Assets And Liabilities Measured At Fair Value (Tables)
|9 Months Ended|
Sep. 30, 2015
|Fair Value Disclosures [Abstract]|
|Assets and Liabilities Measured at Fair Value||
|Realized and Unrealized Gains (Losses) on Financial Instruments||
Derivatives are marked to market based on the trading price of underlying securities and other observable market data as the significant inputs (Level 2). During September 2014, Liberty entered into a forward contract to acquire up to 15.9 million shares of Live Nation common stock. Prior to the contract’s original expiration during March 2015, the Company extended the contract through October 15, 2015 with the expiration to occur on the sixtieth day following the completion of the counterparty’s initial hedge, which will be November 27, 2015. The counterparty acquired the maximum number of Live Nation shares of common stock at a volume weighted average share price of $24.91 per share during September 2015. Although the contract will expire during November, Liberty has until December 2, 2015 to settle the contract.
Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).
Reference 1: http://www.xbrl.org/2003/role/presentationRef