6. INVESTMENTS

As of March 31, 2015, the Company had both current and long-term investments. The current investments are classified as available-for-sale securities and the change in value is recognized within accumulated other comprehensive income (loss). The fair market value is determined using quoted market prices (a Level 1 approach). The long-term investments are comprised of two types of investments; those accounted for under the equity method of accounting and investments in debt securities.

The long-term investments accounted for under the equity method and cost method of accounting are as follows (in thousands):

Company	Investment	March 31, 2015		December 31, 2014
Equity Method
Global Cable Technology Ltd.	Stock	$	—	$	49
SB Submarine Systems Co., Ltd.	Stock		15,731		12,882
International Cableship Pte., Ltd.	Stock		2,393		2,111
Sembawang Cable Depot Ptd., Ltd.	Stock		874		808
Huawei Marine Systems Co., Ltd.	Stock		8,090		10,087
Visser Smit Global Marine Partnership	Stock		414		464
Novatel Wireless, Inc.	11,473,799 shares and 1,593,583 warrants		19,368		13,419
Kaneland, LLC	Stock		1,120		1,151
NerVve Technologies, Inc.	885,286 shares of Series A-1 Preferred Stock		5,538		5,538
Benevir Biopharm, Inc.	2,000 shares of Series A-1 Preferred Stock		1,799		1,915
Cost Method
DTV America Corporation	Convertible Debt		3,000		—
mParticle	Convertible Debt		500		250
		$	58,827	$	48,674

2015 Activity

Novatel Wireless, Inc. (“Novatel”)

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In February 2015, the Company sold 586,095 shares of common stock and 293,047 warrants for $1.0 million which resulted in a gain of $0.2 million.

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In March 2015, the Company exercised its warrants which converted into 3,824,600 shares of common stock for $8.6 million and also received a new warrant to purchase 1,593,583 shares of common stock at $5.50 per share.

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The Company’s ownership increased to approximately 23% of Novatel’s common stock.

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A basis difference, net of tax for the additional investment in March 2015 of $5.6 million consists of a trade name of $0.6 million (being amortized over 15 years), a technology and customer intangible of $0.8 million (being amortized over 7 years) and goodwill of $4.2 million.

DTV America Corporation (“DTV”)

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During the three months ended March 31, 2015, the Company purchased $3.0 million of convertible debt.

During the three months ended March 31, 2015, the Company recorded $2.7 million of equity in net loss from these investments.