​

$

—

​

$

—

​

$

256,915

​

$

—

​

$

—

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,

​

​

2020

​

2019

​

Non-cash operating items:

​

​

​

​

​

​

Equity in net income of affiliates

$

(9,086)

  

$

(92,066)

 

Deferred taxes

​

(253)

​

​

2,802

​

Depreciation and amortization

​

3

​

​

9

​

Right-of-use asset, net of lease liability

​

(4)

​

​

12

​

Recovery of affiliate doubtful receivable

​

(5,854)

​

​

—

​

Amortization of prior service credit and actuarial loss

​

963

​

​

752

​

Net non-cash operating items

$

(14,231)

​

$

(88,491)

​

Supplemental information:

​

​

​

​

​

​

Interest paid

$

20

​

$

15

​

Income tax refunds

$

178

​

$

2,980

​

Income tax payments

$

190

​

$

226

​