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Assets and Liabilities Measured at Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2016
Assets and Liabilities Measured at Fair Value |
Schedule of assets and liabilities measured at fair value |
|  | March 31, 2016 |  | December 31, 2015 |
|  |  |  |  | Quoted prices |  | Significant |  |  |  | Quoted prices |  | Significant |
|  |  |  |  | in active |  | other |  |  |  | in active |  | other |
|  |  |  |  | markets for |  | observable |  |  |  | markets for |  | observable |
|  |  |  |  | identical assets |  | inputs |  |  |  | identical assets |  | inputs |
Description |  | Total |  | (Level 1) |  | (Level 2) |  | Total |  | (Level 1) |  | (Level 2) |
|  | (amounts in thousands) |
Cash equivalents |  | $ | 775,379 |  | 775,379 |  | — |  | 639,956 |  | 639,956 |  | — |
Short-term marketable securities |  | $ | 77,685 |  | 77,685 |  | — |  | 9,014 |  | 9,014 |  | — |
Available-for-sale securities |  | $ | 484,084 |  | 484,084 |  | — |  | 439,560 |  | 439,560 |  | — |
Schedule of realized and unrealized gains (losses) on financial instruments |
|  | Three months ended |
|  | March 31, |
|  | 2016 |  | 2015 |
|  | (amounts in thousands) |
Time Warner Cable investment and financial instruments (1)(2) |  | $ | 45,005 |  | (1,329) |
|  | $ | 45,005 |  | (1,329) |
| (1) |  | During the three months ended March 31, 2015 the Company had an outstanding written call option on 625,000 Time Warner Cable shares which was cash settled during June 2015 for $48.3 million. Also during the three months ended March 31, 2015 the Company had an additional outstanding written call option on 625,000 Time Warner Cable shares which was cash settled during April 2015 for $36.7 million. No written call options on Time Warner Cable shares are outstanding as of March 31, 2016 or December 31, 2015. The unrealized gain during the three months ended March 31, 2016 is due to an increase in the Time Warner Cable stock price during the period.
On March 27, 2015, Liberty Broadband entered into a cashless collar agreement with a financial institution on 1.7 million Time Warner Cable shares held by the Company. The collar was originally scheduled to expire during March 2017. The Company unwound the agreement during July 2015 for $67.1 million cash paid to the counterparty. In connection with this collar agreement, the Company also entered into a revolving loan agreement with an availability of $234 million, which was terminated upon unwinding of the collar agreement during July 2015.

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a,b,bb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=36462937&loc=SL7498348-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1),(d) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
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