Quarterly report pursuant to Section 13 or 15(d)

Investments in Available-for-Sale Securities

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Investments in Available-for-Sale Securities
3 Months Ended
Mar. 31, 2016
Investments in Available-for-Sale Securities  
Investments in Available-for-Sale Securities

(4) Investments in Available-for-Sale Securities

All marketable equity and debt securities held by the Company are classified as available-for-sale (“AFS”) and are carried at fair value generally based on quoted market prices. GAAP permits entities to choose to measure many financial instruments, such as AFS securities, and certain other items at fair value and to recognize the changes in fair value of such instruments in the entity’s statements of operations. The Company has elected to account for those of its AFS securities which it considers to be nonstrategic (“Fair Value Option Securities”) at fair value. Accordingly, changes in the fair value of Fair Value Option Securities, as determined by quoted market prices, are reported in realized and unrealized gains (losses) on financial instruments in the accompanying condensed consolidated statements of operations.

Investments in AFS securities, including our interest in Time Warner Cable which is our only Fair Value Option Security, are summarized as follows:

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

 

 

2016

 

2015

 

 

 

(amounts in thousands)

 

Time Warner Cable

 

$

483,917

 

438,912

 

Other equity securities

 

 

167

 

648

 

Total investments in available-for-sale securities

 

$

484,084

 

439,560

 

Unrealized Holding Gains and Losses

As of March 31, 2016 and December 31, 2015, the gross unrealized holding gains related to investments in AFS securities were $54 thousand and $357 thousand, respectively. There were no gross unrealized holding losses related to investment in AFS securities for the periods presented.