SEC Filings

20-F
TOWER SEMICONDUCTOR LTD filed this Form 20-F on 04/10/2017
Entire Document
 

TOWER SEMICONDUCTOR LTD. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(dollars in thousands, except per share data)

NOTE 14       -       FINANCIAL INSTRUMENTS AND FAIR VALUE MEASURMENTS (cont.)

E.
Fair Value Measurements (cont.)
 
   
December 31,
2015
   
Quoted prices
in active
market for
identical liability
(Level 1)
   
Significant other observable inputs
(Level 2)
   
Significant unobservable inputs
(Level 3)
 
Tower’s loans (including current maturities)
 
$
74,891
   
$
--
   
$
--
   
$
74,891
 
Foreign  Exchange forward and cylinders- liability position
   
64
             
64
         
   
$
74,955
   
$
--
   
$
64
   
$
74,891
 
Liabilities measured on a recurring basis using significant unobservable inputs (Level 3):
 
   
Tower’s loans
(including current
maturities)
   
Others
 
As of January 1, 2015 - at fair value
 
$
77,029
   
$
34
 
Loan repayment
   
(18,200
)
   
--
 
Total changes in fair value recognized in earnings
   
16,126
     
(34
)
As of December 31, 2015 - at fair value
 
$
74,955
   
$
--
 
Unrealized losses recognized in earnings related to outstanding loans as of December 31, 2015
 
$
13,219
   
$
--
 

F - 36