Quarterly report pursuant to Section 13 or 15(d)

Investments in Available-for-Sale Securities

Investments in Available-for-Sale Securities
3 Months Ended
Mar. 31, 2015
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,










(amounts in thousands)


Time Warner Cable







Other equity securities







Total investments in available-for-sale securities







Unrealized Holding Gains and Losses

As of March 31, 2015 and December 31, 2014, the gross unrealized holding gains related to investment in AFS securities were $415 thousand and $820 thousand, respectively. There were no gross unrealized holding losses related to investment in AFS securities for the periods presented.