XML 57 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Non-Operating Income (Expense)
 9 Months Ended
Sep. 30, 2014
Other Nonoperating Income (Expense) [Abstract]  
Other Non-Operating Income (Expense)
OTHER NON-OPERATING INCOME (EXPENSE)
A summary of non-operating income (expense) is as follows:
 
Three Months Ended 
 September 30
 
Nine Months Ended 
 September 30
(in thousands)
2014
 
2013
 
2014
 
2013
Gain on sale of intangible assets
$
75,249

 
$
—

 
$
75,249

 
$
—

Foreign currency (loss) gain, net
(10,564
)
 
7,886

 
(2,618
)
 
(9,350
)
Gain on Berkshire marketable equity securities exchange
—

 
—

 
266,733

 
—

Gain on sale of headquarters building
—

 
—

 
127,670

 
—

(Losses) gain on sales or write-down of marketable equity securities
—

 
—

 
(3,044
)
 
879

Other, net
(159
)
 
224

 
1,923

 
(360
)
Total Other Non-Operating Income (Expense)
$
64,526

 
$
8,110

 
$
465,913

 
$
(8,831
)

In July 2014, the cable division sold wireless spectrum licenses for $98.8 million; a pre-tax gain of $75.2 million was reported in the third quarter of 2014 in connection with these sales. The licenses had been purchased in the 2006 AWS Auction.

On June 30, 2014, the Company completed a transaction with Berkshire Hathaway, as described in Note 4 that included the exchange of 2,107 Class A Berkshire shares and 1,278 Class B Berkshire shares owned by the Company; a $266.7 million gain was recorded.
On March 27, 2014, the Company completed the sale of its headquarters building for $158 million. In connection with the sale, the Company recorded a $127.7 million pre-tax gain.