Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.3.0.814
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2015
Accounting Policies [Abstract]  
Summary of assets and liabilities measured at fair value

Our assets and liabilities measured at fair value were as follows:

 

 

September 30, 2015

 

 

December 31, 2014

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total Fair

Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Total Fair

Value

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sirius XM Canada Holdings Inc.

   ("Sirius XM Canada") - investment (a)

 

$

173,900

 

 

 

—

 

 

 

—

 

 

$

173,900

 

 

$

246,500

 

 

 

—

 

 

—

 

$

246,500

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt (b)

 

 

—

 

 

$

5,419,038

 

 

 

—

 

 

$

5,419,038

 

 

 

—

 

 

$

4,613,044

 

 

—

 

$

4,613,044

 

 

(a)

This amount approximates fair value.  The carrying value of our investment in Sirius XM Canada was $0 and $2,654 as of September 30, 2015 and December 31, 2014, respectively.

(b)

The fair value for non-publicly traded instruments is based upon estimates from a market maker and brokerage firm.  Refer to Note 11 for information related to the carrying value of our debt as of September 30, 2015 and December 31, 2014.