Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.4.0.3
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Summary of assets and liabilities measured at fair value
Our assets and liabilities measured at fair value were as follows:
 
March 31, 2016
 
December 31, 2015
 
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)
$
168,863

 
—

 
—

 
$
168,863

 
$
141,850

 
—

 
—

 
$
141,850

Liabilities:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Debt (b)
—

 
$
5,945,992

 
—

 
$
5,945,992

 
—

 
$
5,649,173

 
—

 
$
5,649,173

(a)
This amount approximates fair value.  The carrying value of our investment in Sirius XM Canada was $6,386 and $0 as of March 31, 2016 and December 31, 2015, respectively.
(b)
The fair value for non-publicly traded instruments is based upon estimates from a market maker and brokerage firm.  Refer to Note 10 for information related to the carrying value of our debt as of March 31, 2016 and December 31, 2015.