Quarterly report pursuant to Section 13 or 15(d)

Derivative Contracts (Tables)

v3.7.0.1
Derivative Contracts (Tables)
3 Months Ended
Mar. 31, 2017
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
 
March 31,
2017
 
December 31,
2016
Derivative financial instruments:
 
 
 
 
 
Common Stock options/warrants
Investments, net
 
$
3,072

 
$
4,017

Embedded conversion option
2033 Senior Notes, net of discount and estimated fair value of embedded derivatives
 
$
11,791

 
$
16,736

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.
 
$
47

 
$
39

Summary of Derivative Instrument Losses and Gains Recorded
The following table summarizes the losses and gains recorded for the three months ended March 31, 2017 and 2016:
 
Three months ended March 31,
(In thousands)
2017
 
2016
Derivative gain (loss):
 
 
 
Common Stock options/warrants
$
(955
)
 
$
(986
)
2033 Senior Notes
4,945

 
(138
)
Forward contracts
47

 
(299
)
Total
$
4,037

 
$
(1,423
)