Quarterly report pursuant to Section 13 or 15(d)

Derivative Contracts (Tables)

v3.4.0.3
Derivative Contracts (Tables)
3 Months Ended
Mar. 31, 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
 
March 31,
2016
 
December 31,
2015
Derivative financial instruments:
 
 
 
 
 
Common Stock options/warrants
Investments, net
 
$
4,615

 
$
5,338

Embedded conversion option
2033 Senior Notes, net of discount and estimated fair value of embedded derivatives
 
$
23,875

 
$
23,737

Forward contracts
Unrealized gains on forward contracts are recorded in Prepaid expenses and other current assets. Unrealized losses on forward contracts are recorded in Accrued expenses.
 
$
(296
)
 
$
9

Summary of Derivative Instrument Losses and Gains Recorded
The following table summarizes the losses and gains recorded for the three months ended March 31, 2016 and 2015:
 
Three months ended March 31,
(In thousands)
2016
 
2015
Derivative gain (loss):
 
 
 
Common Stock options/warrants
$
(986
)
 
$
3,871

2033 Senior Notes
(138
)
 
(53,730
)
Forward contracts
(299
)
 
71

Total
$
(1,423
)
 
$
(49,788
)