Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of Estimated Useful Life of Assets Used to Compute Depreciation Using the Straight-line Method

Depreciation expense has been calculated using the following estimated useful lives:

 

Buildings and other improvements

   10–20 years

Leasehold improvements

   Remaining lease period

Office furniture and equipment

   5–7 years

Computer equipment and software

   3–5 years
Summary of Fair Value Measurements

     Fair Value Measurements at December 31, 2017
(expressed in thousands)
 
     Level 1      Level 2      Level 3      Net Balance  

Asset at Fair Value:

           

Forward purchase contracts

     —        $ 3        —        $ 3  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Assets at Fair Value

     —        $ 3        —        $ 3  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities at Fair Value

           

Forward purchase contracts

     —        $ 4        —        $ 4  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Liabilities at Fair Value

     —        $ 4        —        $ 4  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

     Fair Value Measurements at December 31, 2016,
(expressed in thousands)
 
     Level 1      Level 2      Level 3      Net Balance  

Asset at Fair Value:

           

Forward purchase contracts

     —        $ 9        —        $ 9  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Assets at Fair Value

     —        $ 9        —        $ 9  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities at Fair Value

           

Forward purchase contracts

     —        $ 19        —        $ 19  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Liabilities at Fair Value

     —        $ 19        —        $ 19  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

Schedule of Amounts of Non-hedging Derivative Financial Instruments

The table below summarizes the carrying value of derivative instruments as of December 31, 2017, 2016 and 2015.

 

   

Asset Derivatives

    Liability Derivatives  

Derivatives not designated as
hedging instruments under
ASC Topic 815

      Fair Value           Fair Value  
 

Balance Sheet

Location

  December 31,
2017
    December 31,
2016
    Balance Sheet
Location
    December 31,
2017
    December 31,
2016
 
        (expressed in thousands)           (expressed in thousands)  

Forward purchase contracts

  Prepaid expenses & other current assets   $ 3     $ 9       Accrued liabilities—current     $ 4     $ 19  
   

 

 

   

 

 

     

 

 

   

 

 

 

Total derivatives

    $ 3     $ 9       $ 4     $ 19