Quarterly report pursuant to Section 13 or 15(d)

Derivative Contracts (Tables)

v3.5.0.2
Derivative Contracts (Tables)
 9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Values and Presentation of Derivative Financial Instruments
The following table summarizes the fair values and the presentation of our derivative financial instruments in the Condensed Consolidated Balance Sheets:
(In thousands)
Balance Sheet Component
 
September 30,
2016
 
December 31,
2015
Derivative financial instruments:
 
 
 
 
 
Common Stock options/warrants
Investments, net
 
$
2,113

 
$
5,338

Embedded conversion option
2033 Senior Notes, net of discount and estimated fair value of embedded derivatives
 
$
24,798

 
$
23,737

Forward contracts
Unrealized gains on forward contracts are recorded in Other current assets and prepaid expenses. Unrealized (losses) on forward contracts are recorded in Accrued expenses.
 
$
(100
)
 
$
9

Summary of Derivative Instrument Losses and Gains Recorded
The following table summarizes the losses and gains recorded for the nine months ended September 30, 2016 and 2015:
 
Three months ended September 30,
 
Nine months ended September 30,
(In thousands)
2016
 
2015
 
2016
 
2015
Derivative gain (loss):
 
 
 
 
 
 
 
Common Stock options/warrants
$
(12
)
 
$
(4,070
)
 
$
(4,728
)
 
$
(2,645
)
2033 Senior Notes
(5,795
)
 
36,132

 
(1,061
)
 
(31,818
)
Forward contracts
106

 
182

 
(100
)
 
363

Total
$
(5,701
)
 
$
32,244

 
$
(5,889
)
 
$
(34,100
)