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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2015	Apr. 30, 2015
Document and Entity Information [Line Items]
Document type	10-Q
Amendment flag	false
Document period end date	Mar. 31, 2015
Document fiscal year focus	2015
Document fiscal period focus	Q1
Trading symbol	GSAT
Entity registrant name	Globalstar, Inc.
Entity central index key	0001366868
Current fiscal year end date	--12-31
Entity filer category	Large Accelerated Filer
Voting Common Stock
Document and Entity Information [Line Items]
Entity common stock, shares outstanding (shares)		871,238,089
Nonvoting Common Stock
Document and Entity Information [Line Items]
Entity common stock, shares outstanding (shares)		134,008,656

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenue:
Service revenues	$ 17,107	$ 16,249
Subscriber equipment sales	3,915	4,287
Total revenue	21,022	20,536
Operating expenses:
Cost of services (exclusive of depreciation, amortization and accretion shown separately below)	7,434	6,938
Cost of subscriber equipment sales	3,131	3,072
Marketing, general and administrative	8,596	7,769
Depreciation, amortization and accretion	19,046	23,332
Total operating expenses	38,207	41,111
Loss from operations	(17,185)	(20,575)
Other income (expense):
Loss on extinguishment of debt	(65)	(10,195)
Interest income and expense, net of amounts capitalized	(8,517)	(10,921)
Derivative loss	(107,865)	(209,370)
Other	4,133	713
Total other income (expense)	(112,314)	(229,773)
Loss before income taxes	(129,499)	(250,348)
Income tax expense	228	193
Net loss	(129,727)	(250,541)
Other comprehensive loss:
Foreign currency translation	(1,290)	(1,235)
Total comprehensive loss	$ (131,017)	$ (251,776)
Net loss per common share:
Basic (USD per share)	$ (0.13)	$ (0.29)
Diluted (USD per share)	$ (0.13)	$ (0.29)
Weighted-average shares outstanding:
Basic (shares)	1,000,845	849,321
Diluted (shares)	1,000,845	849,321

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 13,655	$ 7,121
Accounts receivable, net of allowance of $4,727 and $4,788, respectively	15,300	15,015
Inventory	13,584	14,734
Prepaid expenses and other current assets	7,283	7,944
Total current assets	49,822	44,814
Property and equipment, net	1,100,504	1,113,560
Restricted cash	37,918	37,918
Deferred financing costs, net	60,989	63,862
Intangible and other assets, net of accumulated amortization of $6,138 and $5,669, respectively	9,436	8,266
Total assets	1,258,669	1,268,420
Current liabilities:
Current portion of long-term debt	6,450	6,450
Accounts payable, including contractor payables of $0 and $1,180, respectively	5,010	6,922
Accrued contract termination charge	19,023	21,308
Accrued expenses	26,705	22,342
Payables to affiliates	376	481
Deferred revenue	21,481	21,740
Total current liabilities	79,045	79,243
Long-term debt, less current portion	626,653	623,640
Employee benefit obligations	5,478	5,499
Derivative liabilities	548,526	441,550
Deferred revenue	6,517	6,572
Debt restructuring fees	20,795	20,795
Other non-current liabilities	11,233	12,205
Total non-current liabilities	1,219,202	1,110,261
Commitments and contingent liabilities (Notes 7 and 8)
Stockholders’ (deficit) equity:
Preferred Stock	0	0
Additional paid-in capital	1,516,141	1,503,619
Accumulated other comprehensive loss	(4,188)	(2,898)
Retained deficit	(1,551,631)	(1,421,904)
Total stockholders’ (deficit) equity	(39,578)	78,916
Total liabilities and stockholders’ equity	1,258,669	1,268,420
Common Stock
Stockholders’ (deficit) equity:
Common Stock	87	86
Nonvoting Common Stock
Stockholders’ (deficit) equity:
Common Stock	$ 13	$ 13

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Accounts receivable, allowance	$ 4,727	$ 4,788
Accumulated amortization	6,138	5,669
Accrued second-generation constellation costs	$ 0	$ 1,180
Preferred stock, par value (USD per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (shares)	100,000,000	100,000,000
Preferred stock, shares issued (shares)	0	0
Preferred stock, shares outstanding (shares)	0	0
Series A Preferred Stock
Preferred stock, par value (USD per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (shares)	1	1
Preferred stock, shares issued (shares)	0	0
Preferred stock, shares outstanding (shares)	0	0
Common Stock
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (shares)	1,200,000,000	1,200,000,000
Common stock, shares issued (shares)	869,594,366	864,378,563
Common stock, shares outstanding (shares)	869,594,366	864,378,563
Nonvoting Common Stock
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (shares)	400,000,000	400,000,000
Common stock, shares issued (shares)	134,008,656	134,008,656
Common stock, shares outstanding (shares)	134,008,656	134,008,656

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement of Cash Flows [Abstract]
Net Income (Loss) Attributable to Parent	$ (129,727)	$ (250,541)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion	19,046	23,332
Change in fair value of derivative assets and liabilities	107,865	209,370
Stock-based compensation expense	818	628
Amortization of deferred financing costs	2,336	2,541
Provision for bad debts	690	597
Noncash interest and accretion expense	2,578	4,078
Loss on extinguishment of debt	65	10,195
Other, net	304	864
Unrealized foreign currency (gain) loss	(4,030)	(1,090)
Changes in operating assets and liabilities:
Accounts receivable	(1,309)	(865)
Inventory	794	2,087
Prepaid expenses and other current assets	201	(695)
Other assets	(476)	(629)
Accounts payable and accrued expenses	3,641	2,897
Payables to affiliates	(105)	30
Other non-current liabilities	(163)	(119)
Deferred revenue	(7)	1,119
Net cash provided by operating activities	2,521	3,799
Cash flows provided by (used in) investing activities:
Second-generation ground-related costs (including interest)	(4,018)	(1,366)
Property and equipment additions	(1,790)	(428)
Net cash used in investing activities	(5,808)	(1,794)
Cash flows provided by (used in) financing activities
Proceeds from issuance of stock to Terrapin	10,000	0
Payments of deferred financing costs	0	(164)
Proceeds from issuance of common stock and exercise of warrants	61	310
Net cash provided by financing activities	10,061	146
Effect of exchange rate changes on cash	(240)	36
Net increase in cash and cash equivalents	6,534	2,187
Cash and cash equivalents, beginning of period	7,121	17,408
Cash and cash equivalents, end of period	13,655	19,595
Supplemental disclosure of cash flow information:
Cash paid for: Interest	0	0
Cash paid for: Income taxes	0	29
Supplemental disclosure of non-cash financing and investing activities:
Increase in non-cash capitalized accrued interest for second-generation ground-related costs	474	445
Capitalization of the accretion of debt discount and amortization of prepaid financing costs	761	642
Payments made in convertible notes and common stock	427	813
Principal amount of debt converted into common stock	237	15,856
Reduction of debt discount and deferred financing costs due to conversion of debt	84	7,351
Fair value of common stock issued upon conversion of debt	1,086	59,064
Reduction in derivative liability due to conversion of debt	$ 868	$ 40,173

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION Globalstar, Inc. (“Globalstar” or “the Company”) provides Mobile Satellite Services (“MSS”) including voice and data communications services through its global satellite network. Thermo Capital Partners LLC, through its affiliates, (“Thermo”) is Globalstar’s principal owner and largest stockholder. Globalstar’s Executive Chairman and Chief Executive Officer controls Thermo and its affiliates. Two other members of Globalstar’s Board of Directors are also directors, officers or minority equity owners of various Thermo entities. The Company has prepared the accompanying unaudited interim condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information. Certain information and footnote disclosures normally in financial statements have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission; however, management believes the disclosures made are adequate to make the information presented not misleading. These financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in Globalstar, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the Securities and Exchange Commission (the "SEC") on March 2, 2015 (the "2014 Annual Report"), and Management's Discussion and Analysis of Financial Condition and Results of Operations herein. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company evaluates estimates on an ongoing basis. Significant estimates include the value of derivative instruments, the allowance for doubtful accounts, the net realizable value of inventory, the useful life and value of property and equipment, income taxes and the value of stock-based compensation. Actual results could differ from these estimates. These unaudited interim condensed consolidated financial statements include the accounts of Globalstar and its majority owned or otherwise controlled subsidiaries. All significant intercompany transactions and balances have been eliminated in the consolidation. In the opinion of management, the information included herein includes all adjustments, consisting of normal recurring adjustments, that are necessary for a fair presentation of the Company’s condensed consolidated statements of operations, condensed consolidated balance sheets, and condensed consolidated statements of cash flows for the periods presented. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected for the full year or any future period. The Company evaluates events that occur after the balance sheet date but before the financial statements are issued for potential recognition or disclosure. Based on this evaluation, the Company determined that there were no material subsequent events for recognition or disclosure other than those disclosed herein. Recently Issued Accounting Pronouncements In February 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-02, Consolidation - Amendments to the Consolidation Analysis. ASU 2015-02 was issued in response to concerns that current GAAP might require a reporting entity to consolidate another legal entity in situations in which the reporting entity’s contractual rights do not give it the ability to act primarily on its own behalf, the reporting entity does not hold a majority of the legal entity’s voting rights, or the reporting entity is not exposed to a majority of the legal entity’s economic benefits or obligations. The amendments included in ASU 2015-02 are intended to improve targeted areas in the consolidation guidance, which includes legal entities such as limited partnerships and limited liability companies and the evaluation of fees paid to a decision maker. This ASU is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The Company is currently evaluating the impact this standard will have on its consolidated financial statements and related disclosures. The Company has not yet determined the effect of the standard on its ongoing reporting. In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest - Simplifying the Presentation of Debt Issue Costs. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the consolidated balance sheet as a reduction in the carrying amount of the related debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by this ASU. This ASU is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Upon adoption, if applicable, this ASU will be applied on a retrospective basis, wherein the consolidated balance sheet of each period presented will be adjusted to reflect the effects of applying the new guidance. The Company would be required to comply with the applicable disclosures for a change in an accounting principle, including the nature of and reason for the change in accounting principle, the transition method, a description of the prior-period information that has been retrospectively adjusted, and the effect of the change on the financial statement line items (that is, the previously reported debt issuance cost asset and the adjusted debt liability). The Company is currently evaluating the impact this standard will have on its consolidated financial statements and related disclosures. The Company has not yet determined the effect of the standard on its ongoing reporting.

Property and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

PROPERTY AND EQUIPMENT

Property and equipment consists of the following (in thousands):



	March 31, 2015			December 31, 2014
Globalstar System:
Space component
Second-generation satellites in service	$	1,211,904		$	1,211,904
Prepaid long-lead items	17,040			17,040
Second-generation satellite, on-ground spare	32,481			32,481
Ground component	46,646			47,595
Construction in progress:
Space component	58			30
Ground component	146,876			141,789
Other	3,216			2,458
Total Globalstar System	1,458,221			1,453,297
Internally developed and purchased software	15,039			15,392
Equipment	12,686			12,647
Land and buildings	3,371			3,590
Leasehold improvements	1,677			1,620
Total property and equipment	1,490,994			1,486,546
Accumulated depreciation	(390,490		)	(372,986		)
Total property and equipment, net	$	1,100,504		$	1,113,560

Amounts in the above table consist primarily of costs incurred related to the construction of the Company’s second-generation constellation and ground upgrades. Amounts included in the Company’s second-generation satellite, on-ground spare balance as of March 31, 2015, consist primarily of costs related to a spare second-generation satellite that has not been placed in orbit, but is capable of being included in a future launch of satellites. As of March 31, 2015, this satellite and the prepaid long-lead items ("LLI") have not been placed into service, and therefore the Company has not yet recorded depreciation expense for these items.

Pursuant to the Amended and Restated Contract for the construction of the Globalstar Satellite for the Second Generation Constellation between Globalstar and Thales Alenia Space France ("Thales"), dated and executed in June 2009 ("2009 Contract"), Globalstar paid €12 million in purchase price plus an additional €3.1 million in procurement costs for the LLI to be procured by Thales on Globalstar's behalf. The LLI were to be used in the construction of the Phase 3 satellites for Globalstar. As reflected on the Company's condensed consolidated balance sheet and in the above table, Globalstar believes that it owns the LLI and that the title transferred upon procurement. Recently, Globalstar asked Thales to turn over the LLI. Despite historical statements to the contrary, Thales currently disputes Globalstar's ownership of the LLI and has recently asserted that Globalstar released its title to the LLI pursuant to that certain Release Agreement, dated as of June 24, 2012, which is described more fully below. Thales further asserts that the LLI belong to Thales and that Thales has no obligation to turn over possession of such LLI to Globalstar. Globalstar disputes Thales' assertions and is currently considering its rights and remedies to recover the LLI. At this time, Globalstar cannot predict the outcome related to this dispute, including, without limitation, the likelihood of any settlement or the probability of success with respect to any litigation which Globalstar may determine to commence with respect to the LLI.

Capitalized Interest and Depreciation Expense

The following tables summarize capitalized interest (in thousands):



	Three Months Ended March 31,
	2015			2014
Interest cost eligible to be capitalized	$	10,116		$	12,254
Interest cost recorded in interest expense, net	(7,925		)	(10,413		)
Net interest capitalized	$	2,191		$	1,841

The following table summarizes depreciation expense (in thousands):



	Three Months Ended March 31,
	2015		2014
Depreciation expense	$	18,903	$	23,009

Long-Term Debt and Other Financing Arrangements

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Long-Term Debt and Other Financing Arrangements

LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS

Long-term debt consists of the following (in thousands):



	March 31, 2015				December 31, 2014
	Principal Amount		Carrying Value		Principal Amount		Carrying Value
Facility Agreement	$	582,296	$	582,296	$	582,296	$	582,296
Thermo Loan Agreement	70,219		35,656		68,154		32,971
8.00% Convertible Senior Notes Issued in 2013	22,561		15,151		22,799		14,823
Total Debt	675,076		633,103		673,249		630,090
Less: Current Portion	6,450		6,450		6,450		6,450
Long-Term Debt	$	668,626	$	626,653	$	666,799	$	623,640

The principal amounts shown above include payment of in-kind interest, as applicable. The carrying value is net of any discounts to the loan amounts at issuance, including accretion, as further described below. The current portion of long-term debt represents the scheduled principal repayments under the Facility Agreement due within one year of the balance sheet date.

Facility Agreement

The Company’s senior secured credit facility agreement, as amended and restated in August 2013 (the “Facility Agreement”), is scheduled to mature in December 2022. As of March 31, 2015, the Facility Agreement was fully drawn. Semi-annual principal repayments began in December 2014. The facility bears interest at a floating rate of LIBOR plus 2.75% through June 2017, increasing by an additional 0.5% each year thereafter to a maximum rate of LIBOR plus 5.75%. Ninety-five percent of the Company’s obligations under the Facility Agreement are guaranteed by COFACE, the French export credit agency. The Company’s obligations under the Facility Agreement are guaranteed on a senior secured basis by all of its domestic subsidiaries and are secured by a first priority lien on substantially all of the assets of the Company and its domestic subsidiaries (other than their FCC licenses), including patents and trademarks, 100% of the equity of the Company’s domestic subsidiaries and 65% of the equity of certain foreign subsidiaries.

The Facility Agreement contains customary events of default and requires that the Company satisfy various financial and non-financial covenants. Pursuant to the terms of the Facility Agreement, the Company has the ability to cure noncompliance with certain financial covenants with equity contributions through June 2017. If the Company violates any of these covenants and is unable to make a sufficient equity contribution or obtain a waiver, it would be in default under the agreement and payment of the indebtedness could be accelerated. The acceleration of the Company's indebtedness under one agreement may permit acceleration of indebtedness under other agreements that contain cross-acceleration provisions. The covenants under the Facility Agreement limit the Company's ability to, among other things, incur or guarantee additional indebtedness; make certain investments, acquisitions or capital expenditures above certain agreed levels; pay dividends or repurchase or redeem capital stock or subordinated indebtedness; grant liens on its assets; incur restrictions on the ability of its subsidiaries to pay dividends or to make other payments to the Company; enter into transactions with its affiliates; merge or consolidate with other entities or transfer all or substantially all of its assets; and transfer or sell assets.

The compliance calculations of the financial covenants of the Facility Agreement permit inclusion of certain cash funds contributed to the Company from the issuance of the Company's common stock and/or Subordinated Indebtedness. These funds are referred to as "Equity Cure Contributions" and may be funded in order to achieve compliance with the covenants described above, subject to the conditions set forth in the Facility Agreement. Each Equity Cure Contribution must be made in a minimum amount of $10 million with no maximum amount for each measurement period or in the aggregate for all periods until the date that such funding is no longer allowed by the Facility Agreement. In February 2015, the Company drew $10 million under its agreement with Terrapin (described below). These funds were deemed an Equity Cure Contribution under the Facility Agreement and were used in the Company's calculation of compliance with certain financial covenants under the Facility Agreement. The Company believes it was in compliance with its financial and non-financial covenants as of December 31, 2014 and March 31, 2015. The agent for the lenders recently notified the Company that, according to its interpretation of a formula in the Facility Agreement, the Company was not in compliance with one financial covenant for the period ended December 31, 2014. The Company has notified the agent that its advisors and the Company disagree with the agent's interpretation based on the language set forth in the covenant. The Company is currently in discussions with the agent regarding covenant calculations for past and future measurement periods.

The Facility Agreement requires the Company to maintain a total of $37.9 million in a debt service reserve account, which is pledged to secure all of the Company's obligations under the Facility Agreement. The use of these funds is restricted to making principal and interest payments under the Facility Agreement. As of March 31, 2015, the balance in the debt service reserve account, which was established with the proceeds of the loan agreement with Thermo discussed below, was $37.9 million and classified as restricted cash.

Thermo Loan Agreement

In connection with the amendment and restatement of the Facility Agreement in 2013, the Company amended and restated its loan agreement with Thermo (as amended and restated, the “Loan Agreement”). This loan is subordinated to all of the Company’s obligations under the Facility Agreement.

The Loan Agreement accrues interest at 12% per annum, which is capitalized and added to the outstanding principal in lieu of cash payments. The Company will make payments to Thermo only when permitted by the Facility Agreement. The Loan Agreement becomes due and payable six months after the obligations under the Facility Agreement have been paid in full, or earlier if the Company has a change in control or any acceleration of the maturity of the loans under the Facility Agreement occur. As of March 31, 2015, $32.7 million of interest was accrued on the Loan Agreement; the Thermo loan is included in long-term debt on the Company’s condensed consolidated balance sheet.

The Company evaluated the various embedded derivatives within the Loan Agreement (See Note 5: Fair Value Measurements for additional information about the embedded derivative in the Loan Agreement). The Company determined that the conversion option and the contingent put feature upon a fundamental change required bifurcation from the Loan Agreement. The conversion option and the contingent put feature were not deemed clearly and closely related to the Loan Agreement and were separately accounted for as a standalone derivative. The Company recorded this compound embedded derivative liability as a non-current liability on its condensed consolidated balance sheet with a corresponding debt discount, which is netted against the face value of the Loan Agreement.

The Company is accreting the debt discount associated with the compound embedded derivative liability to interest expense through the maturity of the Loan Agreement using an effective interest rate method. The fair value of the compound embedded derivative liability is marked-to-market at the end of each reporting period, with any changes in value reported in the condensed consolidated statements of operations. The Company determined the fair value of the compound embedded derivative using a blend of a Monte Carlo simulation model and market prices.

8.00% Convertible Senior Notes Issued in 2013

The 8.00% Convertible Senior Notes Issued in 2013 (the "8.00% Notes Issued in 2013") initially were convertible into shares of common stock at a conversion price of $0.80 per share of common stock, or 1,250 shares of the Company’s common stock per $1,000 principal amount of the 8.00% Notes Issued in 2013, subject to adjustment. The conversion price of the 8.00% Notes Issued in 2013 will be adjusted in the event of certain stock splits or extraordinary share distributions, or as a reset of the base conversion and exercise price pursuant to the terms of the Fourth Supplemental Indenture between us and U.S. Bank National Association, as Trustee, dated May 20, 2013 (the "New Indenture"). Due to common stock issuances by the Company since May 20, 2013 at prices below the then effective conversion rate, the base conversion price (rounded to the nearest cent) was reduced to $0.73 per share of common stock as is the current conversion price as of March 31, 2015.

The 8.00% Notes Issued in 2013 are senior unsecured debt obligations of the Company, with no sinking fund. The 8.00% Notes Issued in 2013 will mature on April 1, 2028, subject to various call and put features, and bear interest at a rate of 8.00% per annum. Interest on the 8.00% Notes Issued in 2013 is payable semi-annually in arrears on April 1 and October 1 of each year. Interest is paid in cash at a rate of 5.75% per annum and additional notes at a rate of 2.25% per annum. The New Indenture for the new 8.00% Notes Issued in 2013 provides for customary events of default. As of March 31, 2015, the Company was in compliance with respect to the 8.00% Notes Issued in 2013 and the New Indenture.

Subject to certain conditions set forth in the New Indenture, the Company may redeem the 8.00% Notes Issued in 2013, with the prior approval of the Majority Lenders under the Facility Agreement, in whole or in part, at any time on or after April 1, 2018, at a price equal to the principal amount of the 8.00% Notes Issued in 2013 to be redeemed plus all accrued and unpaid interest thereon.

A holder of 8.00% Notes Issued in 2013 has the right, at the Holder’s option, to require the Company to purchase some or all of the 8.00% Notes Issued in 2013 held by it on each of April 1, 2018 and April 1, 2023 at a price equal to the principal amount of the 8.00% Notes Issued in 2013 to be purchased plus accrued and unpaid interest.

Subject to the procedures for conversion and other terms and conditions of the New Indenture, a holder may convert its 8.00% Notes Issued in 2013 at its option at any time prior to the close of business on the business day immediately preceding April 1, 2028, into shares of common stock (or, at the option of the Company, cash in lieu of all or a portion thereof, provided that, under the Facility Agreement, the Company may pay cash only with the consent of the Majority Lenders).

During April 2015, the Company received notices of conversion for approximately $6.3 million principal amount of 8.00% Notes Issued in 2013. During the quarter ended March 31, 2015, $0.2 million principal amount of 8.00% Notes Issued in 2013 were converted, resulting in a loss on extinguishment of debt of $0.1 million on the issuance of 0.5 million shares of voting common stock.

Through March 31, 2015, a total of $33.1 million principal amount of 8.00% Notes Issued in 2013 had been converted, resulting in the issuance of approximately 60.7 million shares of voting common stock. The Company recorded a loss on extinguishment of debt of less than $0.1 million and $10.5 million during the three months ended March 31, 2015 and 2014, respectively, related to conversions. Holders receive conversion shares over a 40-consecutive trading day settlement period. As a result of this feature, the portion of converted debt is extinguished on an incremental basis over the 40-day settlement period, reducing the Company's debt balance outstanding. As of March 31, 2015, there were no conversions that had been initiated but not yet fully settled.

The Company evaluated the various embedded derivatives within the New Indenture for the 8.00% Notes Issued in 2013. The Company determined that the conversion option and the contingent put feature within the New Indenture required bifurcation from the 8.00% Notes Issued in 2013. The conversion option and the contingent put feature were not deemed clearly and closely related to the 8.00% Notes Issued in 2013 and were separately accounted for as a standalone derivative. The Company recorded this compound embedded derivative liability as a non-current liability on its condensed consolidated balance sheet with a corresponding debt discount which is netted against the face value of the 8.00% Notes Issued in 2013.

The Company is accreting the debt discount associated with the compound embedded derivative liability to interest expense through the first put date of the 8.00% Notes Issued in 2013 (April 1, 2018) using an effective interest rate method. The fair value of the compound embedded derivative liability is being marked-to-market at the end of each reporting period, with any changes in value reported in the condensed consolidated statements of operations. The Company determined the fair value of the compound embedded derivative using a blend of a Monte Carlo simulation model and market prices.

Warrants Outstanding

Warrants are outstanding to purchase shares of common stock as shown in the table below:



	Outstanding Warrants		Strike Price
	March 31, 2015	December 31, 2014	March 31, 2015		December 31, 2014
Contingent Equity Agreement (1)	30,191,866	30,191,866	$	0.01	$	0.01
5.0% Warrants (2)	8,000,000	8,000,000	0.32		0.32
	38,191,866	38,191,866

(1)

Pursuant to the terms of a Contingent Equity Agreement with Thermo (See Note 3: Long-Term Debt and Other Financing Arrangements in the Consolidated Financial Statements in the 2014 Annual Report for a complete description of the Contingent Equity Agreement), the Company issued to Thermo warrants to purchase shares of common stock pursuant to the annual availability fee and subsequent reset provisions in the Contingent Equity Agreement. These warrants have a five-year exercise period from issuance. These warrants were issued between June 2009 and June 2012, and the exercise periods expire through June 2017. As of March 31, 2015, Thermo had exercised warrants to purchase approximately 11.3 million of these shares prior to the expiration of the associated warrants.

(2)

In June 2011, the Company issued warrants (the “5.0% Warrants”) to purchase 15.2 million shares of its voting common stock in connection with the issuance of its 5.0% Convertible Senior Unsecured Notes. During 2013, a portion of the 5.0% Warrants were exercised to purchase 7.2 million shares of common stock. The remaining 5.0% Warrants are exercisable until June 2016, which is five years after their issuance. See 5.0% Convertible Senior Notes in Note 3: Long-Term Debt and Other Financing Arrangements in the Consolidated Financial Statements in the 2014 Annual Report for a complete description of the 5.0% Warrants.

Terrapin Opportunity, L.P. Common Stock Purchase Agreement

On December 28, 2012 the Company entered into a Common Stock Purchase Agreement with Terrapin pursuant to which the Company may, subject to certain conditions, require Terrapin to purchase up to $30.0 million of shares of voting common stock over the 24-month term following the effectiveness of a resale registration statement, which became effective on August 2, 2013. This type of arrangement is sometimes referred to as a committed equity line financing facility. From time to time over the 24-month term following the effectiveness of the registration statement, and in the Company’s sole discretion, the Company may present Terrapin with up to 36 draw down notices requiring Terrapin to purchase a specified dollar amount of shares of voting common stock, based on the price per share per day over ten consecutive trading days (a "Draw Down Period"). The per share purchase price for these shares will equal the daily volume weighted average price of common stock on each date during the Draw Down Period on which shares are purchased, less a discount ranging from 3.5% to 8% based on a minimum price that the Company specifies. In addition, in the Company’s sole discretion, but subject to certain limitations, the Company may require Terrapin to purchase a percentage of the daily trading volume of its common stock for each trading day during the Draw Down Period. The Company has agreed not to sell to Terrapin a number of shares of voting common stock which, when aggregated with all other shares of voting common stock then beneficially owned by Terrapin and its affiliates, would result in the beneficial ownership by Terrapin or any of its affiliates of more than 9.9% of the then issued and outstanding shares of voting common stock.

When the Company makes a draw under the Terrapin equity line agreement, it issues Terrapin shares of common stock at a price per share calculated as specified in the agreement. As of March 31, 2015, Terrapin had purchased a total of 10.6 million shares of voting common stock at a total purchase price of $16.0 million pursuant to the terms of the agreement. As of March 31, 2015, $14.0 million remained available under this agreement. In February 2015, the Company drew $10.0 million under the agreement with Terrapin, which amount was used as an Equity Cure Contribution under the terms of the Facility Agreement, and issued 4.5 million shares of voting common stock to Terrapin at an average price of $2.22 per share. The Company anticipates that it will make additional draws under the Terrapin Agreement during 2015, which may be used as Equity Cure Contributions under the Facility Agreement, or for liquidity purposes.

Derivatives

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

DERIVATIVES

In connection with certain existing and past borrowing arrangements, the Company was required to record derivative instruments on its condensed consolidated balance sheets. None of these derivative instruments are designated as hedges. The following tables disclose the fair values of the derivative instruments on the Company’s condensed consolidated balance sheets (in thousands):



	March 31, 2015			December 31, 2014

Intangible and other assets - Interest rate cap	$	24		$	46

Compound embedded derivative with 8.00% Notes Issued in 2013	$	(97,208	)	$	(79,040	)
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement	(451,318		)	(362,510		)
Total derivative liabilities	$	(548,526	)	$	(441,550	)

The following table discloses the changes in value recorded as derivative gain (loss) in the Company’s condensed consolidated statement of operations (in thousands):



	Three Months Ended
	March 31, 2015			March 31, 2014
Interest rate cap	$	(22	)	$	(48	)
Warrants issued with 8.00% Notes Issued in 2009	—			(35,797		)
Compound embedded derivative with 8.00% Notes Issued in 2009	—			(23,087		)
Compound embedded derivative with 8.00% Notes Issued in 2013	(19,035		)	(47,957		)
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement	(88,808		)	(102,481		)
Total derivative loss	$	(107,865	)	$	(209,370	)

Intangible and Other Assets

Interest Rate Cap

In June 2009, in connection with entering into the Facility Agreement, which accrues interest at a variable rate, the Company entered into five ten-year interest rate cap agreements. The interest rate cap agreements reflect a variable notional amount ranging from $586.3 million to $14.8 million at interest rates that provide coverage to the Company for exposure resulting from escalating interest rates over the term of the Facility Agreement. The interest rate cap provides limits on the six-month Libor rate (“Base Rate”) used to calculate the coupon interest on outstanding amounts on the Facility Agreement and is capped at 5.50% should the Base Rate not exceed 6.5%. Should the Base Rate exceed 6.5%, the Company’s Base Rate will be 1% less than the then six-month Libor rate. The Company paid an approximately $12.4 million upfront fee for the interest rate cap agreements. The interest rate cap did not qualify for hedge accounting treatment, and changes in the fair value of the agreements are included in the condensed consolidated statements of operations.

Derivative Liabilities

The Company has identified various embedded derivatives resulting from certain features in the Company’s debt instruments. These embedded derivatives required bifurcation from the debt host instrument. All embedded derivatives that required bifurcation are recorded as a derivative liability on the Company’s condensed consolidated balance sheet with a corresponding debt discount netted against the principal amount of the related debt instrument. The Company accretes the debt discount associated with each derivative liability to interest expense over the term of the related debt instrument using an effective interest rate method. The fair value of each embedded derivative liability is marked-to-market at the end of each reporting period with any changes in value reported in its condensed consolidated statements of operations. Each liability and the features embedded in the debt instrument which required the Company to account for the instrument as a derivative are described below.

Compound Embedded Derivative with 8.00% Notes Issued in 2013

As a result of the conversion option and the contingent put feature within the 8.00% Notes Issued in 2013, the Company recorded a compound embedded derivative liability on its condensed consolidated balance sheet with a corresponding debt discount that is netted against the face value of the 8.00% Notes Issued in 2013. The Company determined the fair value of the compound embedded derivative liability using a blend of a Monte Carlo simulation model and market prices.

Compound Embedded Derivative with the Amended and Restated Thermo Loan Agreement

As a result of the conversion option and the contingent put feature within the Loan Agreement with Thermo as amended and restated in July 2013, the Company recorded a compound embedded derivative liability on its condensed consolidated balance sheet with a corresponding debt discount that is netted against the face value of the Amended and Restated Loan Agreement. The Company determined the fair value of the compound embedded derivative liability using a blend of a Monte Carlo simulation model and market prices.

Compound Embedded Derivative with 8.00% Notes Issued in 2009

As a result of the conversion rights and features and the contingent put feature embedded within the 8.00% Notes Issued in 2009, the Company recorded a compound embedded derivative liability on its condensed consolidated balance sheet with a corresponding debt discount that is netted against the principal amount of the 8.00% Notes Issued in 2009. The Company determined the fair value of the compound embedded derivative using a blend of a Monte Carlo simulation model and market prices. On April 15, 2014, the remaining principal amount of 8.00% Notes Issued in 2009 was converted into common stock; accordingly, the derivative liability embedded in the 8.00% Notes Issued in 2009 is no longer outstanding. See 8.00% Convertible Senior Unsecured Notes Issued in 2009 in Note 3: Long-Term Debt and Other Financing Arrangements in the Consolidated Financial Statements in the 2014 Annual Report for a complete description of the 8.00% Notes Issued in 2009 and the 8.00% Warrants.

Warrants Issued with 8.00% Notes Issued in 2009

Due to the cash settlement provisions and reset features in the 8.00% Warrants issued with the 8.00% Notes Issued in 2009, the Company recorded the 8.00% Warrants as an embedded derivative liability on its condensed consolidated balance sheet with a corresponding debt discount that is netted against the principal amount of the 8.00% Notes Issued in 2009. The Company determined the fair value of the warrant derivative using a Monte Carlo simulation model. The exercise period for the 8.00% Warrants expired in June 2014; accordingly, the derivative liability for the 8.00% Warrants is no longer outstanding.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

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+ Details

Fair Value Measurements

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

FAIR VALUE MEASUREMENTS

The Company follows the authoritative guidance for fair value measurements relating to financial and non-financial assets and liabilities, including presentation of required disclosures herein. This guidance establishes a fair value framework requiring the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets and liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities.

Level 2: Quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).

Recurring Fair Value Measurements

The following table provides a summary of the financial assets and liabilities measured at fair value on a recurring basis (in thousands):



	March 31, 2015
	(Level 1)		(Level 2)		(Level 3)			Total Balance
Assets:
Interest rate cap	$	—	$	24	$	—		$	24
Total assets measured at fair value	$	—	$	24	$	—		$	24

Liabilities:
Compound embedded derivative with 8.00% Notes Issued in 2013	$	—	$	—	$	(97,208	)	$	(97,208	)
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement	—		—		(451,318		)	(451,318		)
Total liabilities measured at fair value	$	—	$	—	$	(548,526	)	$	(548,526	)



	December 31, 2014
	(Level 1)		(Level 2)		(Level 3)			Total Balance
Assets:
Interest rate cap	$	—	$	46	$	—		$	46
Total assets measured at fair value	$	—	$	46	$	—		$	46

Liabilities:
Compound embedded derivative with 8.00% Notes Issued in 2013	$	—	$	—	$	(79,040	)	$	(79,040	)
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement	—		—		(362,510		)	(362,510		)
Total liabilities measured at fair value	$	—	$	—	$	(441,550	)	$	(441,550	)

Assets

Interest Rate Cap

The fair value of the interest rate cap is determined using observable pricing inputs including benchmark yields, reported trades, and broker/dealer quotes at the reporting date. See Note 4: Derivatives for further discussion.

Liabilities

The Company has two derivative liabilities in Level 3. The Company marks-to-market these liabilities at each reporting date with the changes in fair value recognized in the Company’s condensed consolidated statements of operations. See Note 4: Derivatives for further discussion.

The significant quantitative Level 3 inputs utilized in the valuation models are shown in the tables below:



	March 31, 2015
	Stock Price Volatility	Risk-Free Interest Rate		Note Conversion Price		Market Price of Common Stock
Compound embedded derivative with 8.00% Notes Issued in 2013	70% - 95%	0.9	%	$	0.73	$	3.33
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement	50% - 100%	1.8	%	$	0.73	$	3.33



	December 31, 2014
	Stock Price Volatility	Risk-Free Interest Rate		Note Conversion Price		Market Price of Common Stock
Compound embedded derivative with 8.00% Notes Issued in 2013	70% - 100%	1.2	%	$	0.73	$	2.75
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement	50% - 100%	2.1	%	$	0.73	$	2.75

Fluctuations in the Company’s stock price are a primary driver for the changes in the derivative valuations during each reporting period. As the stock price increases above the current conversion price for each of the related derivative instruments, the value to the holder of the instrument generally increases, thereby increasing the liability on the Company’s condensed consolidated balance sheet. As previously discussed, the Company uses a blend of a Monte Carlo simulation model and market prices to determine the fair value of the derivative valuations. These valuations are sensitive to the weighting applied to each of the simulated values. Additionally, stock price volatility is one of the significant unobservable inputs used in the fair value measurement of each of the Company’s derivative instruments. The simulated fair value of these liabilities is sensitive to changes in the expected volatility of the Company's stock price. Decreases in expected volatility would generally result in a lower fair value measurement.

Probability of a change of control is another significant unobservable input used in the fair value measurement of the Company’s derivative instruments. Subject to certain restrictions in each indenture, the Company’s debt instruments contain certain provisions whereby holders may require the Company to purchase all or any portion of the convertible debt instrument upon a change of control. A change of control will occur upon certain changes in the ownership of the Company or certain events relating to the trading of the Company’s common stock. The simulated fair value of the derivative liabilities above is sensitive to changes in the assumed probabilities of a change of control. Decreases in the assumed probability of a change of control would generally result in a lower fair value measurement.

In addition to the Level 3 inputs described above, the indentures governing the related debt instrument for each of the derivative liabilities included in the Company’s Level 3 fair value measurements have specific features that impact the valuation of each liability at reporting periods. These features are further described below for each of the Company’s derivative liabilities.

Compound Embedded Derivative with 8.00% Notes Issued in 2013

In addition to the inputs described above, the valuation model used to calculate the fair value measurement of the compound embedded derivative within the Company’s 8.00% Notes Issued in 2013 includes payment in kind interest payments, make whole premiums, a 40-day stock issuance settlement period upon conversion and automatic conversions. Pursuant to the terms of the New Indenture governing the 8.00% Notes Issued in 2013, there are also certain put and call features within the notes that impact the valuation model. The trading activity in the market provides the Company with additional valuation support. The Company uses a weight factor to calculate the fair value of the embedded derivative to align the fair value produced from the valuation model to the fair value of the notes traded in the market.

Compound Embedded Derivative with Amended and Restated Thermo Loan Agreement

In addition to the inputs described above, the valuation model used to calculate the fair value measurement of the compound embedded derivative within the Thermo Loan Agreement includes payment in kind interest payments, make whole premiums, a 40-day stock issuance settlement period upon conversion and automatic conversions. The compound embedded derivative in the Loan Agreement with Thermo contains similar features to the 8.00% Notes Issued in 2013. As stated in the previous section, the Company uses a weight factor to calculate the fair value of the embedded derivative in the 8.00% Notes Issued in 2013 to align the fair value produced from the valuation model to the fair value of the notes traded in the market. Due to the similarities in the debt instruments, a similar weight factor was applied to the embedded derivative in the Thermo Loan Agreement.

The following table presents a rollforward for all liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 31, 2015 (in thousands):



Balance at December 31, 2014	$	(441,550	)
Derivative adjustment related to conversions and exercises	867
Unrealized loss, included in derivative gain (loss)	(107,843		)
Balance at March 31, 2015	$	(548,526	)

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Accrued Expenses and Other Non-Current Liabilities

3 Months Ended

Mar. 31, 2015

Payables and Accruals [Abstract]

Accrued Expenses and Other Non-Current Liabilities

ACCRUED EXPENSES AND OTHER NON-CURRENT LIABILITIES

Accrued expenses consist of the following (in thousands):



	March 31, 2015		December 31, 2014
Accrued interest	$	5,244	$	827
Accrued compensation and benefits	2,355		2,597
Accrued property and other taxes	6,142		6,727
Accrued customer liabilities and deposits	3,547		3,358
Accrued professional and other service provider fees	2,370		1,925
Accrued liability for contingent consideration	54		481
Accrued commissions	857		686
Accrued telecommunications expenses	1,392		1,135
Accrued second-generation constellation costs	1,901		1,531
Accrued inventory in transit	953		1,189
Other accrued expenses	1,890		1,886
Total accrued expenses	$	26,705	$	22,342

Other accrued expenses include primarily outsourced logistics services, storage, warranty reserve, maintenance, rent and payments to IGOs.

Other non-current liabilities consist of the following (in thousands):



	March 31, 2015		December 31, 2014
Long-term accrued interest	$	254	$	131
Asset retirement obligation	1,213		1,184
Deferred rent and capital lease obligations	375		404
Liabilities related to the Cooperative Endeavor Agreement with the State of Louisiana	1,268		1,391
Uncertain income tax positions	5,658		6,061
Foreign tax contingencies	2,465		3,034
Total other non-current liabilities	$	11,233	$	12,205

Commitments	3 Months Ended
Commitments	Mar. 31, 2015
COMMITMENTS [Abstract]
Commitments	COMMITMENTS Contractual Obligations - Next-Generation Gateways and Other Ground Facilities As of March 31, 2015, the Company had purchase commitments with Hughes Network Systems, LLC (“Hughes”) and Ericsson Inc. (“Ericsson”) related to the procurement, deployment and maintenance of the second-generation ground network. In May 2008, the Company entered into a contract with Hughes under which Hughes will design, supply and implement the Radio Access Network (RAN) ground network equipment and software upgrades for installation at a number of the Company’s satellite gateway ground stations and satellite interface chips to be used in various next-generation Globalstar devices. In March 2015, the Company entered into an agreement with Hughes for the design, development, build, testing and delivery of four custom test equipment units for a total of $1.9 million to be delivered by the end of 2015. In April 2015, the Company extended the scope of work for delivery of two additional RANs for a total of $4.0 million with an estimated delivery date of February 2016. In April 2015, the Company also signed a letter agreement with Hughes wherein the Company granted Hughes the option to accept pre-payment of its remaining contract payments, including those related to the 2015 work mentioned above, in Globalstar common stock at a 7% discount in lieu of cash. $15.5 million of the $16.3 million total remaining under the Hughes contract will be paid in common stock per this agreement. The common stock will be issued pursuant to the agreement within 60 days of the date of the letter agreement. The Company will record a loss equal to the value of the discount in the period the common stock is issued. The Company has an agreement with Ericsson to develop, implement and maintain a ground interface, or core network system that will be installed at a number of the Company’s satellite gateway ground stations. The remaining amount due under the contract is $20.7 million. In September 2013, the Company entered into an agreement with Ericsson that deferred certain milestone payments previously due under the contract to 2014 and beyond. The deferred payments were incurring interest at a rate of 6.5% per annum. In April 2015, the Company signed a new letter agreement whereby Ericsson agreed to waive the remaining $1.0 million in deferred milestone payments and $.4 million in interest accrued on the milestone payments. In the first quarter of 2015, the Company reversed these amounts from accounts payable, accrued expenses and construction in progress on the Company's condensed consolidated balance sheet.

Contingencies	3 Months Ended
Contingencies	Mar. 31, 2015
CONTINGENCIES [Abstract]
Contingencies	CONTINGENCIES Arbitration On June 3, 2011, Globalstar filed a demand for arbitration against Thales before the American Arbitration Association to enforce certain rights to order additional satellites under the 2009 Contract. Globalstar did not include within its demand any claims that it had against Thales for work previously performed under the contract to design, manufacture and timely deliver the first 25 second-generation satellites. On May 10, 2012, the arbitration tribunal issued its award in which it determined that Globalstar materially breached the contract by failing to pay to Thales termination charges in the amount of €51.3 million by October 9, 2011, and that absent further agreement between the parties, Thales had no further obligation to manufacture or deliver satellites under Phase 3 of the 2009 Contract. The award required Globalstar to pay Thales approximately €53 million in termination charges and interest by June 9, 2012. On May 23, 2012, Thales commenced an action in the United States District Court for the Southern District of New York by filing a petition to confirm the arbitration award (the “New York Proceeding”). Thales and the Company entered into a tolling agreement as of June 13, 2013, under which Thales dismissed the New York Proceeding without prejudice. Thales may refile the petition at a later date and pursue the confirmation of the arbitration award, which Globalstar will oppose. Should Thales be successful in confirming the arbitration award, this would have a material adverse effect on the Company's financial condition, results of operations and liquidity. On June 24, 2012, the Company and Thales agreed to settle their prior commercial disputes, including those disputes that were the subject of the arbitration award. In order to effectuate this settlement, the Company and Thales entered into a Release Agreement, a Settlement Agreement and a Submission Agreement. Under the terms of the Release Agreement, Thales agreed unconditionally and irrevocably to release and forever discharge the Company from any and all claims and obligations (with the exception of those items payable under the Settlement Agreement or in connection with a new contract for the purchase of any additional second-generation satellites), including, without limitation, a full release from paying €35.6 million of the termination charges awarded in the arbitration together with all interest on the award amount effective upon the earlier of December 31, 2012, and the effective date of the financing for the purchase of any additional second-generation satellites. Under the terms of the Release Agreement, Globalstar agreed unconditionally and irrevocably to release and forever discharge Thales from any and all claims (with limited exceptions), including, without limitation, claims related to Thales’ work under the 2009 satellite construction contract, including any obligation to pay liquidated damages, effective upon the earlier of December 31, 2012, and the effective date of the financing for the purchase of any additional second-generation satellites. In connection with the Release Agreement and the Settlement Agreement, the Company recorded a contract termination charge of approximately €17.5 million which is recorded in the Company’s condensed consolidated balance sheet as of March 31, 2015. The releases became effective on December 31, 2012. Under the terms of the Settlement Agreement, the parties agreed, among other things, to stay the New York Proceeding, and Globalstar agreed to pay €17.5 million to Thales, representing one-third of the termination charges awarded to Thales in the arbitration, subject to certain conditions, on the later of the effective date of the new contract for the purchase of any additional second-generation satellites and the effective date of the financing for the purchase of these satellites. As of March 31, 2015, such condition had not yet been satisfied. Because the effective date of the new contract for the purchase of additional second-generation satellites did not occur on or prior to February 28, 2013, any party may terminate the Settlement Agreement. If any party terminates the Settlement Agreement, all parties’ rights and obligations under the Settlement Agreement (with limited exceptions related to tolling) shall terminate. The Release Agreement is a separate and independent agreement from the Settlement Agreement, and therefore it would survive any termination of the Settlement Agreement. As of March 31, 2015, no party had terminated the Settlement Agreement. Each of the Settlement Agreement and the Release Agreement provides that it supersedes all prior understandings, commitments and representations between the parties with respect to the subject matter thereof. Litigation Due to the nature of the Company's business, the Company is involved, from time to time, in various litigation matters or subject to disputes or routine claims regarding its business activities. Legal costs related to these matters are expensed as incurred. In management's opinion, there is no pending litigation, dispute or claim, other than those described in this report, that may have a material adverse effect on the Company's financial condition, results of operations or liquidity.

Related Party Transactions

3 Months Ended

Mar. 31, 2015

Related Party Transactions

RELATED PARTY TRANSACTIONS

Payables to Thermo and other affiliates relate to normal purchase transactions and were $0.4 million and $0.5 million at March 31, 2015 and December 31, 2014, respectively.

Transactions with Thermo

The following table summarizes expenses Thermo incurred on behalf of the Company (in thousands):



	Three Months Ended
	March 31,
	2015		2014
General and administrative expenses	$	164	$	30
Non-cash expenses	137		137
Total	$	301	$	167

General and administrative expenses are related to expenses incurred by Thermo on the Company’s behalf which are charged to the Company. Non-cash expenses are related to services provided by two executive officers of Thermo (who are also directors of the Company) who receive no cash compensation from the Company; these expenses are treated as a contribution to capital. The Thermo expenses are based on actual amounts (with no mark-up) incurred or upon allocated employee time.

Since June 2009, Thermo and its affiliates have also deposited $60.0 million into a contingent equity account to fulfill a condition precedent for borrowing under the Facility Agreement, purchased $20.0 million of the Company’s 5.0% Notes, purchased $11.4 million of the Company's 8.00% Notes Issued in 2009, provided a $2.3 million short-term loan to the Company (which was subsequently converted into nonvoting common stock), and loaned $37.5 million to the Company to fund the debt service reserve account, and funded $65 million in exchange for the Company's common stock in accordance with the Consent Agreement, the Common Stock Purchase Agreement, and the Common Stock Purchase and Option Agreement entered into in May 2013. See the sections The Consent Agreement, The Common Stock Purchase Agreement, and The Common Stock Purchase and Option Agreement in Note 3: Long-Term Debt and Other Financing Arrangements in the Consolidated Financial Statements in the 2014 Annual Report for a complete description of these agreements between the Company and Thermo.

During 2014, Thermo exercised warrants that were scheduled to expire in June 2014. The warrants that were exercised during 2014 included warrants for 4.2 million shares issued as partial consideration for the Amended and Restated Thermo Loan Agreement, resulting in the issuance of 4.2 million shares of Globalstar common stock; warrants for 11.3 million shares issued in connection with the annual availability fee for the Contingent Equity Agreement in 2009, resulting in the issuance of 11.3 million shares of Globalstar common stock; and 8.00% Warrants issued in 2009 to purchase 16.3 million shares of Globalstar common stock, resulting in the issuance of 14.7 million shares of Globalstar common stock. As of March 31, 2015, warrants to purchase approximately 30.2 million shares issued under the Contingent Equity Agreement and 8.0 million 5.0% Warrants remain outstanding, all of which are held by Thermo and are scheduled to expire between June 2016 and June 2017.

Thermo is required to maintain minimum and maximum ownership levels in the Company's common stock as defined in the Facility Agreement. As needed, Thermo may convert shares of nonvoting common stock into shares of voting common stock to ensure compliance with these ownership limitations. During 2014, Thermo converted 175 million shares of nonvoting common stock into shares of voting common stock to ensure compliance with these covenants.

See Note 3: Long-Term Debt and Other Financing Arrangements for further discussion of the Company's debt and financing transactions with Thermo.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2015

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) includes all changes in equity during a period from non-owner sources.

The components of accumulated other comprehensive income (loss) were as follows (in thousands):



	Three Months Ended March 31,
	2015			2014
Accumulated other comprehensive income (loss), beginning of period	$	(2,898	)	$	871
Other comprehensive income (loss) :
Foreign currency translation adjustments	(1,290		)	(1,235		)
Accumulated other comprehensive loss, end of period	$	(4,188	)	$	(364	)

No amounts were reclassified out of accumulated other comprehensive income (loss) for the periods shown above.

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Stock Compensation

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Compensation

STOCK COMPENSATION

The Company’s 2006 Equity Incentive Plan (“Equity Plan”) provides long-term incentives to the Company’s key employees, officers, directors, consultants and advisers (“Eligible Participants”) to align stockholder and employee interests. Under the Equity Plan, the Company may grant incentive stock options, restricted stock awards, restricted stock units, and other stock based awards or any combination thereof to Eligible Participants. The Compensation Committee of the Company’s board of directors (or its designee for non-executive officers and directors) establishes the terms and conditions of any awards granted under the plans.

For the three months ended March 31, 2015 and 2014, the Company recorded compensation expense related to its 2006 Equity Incentive Plan of $0.7 million and $0.5 million, respectively. These expenses are reflected in marketing, general and administrative expenses.

Grants to eligible participants of incentive stock options, restricted stock awards, and restricted stock units were as follows (in thousands of shares):



	Three Months Ended March 31,
	2015	2014
Grants of restricted stock awards and restricted stock units	29	29
Grants of options to purchase common stock	113	293
Total	142	322

Employee Stock Purchase Plan

For the three months ended March 31, 2015 and 2014, the Company recorded expense related to its Employee Stock Purchase Plan for the fair value of the grant of $0.1 million and $0.1 million, respectively, which is reflected in marketing, general and administrative expenses. Through March 31, 2015, the Company had issued 2,608,765 shares of common stock pursuant to this plan.

Geographic Information

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Geographic Information

GEOGRAPHIC INFORMATION

The Company attributes equipment revenue to various countries based on the location equipment is sold. Service revenue is attributed to the various countries based on where the service is processed. Long-lived assets consist primarily of property and equipment and are attributed to various countries based on the physical location of the asset at a given fiscal year-end, except for the satellites which are included in the long-lived assets of the United States. The Company’s information by geographic area is as follows (in thousands):



	Three Months Ended March 31,
	2015		2014
Revenues:
Service:
United States	$	11,715	$	10,880
Canada	3,433		3,233
Europe	1,202		1,351
Central and South America	614		663
Others	143		122
Total service revenue	$	17,107	$	16,249
Subscriber equipment:
United States	1,588		2,314
Canada	1,161		1,282
Europe	533		532
Central and South America	633		159
Others	—		—
Total subscriber equipment revenue	$	3,915	$	4,287
Total revenue	$	21,022	$	20,536



	March 31, 2015		December 31, 2014
Long-lived assets:
United States	$	1,096,027	$	1,108,675
Canada	326		357
Europe	357		413
Central and South America	3,092		3,309
Others	702		806
Total long-lived assets	$	1,100,504	$	1,113,560

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Supplemental Condensed Consolidating Financial Information

3 Months Ended

Mar. 31, 2015

SUPPLEMENTAL CONSOLIDATING FINANCIAL INFORMATION [Abstract]

Supplemental Condensed Consolidating Financial Information

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

In connection with the Company’s issuance of the 8.00% Notes issued in 2013, certain of the Company’s 100% owned domestic subsidiaries (the “Guarantor Subsidiaries”), fully, unconditionally, jointly, and severally guaranteed the payment obligations under the 8.00% Notes Issued in 2013. The following financial information sets forth, on a consolidating basis, the balance sheets, statements of operations and statements of cash flows for Globalstar, Inc. (“Parent Company”), for the Guarantor Subsidiaries and for the Parent Company’s other subsidiaries (the “Non-Guarantor Subsidiaries”).

The condensed consolidating financial information has been prepared pursuant to the rules and regulations for condensed financial information and does not include disclosures included in annual financial statements. The principal eliminating entries eliminate investments in subsidiaries, intercompany balances and intercompany revenues and expenses.

Globalstar, Inc.

Condensed Consolidating Statement of Operations

Three Months Ended March 31, 2015

(Unaudited)



	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues:
Service revenues	$	18,915		$	907		$	5,102		$	(7,817	)	$	17,107
Subscriber equipment sales	58			3,449			2,498			(2,090		)	3,915
Total revenue	18,973			4,356			7,600			(9,907		)	21,022
Operating expenses:
Cost of services (exclusive of depreciation, amortization, and accretion shown separately below)	3,020			3,040			3,099			(1,725		)	7,434
Cost of subscriber equipment sales	(18		)	3,306			2,446			(2,603		)	3,131
Marketing, general and administrative	1,947			3,722			2,927			—			8,596
Depreciation, amortization, and accretion	18,549			298			5,881			(5,682		)	19,046
Total operating expenses	23,498			10,366			14,353			(10,010		)	38,207
Loss from operations	(4,525		)	(6,010		)	(6,753		)	103			(17,185		)
Other income (expense):
Loss on extinguishment of debt	(65		)	—			—			—			(65		)
Interest income and expense, net of amounts capitalized	(8,336		)	(10		)	(171		)	—			(8,517		)
Derivative loss	(107,865		)	—			—			—			(107,865		)
Equity in subsidiary earnings	(10,663		)	4			—			10,659			—
Other	1,806			526			1,747			54			4,133
Total other income (expense)	(125,123		)	520			1,576			10,713			(112,314		)
Income (loss) before income taxes	(129,648		)	(5,490		)	(5,177		)	10,816			(129,499		)
Income tax expense	79			23			126			—			228
Net income (loss)	$	(129,727	)	$	(5,513	)	$	(5,303	)	$	10,816		$	(129,727	)
Comprehensive income (loss)	$	(129,727	)	$	(5,513	)	$	(6,593	)	$	10,816		$	(131,017	)

Globalstar, Inc.

Condensed Consolidating Statement of Operations

Three Months Ended March 31, 2014

(Unaudited)



	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues:
Service revenues	$	18,409		$	1,824		$	4,678		$	(8,662	)	$	16,249
Subscriber equipment sales	45			3,131			1,899			(788		)	4,287
Total revenue	18,454			4,955			6,577			(9,450		)	20,536
Operating expenses:
Cost of services (exclusive of depreciation, amortization, and accretion shown separately below)	2,637			2,063			2,295			(57		)	6,938
Cost of subscriber equipment sales	—			2,429			1,920			(1,277		)	3,072
Marketing, general and administrative	1,689			3,952			3,208			(1,080		)	7,769
Depreciation, amortization, and accretion	19,322			4,626			6,609			(7,225		)	23,332
Total operating expenses	23,648			13,070			14,032			(9,639		)	41,111
Loss from operations	(5,194		)	(8,115		)	(7,455		)	189			(20,575		)
Other income (expense):
Loss on extinguishment of debt	(10,195		)	—			—			—			(10,195		)
Interest income and expense, net of amounts capitalized	(10,824		)	(11		)	(86		)	—			(10,921		)
Derivative loss	(209,370		)	—			—			—			(209,370		)
Equity in subsidiary earnings	(14,929		)	(2,114		)	—			17,043			—
Other	25			(53		)	865			(124		)	713
Total other income (expense)	(245,293		)	(2,178		)	779			16,919			(229,773		)
Loss before income taxes	(250,487		)	(10,293		)	(6,676		)	17,108			(250,348		)
Income tax expense	54			8			131			—			193
Net (loss) income	$	(250,541	)	$	(10,301	)	$	(6,807	)	$	17,108		$	(250,541	)
Comprehensive (loss) income	$	(250,541	)	$	(10,301	)	$	(8,045	)	$	17,111		$	(251,776	)

Globalstar, Inc.

Condensed Consolidating Balance Sheet

As of March 31, 2015

(Unaudited)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	9,206		$	1,086		$	3,363		$	—		$	13,655
Accounts receivable	4,638			5,290			4,970			402			15,300
Intercompany receivables	781,109			446,687			33,638			(1,261,434		)	—
Inventory	2,014			7,324			4,246			—			13,584
Prepaid expenses and other current assets	2,785			307			4,191			—			7,283
Total current assets	799,752			460,694			50,408			(1,261,032		)	49,822
Property and equipment, net	1,092,982			3,045			5,210			(733		)	1,100,504
Restricted cash	37,918			—			—			—			37,918
Intercompany notes receivable	13,006			—			11,945			(24,951		)	—
Investment in subsidiaries	(266,658		)	(365,320		)	31,093			600,885			—
Deferred financing costs	60,989			—			—			—			60,989
Intangible and other assets, net	7,846			468			1,134			(12		)	9,436
Total assets	$	1,745,835		$	98,887		$	99,790		$	(685,843	)	$	1,258,669
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	6,450		$	—		$	—		$	—		$	6,450
Accounts payable	1,616			1,668			1,726			—			5,010
Accrued contract termination charge	19,023			—			—			—			19,023
Accrued expenses	11,633			6,924			8,148			—			26,705
Intercompany payables	530,407			572,697			163,862			(1,266,966		)	—
Payables to affiliates	376			—			—			—			376
Deferred revenue	2,448			15,821			3,212			—			21,481
Total current liabilities	571,953			597,110			176,948			(1,266,966		)	79,045
Long-term debt, less current portion	626,653			—			—			—			626,653
Employee benefit obligations	5,478			—			—			—			5,478
Intercompany notes payable	3,830			—			15,148			(18,978		)	—
Derivative liabilities	548,526			—			—			—			548,526
Deferred revenue	6,192			325			—			—			6,517
Debt restructuring fees	20,795			—			—			—			20,795
Other non-current liabilities	1,986			296			8,951			—			11,233
Total non-current liabilities	1,213,460			621			24,099			(18,978		)	1,219,202
Stockholders’ (deficit) equity	(39,578		)	(498,844		)	(101,257		)	600,101			(39,578		)
Total liabilities and stockholders’ equity	$	1,745,835		$	98,887		$	99,790		$	(685,843	)	$	1,258,669

Globalstar, Inc.

Condensed Consolidating Balance Sheet

As of December 31, 2014

(Unaudited)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	3,166		$	672		$	3,283		$	—		$	7,121
Accounts receivable	4,470			5,265			4,955			325			15,015
Intercompany receivables	755,482			441,525			23,967			(1,220,974		)	—
Inventory	2,018			8,424			4,292			—			14,734
Prepaid expenses and other current assets	3,465			303			4,176			—			7,944
Total current assets	768,601			456,189			40,673			(1,220,649		)	44,814
Property and equipment, net	1,105,670			3,002			5,776			(888		)	1,113,560
Restricted cash	37,918			—			—			—			37,918
Intercompany notes receivable	13,006			—			8,285			(21,291		)	—
Investment in subsidiaries	(265,249		)	4,734			30,552			229,963			—
Deferred financing costs	63,862			—			—			—			63,862
Intangible and other assets, net	6,707			541			1,031			(13		)	8,266
Total assets	$	1,730,515		$	464,466		$	86,317		$	(1,012,878	)	$	1,268,420
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	6,450		$	—		$	—		$	—		$	6,450
Accounts payable	3,310			1,755			1,857			—			6,922
Accrued contract termination charge	21,308			—			—			—			21,308
Accrued expenses	6,638			7,213			8,491			—			22,342
Intercompany payables	508,503			563,183			153,067			(1,224,753		)	—
Payables to affiliates	481			—			—			—			481
Derivative liabilities	—			—			—			—			—
Deferred revenue	3,185			15,378			3,177			—			21,740
Total current liabilities	549,875			587,529			166,592			(1,224,753		)	79,243
Long-term debt, less current portion	623,640			—			—			—			623,640
Employee benefit obligations	5,499			—			—			—			5,499
Intercompany notes payable	2,000			—			15,148			(17,148		)	—
Derivative liabilities	441,550			—			—			—			441,550
Deferred revenue	6,229			343			—			—			6,572
Debt restructuring fees	20,795			—			—			—			20,795
Other non-current liabilities	2,011			294			9,900			—			12,205
Total non-current liabilities	1,101,724			637			25,048			(17,148		)	1,110,261
Stockholders’ (deficit) equity	78,916			(123,700		)	(105,323		)	229,023			78,916
Total liabilities and stockholders’ equity	$	1,730,515		$	464,466		$	86,317		$	(1,012,878	)	$	1,268,420

Globalstar, Inc.

Condensed Consolidating Statement of Cash Flows

Three Months Ended March 31, 2015

(Unaudited)



	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Consolidated
	(In thousands)
Net cash provided by (used in) operating activities	$	1,401		$	673		$	447		$	—	$	2,521
Cash flows from investing activities:
Second-generation ground-related costs (including interest)	(4,018		)	—			—			—		(4,018		)
Property and equipment additions	(1,404		)	(259		)	(127		)	—		(1,790		)
Net cash used in investing activities	(5,422		)	(259		)	(127		)	—		(5,808		)
Cash flows provided by (used in) financing activities:
Proceeds from issuance of stock to Terrapin	10,000			—			—			—		10,000
Proceeds from issuance of common stock and exercise of warrants	61			—			—			—		61
Payment of deferred financing costs	—			—			—			—		—
Net cash provided by financing activities	10,061			—			—			—		10,061
Effect of exchange rate changes on cash and cash equivalents	—			—			(240		)	—		(240		)
Net increase (decrease) in cash and cash equivalents	6,040			414			80			—		6,534
Cash and cash equivalents at beginning of period	3,166			672			3,283			—		7,121
Cash and cash equivalents at end of period	$	9,206		$	1,086		$	3,363		$	—	$	13,655

Globalstar, Inc.

Condensed Consolidating Statement of Cash Flows

Three Months Ended March 31, 2014

(Unaudited)



	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Consolidated
	(In thousands)
Net cash provided by (used in) operating activities	$	4,765		$	(1	)	$	(965	)	$	—	$	3,799
Cash flows from investing activities:
Second-generation ground-related costs (including interest)	(1,366		)	—			—			—		(1,366		)
Property and equipment additions	(88		)	(136		)	(204		)	—		(428		)
Net cash from investing activities	(1,454		)	(136		)	(204		)	—		(1,794		)
Cash flows from financing activities:
Proceeds from issuance of common stock and stock options	310			—			—			—		310
Payment of deferred financing costs	(164		)	—			—			—		(164		)
Net cash used in financing activities	146			—			—			—		146
Effect of exchange rate changes on cash and cash equivalents	—			—			36			—		36
Net increase (decrease) in cash and cash equivalents	3,457			(137		)	(1,133		)	—		2,187
Cash and cash equivalents at beginning of period	12,935			676			3,797			—		17,408
Cash and cash equivalents at end of period	$	16,392		$	539		$	2,664		$	—	$	19,595

Basis of Presentation Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation Basis of Presentation (Policies)	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-02, Consolidation - Amendments to the Consolidation Analysis. ASU 2015-02 was issued in response to concerns that current GAAP might require a reporting entity to consolidate another legal entity in situations in which the reporting entity’s contractual rights do not give it the ability to act primarily on its own behalf, the reporting entity does not hold a majority of the legal entity’s voting rights, or the reporting entity is not exposed to a majority of the legal entity’s economic benefits or obligations. The amendments included in ASU 2015-02 are intended to improve targeted areas in the consolidation guidance, which includes legal entities such as limited partnerships and limited liability companies and the evaluation of fees paid to a decision maker. This ASU is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The Company is currently evaluating the impact this standard will have on its consolidated financial statements and related disclosures. The Company has not yet determined the effect of the standard on its ongoing reporting. In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest - Simplifying the Presentation of Debt Issue Costs. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the consolidated balance sheet as a reduction in the carrying amount of the related debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by this ASU. This ASU is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Upon adoption, if applicable, this ASU will be applied on a retrospective basis, wherein the consolidated balance sheet of each period presented will be adjusted to reflect the effects of applying the new guidance. The Company would be required to comply with the applicable disclosures for a change in an accounting principle, including the nature of and reason for the change in accounting principle, the transition method, a description of the prior-period information that has been retrospectively adjusted, and the effect of the change on the financial statement line items (that is, the previously reported debt issuance cost asset and the adjusted debt liability). The Company is currently evaluating the impact this standard will have on its consolidated financial statements and related disclosures. The Company has not yet determined the effect of the standard on its ongoing reporting.

Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consists of the following (in thousands):



	March 31, 2015			December 31, 2014
Globalstar System:
Space component
Second-generation satellites in service	$	1,211,904		$	1,211,904
Prepaid long-lead items	17,040			17,040
Second-generation satellite, on-ground spare	32,481			32,481
Ground component	46,646			47,595
Construction in progress:
Space component	58			30
Ground component	146,876			141,789
Other	3,216			2,458
Total Globalstar System	1,458,221			1,453,297
Internally developed and purchased software	15,039			15,392
Equipment	12,686			12,647
Land and buildings	3,371			3,590
Leasehold improvements	1,677			1,620
Total property and equipment	1,490,994			1,486,546
Accumulated depreciation	(390,490		)	(372,986		)
Total property and equipment, net	$	1,100,504		$	1,113,560

Capitalized Interest

The following tables summarize capitalized interest (in thousands):



	Three Months Ended March 31,
	2015			2014
Interest cost eligible to be capitalized	$	10,116		$	12,254
Interest cost recorded in interest expense, net	(7,925		)	(10,413		)
Net interest capitalized	$	2,191		$	1,841

Depreciation Expense

The following table summarizes depreciation expense (in thousands):



	Three Months Ended March 31,
	2015		2014
Depreciation expense	$	18,903	$	23,009

Long-Term Debt and Other Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of the following (in thousands):



	March 31, 2015				December 31, 2014
	Principal Amount		Carrying Value		Principal Amount		Carrying Value
Facility Agreement	$	582,296	$	582,296	$	582,296	$	582,296
Thermo Loan Agreement	70,219		35,656		68,154		32,971
8.00% Convertible Senior Notes Issued in 2013	22,561		15,151		22,799		14,823
Total Debt	675,076		633,103		673,249		630,090
Less: Current Portion	6,450		6,450		6,450		6,450
Long-Term Debt	$	668,626	$	626,653	$	666,799	$	623,640

Summary of Warrants Outstanding

Warrants are outstanding to purchase shares of common stock as shown in the table below:



	Outstanding Warrants		Strike Price
	March 31, 2015	December 31, 2014	March 31, 2015		December 31, 2014
Contingent Equity Agreement (1)	30,191,866	30,191,866	$	0.01	$	0.01
5.0% Warrants (2)	8,000,000	8,000,000	0.32		0.32
	38,191,866	38,191,866

(1)

(2)

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details

Derivatives (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of Derivative Instruments

The following tables disclose the fair values of the derivative instruments on the Company’s condensed consolidated balance sheets (in thousands):



	March 31, 2015			December 31, 2014

Intangible and other assets - Interest rate cap	$	24		$	46

Compound embedded derivative with 8.00% Notes Issued in 2013	$	(97,208	)	$	(79,040	)
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement	(451,318		)	(362,510		)
Total derivative liabilities	$	(548,526	)	$	(441,550	)

Schedule of Derivative Gains (Losses)

The following table discloses the changes in value recorded as derivative gain (loss) in the Company’s condensed consolidated statement of operations (in thousands):



	Three Months Ended
	March 31, 2015			March 31, 2014
Interest rate cap	$	(22	)	$	(48	)
Warrants issued with 8.00% Notes Issued in 2009	—			(35,797		)
Compound embedded derivative with 8.00% Notes Issued in 2009	—			(23,087		)
Compound embedded derivative with 8.00% Notes Issued in 2013	(19,035		)	(47,957		)
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement	(88,808		)	(102,481		)
Total derivative loss	$	(107,865	)	$	(209,370	)

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table provides a summary of the financial assets and liabilities measured at fair value on a recurring basis (in thousands):



	March 31, 2015
	(Level 1)		(Level 2)		(Level 3)			Total Balance
Assets:
Interest rate cap	$	—	$	24	$	—		$	24
Total assets measured at fair value	$	—	$	24	$	—		$	24

Liabilities:
Compound embedded derivative with 8.00% Notes Issued in 2013	$	—	$	—	$	(97,208	)	$	(97,208	)
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement	—		—		(451,318		)	(451,318		)
Total liabilities measured at fair value	$	—	$	—	$	(548,526	)	$	(548,526	)



	December 31, 2014
	(Level 1)		(Level 2)		(Level 3)			Total Balance
Assets:
Interest rate cap	$	—	$	46	$	—		$	46
Total assets measured at fair value	$	—	$	46	$	—		$	46

Liabilities:
Compound embedded derivative with 8.00% Notes Issued in 2013	$	—	$	—	$	(79,040	)	$	(79,040	)
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement	—		—		(362,510		)	(362,510		)
Total liabilities measured at fair value	$	—	$	—	$	(441,550	)	$	(441,550	)

Schedule of Significant Quantitative Level 3 Inputs Utilized

The significant quantitative Level 3 inputs utilized in the valuation models are shown in the tables below:



	March 31, 2015
	Stock Price Volatility	Risk-Free Interest Rate		Note Conversion Price		Market Price of Common Stock
Compound embedded derivative with 8.00% Notes Issued in 2013	70% - 95%	0.9	%	$	0.73	$	3.33
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement	50% - 100%	1.8	%	$	0.73	$	3.33



	December 31, 2014
	Stock Price Volatility	Risk-Free Interest Rate		Note Conversion Price		Market Price of Common Stock
Compound embedded derivative with 8.00% Notes Issued in 2013	70% - 100%	1.2	%	$	0.73	$	2.75
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement	50% - 100%	2.1	%	$	0.73	$	2.75

Rollforward of Liabilities Measured At Fair Value



Balance at December 31, 2014	$	(441,550	)
Derivative adjustment related to conversions and exercises	867
Unrealized loss, included in derivative gain (loss)	(107,843		)
Balance at March 31, 2015	$	(548,526	)

Accrued Expenses and Other Non-Current Liabilities (Tables)

3 Months Ended

Mar. 31, 2015

Payables and Accruals [Abstract]

Schedule of Accrued Expenses

Accrued expenses consist of the following (in thousands):



	March 31, 2015		December 31, 2014
Accrued interest	$	5,244	$	827
Accrued compensation and benefits	2,355		2,597
Accrued property and other taxes	6,142		6,727
Accrued customer liabilities and deposits	3,547		3,358
Accrued professional and other service provider fees	2,370		1,925
Accrued liability for contingent consideration	54		481
Accrued commissions	857		686
Accrued telecommunications expenses	1,392		1,135
Accrued second-generation constellation costs	1,901		1,531
Accrued inventory in transit	953		1,189
Other accrued expenses	1,890		1,886
Total accrued expenses	$	26,705	$	22,342

Schedule of Other Non-current Liabilities

Other non-current liabilities consist of the following (in thousands):



	March 31, 2015		December 31, 2014
Long-term accrued interest	$	254	$	131
Asset retirement obligation	1,213		1,184
Deferred rent and capital lease obligations	375		404
Liabilities related to the Cooperative Endeavor Agreement with the State of Louisiana	1,268		1,391
Uncertain income tax positions	5,658		6,061
Foreign tax contingencies	2,465		3,034
Total other non-current liabilities	$	11,233	$	12,205

Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2015

Related Party Transactions

The following table summarizes expenses Thermo incurred on behalf of the Company (in thousands):



	Three Months Ended
	March 31,
	2015		2014
General and administrative expenses	$	164	$	30
Non-cash expenses	137		137
Total	$	301	$	167

Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2015

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive income (loss) were as follows (in thousands):



	Three Months Ended March 31,
	2015			2014
Accumulated other comprehensive income (loss), beginning of period	$	(2,898	)	$	871
Other comprehensive income (loss) :
Foreign currency translation adjustments	(1,290		)	(1,235		)
Accumulated other comprehensive loss, end of period	$	(4,188	)	$	(364	)

Stock Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Grants to Eligible Participants of Incentive Stock Options, Restricted Stock Awards, and Restricted Stock Units

Grants to eligible participants of incentive stock options, restricted stock awards, and restricted stock units were as follows (in thousands of shares):



	Three Months Ended March 31,
	2015	2014
Grants of restricted stock awards and restricted stock units	29	29
Grants of options to purchase common stock	113	293
Total	142	322

Geographic Information (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Company's Information on Revenues and Long-lived Assets by Geographic Area

The Company’s information by geographic area is as follows (in thousands):



	Three Months Ended March 31,
	2015		2014
Revenues:
Service:
United States	$	11,715	$	10,880
Canada	3,433		3,233
Europe	1,202		1,351
Central and South America	614		663
Others	143		122
Total service revenue	$	17,107	$	16,249
Subscriber equipment:
United States	1,588		2,314
Canada	1,161		1,282
Europe	533		532
Central and South America	633		159
Others	—		—
Total subscriber equipment revenue	$	3,915	$	4,287
Total revenue	$	21,022	$	20,536



	March 31, 2015		December 31, 2014
Long-lived assets:
United States	$	1,096,027	$	1,108,675
Canada	326		357
Europe	357		413
Central and South America	3,092		3,309
Others	702		806
Total long-lived assets	$	1,100,504	$	1,113,560

Supplemental Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2015

SUPPLEMENTAL CONSOLIDATING FINANCIAL INFORMATION [Abstract]

Supplemental Condensed Consolidating Statement of Operations

Globalstar, Inc.

Condensed Consolidating Statement of Operations

Three Months Ended March 31, 2015

(Unaudited)



	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues:
Service revenues	$	18,915		$	907		$	5,102		$	(7,817	)	$	17,107
Subscriber equipment sales	58			3,449			2,498			(2,090		)	3,915
Total revenue	18,973			4,356			7,600			(9,907		)	21,022
Operating expenses:
Cost of services (exclusive of depreciation, amortization, and accretion shown separately below)	3,020			3,040			3,099			(1,725		)	7,434
Cost of subscriber equipment sales	(18		)	3,306			2,446			(2,603		)	3,131
Marketing, general and administrative	1,947			3,722			2,927			—			8,596
Depreciation, amortization, and accretion	18,549			298			5,881			(5,682		)	19,046
Total operating expenses	23,498			10,366			14,353			(10,010		)	38,207
Loss from operations	(4,525		)	(6,010		)	(6,753		)	103			(17,185		)
Other income (expense):
Loss on extinguishment of debt	(65		)	—			—			—			(65		)
Interest income and expense, net of amounts capitalized	(8,336		)	(10		)	(171		)	—			(8,517		)
Derivative loss	(107,865		)	—			—			—			(107,865		)
Equity in subsidiary earnings	(10,663		)	4			—			10,659			—
Other	1,806			526			1,747			54			4,133
Total other income (expense)	(125,123		)	520			1,576			10,713			(112,314		)
Income (loss) before income taxes	(129,648		)	(5,490		)	(5,177		)	10,816			(129,499		)
Income tax expense	79			23			126			—			228
Net income (loss)	$	(129,727	)	$	(5,513	)	$	(5,303	)	$	10,816		$	(129,727	)
Comprehensive income (loss)	$	(129,727	)	$	(5,513	)	$	(6,593	)	$	10,816		$	(131,017	)

Globalstar, Inc.

Condensed Consolidating Statement of Operations

Three Months Ended March 31, 2014

(Unaudited)



	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Revenues:
Service revenues	$	18,409		$	1,824		$	4,678		$	(8,662	)	$	16,249
Subscriber equipment sales	45			3,131			1,899			(788		)	4,287
Total revenue	18,454			4,955			6,577			(9,450		)	20,536
Operating expenses:
Cost of services (exclusive of depreciation, amortization, and accretion shown separately below)	2,637			2,063			2,295			(57		)	6,938
Cost of subscriber equipment sales	—			2,429			1,920			(1,277		)	3,072
Marketing, general and administrative	1,689			3,952			3,208			(1,080		)	7,769
Depreciation, amortization, and accretion	19,322			4,626			6,609			(7,225		)	23,332
Total operating expenses	23,648			13,070			14,032			(9,639		)	41,111
Loss from operations	(5,194		)	(8,115		)	(7,455		)	189			(20,575		)
Other income (expense):
Loss on extinguishment of debt	(10,195		)	—			—			—			(10,195		)
Interest income and expense, net of amounts capitalized	(10,824		)	(11		)	(86		)	—			(10,921		)
Derivative loss	(209,370		)	—			—			—			(209,370		)
Equity in subsidiary earnings	(14,929		)	(2,114		)	—			17,043			—
Other	25			(53		)	865			(124		)	713
Total other income (expense)	(245,293		)	(2,178		)	779			16,919			(229,773		)
Loss before income taxes	(250,487		)	(10,293		)	(6,676		)	17,108			(250,348		)
Income tax expense	54			8			131			—			193
Net (loss) income	$	(250,541	)	$	(10,301	)	$	(6,807	)	$	17,108		$	(250,541	)
Comprehensive (loss) income	$	(250,541	)	$	(10,301	)	$	(8,045	)	$	17,111		$	(251,776	)

Supplemental Condensed Consolidating Balance Sheet

Globalstar, Inc.

Condensed Consolidating Balance Sheet

As of March 31, 2015

(Unaudited)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	9,206		$	1,086		$	3,363		$	—		$	13,655
Accounts receivable	4,638			5,290			4,970			402			15,300
Intercompany receivables	781,109			446,687			33,638			(1,261,434		)	—
Inventory	2,014			7,324			4,246			—			13,584
Prepaid expenses and other current assets	2,785			307			4,191			—			7,283
Total current assets	799,752			460,694			50,408			(1,261,032		)	49,822
Property and equipment, net	1,092,982			3,045			5,210			(733		)	1,100,504
Restricted cash	37,918			—			—			—			37,918
Intercompany notes receivable	13,006			—			11,945			(24,951		)	—
Investment in subsidiaries	(266,658		)	(365,320		)	31,093			600,885			—
Deferred financing costs	60,989			—			—			—			60,989
Intangible and other assets, net	7,846			468			1,134			(12		)	9,436
Total assets	$	1,745,835		$	98,887		$	99,790		$	(685,843	)	$	1,258,669
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	6,450		$	—		$	—		$	—		$	6,450
Accounts payable	1,616			1,668			1,726			—			5,010
Accrued contract termination charge	19,023			—			—			—			19,023
Accrued expenses	11,633			6,924			8,148			—			26,705
Intercompany payables	530,407			572,697			163,862			(1,266,966		)	—
Payables to affiliates	376			—			—			—			376
Deferred revenue	2,448			15,821			3,212			—			21,481
Total current liabilities	571,953			597,110			176,948			(1,266,966		)	79,045
Long-term debt, less current portion	626,653			—			—			—			626,653
Employee benefit obligations	5,478			—			—			—			5,478
Intercompany notes payable	3,830			—			15,148			(18,978		)	—
Derivative liabilities	548,526			—			—			—			548,526
Deferred revenue	6,192			325			—			—			6,517
Debt restructuring fees	20,795			—			—			—			20,795
Other non-current liabilities	1,986			296			8,951			—			11,233
Total non-current liabilities	1,213,460			621			24,099			(18,978		)	1,219,202
Stockholders’ (deficit) equity	(39,578		)	(498,844		)	(101,257		)	600,101			(39,578		)
Total liabilities and stockholders’ equity	$	1,745,835		$	98,887		$	99,790		$	(685,843	)	$	1,258,669

Globalstar, Inc.

Condensed Consolidating Balance Sheet

As of December 31, 2014

(Unaudited)



	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	3,166		$	672		$	3,283		$	—		$	7,121
Accounts receivable	4,470			5,265			4,955			325			15,015
Intercompany receivables	755,482			441,525			23,967			(1,220,974		)	—
Inventory	2,018			8,424			4,292			—			14,734
Prepaid expenses and other current assets	3,465			303			4,176			—			7,944
Total current assets	768,601			456,189			40,673			(1,220,649		)	44,814
Property and equipment, net	1,105,670			3,002			5,776			(888		)	1,113,560
Restricted cash	37,918			—			—			—			37,918
Intercompany notes receivable	13,006			—			8,285			(21,291		)	—
Investment in subsidiaries	(265,249		)	4,734			30,552			229,963			—
Deferred financing costs	63,862			—			—			—			63,862
Intangible and other assets, net	6,707			541			1,031			(13		)	8,266
Total assets	$	1,730,515		$	464,466		$	86,317		$	(1,012,878	)	$	1,268,420
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	6,450		$	—		$	—		$	—		$	6,450
Accounts payable	3,310			1,755			1,857			—			6,922
Accrued contract termination charge	21,308			—			—			—			21,308
Accrued expenses	6,638			7,213			8,491			—			22,342
Intercompany payables	508,503			563,183			153,067			(1,224,753		)	—
Payables to affiliates	481			—			—			—			481
Derivative liabilities	—			—			—			—			—
Deferred revenue	3,185			15,378			3,177			—			21,740
Total current liabilities	549,875			587,529			166,592			(1,224,753		)	79,243
Long-term debt, less current portion	623,640			—			—			—			623,640
Employee benefit obligations	5,499			—			—			—			5,499
Intercompany notes payable	2,000			—			15,148			(17,148		)	—
Derivative liabilities	441,550			—			—			—			441,550
Deferred revenue	6,229			343			—			—			6,572
Debt restructuring fees	20,795			—			—			—			20,795
Other non-current liabilities	2,011			294			9,900			—			12,205
Total non-current liabilities	1,101,724			637			25,048			(17,148		)	1,110,261
Stockholders’ (deficit) equity	78,916			(123,700		)	(105,323		)	229,023			78,916
Total liabilities and stockholders’ equity	$	1,730,515		$	464,466		$	86,317		$	(1,012,878	)	$	1,268,420

Supplemental Condensed Consolidating Statement of Cash Flows

Globalstar, Inc.

Condensed Consolidating Statement of Cash Flows

Three Months Ended March 31, 2015

(Unaudited)



	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Consolidated
	(In thousands)
Net cash provided by (used in) operating activities	$	1,401		$	673		$	447		$	—	$	2,521
Cash flows from investing activities:
Second-generation ground-related costs (including interest)	(4,018		)	—			—			—		(4,018		)
Property and equipment additions	(1,404		)	(259		)	(127		)	—		(1,790		)
Net cash used in investing activities	(5,422		)	(259		)	(127		)	—		(5,808		)
Cash flows provided by (used in) financing activities:
Proceeds from issuance of stock to Terrapin	10,000			—			—			—		10,000
Proceeds from issuance of common stock and exercise of warrants	61			—			—			—		61
Payment of deferred financing costs	—			—			—			—		—
Net cash provided by financing activities	10,061			—			—			—		10,061
Effect of exchange rate changes on cash and cash equivalents	—			—			(240		)	—		(240		)
Net increase (decrease) in cash and cash equivalents	6,040			414			80			—		6,534
Cash and cash equivalents at beginning of period	3,166			672			3,283			—		7,121
Cash and cash equivalents at end of period	$	9,206		$	1,086		$	3,363		$	—	$	13,655

Globalstar, Inc.

Condensed Consolidating Statement of Cash Flows

Three Months Ended March 31, 2014

(Unaudited)



	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Consolidated
	(In thousands)
Net cash provided by (used in) operating activities	$	4,765		$	(1	)	$	(965	)	$	—	$	3,799
Cash flows from investing activities:
Second-generation ground-related costs (including interest)	(1,366		)	—			—			—		(1,366		)
Property and equipment additions	(88		)	(136		)	(204		)	—		(428		)
Net cash from investing activities	(1,454		)	(136		)	(204		)	—		(1,794		)
Cash flows from financing activities:
Proceeds from issuance of common stock and stock options	310			—			—			—		310
Payment of deferred financing costs	(164		)	—			—			—		(164		)
Net cash used in financing activities	146			—			—			—		146
Effect of exchange rate changes on cash and cash equivalents	—			—			36			—		36
Net increase (decrease) in cash and cash equivalents	3,457			(137		)	(1,133		)	—		2,187
Cash and cash equivalents at beginning of period	12,935			676			3,797			—		17,408
Cash and cash equivalents at end of period	$	16,392		$	539		$	2,664		$	—	$	19,595

Schedule of Property and Equipment (Details) $ in Thousands, € in Millions	1 Months Ended
	Jun. 30, 2009 EUR (€)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 1,490,994	$ 1,486,546
Accumulated depreciation and amortization		(390,490)	(372,986)
Property, Plant and Equipment, Net, Total		1,100,504	1,113,560
Payments to acquire machinery and equipment \| €	€ 12.0
Payments for construction in process \| €	€ 3.1
Internally developed and purchased software
Property, Plant and Equipment [Line Items]
Property and equipment, gross		15,039	15,392
Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross		12,686	12,647
Land and buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross		3,371	3,590
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross		1,677	1,620
Global Star System
Property, Plant and Equipment [Line Items]
Property and equipment, gross		1,458,221	1,453,297
Global Star System \| Space component
Property, Plant and Equipment [Line Items]
Property and equipment, gross		46,646	47,595
Global Star System \| Second-generation satellites in service \| Space component
Property, Plant and Equipment [Line Items]
Property and equipment, gross		1,211,904	1,211,904
Global Star System \| Prepaid long-lead items \| Space component
Property, Plant and Equipment [Line Items]
Property and equipment, gross		17,040	17,040
Global Star System \| Second-generation satellite, on-ground spare \| Space component
Property, Plant and Equipment [Line Items]
Property and equipment, gross		32,481	32,481
Global Star System \| Construction in progress \| Space component
Property, Plant and Equipment [Line Items]
Property and equipment, gross		58	30
Global Star System \| Construction in progress \| Ground component
Property, Plant and Equipment [Line Items]
Property and equipment, gross		146,876	141,789
Global Star System \| Construction in progress \| Other
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 3,216	$ 2,458

Capitalized Interest and Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Interest Costs Incurred [Abstract]
Interest cost eligible to be capitalized	$ 10,116	$ 12,254
Interest cost recorded in interest expense, net	(7,925)	(10,413)
Net interest capitalized	2,191	1,841
Depreciation expense	$ 18,903	$ 23,009

Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Principal Amount
Total Debt	$ 675,076	$ 673,249
Less: Current Portion	6,450	6,450
Long-Term Debt	668,626	666,799
Carrying Value
Total Debt	633,103	630,090
Less: Current Portion	6,450	6,450
Long-Term Debt	626,653	623,640
Facility Agreement
Principal Amount
Total Debt	582,296	582,296
Carrying Value
Total Debt	582,296	582,296
Thermo Loan Agreement
Principal Amount
Total Debt	70,219	68,154
Carrying Value
Total Debt	35,656	32,971
8.00% Convertible Senior Notes Issued in 2013
Principal Amount
Total Debt	22,561	22,799
Carrying Value
Total Debt	$ 15,151	$ 14,823

Facility Agreement (Details) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
Facility Agreement (Details) - USD ($)	Feb. 28, 2015	Mar. 31, 2015	Dec. 31, 2014
Terrapin
Debt Instrument [Line Items]
Proceeds from lines of credit	$ 10,000,000
Facility Agreement
Debt Instrument [Line Items]
Interest above LIBOR rate		2.75%
Percentage of guarantee provided by French export credit agency to lending syndicate		95.00%
Debt instrument, covenant, equity cure contribution, minimum amount			$ 10,000,000
Debt service reserve account		$ 37,900,000
Facility Agreement \| Domestic Subsidiaries
Debt Instrument [Line Items]
Percentage of equity pledged as collateral		100.00%
Facility Agreement \| Foreign Subsidiaries
Debt Instrument [Line Items]
Percentage of equity pledged as collateral		65.00%
Minimum \| Facility Agreement
Debt Instrument [Line Items]
Interest rate increase		0.50%
Maximum \| Facility Agreement
Debt Instrument [Line Items]
Interest rate increase		5.75%

Thermo Loan Agreement (Details) - Thermo Loan Agreement - Thermo $ in Millions	3 Months Ended
	Mar. 31, 2015 USD ($)
Debt Instrument [Line Items]
Loan interest rate	12.00%
Maturity period after full payment of Facility Agreement	6 months
Outstanding interest	$ 32.7

8.00% Convertible Senior Notes Issued in 2013 (Details)		1 Months Ended	3 Months Ended
8.00% Convertible Senior Notes Issued in 2013 (Details)	May 20, 2013 USD ($) shares $ / shares	Apr. 30, 2015 USD ($) shares	Mar. 31, 2015 USD ($) $ / shares shares	Mar. 31, 2014 USD ($)
Debt Instrument [Line Items]
Principal converted			$ 237,000	$ 15,856,000
Loss on extinguishment of debt			$ 65,000	10,195,000
8.00% Convertible Senior Notes Issued in 2013
Debt Instrument [Line Items]
Loan interest rate	8.00%
Conversion price per share of common stock (USD per share) \| $ / shares	$ 0.80		$ 0.73
Number of shares of common stock convertible into (shares) \| shares	1,250
Principal converted	$ 1,000		$ 200,000
Interest rate, payable in cash			5.75%
Interest rate, payable in additional notes			2.25%
Loss on extinguishment of debt			$ 100,000	$ 10,500,000
Conversion of notes into shares of common stock \| shares			60,700,000
Debt conversion amount			$ 33,100,000
8.00% Convertible Senior Notes Issued in 2013 \| Subsequent Event
Debt Instrument [Line Items]
Principal converted		$ 6,300,000
Conversion of notes into shares of common stock \| shares		500,000

Warrants Outstanding (Details) - $ / shares	3 Months Ended	12 Months Ended
Warrants Outstanding (Details) - $ / shares	Mar. 31, 2015	Dec. 31, 2013	Dec. 31, 2014	Jun. 30, 2011
Class of Warrant or Right [Line Items]
Warrants outstanding (warrants)	38,191,866		38,191,866
Expiration period	5 years
Number of warrants exercised (in warrants)			11,300,000
Thermo
Class of Warrant or Right [Line Items]
Number of warrants exercised (in warrants)	11,300,000
Contingent Equity Agreement
Class of Warrant or Right [Line Items]
Warrants outstanding (warrants)	30,191,866		30,191,866
Exercise price of warrants (USD per warrant)	$ 0.01		$ 0.01
Number of warrants exercised (in warrants)			11,300,000
5.00% Convertible Senior Unsecured Notes
Class of Warrant or Right [Line Items]
Warrants outstanding (warrants)	8,000,000		8,000,000
Exercise price of warrants (USD per warrant)	$ 0.32		$ 0.32
Expiration period	5 years
Number of warrants exercised (in warrants)		7,200,000
Loan interest rate	5.00%
Number of warrants exercised (in warrants)				15,200,000

Terrapin Opportunity, L.P. Common Stock Purchase Agreement (Details)		1 Months Ended	3 Months Ended		6 Months Ended	12 Months Ended
	Dec. 28, 2012 USD ($)	Feb. 28, 2015 USD ($) $ / shares shares	Mar. 31, 2015 USD ($) draw_down_notice	Mar. 31, 2014 USD ($)	Jun. 30, 2014 USD ($) shares	Dec. 31, 2014 USD ($)
Debt Instrument [Line Items]
Maximum value of shares required to be purchased per terms of stock purchase agreement	$ 30,000,000.0		$ 14,000,000.0
Stock Purchase Agreement Term	24 months
Number of draw down notices (in notices) \| draw_down_notice			36
Draw down period			10 days
Minimum discount percentage per each share sold under the stock sold agreement	3.50%
Maximum discount percentage per each share sold under the stock purchase agreement	8.00%
Maximum beneficial ownership percentage allowed per terms of stock purchase agreement	9.90%
Proceeds from issuance of stock to Terrapin			$ 10,000,000	$ 0		$ 65,000,000
Terrapin
Debt Instrument [Line Items]
Number of shares issued (in shares) \| shares		4,500,000			10,600,000.0
Proceeds from issuance of stock to Terrapin					$ 16,000,000.0
Proceeds from lines of credit		$ 10,000,000
Shares issued, price per share (USD per share) \| $ / shares		$ 2.22

Schedule of Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Derivative liabilities:
Derivative liabilities, non-current	$ (548,526)	$ (441,550)
Total derivative liabilities	(548,526)	(441,550)
Interest rate cap
Derivative assets:
Intangible and other assets	24	46
Compound embedded derivative with 8.00% Notes Issued in 2013
Derivative liabilities:
Derivative liabilities, non-current	(97,208)	(79,040)
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement
Derivative liabilities:
Derivative liabilities, non-current	$ (451,318)	$ (362,510)

Schedule of Derivative Gain (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Derivative loss	$ (107,865)	$ (209,370)
Interest rate cap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative loss	(22)	(48)
Warrants issued with 8.00% Notes Issued in 2009
Derivative Instruments, Gain (Loss) [Line Items]
Derivative loss	0	(35,797)
Compound embedded derivative with 8.00% Notes Issued in 2009
Derivative Instruments, Gain (Loss) [Line Items]
Derivative loss	0	(23,087)
Compound embedded derivative with 8.00% Notes Issued in 2013
Derivative Instruments, Gain (Loss) [Line Items]
Derivative loss	(19,035)	(47,957)
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement
Derivative Instruments, Gain (Loss) [Line Items]
Derivative loss	$ (88,808)	$ (102,481)

Derivatives (Details) $ in Millions	1 Months Ended
Derivatives (Details) $ in Millions	Jun. 30, 2009 USD ($) contracts	May 20, 2013
8.00% Convertible Senior Notes Issued in 2013
Derivative [Line Items]
Loan interest rate		8.00%
8.00% Convertible Senior Unsecured Notes Issued in 2009
Derivative [Line Items]
Loan interest rate	8.00%
Interest rate cap
Derivative [Line Items]
Number of Interest rate cap agreements (in contracts) \| contracts	5
Maturity period	10 years
Interest rate cap \| Maximum
Derivative [Line Items]
Interest cap rate notional amount	$ 586.3
Interest rate cap \| Minimum
Derivative [Line Items]
Interest cap rate notional amount	$ 14.8
Interest rate cap \| Six-month LIBOR Rate
Derivative [Line Items]
Base rate to be capped, should the Base Rate not exceed 6.50%	5.50%
Interest on outstanding amounts on the Facility Agreement	6.50%
Base rate to be lowered from LIBOR, should the base rate exceed 6.50%	1.00%
Fee for interest rate cap agreements	$ 12.4

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative liabilities, current and non-current	$ (548,526)	$ (441,550)
Interest rate cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate cap	24	46
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	24	46
Total liabilities measured at fair value	(548,526)	(441,550)
Fair Value, Measurements, Recurring \| Interest rate cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate cap	24	46
Fair Value, Measurements, Recurring \| Compound embedded derivative with 8.00% Notes Issued in 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative liabilities, current and non-current	(97,208)	(79,040)
Fair Value, Measurements, Recurring \| Compound embedded derivative with the Amended and Restated Thermo Loan Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative liabilities, current and non-current	(451,318)	(362,510)
Fair Value, Measurements, Recurring \| (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	0	0
Total liabilities measured at fair value	0	0
Fair Value, Measurements, Recurring \| (Level 1) \| Interest rate cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate cap	0	0
Fair Value, Measurements, Recurring \| (Level 1) \| Compound embedded derivative with 8.00% Notes Issued in 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative liabilities, current and non-current	0	0
Fair Value, Measurements, Recurring \| (Level 1) \| Compound embedded derivative with the Amended and Restated Thermo Loan Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative liabilities, current and non-current	0	0
Fair Value, Measurements, Recurring \| (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	24	46
Total liabilities measured at fair value	0	0
Fair Value, Measurements, Recurring \| (Level 2) \| Interest rate cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate cap	24	46
Fair Value, Measurements, Recurring \| (Level 2) \| Compound embedded derivative with 8.00% Notes Issued in 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative liabilities, current and non-current	0	0
Fair Value, Measurements, Recurring \| (Level 2) \| Compound embedded derivative with the Amended and Restated Thermo Loan Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative liabilities, current and non-current	0	0
Fair Value, Measurements, Recurring \| (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value	(548,526)	(441,550)
Fair Value, Measurements, Recurring \| (Level 3) \| Interest rate cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate cap	0	0
Fair Value, Measurements, Recurring \| (Level 3) \| Compound embedded derivative with 8.00% Notes Issued in 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative liabilities, current and non-current	(97,208)	(79,040)
Fair Value, Measurements, Recurring \| (Level 3) \| Compound embedded derivative with the Amended and Restated Thermo Loan Agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative liabilities, current and non-current	$ (451,318)	$ (362,510)

Schedule of Significant Quantitative Level 3 Inputs Utilized (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Compound embedded derivative with 8.00% Notes Issued in 2013
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Risk-Free Interest Rate	0.90%	1.20%
Note Conversion Price/Warrant Exercise Price (USD per share)	$ 0.73	$ 0.73
Market Price of Common Stock	$ 3.33	$ 2.75
Compound embedded derivative with 8.00% Notes Issued in 2013 \| Minimum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Stock Price Volatility	70.00%	70.00%
Compound embedded derivative with 8.00% Notes Issued in 2013 \| Maximum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Stock Price Volatility	95.00%	100.00%
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Risk-Free Interest Rate	1.80%	2.10%
Note Conversion Price/Warrant Exercise Price (USD per share)	$ 0.73	$ 0.73
Market Price of Common Stock	$ 3.33	$ 2.75
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement \| Minimum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Stock Price Volatility	50.00%	50.00%
Compound embedded derivative with the Amended and Restated Thermo Loan Agreement \| Maximum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Stock Price Volatility	100.00%	100.00%

Fair Value Measurements (Additional Information) (Details)	3 Months Ended
	Mar. 31, 2015	May 20, 2013
Fair Value Measurements [Line Items]
Stock issuance settlement period	40 days
8.00% Convertible Senior Notes Issued in 2013
Fair Value Measurements [Line Items]
Loan interest rate		8.00%

Fair Value Measurements Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2015 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance at December 31, 2014	$ (441,550)
Unrealized loss, included in derivative gain (loss)	(107,843)
Balance at March 31, 2015	(548,526)
Derivative Financial Instruments, Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative adjustment related to conversions and exercises	$ 867

Accrued Expenses and Other Non-Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Accrued expenses:
Accrued interest	$ 5,244	$ 827
Accrued compensation and benefits	2,355	2,597
Accrued property and other taxes	6,142	6,727
Accrued customer liabilities and deposits	3,547	3,358
Accrued professional and other service provider fees	2,370	1,925
Accrued liability for contingent consideration	54	481
Accrued commissions	857	686
Accrued telecommunications expenses	1,392	1,135
Accrued second-generation constellation costs	1,901	1,531
Accrued inventory in transit	953	1,189
Other accrued expenses	1,890	1,886
Total accrued expenses	26,705	22,342
Non-current liabilities:
Long-term accrued interest	254	131
Asset retirement obligation	1,213	1,184
Deferred rent and capital lease obligations	375	404
Liabilities related to the Cooperative Endeavor Agreement with the State of Louisiana	1,268	1,391
Uncertain income tax positions	5,658	6,061
Foreign tax contingencies	2,465	3,034
Total other non-current liabilities	$ 11,233	$ 12,205

Commitments (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
Commitments (Details) - USD ($) $ in Millions	Apr. 30, 2015	Mar. 31, 2015
Hughes Network Systems LLC
Commitments [Line Items]
Contractual obligation		$ 1.9
Contract amount		16.3
Hughes Network Systems LLC \| Subsequent Event
Commitments [Line Items]
Increase in contract amount	$ 4.0
Percentage discount when paid In stock	7.00%
Payments made in convertible notes and common stock	$ 15.5
Ericsson Inc.
Commitments [Line Items]
Contract amount		$ 20.7
Interest accrued rate		6.50%
Ericsson Inc. \| Subsequent Event
Commitments [Line Items]
Contract amount	1.0
Accounts payable, interest-bearing, current	$ 0.4

Contingencies (Details) € in Millions				3 Months Ended	12 Months Ended
Contingencies (Details) € in Millions	Jun. 24, 2012 EUR (€)	May 10, 2012 EUR (€)	Jun. 03, 2011 satellite	Mar. 31, 2015 EUR (€)	Dec. 31, 2014 EUR (€)
Loss Contingencies [Line Items]
Number of satellites \| satellite			25
Thales Alenia Space
Loss Contingencies [Line Items]
Contract termination, damages awarded		€ 51.3
Contract termination charge		€ 53.0		€ 17.5
Gain on release of liability	€ 35.6
Settlement amount					€ 17.5

Related Party Transactions (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2011	Jun. 30, 2009
Related Party Transaction [Line Items]
Payables to Thermo and other affiliates	$ 400		$ 500
Proceeds from issuance of stock to Terrapin	$ 10,000	$ 0	$ 65,000
Number of warrants exercised (in warrants)			11,300,000
Warrants outstanding (warrants)	38,191,866		38,191,866
Nonvoting Common Stock
Related Party Transaction [Line Items]
Number of shares of non-voting common stock converted (shares)			175,000,000
5.00% Convertible Senior Unsecured Notes
Related Party Transaction [Line Items]
Loan interest rate	5.00%
Number of warrants exercised (in warrants)					15,200,000
Number of shares issued (in shares)				7,200,000
Warrants outstanding (warrants)	8,000,000		8,000,000
8.00% Convertible Senior Unsecured Notes Issued in 2009
Related Party Transaction [Line Items]
Loan interest rate						8.00%
Number of warrants exercised (in warrants)			16,300,000
Number of shares issued (in shares)			14,700,000
Contingent Equity Agreement
Related Party Transaction [Line Items]
Number of warrants exercised (in warrants)			11,300,000
Warrants outstanding (warrants)	30,191,866		30,191,866
Thermo Capital Partners LLC
Related Party Transaction [Line Items]
Deposit to contingent equity account	$ 60,000
Short-term loan converted into nonvoting common stock	2,300
Maximum borrowing capacity	$ 37,500
Number of shares issued (in shares)	11,300,000
Thermo Capital Partners LLC \| 5.00% Convertible Senior Unsecured Notes
Related Party Transaction [Line Items]
Notes purchased by related party	$ 20,000
Thermo Capital Partners LLC \| 8.00% Convertible Senior Unsecured Notes Issued in 2009
Related Party Transaction [Line Items]
Notes purchased by related party	$ 11,400
Thermo Capital Partners LLC \| Thermo Loan Agreement
Related Party Transaction [Line Items]
Loan interest rate	12.00%
Number of warrants exercised (in warrants)			4,200,000.0
Number of shares issued (in shares)			4,200,000

Expense Incurred on Behalf of Company (Details) - Thermo Capital Partners LLC - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Related Party Transaction [Line Items]
General and administrative expenses	$ 164	$ 30
Non-cash expenses	137	137
Total	$ 301	$ 167

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated other comprehensive income (loss), beginning of period	$ (2,898)	$ 871
Other comprehensive loss:
Foreign currency translation	(1,290)	(1,235)
Accumulated other comprehensive loss, end of period	$ (4,188)	$ (364)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Stock Compensation Stock Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation expense	$ 0.7	$ 0.5

Grants to Eligible Participants of Incentive Stock Options, Restricted Stock Awards and Restricted Stock Units (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Grants of restricted stock awards and restricted stock units (in shares)	29	29
Grants of options to purchase common stock (in shares)	113	293
Total (in shares)	142	322

Stock Based Compensation (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Stock-based compensation expense	$ 0.7	$ 0.5
Employee Stock Purchase Plan
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Stock-based compensation expense	$ 0.1	$ 0.1
Company issued shares related to this stock purchase plan	2,608,765

Information by Geographic Area Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting Information [Line Items]
Service revenues	$ 17,107	$ 16,249
Subscriber equipment revenues	3,915	4,287
Total revenue	21,022	20,536
United States
Segment Reporting Information [Line Items]
Service revenues	11,715	10,880
Subscriber equipment revenues	1,588	2,314
Canada
Segment Reporting Information [Line Items]
Service revenues	3,433	3,233
Subscriber equipment revenues	1,161	1,282
Europe
Segment Reporting Information [Line Items]
Service revenues	1,202	1,351
Subscriber equipment revenues	533	532
Central and South America
Segment Reporting Information [Line Items]
Service revenues	614	663
Subscriber equipment revenues	633	159
Others
Segment Reporting Information [Line Items]
Service revenues	143	122
Subscriber equipment revenues	$ 0	$ 0

Information by Geographic Area, Long-Lived Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014
Segment Reporting, Asset Reconciling Item [Line Items]
Property and equipment, net	$ 1,100,504	$ 1,113,560
United States
Segment Reporting, Asset Reconciling Item [Line Items]
Property and equipment, net	1,096,027	1,108,675
Canada
Segment Reporting, Asset Reconciling Item [Line Items]
Property and equipment, net	326	357
Europe
Segment Reporting, Asset Reconciling Item [Line Items]
Property and equipment, net	357	413
Central and South America
Segment Reporting, Asset Reconciling Item [Line Items]
Property and equipment, net	3,092	3,309
Others
Segment Reporting, Asset Reconciling Item [Line Items]
Property and equipment, net	$ 702	$ 806

Supplemental Condensed Consolidating Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenue:
Service revenues	$ 17,107	$ 16,249
Subscriber equipment sales	3,915	4,287
Total revenue	21,022	20,536
Operating expenses:
Cost of services (exclusive of depreciation, amortization and accretion shown separately below)	7,434	6,938
Cost of subscriber equipment sales	3,131	3,072
Marketing, general and administrative	8,596	7,769
Depreciation, amortization and accretion	19,046	23,332
Total operating expenses	38,207	41,111
Loss from operations	(17,185)	(20,575)
Other income (expense):
Loss on extinguishment of debt	(65)	(10,195)
Interest income and expense, net of amounts capitalized	(8,517)	(10,921)
Derivative loss	(107,865)	(209,370)
Equity in subsidiary earnings	0	0
Other	4,133	713
Total other income (expense)	(112,314)	(229,773)
Loss before income taxes	(129,499)	(250,348)
Income tax expense	228	193
Net loss	(129,727)	(250,541)
Comprehensive (loss) income	(131,017)	(251,776)
Reportable Legal Entities \| Parent Company
Revenue:
Service revenues	18,915	18,409
Subscriber equipment sales	58	45
Total revenue	18,973	18,454
Operating expenses:
Cost of services (exclusive of depreciation, amortization and accretion shown separately below)	3,020	2,637
Cost of subscriber equipment sales	(18)	0
Marketing, general and administrative	1,947	1,689
Depreciation, amortization and accretion	18,549	19,322
Total operating expenses	23,498	23,648
Loss from operations	(4,525)	(5,194)
Other income (expense):
Loss on extinguishment of debt	(65)	(10,195)
Interest income and expense, net of amounts capitalized	(8,336)	(10,824)
Derivative loss	(107,865)	(209,370)
Equity in subsidiary earnings	(10,663)	(14,929)
Other	1,806	25
Total other income (expense)	(125,123)	(245,293)
Loss before income taxes	(129,648)	(250,487)
Income tax expense	79	54
Net loss	(129,727)	(250,541)
Comprehensive (loss) income	(129,727)	(250,541)
Reportable Legal Entities \| Guarantor Subsidiaries
Revenue:
Service revenues	907	1,824
Subscriber equipment sales	3,449	3,131
Total revenue	4,356	4,955
Operating expenses:
Cost of services (exclusive of depreciation, amortization and accretion shown separately below)	3,040	2,063
Cost of subscriber equipment sales	3,306	2,429
Marketing, general and administrative	3,722	3,952
Depreciation, amortization and accretion	298	4,626
Total operating expenses	10,366	13,070
Loss from operations	(6,010)	(8,115)
Other income (expense):
Loss on extinguishment of debt	0	0
Interest income and expense, net of amounts capitalized	(10)	(11)
Derivative loss	0	0
Equity in subsidiary earnings	4	(2,114)
Other	526	(53)
Total other income (expense)	520	(2,178)
Loss before income taxes	(5,490)	(10,293)
Income tax expense	23	8
Net loss	(5,513)	(10,301)
Comprehensive (loss) income	(5,513)	(10,301)
Reportable Legal Entities \| Non- Guarantor Subsidiaries
Revenue:
Service revenues	5,102	4,678
Subscriber equipment sales	2,498	1,899
Total revenue	7,600	6,577
Operating expenses:
Cost of services (exclusive of depreciation, amortization and accretion shown separately below)	3,099	2,295
Cost of subscriber equipment sales	2,446	1,920
Marketing, general and administrative	2,927	3,208
Depreciation, amortization and accretion	5,881	6,609
Total operating expenses	14,353	14,032
Loss from operations	(6,753)	(7,455)
Other income (expense):
Loss on extinguishment of debt	0	0
Interest income and expense, net of amounts capitalized	(171)	(86)
Derivative loss	0	0
Equity in subsidiary earnings	0	0
Other	1,747	865
Total other income (expense)	1,576	779
Loss before income taxes	(5,177)	(6,676)
Income tax expense	126	131
Net loss	(5,303)	(6,807)
Comprehensive (loss) income	(6,593)	(8,045)
Eliminations
Revenue:
Service revenues	(7,817)	(8,662)
Subscriber equipment sales	(2,090)	(788)
Total revenue	(9,907)	(9,450)
Operating expenses:
Cost of services (exclusive of depreciation, amortization and accretion shown separately below)	(1,725)	(57)
Cost of subscriber equipment sales	(2,603)	(1,277)
Marketing, general and administrative	0	(1,080)
Depreciation, amortization and accretion	(5,682)	(7,225)
Total operating expenses	(10,010)	(9,639)
Loss from operations	103	189
Other income (expense):
Loss on extinguishment of debt	0	0
Interest income and expense, net of amounts capitalized	0	0
Derivative loss	0	0
Equity in subsidiary earnings	10,659	17,043
Other	54	(124)
Total other income (expense)	10,713	16,919
Loss before income taxes	10,816	17,108
Income tax expense	0	0
Net loss	10,816	17,108
Comprehensive (loss) income	$ 10,816	$ 17,111

Supplemental Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 13,655	$ 7,121	$ 19,595	$ 17,408
Accounts receivable	15,300	15,015
Intercompany receivables	0	0
Inventory	13,584	14,734
Prepaid expenses and other current assets	7,283	7,944
Total current assets	49,822	44,814
Property and equipment, net	1,100,504	1,113,560
Restricted cash	37,918	37,918
Intercompany notes receivable	0	0
Investment in subsidiaries	0	0
Deferred financing costs, net	60,989	63,862
Intangible and other assets, net of accumulated amortization of $6,138 and $5,669, respectively	9,436	8,266
Total assets	1,258,669	1,268,420
Current liabilities:
Current portion of long-term debt	6,450	6,450
Accounts payable	5,010	6,922
Accrued contract termination charge	19,023	21,308
Accrued expenses	26,705	22,342
Intercompany payables	0	0
Payables to affiliates	376	481
Derivative liabilities		0
Deferred revenue	21,481	21,740
Total current liabilities	79,045	79,243
Long-term debt, less current portion	626,653	623,640
Employee benefit obligations	5,478	5,499
Intercompany notes payable	0	0
Derivative liabilities	548,526	441,550
Deferred revenue	6,517	6,572
Debt restructuring fees	20,795	20,795
Other non-current liabilities	11,233	12,205
Total non-current liabilities	1,219,202	1,110,261
Total stockholders’ (deficit) equity	(39,578)	78,916
Total liabilities and stockholders’ equity	1,258,669	1,268,420
Reportable Legal Entities \| Parent Company
Current assets:
Cash and cash equivalents	9,206	3,166	16,392	12,935
Accounts receivable	4,638	4,470
Intercompany receivables	781,109	755,482
Inventory	2,014	2,018
Prepaid expenses and other current assets	2,785	3,465
Total current assets	799,752	768,601
Property and equipment, net	1,092,982	1,105,670
Restricted cash	37,918	37,918
Intercompany notes receivable	13,006	13,006
Investment in subsidiaries	(266,658)	(265,249)
Deferred financing costs, net	60,989	63,862
Intangible and other assets, net of accumulated amortization of $6,138 and $5,669, respectively	7,846	6,707
Total assets	1,745,835	1,730,515
Current liabilities:
Current portion of long-term debt	6,450	6,450
Accounts payable	1,616	3,310
Accrued contract termination charge	19,023	21,308
Accrued expenses	11,633	6,638
Intercompany payables	530,407	508,503
Payables to affiliates	376	481
Derivative liabilities		0
Deferred revenue	2,448	3,185
Total current liabilities	571,953	549,875
Long-term debt, less current portion	626,653	623,640
Employee benefit obligations	5,478	5,499
Intercompany notes payable	3,830	2,000
Derivative liabilities	548,526	441,550
Deferred revenue	6,192	6,229
Debt restructuring fees	20,795	20,795
Other non-current liabilities	1,986	2,011
Total non-current liabilities	1,213,460	1,101,724
Total stockholders’ (deficit) equity	(39,578)	78,916
Total liabilities and stockholders’ equity	1,745,835	1,730,515
Reportable Legal Entities \| Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	1,086	672	539	676
Accounts receivable	5,290	5,265
Intercompany receivables	446,687	441,525
Inventory	7,324	8,424
Prepaid expenses and other current assets	307	303
Total current assets	460,694	456,189
Property and equipment, net	3,045	3,002
Restricted cash	0	0
Intercompany notes receivable	0	0
Investment in subsidiaries	(365,320)	4,734
Deferred financing costs, net	0	0
Intangible and other assets, net of accumulated amortization of $6,138 and $5,669, respectively	468	541
Total assets	98,887	464,466
Current liabilities:
Current portion of long-term debt	0	0
Accounts payable	1,668	1,755
Accrued contract termination charge	0	0
Accrued expenses	6,924	7,213
Intercompany payables	572,697	563,183
Payables to affiliates	0	0
Derivative liabilities		0
Deferred revenue	15,821	15,378
Total current liabilities	597,110	587,529
Long-term debt, less current portion	0	0
Employee benefit obligations	0	0
Intercompany notes payable	0	0
Derivative liabilities	0	0
Deferred revenue	325	343
Debt restructuring fees	0	0
Other non-current liabilities	296	294
Total non-current liabilities	621	637
Total stockholders’ (deficit) equity	(498,844)	(123,700)
Total liabilities and stockholders’ equity	98,887	464,466
Reportable Legal Entities \| Non- Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	3,363	3,283	2,664	3,797
Accounts receivable	4,970	4,955
Intercompany receivables	33,638	23,967
Inventory	4,246	4,292
Prepaid expenses and other current assets	4,191	4,176
Total current assets	50,408	40,673
Property and equipment, net	5,210	5,776
Restricted cash	0	0
Intercompany notes receivable	11,945	8,285
Investment in subsidiaries	31,093	30,552
Deferred financing costs, net	0	0
Intangible and other assets, net of accumulated amortization of $6,138 and $5,669, respectively	1,134	1,031
Total assets	99,790	86,317
Current liabilities:
Current portion of long-term debt	0	0
Accounts payable	1,726	1,857
Accrued contract termination charge	0	0
Accrued expenses	8,148	8,491
Intercompany payables	163,862	153,067
Payables to affiliates	0	0
Derivative liabilities		0
Deferred revenue	3,212	3,177
Total current liabilities	176,948	166,592
Long-term debt, less current portion	0	0
Employee benefit obligations	0	0
Intercompany notes payable	15,148	15,148
Derivative liabilities	0	0
Deferred revenue	0	0
Debt restructuring fees	0	0
Other non-current liabilities	8,951	9,900
Total non-current liabilities	24,099	25,048
Total stockholders’ (deficit) equity	(101,257)	(105,323)
Total liabilities and stockholders’ equity	99,790	86,317
Eliminations
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts receivable	402	325
Intercompany receivables	(1,261,434)	(1,220,974)
Inventory	0	0
Prepaid expenses and other current assets	0	0
Total current assets	(1,261,032)	(1,220,649)
Property and equipment, net	(733)	(888)
Restricted cash	0	0
Intercompany notes receivable	(24,951)	(21,291)
Investment in subsidiaries	600,885	229,963
Deferred financing costs, net	0	0
Intangible and other assets, net of accumulated amortization of $6,138 and $5,669, respectively	(12)	(13)
Total assets	(685,843)	(1,012,878)
Current liabilities:
Current portion of long-term debt	0	0
Accounts payable	0	0
Accrued contract termination charge	0	0
Accrued expenses	0	0
Intercompany payables	(1,266,966)	(1,224,753)
Payables to affiliates	0	0
Derivative liabilities		0
Deferred revenue	0	0
Total current liabilities	(1,266,966)	(1,224,753)
Long-term debt, less current portion	0	0
Employee benefit obligations	0	0
Intercompany notes payable	(18,978)	(17,148)
Derivative liabilities	0	0
Deferred revenue	0	0
Debt restructuring fees	0	0
Other non-current liabilities	0	0
Total non-current liabilities	(18,978)	(17,148)
Total stockholders’ (deficit) equity	600,101	229,023
Total liabilities and stockholders’ equity	$ (685,843)	$ (1,012,878)

Supplemental Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 2,521	$ 3,799
Cash flows from investing activities:
Second-generation ground-related costs (including interest)	(4,018)	(1,366)
Property and equipment additions	(1,790)	(428)
Net cash used in investing activities	(5,808)	(1,794)
Cash flows provided by (used in) financing activities
Proceeds from issuance of stock to Terrapin	10,000
Proceeds from issuance of common stock and stock options	61	310
Payment of deferred financing costs	0	(164)
Net cash provided by financing activities	10,061	146
Effect of exchange rate changes on cash and cash equivalents	(240)	36
Net increase in cash and cash equivalents	6,534	2,187
Cash and cash equivalents, beginning of period	7,121	17,408
Cash and cash equivalents, end of period	13,655	19,595
Reportable Legal Entities \| Parent Company
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	1,401	4,765
Cash flows from investing activities:
Second-generation ground-related costs (including interest)	(4,018)	(1,366)
Property and equipment additions	(1,404)	(88)
Net cash used in investing activities	(5,422)	(1,454)
Cash flows provided by (used in) financing activities
Proceeds from issuance of stock to Terrapin	10,000
Proceeds from issuance of common stock and stock options	61	310
Payment of deferred financing costs	0	(164)
Net cash provided by financing activities	10,061	146
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	6,040	3,457
Cash and cash equivalents, beginning of period	3,166	12,935
Cash and cash equivalents, end of period	9,206	16,392
Reportable Legal Entities \| Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	673	(1)
Cash flows from investing activities:
Second-generation ground-related costs (including interest)	0	0
Property and equipment additions	(259)	(136)
Net cash used in investing activities	(259)	(136)
Cash flows provided by (used in) financing activities
Proceeds from issuance of stock to Terrapin	0
Proceeds from issuance of common stock and stock options	0	0
Payment of deferred financing costs	0	0
Net cash provided by financing activities	0	0
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	414	(137)
Cash and cash equivalents, beginning of period	672	676
Cash and cash equivalents, end of period	1,086	539
Reportable Legal Entities \| Non- Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	447	(965)
Cash flows from investing activities:
Second-generation ground-related costs (including interest)	0	0
Property and equipment additions	(127)	(204)
Net cash used in investing activities	(127)	(204)
Cash flows provided by (used in) financing activities
Proceeds from issuance of stock to Terrapin	0
Proceeds from issuance of common stock and stock options	0	0
Payment of deferred financing costs	0	0
Net cash provided by financing activities	0	0
Effect of exchange rate changes on cash and cash equivalents	(240)	36
Net increase in cash and cash equivalents	80	(1,133)
Cash and cash equivalents, beginning of period	3,283	3,797
Cash and cash equivalents, end of period	3,363	2,664
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	0	0
Cash flows from investing activities:
Second-generation ground-related costs (including interest)	0	0
Property and equipment additions	0	0
Net cash used in investing activities	0	0
Cash flows provided by (used in) financing activities
Proceeds from issuance of stock to Terrapin	0
Proceeds from issuance of common stock and stock options	0	0
Payment of deferred financing costs	0	0
Net cash provided by financing activities	0	0
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	$ 0	$ 0